Maqro Capital Pty Ltd (ABN 50 615 683 442) is a Corporate Authorised Representative (No. 124 9634) of Sanlam Private Wealth Pty Ltd (AFS License No. 337927). Any advice contained in this email is general advice only and has been prepared without considering your objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. You should not rely on any advice contained in this email and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Our trade recommendations within our Maqro Model Portfolios contain hypothetical or simulated trades. Results based on simulated or hypothetical performance results have certain inherent limitations. Simulated returns are purely hypothetical and are in no way a historical record. They are only intended as an illustration of what might have happened if these model portfolios were available on and since the respective launch dates. Different assumptions would produce different simulated results. As the trades were not actually executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

Performance data shown assumes that securities are held for the specified time period, based on entry to exit price and entry and exit criteria and excludes any entry fee or exit fee (when applicable) or the effect of dollar costs, inflation, taxation, broker fees, interest on margin, or membership fees. Returns are historical. Investment returns are volatile and future performance is not guaranteed. Performance figures are updated at irregular intervals and may not show the most recent data.

*Brokerage rates starting from $4.99/trade - please refer to our Financial Services Guide for full brokerage schedule via our dedicated broking partner, Openmarkets Group.

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