KSuper (AUG23)

• Goal for 2023-24 is to minimize the DCA Sells on transaction costs and continue to focus on accumulating DCA Buys. We will be utilizing DRPs and update Qty in the Summary report monthly.

• Any DCA Sells will be +7.5% spreads, +5% on batch sells. This will allow for us to capture the price volatility spreads as well as minimize the transaction costs by half.

• If DCA sells are done, we’ll set DCA Buy at -10% from CP.

• We will continue to set  DCA Buy/Sell TMVs at 1.75K. 1.55K only if Target TMV is reached. 2K only if target spread is wide.

• Qty will be allotted in 25s. Otherwise we’ll use x7+x8 in 2 batches.

Additional Notes:

• Last Year our transaction costs averaged 4K, or about 2.5%. This is primarily due to taking advantage of the price volatility as well as accumulating funds at a discounted price.

• This year, our Target DY% is about 6%. If we can capitalize on 7% spreads as well as DY%, we can achieve about 12-to-13%. We’ll reassess the Dividends after HY in JAN24.

• This year, we will keep transaction costs under 2K, or about 1.25%. If we can achieve this, 4K+2K=6K / 2 years=3K or about 2% over 2 years.

• Target KSuper Balance by JUN24 of 175K.

• KSuper Bal (incl Balanced): 137K

• + KSuper Contributions: 27.5K

• Total: 164.5K

• MR: 100Kx6%=6K (DY%)

• MR: 100Kx7%=7K (Trades)

• Est MR: 13K

• Target Bal: 175K