We have our first quarterly NAPS review for the 2023 Calendar year. If you wish to revisit the launch email of the Australian and New Zealand NAPS portfolio from January, including the selection criteria, please read it here.
But just briefly, our Australia and New Zealand NAPS (No Admin Portfolio System) is run as an education tool and not intended to be taken as advice or portfolio recommendation. As the name suggests, we perform no changes to our very rudimentary process of selecting the two highest StockRank scores in each sector, for companies large enough for us to consider.
This update is purely for the purposes of interest. True to word, we will not make any changes, irrespective of any shift in rankings. Rather, as a shared learning exercise let’s see if a passive/stock specific fund can beat the market.
We are measuring the market as the S&P/ASX300, therefore let’s compare ourselves against the total return of the VAS Vanguard Australian Shares Index ETF as that is the closest way we can invest in the top 300.
Remember: Past performance is no indicator of future performance, which in the case of the NAPS portfolio, it will hope the statement rings true.
Performance for 3 months (31 Dec 22 - 31 March 2023)
Name | Gain | Income | Total |
NAPS Aus & NZ | -2.38% | +2.64% | +0.26% |
VAS (ASX300) | +2.37% | +1.15% | +3.53% |
The NAPS portfolio does not represent the actual return of a financial product. It is used purely for the purposes of education. The performance figure should not be relied upon in any way.
Some stocks were hit quite hard, the victim of short term mistiming which can often occur with a naive portfolio.
We have also seen a number of StockRanks™ fall for a number of different reasons. For some it was an analysis of their latest half year result. Others were because their momentum scores had dropped off on the back of the broad market sell down in mid February to March. For others it was sector reasons beyond business cycle activities which lead to the underperformance. However we have mentioned in other publications in the past that it is expected that the majority of revisions to StockRanks™ are downwards. This is simply because the higher the rank, it has less room to move up…
