Quarterly Reports

Our quarterly reports feature in depth research articles and a comprehensive update on the market and portfolio performance and positioning.

You should read the Fund’s Target Market Determination (TMD) and the Fund’s Product Disclosure Statement (PDS) to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs. These documents are available on the Apply Now page on this website.

June 2024 - Quarterly Report
Full June 2024 Report

March 2024 - Quarterly Report
Full March 2024 Report

December 2023 - Quarterly Report
Full December 2023 Report

September 2023 - Quarterly Report
Full September 2023 Report

June 2023 - Quarterly Report
Full June 2023 Report

March 2023 - Quarterly Report
Full March 2023 Report

December 2022 - Quarterly Report
Full December 2022 Report

September 2022 - Quarterly Report
Full September 2022 Report

March 2022 - ESG Integration: Philosophy
Full March 2022 Report

December 2021 - Forecasting with Humility
Full December 2021 Report

September 2021 - Who's got the energy?
Full September 2021 Report

June 2021 - Australian Private Health Insurance
Full June 2021 Report

March 2021 - COVID-19 - One Year On
Full March 2021 Report

December 2020 - Reinventing value investing
Full December 2020 Report

September 2020 - Oil – Pricing in a more realistic recovery
Full September 2020 Report

June 2020 - Long-term Dividend Opportunity the Main Game
Full June 2020 Report

March 2020 - COVID-19 Roadmap
Full March 2020 Report

December 2019 - Trade war: winners, losers and…is it over?
Full December 2019 Report

September 2019 - Telstra Update + Quality in the Merlon Process
Full September 2019 Report

June 2019 - Good Companies Not Always Good Investments
Full June 2019 Report

March 2019 - Iron Ore Supply + A Case Study in Poor Capital Allocation
Full March 2019 Report

December 2018 - Housing Cracks Present Material Opportunities + Asaleo Divestment
Full December 2018 Report

September 2018 - Trade Wars + Some More Thoughts on Telstra

Full September 2018 Report

June 2018 - Rethinking Post Retirement Asset Allocation + Amazon Revisited
Full June 2018 Report

March 2018 - Some Thoughts on Asset Prices + Digital vs Traditional Media
Full March 2018 Report

December 2017 - Oil: The Cycle Continues + Value Investing Part III
Full December 2017 Report

September 2017 - Telstra Revisited + Value Investing Part II

Full September 2017 Report

June 2017 - Amazon's Entry to Australia + Value Investing Part I
Full June 2017 Report

March 2017 - The Case for Fairfax Media + Are Housing Price Concerns Overblown?

Full March 2017 Report

December 2016 - Iron Ore Price Outlook + Boral's Acquisition of Headwaters
Full December 2016 Report