Australia · Delayed Price · Currency is AUD WAM Leaders Earnings Call Transcripts
Fiscal Year 2026
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Portfolio outperformed the benchmark with a 14% return and a 24.7% total shareholder return, supported by an increased fully franked dividend. Management is raising capital to capitalize on a regime change favoring value and cyclical stocks, while remaining cautious on banks and momentum trades.
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Portfolio outperformed the ASX 200 with an 8.4% return for the half and 11.1% for 2025, supporting a higher fully franked dividend. Outlook favors quality stocks amid volatility, with a focus on healthcare, resources, and REITs, while monitoring geopolitical and credit risks.
Fiscal Year 2025
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Portfolio returned 5.9% in FY25, underperforming the index, but has rebounded strongly in FY26 with a 7.9% YTD gain. Dividend yield is 7.1%, and the portfolio is positioned defensively for near-term volatility, with a focus on cost control, resilient sectors, and selective growth opportunities.
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Portfolio returned 3.3% for the half-year, supporting a higher dividend and outperforming the index. Positioning favors defensive and resource stocks amid market volatility, with a strong profits reserve and dividend coverage.
Fiscal Year 2024
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Portfolio underperformed the index with a 2.8% gain, but maintains a strong dividend yield and profits reserve. Defensive positioning is favored amid market crowding and economic uncertainty, with selective increases in resources and ongoing focus on turnaround opportunities.