Selector High Conviction Equity Fund

June 2023 Quarterly Newsletter

In this quarterly, we highlight the challenges the banking sector faces in our articles “This is important”and “Good vs Bad Buybacks.” We then explore the work of Ken Allen at global logistics provider DHL in our piece “Simple is hard” and why common sense often leads to corporate success. To round this out, we comment on the economic fallout getting increasing attention in our piece “Productivity –or lack thereof.” We then address the significance of scale and leadership in our core portfolio holding, ResMed. Finally, we explore the link between working-from-home and productivity, before highlighting the sustainability practices of nib holdings in our ESG article.

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.