Category: International Growth Performance

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

Past Performance

Hypothetical $1 million invested in the International Growth portfolio on July 1, 2018, calculated in US Dollars:

Converted to Australian Dollars (on a month-end basis):

Performance Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

Portfolio Allocation

The graph below reflects current portfolio allocation:

For a detailed discussion of target sectors see Changes to International portfolio allocation.

Past Allocations

Allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals:

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

Past Performance

Hypothetical $1 million invested in the International Growth portfolio on July 1, 2018, calculated in US Dollars:

Converted to Australian Dollars (on a month-end basis):

Performance Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

Portfolio Allocation

The graph below reflects current portfolio allocation:

For a detailed discussion of target sectors see Changes to International portfolio allocation.

Past Allocations

Allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals:

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

Past Performance

Hypothetical $1 million invested in the International Growth portfolio on July 1, 2018, calculated in US Dollars:

Converted to Australian Dollars (on a month-end basis):

Performance Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

Portfolio Allocation

The graph below reflects current portfolio allocation:

For a detailed discussion of target sectors see Changes to International portfolio allocation.

Past Allocations

Allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals:

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

Past Performance

Hypothetical $1 million invested in the International Growth portfolio on July 1, 2018, calculated in US Dollars:

Converted to Australian Dollars (on a month-end basis):

Performance Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

Portfolio Allocation

Current portfolio allocation differs from our target allocation due to medium-term technical trends and over-pricing in targeted sectors. For further details see Changes to International portfolio allocation.

Allocations Changed Apr-2023

We have revised the allocation of some stocks held in the model portfolio. These changes have been applied to the current and past allocations below.

[Content protected for Premium, International Growth members only]

Current Allocation

The graph below reflects current portfolio allocation:

Past Allocations

Allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals:

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

Past Performance

Hypothetical $1 million invested in the International Growth portfolio on July 1, 2018, calculated in US Dollars:

Converted to Australian Dollars (on a month-end basis):

Performance Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

Portfolio Allocation

Current portfolio allocation differs considerably from our target allocation, set as a long-term aspirational goal, due to elevated market risk, over-priced sectors, and opportunities in cyclicals (including gold and precious metals).

Current Allocation

The graph below reflects current portfolio allocation:

Past Allocations

Allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals:

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

Past Performance

Hypothetical $1 million invested in the International Growth portfolio on July 1, 2018, calculated in US Dollars:

Converted to Australian Dollars (on a month-end basis):

Performance Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

Portfolio Allocation

Current portfolio allocation differs considerably from our target allocation, set as a long-term aspirational goal, due to elevated market risk, over-priced sectors, and opportunities in cyclicals (including gold and precious metals).

Current Allocation

The graph below reflects current portfolio allocation:

Past Allocations

Allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals:

[Content protected for Premium, International Growth members only]

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

International Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

The portfolio has a sizable allocation to gold & precious metals (19% at 31-Dec-2022). We expect negative real interest rates to lift performance of this asset class over the next year.

Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

International Growth portfolio performance since inception on 1 July 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

The portfolio has a sizable allocation to gold & precious metals (17% at 30-Nov-2022). We expect negative real interest rates to lift performance of this asset class over the next year.

Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.

International Growth portfolio performance since inception on 1 July 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

And in Australian Dollars:

Performance of Individual Stocks

[Content protected for Premium, International Growth members only]

The portfolio has a sizable allocation to gold & precious metals (16% at 31-Oct-2022). We expect negative real interest rates to lift performance of this asset class over the next year.

Notes:

• Performance is calculated in US Dollars except where otherwise stated.
• Annualized performance is calculated using the CAGR formula.
• Returns are calculated after brokerage costs but exclude all other fees and charges.
• Not all stocks have equal weighting nor held for the full period.
• Past performance is not a guarantee of future performance.