Page 1 - SMA changes rationale. Professional Assertive
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SMA Portfolio



               Change Rationale







               Professional Assertive




               As at 31 August 2023



               Below is a summary of the recent change to the portfolios:

               Following a review of your Professional Assertive portfolio (85% growth assets), we have reconfirmed
               our conviction in the target weights (ie allocation to each investment).

               Market movements have resulted in a shift in the actual weights of some of the investment options
               shifting significantly from the target weight.

               In light of this, we have rebalanced some of the holdings in your portfolio, to take profit from some of
               your holdings that have performed well in order to allocate the funds to holdings that have lagged
               and are below our target weight.

               To summarise we have:
                   -   Reduced the allocation to James Hardie Industries (JHX) and NextDC (NXT) back down to their
                       target weights following strong share price performance.
                   -   Increased the allocation to ResMed (RMD) back up to the target weight following weak share
                       price performance through reporting season.

               The remaining balance from our reductions has been retained in the cash account within your SMA.

               We have not made changes to the investment options in the portfolio other than changing the
               weights of each option.















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                   PSK Financial Services Group Pty Ltd (ABN 24 134 987 205) trading as PSK Private Wealth and Employee Representatives of PSK Advisory Services Pty Ltd trading as PSK Private Wealth are all representatives of AFS licensee, PSK
                   Advisory Services Pty Ltd (ABN 30 008 587 595) AFSL #234656. This document contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to
                   consider your financial situation and needs before making any decisions based on this information.
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