EOFY Rebalance Australian 20 Portfolio

Ahead of 30-Jun-26 we review a good year and make some adjustments to reduce overweights in resources and close up some underweight to financials.

We have not yet ruled off the financial year, but it looks like it will be a good one.

This financial year has been good with some alpha decay over the last six months.

I will give a complete year-end report once we rule off the financial year end.

The FY2026 returns as at 26-Jun-26 were:

Portfolio: +15.21%

S&P/ASX 200 Benchmark: +5.80%

Alpha: +9.41%

It will move around in the last two trading days, but it was a good year.

The bulk of the outperformance came from timely resources bet around this time last year. In view of changing conditions, we are closing up some of that in this note.