Three months comes around quick and it is time for our first quarterly NAPS review for the 2024 Calendar year. If you wish to revisit the launch email of the Australian and New Zealand NAPS portfolio from January, including the selection criteria and the follow on from the previous year, 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 selection of selecting the highest StockRank scores in each sector, for companies large enough for us to consider. For a reminder of the rules be sure to read that first article.

This update is purely for the purposes of interest and is a shared learning exercise to see if a passive/stock specific fund can beat the market.

As with the previous year, we are measuring the market as the S&P/ASX300, therefore we 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.

Performance for 3 months (01 January 2024 - 31 March 2024)

Name

Gain

Income

Total

NAPS Aus & NZ

+4.15%

+1.95%

+6.04% *

VAS (ASX300)

+4.69%

+1.00%

+5.69%

* -0.06% lower due to currency conversion of VCT into AUD

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.

Just as a reminder, the portfolio of 20 stocks was equally weighted and compounds upon the returns from the 2023 portfolio. The total value of the portfolio at the end of 2023 had increased from an initial $200,000 to $216,496 including $10,583 in cash from dividends received. Therefore $10,825 will be allocated to each stock (after allowing for brokerage).

We mentioned at the end of the 2023 review that it is incredibly difficult for the NAPS portfolio to outperform when the market is on a strong run. Pleasingly in the first quarter, we have seen the portfolio keep in step with the broader market (and even slightly outperform it.)

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