Important Information as at 1 July 2020
Lincoln Investment Process
Lincoln Indicators Pty Ltd (Lincoln) identifies stocks that meet certain pre-defined criteria. Companies that fail to pass this screening process have no further research conducted on them. For more information on the Lincoln Investment Process refer to Lincoln’s Education material.
“Advice” on this website
This website may contain general financial product advice. It has been prepared without taking account of your personal circumstances (including your objectives, financial situation or needs) and you should therefore consider its appropriateness in light of your objectives, financial situation and needs, before acting on it.
Star Stocks Investment Performance Disclosure
01/09/1995 is that date of inception of the Star Growth Stocks notional portfolio.
07/08/2012 is the date of inception of the Star Income Stocks notional portfolio.
The Star Stock criterion has not remained constant but has been revised and updated over time. The quoted performance reflects actual Star Stock recommendations as they have been published to the public in real time and have not been retrospectively implemented.
Star Stock Past performance: Star Stock (encompassing Star Growth and Star Income) returns were calculated by Lincoln as a measure of the historical performance of the strategy for the notional portfolio, reflecting the changes in recommendations and the performance of them over time and do not represent an actual investment. Equity investments are volatile and go up and down. Past performance is not a reliable indicator of future performance and should not be relied upon.
The performance over the stated time period/s reflects the capital return and dividend income paid on a notional portfolio that is equally invested in each Star Stock. The portfolio is rebalanced to equal weight exposure when the composition of the notional portfolio changes, in other words, when a Star Stock is entered or removed from the portfolio. Dividend distributions are reinvested in the specific investments which generate the distribution on the appropriate ex-entitlement dates.
Transactions are calculated at the closing prices for the next trading day and it is assumed there is sufficient market liquidity to make the required trades at this price. Transaction costs of 0.2% on each purchase and sale have been incorporated into the performance figure. The calculation makes no allowance for other distributions, government charges or tax, or annual subscription fees payable to Lincoln. To simplify the calculations, it is also assumed that stocks can be purchased at a fraction of a share.
Performance varies positively and negatively month to month reflecting the volatility of the equities’ asset class. Therefore, no performance figure should be taken as a reliable indicator of future performance.
The Portfolio Constructor
The Portfolio Constructor generates a hypothetical portfolio based on a specific profile selected by the user (e.g. Aggressive – Growth Focus, Balanced – General Focus, etc.) This profile is determined by the user and may or may not be appropriate for the user (for example, a user may wish to run the Constructor numerous times using different investor profiles). This tool is for research purposes only and any output is not a recommendation to buy, sell or hold any stock, and does not suggest appropriate weightings. Rather, the companies highlighted align with Lincoln’s investment approach and are displayed relative to the risk, return and income preference identified as objectives of the profile selected.
For an explanation of Lincoln’s Investment Process click here. To learn more about the Constructor click here.
The Portfolio Optimiser
The Portfolio Optimiser produces a list of suggested stocks (“Optimised suggestions”) that may be considered as part of a portfolio. The inclusion of a stock is not a recommendation to buy the stock. Rather, the inclusion of a stock in the list of “Optimised suggestions” means that the stock aligns with Lincoln’s investment approach and relative to the risk, return and income preference identified as objectives of the profile selected are stocks to consider for further research. This does not necessarily mean that the portfolio or the stock is appropriate for the user.
For an explanation of Lincoln’s Investment Process click here. To learn more about the Optimiser click here.
The Status (shown as green, orange or red indicators) as used in thee Portfolio Constructor and Optimiser is not a recommendation to buy, hold or sell any particular stock. Rather, the Status shows how a particular stock aligns with Lincoln’s investment approach and the relative risk, return and income preferences identified as objectives of the profile selected by the user.
SD30TSR and SDMAX Indicators
The SD30TSR and SDMAX Indicators (Indicators) have been identified through a rigorous research process using historical price data against Star Stock selections. Each Indicator has its strengths and weaknesses. The information contained within the Indicators is for general information purposes only. It is not intended as investment advice, or as recommendations to buy, sell or hold a stock and is not to be relied upon as such.
Past performance is not an indication of future returns.
For further information on the Indicators click here for our Stock Exit/Re-entry Strategies White Paper.
Contact our office should you require assistance on how to apply these indicators correctly or click here for the SDMAX help file and/or click here for the SD30TSR help file.
Lincoln specifically disclaims any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with access to, or use of the Portfolio Constructor, Portfolio Optimiser, and Indicators.
Except as provided by consumer protection law, under no circumstances will Lincoln Indicators and its related companies be liable for any loss or damage caused by a client’s use or access to the Portfolio Constructor, Portfolio Optimiser and Indicators.
Information about financial services we provide
Please refer to our Financial Services Guide that sets out information about Lincoln Indicators Pty Ltd and the services we (or our representatives) offer under an Australian Financial Services Licence (AFSL 483167) issued to Lincoln Financial Group Pty Ltd (ABN 70 609 751 966). It will assist you in deciding whether to obtain financial services from us.
Lincoln Managed Funds
This website contains references to Lincoln Australian Growth Fund, Lincoln Australian Income Fund and the Lincoln U.S. Growth Fund Hedged and Lincoln U.S. Growth Funds Unhedged (the ‘Funds’). The Investment Manager of the Funds is Lincoln Indicators Pty Ltd as Corporate Authorised Representative of Lincoln Financial Group Pty Ltd. The Responsible Entity of the Funds is Equity Trustees Limited ABN 46 004 031 298, AFSL 240975.
None of Lincoln Indicators Pty Ltd, Lincoln Financial Group Pty Ltd, Equity Trustees Limited or their directors, employees or agents guarantees the performance or repayment of capital or income invested either of these Funds. Investments can go up and down. Past performance is not a reliable indicator of future performance.
Lincoln Indicators Pty Ltd, as Investment Manager, will be remunerated on the basis of funds invested in either of these Funds.
Lincoln also has an arrangement with the Wealthtrac Portfolio Service and the operators of any master trust, wrap account or IDPS that makes the Funds available to investors, and will receive remuneration for its investment management and associated administration services. This remuneration will usually be a percentage of the monies invested.
Before you acquire any financial product or service
Before making a decision about whether to acquire or continue to hold a product or service (including one of the Funds, a master trust, wrap account or Investor Direct Portfolio Service (IDPS), you should read and consider the relevant Fund’s Product Disclosure Statement (PDS) and Reference Guide (where relevant) or other disclosure documents relevant to the master trust, wrap account or IDPS.
Lincoln Indicators Pty Ltd, Lincoln Financial Group Pty Ltd, any employees and/or associates of these entities, may hold interests in ASX listed companies referred to on this website. This position could change at any time without notice.
Third Party Data Carrier Disclaimer
You acknowledge that Lincoln obtains data from carriers such as the Australian Securities Exchange Ltd, ASX Operations Pty Ltd and other relevant exchanges and bodies. Lincoln will not be liable to you for any failure to supply the data provided by the above-mentioned carriers or any failure in the operation of the software where that failure arises as a result of any non-supply of the necessary data from the appropriate carrier. You must not supply any of the data provided by one of the above-mentioned carriers to any other person. The material supplied by ASX Operations Pty Ltd is subject to a claim of copyright and is published under licence from that company. ASX Operations Pty Ltd shall be under no liability whatsoever for any loss suffered by any person, whether arising from negligence or otherwise from the use of or results obtained from material supplied by ASX Operations Pty Ltd.
Foreign Exchange, International Commodities and International Indices information in the software is made available under licence from InfoDirect Limited (a New Zealand registered company numbered 664861).
ASX-listed company data is copyright and provided by Morningstar Australasia Pty Ltd (“Morningstar”) © 2014 ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc). All rights reserved. The data and content are provided by Morningstar, its affiliates or associated content providers. None of Morningstar, its affiliates and their content providers guarantee the data to be accurate, complete or timely nor will they have any liability for its use or distribution. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 (‘ASXO’).
Consensus target data is copyright, Thomson Reuters. All Rights Reserved. Use, duplication or sale of this service or data contained herein is strictly prohibited.
InfoDirect Limited, Morningstar and Thomson Reuters are each a third party data carrier under this agreement.
Data provided by a third-party data carrier must not be reproduced, rewritten, copied, re-sold, re-distributed, framed, linked, or made available to any other person.
Neither Lincoln nor any third-party data carrier will be liable to you for any failure to supply the data provided by the third-party data carrier or any failure in the operation of the software where that failure arises as a result of any non-supply of the necessary data from the appropriate carrier.
Neither Lincoln nor any third-party data carrier will be under any liability whatsoever for any loss suffered by any person whether arising from negligence or otherwise for any errors or omissions in, delay or interruption to, or for the use of or results obtained from, data supplied by a third-party data carrier.