Selector High Conviction Equity Fund

December 2022 Quarterly Newsletter

In this quarterly edition we review SFML performance, attribution, ESG and company results from reporting season. We start with our macroeconomic outlook for 2023, dovetailed with a debt perspective viewed over the decades. We follow this up with our take on what makes for “A Quality Business”. We then focus on the tectonic shifts in digital technology in “Turning point”. Following this, we provide insights into recent company AGMs and results. We discuss the path of a business when leaders move on in “Succession”. In our ESG review we focus on a proven performer, TechnologyOne and provide an update on “Green Energy” within Selector.

This update has been prepared by Selector Funds Management Limited (“Selector”) ACN 102 856 347 AFSL 225316 to provide you with general information only. In preparing this update, we do not take into account your investment objectives, financial situation or particular needs. It is not intended to take the place of professional advice and you should not take action in reliance on this information. Neither Selector, or any of its related parties, their employees or directors, provide a warranty of accuracy or reliability for this information or accept any liability to any person who relies on it. Past performance is not an indicator of future performance. Selector does not guarantee the repayment of capital, payment of income or performance. Unauthorised use, copying, distribution, transmitting, publication, display, or reproduction in whole or in part of the information contained in this material is prohibited without prior written consent from Selector.

Unauthorised use, copying, distribution, transmitting, publication, display, or reproduction in whole or in part of the information contained in this material is prohibited without prior written consent from Selector.