2018 Financial Year ETF & LIC Performance Report

Global markets recorded positive gains in the 2018 Financial Year, continuing their march forward in what is becoming one of the longest bull markets in history. We look at the performance in the 2018 Financial year of all ETFs and LICs we cover.

By ETF Watch - Jul 11, 2018

Global markets recorded positive gains in the 2018 Financial Year, continuing their march forward in what is becoming one of the longest bull markets in history. This all occurred in the wake of rising global interest rates, US trade pressures with China and the unravelling of Bitcoin mania. The Australian market ended the financial year up a respectable 12.5% including dividends, with global markets up around 15%. The period was free of any major volatilty, with no large drops recorded. As we wrote in our end of 2017 wrap up, volatility continues to be amazingly low in global markets.

Below we have listed the performance of all of the ETFs and LICs that we follow at ETF Watch. Only funds which were available on 1 uly 2017 have been included, which means the 34 ETFs and LICs launched in the last 12 months are not included.

After a long period of being on the nose, resources rose to the top this year, with the top performing fund being Betashares Crude Oil Index ETF (OOO), an ETF which tracks oil markets. The SPDR S&P/ASX 200 Resources Fund (OZR), BetaShares S&P/ASX 200 Resources Sector ETF (QRE) and VanEck Vectors Australian Resources ETF (MVR) came in at 3, 4 & 7 respectrively.

It was another good year for tech stocks with both Betashares NASDAQ 100 (NDQ) and new entrant ETFS Morningstar Global Technology ETF (TECH) landing in the top 10.

On the LIC front, little know LIC NGE Capital (NGE) was the top performing fund, as it began to reign in its large discount to Net Asset Value (NAV) on the back of a successful bet on vacuum cleaner retailer Godfreys, who recently got bought out by their 99 year old founder John Hardy. Next up, landing 5th in performance overall was Contrarian Value Fund (CVF), a fund until recently known as Arowana Australasian Value Opportunities Fund. Global focused MFF Capital Investments (MFF) and small cap focused Acorn Capital Investment Fund (ACQ) round out the top 10.

At the rear of the field predicably are the inverse index funds (which bet on markets falling) and some poor performing LICs, including scandal ridden Blue Sky Alternative Access Fund (BAF), who were accused by US Hedge fund of falsifying their underlying asset values, and Aurora Global Income Trust (AIB) who have had an ex staff member steal from the trust. Last year’s performance winner Henry Morgan Limited (HML) remains suspended, over a year later, as the ASX continues to investigate their myriad of related party interests, a sure sign that elusive free lunch does not exist when it comes to investing.

83% of funds recorded positive performance in the period, up from 76% in the same period last year. Full performance figures can be found in the table below.

Ticker	Fund Name	Fund Type	FY18 Growth	FY 18 Income Yield	FY18 Total	FY 18 Franked Divs	FY 2017	FY 2016
OOO	BetaShares Crude Oil Index ETF- Currency Hedged (Synthetic)	ETF	58.11%	0.00%	58.11%	0.00%	-21.31%	-39.92%
NGE	NGE Capital Limited	LIC	48.89%	0.00%	48.89%	0.00%	N/A	N/A
OZR	SPDR S&P/ASX 200 Resources Fund	ETF	37.08%	2.97%	40.05%	95.33%	22.83%	-12.50%
QRE	Beta Shares S&P/ASX 200 Resources Sector ETF	ETF	38.27%	1.65%	39.93%	91.70%	22.01%	-11.26%
CVF	Contrarian Value Fund Limited	LIC	31.11%	8.33%	39.44%	100.00%	-5.42%	2.53%
MFF	MFF Capital Investments Limited	LIC	37.28%	1.29%	38.56%	100.00%	5.08%	6.78%
MVR	VanEck Vectors Australian Resources ETF	ETF	33.04%	3.57%	36.61%	61.64%	19.95%	-5.14%
TECH	ETFS Morningstar Global Technology ETF	ETF	27.85%	6.98%	34.83%	0.37%	N/A	N/A
NDQ	Betashares NASDAQ 100	ETF	30.38%	0.46%	30.83%	0.00%	25.53%	2.75%
ACQ	Acorn Capital Investment Fund Limited	LIC	25.00%	5.11%	30.11%	100.00%	6.48%	27.86%
PMC	Platinum Capital Limited	LIC	24.04%	5.93%	29.97%	100.00%	8.95%	-3.39%
PAI	Platinum Asia Investments Limited	LIC	24.14%	4.93%	29.06%	100.00%	14.69%	N/A
WMI	WAM Microcap Limited	LIC	26.67%	1.78%	28.44%	100.00%	N/A	N/A
AQF	Australian Governance Masters Index Funds Limited	LIC	-2.63%	31.04%	28.41%	100.00%	13.95%	-9.90%
WIC	Westoz Investment Company Limited	LIC	21.35%	6.25%	27.60%	100.00%	23.64%	-2.70%
FGG	Future Generation Global Investment Company Limited	LIC	25.93%	0.93%	26.85%	100.00%	3.32%	N/A
HACK	BetaShares Global Cybersecurity ETF	ETF	23.53%	2.56%	26.09%	0.00%	N/A	N/A
IJR	iShares Core S&P SmallCap 600	ETF	24.56%	1.07%	25.62%	0.00%	20.48%	1.42%
GGUS	Betashares Geared US Equity Fund – Currency Hedged (Hedge Fund)	ETF	24.52%	0.77%	25.28%	0.00%	40.72%	N/A
FUEL	BetaShares Global Energy Companies ETF – Currency Hedged	ETF	20.81%	4.14%	24.95%	0.00%	2.79%	N/A
PGF	PM Capital Global Opportunities Fund Limited	LIC	20.36%	3.26%	23.62%	100.00%	37.70%	-19.12%
GEAR	BetaShares Geared Australian Equity Fund (Hedge Fund)	ETF	16.18%	7.01%	23.19%	78.79%	26.31%	-7.93%
ISO	iShares S&P/ASX Small Ordinaries ETF	ETF	20.74%	2.34%	23.07%	63.00%	6.98%	13.16%
SSO	SPDR S&P/ASX Small Ordinaries Fund	ETF	20.35%	2.61%	22.96%	62.52%	7.78%	14.00%
UBU	UBS IQ MSCI USA Ethical ETF	ETF	20.16%	1.83%	21.99%	0.00%	16.01%	2.76%
ETHI	BetaShares Global Sustainability Leaders ETF	ETF	20.06%	1.43%	21.50%	0.00%	N/A	N/A
VTS	Vanguard US Total Market Shares Index	ETF	17.67%	1.48%	19.15%	0.00%	15.39%	3.77%
SPY	SPDR S&P 500 ETF Trust	ETF	17.32%	1.73%	19.05%	0.00%	13.34%	5.46%
FGX	Future Generation Investment Fund Limited	LIC	14.61%	4.02%	18.63%	100.00%	1.43%	3.11%
VSO	Vanguard MSCI Australian Small Companies Index	ETF	14.41%	3.98%	18.39%	21.95%	11.02%	12.60%
PIC	Perpetual Investment Company	LIC	13.04%	5.31%	18.36%	100.00%	16.43%	-1.26%
MVS	VanEck Vectors Small Cap Dividend Payers ETF	ETF	14.79%	3.41%	18.19%	66.05%	9.76%	12.55%
IVV	iShares Core S&P 500	ETF	16.50%	1.59%	18.09%	0.00%	15.25%	6.38%
IJH	iShares Core S&P MidCap 400	ETF	16.60%	1.18%	17.78%	0.00%	15.94%	1.93%
WDMF	iShares Edge MSCI World Multifactor ETF	ETF	12.92%	4.76%	17.69%	0.59%	N/A	N/A
UBJ	UBS IQ MSCI Japan Ethical ETF	ETF	15.55%	1.76%	17.31%	0.00%	12.83%	-5.53%
QUAL	VanEck Vectors MSCI World Ex-Australia ETF	ETF	14.19%	3.09%	17.28%	0.00%	14.51%	3.98%
MGE	Magellan Global Equities Fund	ETF	13.36%	3.47%	16.83%	0.00%	15.10%	-2.39%
SMLL	BetaShares Australian Small Companies Select Fund (managed fund)	ETF	15.13%	1.32%	16.45%	67.67%	N/A	N/A
UBP	UBS IQ MSCI Asia APREX 50 Ethical ETF	ETF	15.25%	1.18%	16.44%	0.00%	29.92%	-8.39%
EX20	BetaShares Australian Ex-20 Portfolio Diversifier ETF	ETF	13.60%	2.29%	15.89%	35.46%	N/A	N/A
WXOZ	SPDR S&P World Ex Australia Fund	ETF	12.99%	2.73%	15.72%	0.00%	15.61%	-0.62%
QMIX	SPDR MSCI World Quality Mix Fund	ETF	12.84%	2.84%	15.68%	1.64%	12.25%	N/A
OZG	Ozgrowth Limited	LIC	12.50%	3.13%	15.63%	100.00%	22.22%	-4.92%
GC1	Glennon Small Companies Limited	LIC	11.11%	4.44%	15.56%	100.00%	-5.05%	N/A
MOAT	Vaneck Vectors Morningstar Wide Moat ETF	ETF	14.57%	0.95%	15.52%	0.00%	20.11%	9.88%
IWLD	iShares Core MSCI World All Cap ETF	ETF	13.92%	1.56%	15.47%	0.00%	17.90%	N/A
IZZ	iShares China Large-Cap ETF	ETF	12.57%	2.90%	15.47%	0.00%	15.29%	-22.82%
IAA	iShares Asia 50 ETF	ETF	13.93%	1.47%	15.40%	0.00%	27.04%	-7.84%
UBW	UBS IQ MSCI World ex Australia Ethical ETF	ETF	12.97%	2.17%	15.14%	0.00%	17.18%	-3.59%
VGS	Vanguard MSCI Index International Series	ETF	12.33%	2.81%	15.14%	0.00%	15.11%	-1.92%
AUMF	iShares Edge MSCI Australia Multifactor ETF	ETF	10.64%	4.40%	15.04%	80.30%	N/A	N/A
QUS	Betashares FTSE RAFI US 1000 ETF	ETF	12.73%	2.30%	15.03%	0.00%	13.25%	4.04%
EAI	Ellerston Asian Investments	LIC	14.97%	0.00%	14.97%	0.00%	16.88%	N/A
IOO	IShares Global 100 ETF	ETF	12.89%	1.91%	14.80%	0.00%	18.32%	-1.04%
ETPMPD	ETFS Physical Palladium	ETF	14.55%	0.00%	14.55%	0.00%	41.19%	-21.22%
BST	Barrack St Investments Limited	LIC	11.30%	3.11%	14.41%	100.00%	-3.19%	19.38%
IJP	iShares MSCI Japan ETF	ETF	13.07%	1.24%	14.31%	0.00%	14.55%	-5.73%
DUI	Diversified United Investment	LIC	10.22%	3.90%	14.11%	100.00%	18.04%	-2.85%
ZOZI	ETFS S&P/ASX 100 ETF	ETF	5.71%	8.21%	13.92%	34.66%	14.67%	-1.40%
IHVV	iShares S&P 500 AUD Hedged	ETF	11.58%	1.91%	13.50%	0.00%	19.08%	3.20%
MVE	VanEck Vectors S&P/ASX MidCap ETF	ETF	9.46%	3.90%	13.36%	25.67%	20.59%	4.09%
UBA	UBS IQ MSCI Australia Ethical ETF	ETF	8.76%	4.30%	13.06%	78.86%	14.90%	-2.09%
UMAX	Betashares S&P500 Yield Maximiser Fund (Managed Fund)	ETF	8.51%	4.43%	12.94%	0.00%	9.64%	5.39%
MVA	VanEck Vectors Australian Property ETF	ETF	7.06%	5.83%	12.89%	0.92%	-3.39%	22.07%
VAS	Vanguard Australian Shares Index	ETF	8.93%	3.83%	12.77%	79.97%	13.54%	1.44%
VAP	Vanguard Australian Property Securities Index ETF	ETF	3.67%	8.93%	12.60%	0.02%	-5.33%	22.89%
MVW	VanEck Vectors Australian Equal Weight ETF	ETF	9.24%	3.26%	12.51%	52.81%	14.99%	10.37%
STW	SPDR S&P/ASX 200 Fund	ETF	8.27%	4.22%	12.49%	75.41%	14.11%	-0.09%
SLF	SPDR S&P/ASX 200 Listed Property Fund	ETF	3.53%	8.94%	12.47%	0.00%	-6.27%	23.71%
IOZ	iShares S&P/ASX 200 ETF	ETF	8.49%	3.88%	12.37%	69.94%	13.51%	-0.38%
FSI	Flagship Investments Limited	LIC	7.44%	4.85%	12.30%	100.00%	10.03%	12.59%
QOZ	BetaShares FTSE RAFI Australia 200 ETF	ETF	8.09%	4.19%	12.28%	70.05%	19.40%	-2.87%
MHG	Magellan Global Equities Fund Currency Hedged (Managed Fund)	ETF	7.94%	4.33%	12.27%	0.00%	22.61%	N/A
VAE	Vanguard FTSE Asia ex Japan Shares Index ETF	ETF	8.88%	3.11%	11.99%	0.00%	20.11%	N/A
WVOL	iShares Edge MSCI World Minimum Volatility ETF	ETF	8.89%	2.63%	11.52%	4.45%	N/A	N/A
WXHG	SPDR S&P World Ex Australia (Hedged) Fund	ETF	8.92%	2.52%	11.43%	0.00%	22.15%	-3.12%
TEK	Thorney Technologies LTD	LIC	11.36%	0.00%	11.36%	0.00%	N/A	N/A
PIA	Pengana International Equities Limited	LIC	4.98%	6.33%	11.31%	100.00%	N/A	N/A
WEMG	SPDR S&P Emerging Markets Fund	ETF	8.48%	2.72%	11.19%	0.00%	18.08%	-8.64%
AUI	Australian United Investment	LIC	6.92%	4.26%	11.19%	100.00%	17.90%	-8.66%
VGAD	Vanguard MSCI Index International Series (Hedged)	ETF	5.88%	5.13%	11.01%	0.00%	21.03%	-3.64%
WRLD	Betashares Managed Risk Global Share Fund	ETF	9.92%	1.06%	10.98%	0.00%	12.14%	N/A
IHWL	iShares Core MSCI World All Cap (AUD Hedged) ETF	ETF	9.80%	1.16%	10.96%	0.00%	20.63%	N/A
KAT	Katana Capital	LIC	7.75%	3.15%	10.90%	73.59%	-5.73%	3.05%
SFY	SPDR S&P/ASX 50 Fund	ETF	6.11%	4.72%	10.83%	71.22%	13.52%	-2.84%
IEM	iShares MSCI Emerging Markets ETF	ETF	8.97%	1.84%	10.81%	0.00%	18.81%	-9.82%
WDE	Wealth Defender Equities	LIC	6.92%	3.77%	10.69%	100.00%	13.19%	-25.51%
ILC	iShares S&P/ASX 20 ETF	ETF	5.81%	4.88%	10.69%	83.38%	13.83%	-7.57%
AUST	Betashares Managed Risk Australian Share Fund	ETF	6.02%	4.25%	10.28%	80.17%	7.25%	N/A
CLF	Concentrated Leaders Fund Limited	LIC	5.56%	4.70%	10.26%	100.00%	14.29%	-1.79%
VLC	Vanguard MSCI Australian Large Companies Index	ETF	5.75%	4.48%	10.24%	87.06%	12.88%	-4.91%
AFI	Australian Foundation Investment Company (AFIC)	LIC	6.02%	4.13%	10.15%	100.00%	7.84%	-4.41%
QCB	BetaShares Commodities Basket ETF – Currency Hedged (Synthetic)	ETF	10.06%	0.00%	10.06%	0.00%	-7.63%	-15.22%
MVOL	iShares Edge MSCI Australia Minimum Volatility ETF	ETF	5.28%	4.63%	9.92%	63.77%	N/A	N/A
EGI	Ellerston Global Investments Limited	LIC	5.94%	3.96%	9.90%	100.00%	12.57%	-19.57%
RENT	AMP Capital Global Property Securities Fund (unhedged) (managed fund)	ETF	8.15%	1.53%	9.68%	0.00%	-4.16%	N/A
VEU	Vanguard All-World EX US Shares Index	ETF	7.31%	2.34%	9.65%	0.00%	17.45%	-8.28%
ZYAU	ETFS S&P/ASX 300 High Yield Plus ETF	ETF	4.43%	5.21%	9.64%	46.83%	16.06%	1.93%
IHOO	iShares Global 100 AUD Hedged	ETF	-1.39%	11.00%	9.60%	0.12%	24.25%	-2.43%
IVE	iShares MSCI EAFE ETF	ETF	7.05%	2.47%	9.51%	0.00%	17.73%	-8.57%
MA1	Monash Absolute Investment Company	LIC	9.33%	0.00%	9.33%	0.00%	-21.05%	N/A
ZYUS	ETFS S&P 500 High Yield Low Volatility ETF	ETF	3.44%	5.71%	9.16%	0.00%	3.27%	25.07%
RARI	Russell Australian ResponsibleÂ Investment ETF	ETF	2.94%	6.10%	9.04%	48.94%	13.51%	-2.94%
FDIV	VanEck Vectors S&P/ASX Franked Dividend ETF	ETF	3.31%	5.70%	9.01%	85.25%	-1.09%	N/A
WDIV	SPDR S&P Global Dividend Fund	ETF	0.88%	8.11%	8.98%	0.12%	9.89%	1.08%
KII	K2 Global Equities Fund (Hedge Fund)	ETF	8.87%	0.00%	8.87%	0.00%	12.73%	N/A
CIN	Carlton Investments	LIC	5.02%	3.78%	8.79%	100.00%	3.18%	3.60%
AMH	AMCIL	LIC	4.92%	3.83%	8.74%	100.00%	-1.04%	11.11%
VGE	Vanguard FTSE Emerging Markets Shares	ETF	6.85%	1.86%	8.71%	0.00%	14.91%	-10.35%
SWTZ	Switzer Dividend Growth Fund (Managed Fund)	ETF	4.80%	3.82%	8.62%	86.30%	N/A	N/A
UBE	UBS IQ MSCI Europe Ethical ETF	ETF	5.56%	2.86%	8.42%	0.00%	19.90%	-11.34%
PAF	PM Capital Asian Opportunities Fund Limited	LIC	3.67%	4.59%	8.26%	100.00%	22.04%	-2.11%
ZCNH	ETFS Physical Renminbi ETF	ETF	8.21%	0.00%	8.21%	0.00%	-4.59%	-3.04%
ARG	Argo Investments	LIC	3.91%	4.11%	8.02%	100.00%	8.21%	-3.70%
PLUS	VanEck Vectors Australian Corporate Bond Plus ETF	ETF	1.16%	6.83%	7.99%	0.00%	N/A	N/A
VEQ	Vanguard FTSE Europe Shares ETF	ETF	5.73%	2.23%	7.97%	0.00%	19.07%	N/A
DJRE	SPDR Dow Jones Global Real Estate Fund	ETF	4.41%	3.34%	7.74%	0.24%	-4.76%	15.31%
TGG	Templeton Global Growth	LIC	4.41%	3.31%	7.72%	100.00%	21.65%	-8.35%
CDM	Cadence Capital	LIC	1.21%	6.48%	7.69%	100.00%	8.23%	-3.99%
YMAX	BetaShares Australian Top 20 Equity Yield Maximiser Fund	ETF	-1.10%	8.67%	7.57%	28.46%	10.78%	-5.55%
AEG	Absolute Equity Performance Fund Ltd	LIC	3.56%	4.00%	7.56%	100.00%	-4.66%	N/A
HJPN	BetaShares WisdomTree Japan ETF – Currency Hedged	ETF	4.82%	2.45%	7.28%	0.00%	38.01%	N/A
YANK	BetaShares Strong U.S. Dollar Fund (hedge fund)	ETF	7.22%	0.00%	7.22%	0.00%	N/A	N/A
WLE	WAM Leaders Limited	LIC	3.14%	4.04%	7.17%	100.00%	2.27%	N/A
MICH	Magellan Infrastructure Fund (Currency Hedged) (Managed Fund)	ETF	4.15%	2.87%	7.02%	0.00%	N/A	N/A
DIV	UBS IQ Morningstar Australia Dividend Yield ETF	ETF	1.60%	5.40%	7.00%	73.55%	13.67%	-1.19%
IXJ	iShares Global Healthcare ETF	ETF	5.65%	1.18%	6.83%	0.00%	8.25%	-2.60%
FOR	Forager Australian Shares Fund	LIC	-4.00%	10.73%	6.73%	0.00%	N/A	N/A
8EC	8IP Emerging Companies Limited	LIC	3.33%	3.33%	6.67%	100.00%	-7.14%	N/A
IEU	IShares Europe ETF	ETF	4.30%	2.36%	6.66%	0.00%	19.07%	-11.12%
ETF	UBS IQ Morningstar Australia Quality ETF	ETF	3.39%	3.16%	6.55%	57.22%	4.93%	0.94%
IKO	iShares MSCI South Korea Capped ETF	ETF	4.05%	2.47%	6.51%	0.00%	27.56%	-1.50%
WAX	WAM Research Limited	LIC	0.33%	6.15%	6.48%	100.00%	17.96%	23.49%
MVB	VanEck Vectors Australian Banks ETF	ETF	0.87%	5.54%	6.40%	88.99%	20.92%	-11.93%
MLT	Milton Corporation	LIC	2.22%	4.17%	6.39%	100.00%	9.72%	-0.67%
ITW	iShares MSCI Taiwan ETF	ETF	4.18%	2.18%	6.36%	0.00%	26.27%	-6.54%
ESTX	ETFS EURO STOXX 50Â® ETF	ETF	2.50%	3.83%	6.34%	0.00%	N/A	N/A
CBC	CBG Capital	LIC	2.78%	3.39%	6.17%	100.00%	0.54%	0.11%
CIE	Contango Income Generator Limited	LIC	-2.59%	8.60%	6.01%	50.00%	11.96%	N/A
WAM	WAM Capital	LIC	-0.42%	6.38%	5.96%	100.00%	13.79%	23.57%
SNC	Sandon Capital Investments Limited	LIC	-1.60%	7.45%	5.85%	100.00%	25.63%	-5.20%
FOOD	BetaShares Global Agriculture Companies ETF – Currency Hedged	ETF	4.51%	1.17%	5.68%	0.00%	N/A	N/A
ZUSD	ETFS Physical US Dollar ETF	ETF	5.04%	0.51%	5.55%	0.00%	-3.50%	N/A
WAA	WAM Active	LIC	0.45%	5.09%	5.55%	100.00%	11.89%	9.64%
CYA	Century Australia	LIC	3.23%	2.25%	5.47%	100.00%	18.66%	-0.41%
IHD	iShares S&P/ASX Dividend Opportunities Fund ETF	ETF	0.50%	4.92%	5.42%	72.74%	15.34%	-10.08%
DMKT	AMP Capital Dynamic Markets Fund (Hedge Fund)	ETF	0.38%	4.92%	5.31%	0.00%	N/A	N/A
CAM	Clime Capital Limited	LIC	-0.57%	5.75%	5.17%	100.00%	18.45%	-9.06%
PMGOLD	Perth Mint Gold	ETF	5.15%	0.00%	5.15%	0.00%	-9.13%	16.33%
SYI	SPDR MSCI Australia Select High Dividend Yield Fund	ETF	0.03%	5.05%	5.08%	79.63%	18.71%	-7.53%
POU	BetaShares British Pound ETF	ETF	5.03%	0.00%	5.03%	0.00%	-6.61%	-12.16%
EEU	BetaShares Euro ETF	ETF	4.90%	0.00%	4.90%	0.00%	-0.41%	1.61%
EMF	Emerging Markets Masters Fund	LIC	-22.75%	27.61%	4.86%	0.00%	12.07%	-8.96%
MIR	Mirrabooka Investments	LIC	-0.37%	5.19%	4.81%	100.00%	3.26%	12.69%
KSM	K2 Australian Small Cap Fund	ETF	-1.92%	6.51%	4.60%	0.00%	16.19%	N/A
USD	BetaShares U.S. Dollar ETF	ETF	4.34%	0.17%	4.51%	0.00%	-3.65%	3.13%
DRUG	BetaShares Global Healthcare ETF – Currency Hedged	ETF	4.10%	0.31%	4.41%	0.00%	N/A	N/A
GDX	VanEck Vectors Gold Miners ETF	ETF	3.70%	0.66%	4.36%	0.00%	-21.21%	57.40%
RDV	Russell High Dividend Australian Shares ETF	ETF	-2.19%	6.45%	4.25%	66.30%	15.85%	-5.42%
GROW	Schroder Real Return Fund (Managed Fund)	ETF	1.65%	2.59%	4.24%	0.00%	N/A	N/A
GOLD	ETFS Physical Gold	ETF	4.16%	0.00%	4.16%	0.00%	-9.08%	15.24%
GLIN	AMP Capital Global Infrastructure Securities Fund (unhedged) (managed fund)	ETF	1.87%	2.20%	4.07%	0.00%	6.95%	N/A
WHF	Whitefield	LIC	0.00%	3.91%	3.91%	100.00%	14.04%	-4.02%
ILB	iShares UBS Government Inflation ETF	ETF	2.92%	0.93%	3.84%	0.00%	0.30%	3.30%
HEUR	BetaShares WisdomTree Europe ETF – Currency Hedged	ETF	2.00%	1.48%	3.48%	0.00%	28.86%	N/A
VACF	Vanguard Australian Corporate Fixed Interest Index ETF	ETF	0.60%	2.67%	3.27%	0.00%	2.80%	N/A
IFRA	VanEck Vectors FTSE Global Infrastructure (Hedged) ETF	ETF	-0.66%	3.80%	3.14%	0.20%	13.38%	N/A
GOVT	SPDR S&P/ASX Australian Government Bond Fund	ETF	0.90%	2.15%	3.05%	0.00%	-0.80%	7.45%
GFL	Global Masters Fund	LIC	2.97%	0.00%	2.97%	0.00%	48.53%	-17.58%
IAF	iShares UBS Composite Bond ETF	ETF	0.44%	2.35%	2.79%	0.00%	0.01%	6.60%
ETPMPM	ETFS Physical Precious Metal Basket	ETF	2.71%	0.00%	2.71%	0.00%	-2.34%	8.50%
VAF	Vanguard Australian Fixed Interest Index	ETF	-0.20%	2.89%	2.69%	0.00%	0.18%	5.36%
VHY	Vanguard Australian Shares High Yield ETF	ETF	-4.75%	7.43%	2.68%	58.11%	16.41%	-6.39%
BOND	SPDR S&P/ASX Australian Bond Fund	ETF	-0.04%	2.56%	2.52%	0.00%	-0.24%	5.87%
VGB	Vanguard Australian Government Bond Index ETF	ETF	-0.40%	2.92%	2.51%	0.00%	-0.19%	6.65%
IGB	IShares UBS Treasury ETF	ETF	-0.10%	2.55%	2.46%	0.00%	-1.10%	7.19%
QPON	BetaShares Australian Bank Senior Floating Rate Bond ETF	ETF	0.00%	2.45%	2.45%	0.00%	N/A	N/A
RGB	Russell Australian Government Bond ETF	ETF	0.24%	2.02%	2.26%	0.00%	-1.17%	8.15%
RCB	Russell Australian Select Corporate Bond ETF	ETF	-1.09%	3.29%	2.21%	0.00%	2.60%	2.86%
VIF	Vanguard International Fixed Interest (Hedged) ETF	ETF	-2.34%	4.51%	2.16%	0.00%	-1.30%	N/A
ISEC	iShares Enhanced Cash ETF	ETF	0.27%	1.83%	2.10%	0.00%	N/A	N/A
RSM	Russell Australian Semi-Government Bond ETFÂ	ETF	0.05%	2.01%	2.06%	0.00%	0.66%	4.93%
IXI	iShares Global Consumer Staples ETF	ETF	0.14%	1.85%	1.99%	0.00%	2.58%	14.44%
AAA	Betashares Australian High Interest Cash ETF	ETF	-0.04%	2.01%	1.97%	0.00%	2.06%	2.68%
BILL	iShares Core Cash ETF	ETF	0.22%	1.61%	1.83%	0.00%	N/A	N/A
OZF	SPDR S&P/ASX 200 Financials ex A-REITS Fund	ETF	-2.85%	4.59%	1.74%	90.15%	19.60%	-8.41%
IBC	Ironbark Capital Limited	LIC	-2.00%	3.70%	1.70%	100.00%	12.93%	-10.10%
CETF	VanEck Vectors ChinaAMC A-Share ETF	ETF	0.50%	1.02%	1.53%	0.00%	14.52%	-31.74%
QFN	Beta Shares S&P/ASX 200 Financials Sector ETF	ETF	-2.40%	3.89%	1.48%	95.14%	19.33%	-8.90%
BNKS	BetaShares Global Banks ETF – Currency Hedged	ETF	-0.86%	2.21%	1.35%	0.00%	N/A	N/A
IHHY	iShares Global High Yield Bond (Hedged) ETF	ETF	-4.74%	5.87%	1.13%	0.00%	10.23%	N/A
TOP	Thorney Opportunities Limited	LIC	-0.72%	1.80%	1.08%	52.00%	20.86%	25.81%
ABW	Aurora Absolute Return Fund	LIC	-5.00%	5.83%	0.82%	0.00%	-47.78%	-8.07%
VCF	Vanguard International Credit Securities Index (Hedged) ETF	ETF	-5.58%	6.32%	0.74%	0.00%	2.52%	N/A
HML	Henry Morgan Limited	LIC	0.00%	0.00%	0.00%	0.00%	130.53%	N/A
AYF	Australian Enhanced Income Fund	LIC	-5.69%	5.69%	0.00%	47.23%	13.64%	4.99%
IHCB	iShares Global Corporate Bond ETF (Hedged)	ETF	-2.98%	2.95%	-0.03%	0.00%	2.09%	N/A
ETPMAG	ETFS Physical Silver	ETF	-0.10%	0.00%	-0.10%	0.00%	-12.72%	20.89%
NCC	NAOS Emerging Opportunities Company Limited	LIC	-5.64%	5.45%	-0.19%	100.00%	34.62%	10.80%
ALI	Argo Global Listed Infrastructure Limited	LIC	-2.70%	2.03%	-0.68%	0.00%	2.72%	N/A
QAU	BetaShares Gold Bullion ETF – Currency Hedged	ETF	-1.15%	0.00%	-1.15%	0.00%	-5.98%	12.13%
BKI	BKI Investment Company Limited	LIC	-5.86%	4.52%	-1.34%	100.00%	7.12%	1.41%
WQG	WCM Global Growth Limited	LIC	-2.27%	0.00%	-2.27%	0.00%	N/A	N/A
AYZ	Australian Masters Yield Fund Number 5	LIC	-5.60%	3.30%	-2.30%	86.13%	-15.49%	N/A
NAC	NAOS Absolute Opportunities Company Limited	LIC	-7.73%	5.07%	-2.66%	100.00%	8.50%	14.56%
DJW	Djerriwarrh Investments	LIC	-8.15%	5.43%	-2.72%	100.00%	-3.92%	-7.46%
GVF	Global Value Fund Limited	LIC	-8.19%	5.43%	-2.76%	50.00%	16.33%	5.37%
PL8	Plato Income Maximiser Limited	LIC	-6.39%	3.38%	-3.01%	95.80%	N/A	N/A
IHEB	iShares J.P. Morgan USD Emerging Markets Bond (AUD Hedged) ETF	ETF	-7.41%	4.03%	-3.38%	0.00%	6.41%	N/A
HVST	BetaShares Australian Dividend Harvester Fund (Managed Fund)	ETF	-14.08%	9.67%	-4.41%	68.67%	-1.75%	3.49%
MNRS	Betashares Global Gold Miners ETF – Currency Hedged	ETF	-4.97%	0.43%	-4.54%	0.00%	N/A	N/A
ETPMPT	ETFS Physical Platinum	ETF	-5.12%	0.00%	-5.12%	0.00%	-10.24%	-3.18%
APL	Antipodes Global Investment Company Ltd	LIC	-5.22%	0.00%	-5.22%	0.00%	N/A	N/A
MEC	Morphic Ethical Equities Fund Limited	LIC	-6.76%	0.00%	-6.76%	0.00%	N/A	N/A
NSC	NAOS Small Cap Opportunities Company Limited	LIC	-15.00%	7.22%	-7.78%	70.00%	N/A	N/A
BEAR	BetaShares Australian Equities Bear (Hedge Fund)	ETF	-9.83%	0.00%	-9.83%	0.00%	-12.35%	-1.15%
WGF	Watermark Global Leaders Fund Limited	LIC	-9.85%	0.00%	-9.85%	0.00%	N/A	N/A
AUDS	BetaShares Strong Australian Dollar Fund (hedge fund)	ETF	-12.52%	1.96%	-10.55%	0.00%	N/A	N/A
QVE	QV Equities Limited	LIC	-14.18%	3.06%	-11.12%	100.00%	27.59%	4.72%
ALF	Australian Leaders Fund Limited	LIC	-14.52%	3.32%	-11.20%	0.00%	-10.38%	25.61%
QAG	BetaShares Agricultural ETF – Currency Hedged (Synthetic)	ETF	-13.94%	0.00%	-13.94%	0.00%	-15.59%	-2.14%
AOD	Aurora Dividend Income Trust (Managed Fund)	ETF	-19.42%	5.45%	-13.97%	70.95%	4.57%	-10.60%
URB	URB Investments Limited	LIC	-15.49%	0.47%	-15.02%	100.00%	N/A	N/A
BHD	Benjamin Hornigold Limited	LIC	-28.28%	12.12%	-16.16%	10.00%	N/A	N/A
WMK	Watermark Market Neutral Fund Limited	LIC	-20.79%	3.47%	-17.33%	100.00%	5.42%	32.72%
BTI	Bailador Technology Investments limited	LIC	-17.78%	0.00%	-17.78%	0.00%	-20.70%	24.73%
FPC	Fat Prophets Global Contrarian Fund Ltd	LIC	-19.13%	0.00%	-19.13%	0.00%	N/A	N/A
LSX	Lion Selection Group Limited	LIC	-21.05%	0.00%	-21.05%	0.00%	24.59%	74.29%
BBOZ	BetaShares Australian Equities Strong Bear (Hedge Fund)	ETF	-22.47%	0.00%	-22.47%	0.00%	-27.98%	-7.20%
BAF	Blue Sky Alternatives Access Fund Limited	LIC	-31.62%	4.27%	-27.35%	100.00%	1.67%	20.00%
BBUS	Betashares US Eq Strong Bear Hedged Fund	ETF	-28.55%	0.00%	-28.55%	0.00%	-36.29%	N/A
AYK	Australian Masters Yield Fund No 4 Limited	LIC	-54.85%	2.51%	-52.34%	100.00%	-12.88%	-12.36%
AIB	Aurora Global Income Trust	LIC	-64.02%	4.67%	-59.35%	0.00%	18.31%	-6.76%

* Income yield has been calculated based on income divided by closing price on 29 June 2018. Total performance has been calculated by simply adding the performance and the yield (ignoring the timing of dividend payments). Whilst the franked component of income payments has been calculated, the income payment has not been grossed up by the franking credits. All performance is based on closing share prices rather than underlying Net Tangible Assets. As usual, past performance should not be used as an indication of possible future returns, and we recommend this data not be used to support investment decisions.