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Macro Associates Pty Ltd

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Recent Performance*	3 years	Inception*
International	9.5%	12.6%
Core International benchmark**	10.6%	13.3%
Tactical Growth	4.8%	7.0%
Tactical Growth benchmark**	5.1%	5.2%

* Inception returns are per annum. The above returns include trading and investment costs but not administration fees. Note individual client performance will vary based on the amount invested, ethical overlays and the date of purchase. Past performance is not an indication of future performance. **Tactical growth benchmark is Australian Inflation (CPI) + 4.5% Core international benchmark is the MSCI World Index

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