Our portfolio

The Dutchies super fund at 30 October 2026. One page for the family: the value, how it moved, and why.

What it is worth

$983,537

Down $8,778 (−1.0%) since 25 September 2026

Mixed: resources and emerging markets fell (Perennial the biggest drag) while infrastructure and global small companies rose. The portfolio slipped about 1 per cent.

The value over the year

Month by month, in thousands of dollars, including the cash in the fund.

Value at each month end, back-chained from the latest marks; the cash held is unchanged since the 31 August 2026 statement.

What went up in October

Lazard Infra · property & infra+$4k · +6.9%
Langdon · global+$3k · +4.6%
MFS Contrarian · global+$2k · +1.4%

What went down in October

Perennial · australian−$11k · −21.5%
Ashmore EM · global−$4k · −6.6%
Macquarie Small Cos · australian−$4k · −6.1%

The four parts of the portfolio

Each sleeve's value and its move this month.

Australian equities

$257,297

−4.8% · −$13k

Global equities

$441,893

−0.3% · −$1k

Property & infrastructure

$119,867

+4.2% · +$5k

Alternatives

$89,554

+0.7% · +$1k

What to expect

Shares move around. This is normal.

The worst month so far this year was −6.7% (March, when an oil shock and rate rises hit shares). 3 of the 10 months were down. A growth portfolio like this one typically has four or five down months a year and, roughly one year in four or five, a down year — and over time it has grown. This month the biggest help was Lazard Infra (+$4k) and the biggest drag was Perennial (−$11k).

Analysis and modelling for discussion, not personal financial advice.