Hawking Portfolio Review: 1 December 2023

Santa’s Coming To Town, Christchurch, New Zealand.

The Hawking Portfolio is another portfolio that I haven’t reviewed for some time (4 months) – so it’s about time for an update.

The Hawking is essentially a Buy-And-Hold portfolio built from Closed-End-Funds (CEFs) that doesn’t require much attention other than to re-invest dividends every month. Current holdings look like this:

and performance, over the past 3 years, looks like this:

with the portfolio outperforming the benchmark AOR Fund by ~6% – so a very respectable performance over a difficult period (through the 2022 downturn)

The portfolio is presently holding ~$4,000 in cash (from dividends) since I have been pre-occupied with other things and haven’t found the time to re-invest since the last review. I will be checking dividend/pricing to NAV values over the next few days to decide where to re-invest the money. Meanwhile, this has probably been the best performing portfolio over this 3-year period, despite the fact that volatility is a little higher than other portfolios – but the ~10% annualized dividend yield (usually paid monthly) is nice for anyone looking for income.