Disclosure: This article documents my personal portfolio and investing process. It is general information only and does not take your objectives, financial situation or needs into account.
When I published my last portfolio update on 24 April 2026, the central message was simple: the income kept arriving while capital values began to recover.
Seven weeks later, the recovery has continued. My MyIncomeFactory portfolio was worth $674,845.77 on 12 June 2026, compared with $655,433.97 in the April update.
That is a point-in-time increase of $19,411.80, or roughly 3.0%. But that is not the same as saying the portfolio earned $19,411.80. Contributions, withdrawals, purchases, sales and cash transfers can all change portfolio value.
Sharesight’s performance calculation gives the cleaner answer. From 24 April to 12 June 2026, the portfolio generated a total return of $10,364.04, or 1.56%.
Portfolio impact summary
| Question | MyIncomeFactory result |
|---|---|
| Portfolio value on 12 June 2026 | $674,845.77 |
| Change from the 24 April snapshot | +$19,411.80 |
| Sharesight total return since 24 April | +$10,364.04, or 1.56% |
| Income received over the period | $2,620.63 |
| Capital gain over the period | $7,743.05 |
| Main positive contributors | Direct shares and income holdings |
| Area still requiring attention | Listed credit funds and transaction reconciliation |
The return has changed character
In the April update, income had produced almost the entire positive result for 2026. Capital gains were only $257.40, while dividends and other income had reached $13,008.85.
Since then, capital values have joined the effort. Sharesight recorded $7,743.05 of capital gain and $2,620.63 of income from 24 April to 12 June. Currency movement was negligible at $0.36.
For an income investor, that is a healthy development. I do not need capital growth every month, but it is useful when the assets producing the income also become more valuable. The portfolio is no longer relying almost entirely on distributions to stay positive.
How each portfolio bucket changed
| Portfolio bucket | 24 April 2026 | 12 June 2026 | Change in value |
|---|---|---|---|
| Passive ETFs | $242,100.79 | $244,170.37 | +$2,069.58 |
| Direct Shares | $109,919.87 | $117,093.75 | +$7,173.88 |
| Income Holdings | $205,941.74 | $214,223.15 | +$8,281.41 |
| Credit Funds | $96,592.51 | $96,386.98 | -$205.53 |
| Cash | $879.06 | $2,971.52 | +$2,092.46 |
| Total Portfolio | $655,433.97 | $674,845.77 | +$19,411.80 |
These are changes in bucket values, not pure investment returns. They may also reflect trading and cash movements. Even so, they show where the portfolio’s weight has shifted since the last update.
Direct shares delivered the strongest return
The direct-share bucket produced a 3.23% return from 24 April to 12 June. Capital gains contributed 2.78% and income added 0.45%.
The strongest percentage performers included Steadfast Group (SDF), Dicker Data (DDR), Wesfarmers (WES), Suncorp (SUN), Credit Corp (CCP) and New Hope (NHC). SDF’s sharp rise followed the takeover approach announced in June, which also creates a future reinvestment question if the holding is ultimately converted to cash.
Not every holding participated. AGL, Viva Energy, Telstra and Woodside were weaker over this short period. That dispersion is exactly why I keep individual positions controlled: a few poor performers should not be able to derail the income plan.
Income holdings remain the portfolio’s core engine
The income bucket finished at $214,223.15 and returned 1.79% over the period. Capital gains contributed 1.35%, with income adding 0.44%.
Soul Patts (SOL) was a key positive contributor. JPEQ, HYLD, BKI, AUI and VHY were also positive. The weaker end included Whitefield Income (WHI) and Whitefield Industrials (WHF).
This bucket still does what I want it to do: provide meaningful cash flow without giving up all prospect of capital growth. It is now the second-largest portfolio sleeve after passive ETFs and remains central to the Income Factory strategy.
Passive ETFs were steady, with VGS leading
The passive ETF bucket returned 0.85%. There was no recorded distribution income during this particular period, so the result came from capital movement.
VGS was the standout with a 5.58% return. VSO, VLC, A200 and VAS were also positive, although more modestly.
That is a useful reminder that broad-market ETFs do not have to be exciting to earn their place. They provide diversification, liquidity and a base of market exposure around the more income-focused holdings.
Credit income improved, but listed prices remain the risk
Credit funds returned 0.87% from 24 April to 12 June. Income contributed 1.22%, partly offset by a 0.35% capital decline.
MOT, GCI, La Trobe, Plenti and the smaller private-credit positions continued to produce income. KKC and MRE remained under pressure from listed-market pricing.
The lesson has not changed: a fund can keep paying distributions while its market price falls. Yield alone is not enough. I still need to monitor distribution coverage, net asset value, credit quality, liquidity and whether any apparent discount reflects a real deterioration in the underlying assets.
The 2026 year-to-date picture
For the calendar year from 1 January to 12 June 2026, Sharesight now reports:
- Capital gain: $9,002.30
- Income: $15,354.55
- Currency movement: -$1.38
- Total return: $24,355.47, or 3.67%
The portfolio’s 3.67% total return is close to the 3.75% VDHG benchmark over the same calendar-year period. The composition is different: MyIncomeFactory produced a higher income contribution, while VDHG relied more heavily on capital growth.
What I am watching next
- SDF reinvestment risk: a completed takeover could remove a dividend holding and create cash that needs a new home.
- Credit-fund discounts: I want to distinguish temporary listed-price weakness from genuine deterioration in credit quality.
- Income pace: the portfolio has produced more than $15,000 in calendar-year income, but distribution timing is uneven and should not be extrapolated mechanically.
- Position concentration: VAS, VHY and SOL remain large holdings, so their distributions and capital movements have an outsized portfolio impact.
MyIncomeFactory verdict
The portfolio has made useful progress since April. It is worth almost $19,500 more, but the more meaningful figure is the $10,364.04 investment return calculated by Sharesight.
The portfolio generated another $2,620.63 of income while capital gains became the larger contributor. Direct shares and income holdings led the recovery, passive ETFs remained steady, and credit funds continued to demonstrate both the value and the risk of listed income investments.
The April story was that income kept the portfolio moving while markets were unsettled. The June story is better balanced: the income machine is still working, and capital growth is now helping as well.
Figures are based on my Sharesight portfolio as at 12 June 2026 and remain subject to transaction reconciliation. Past performance is not a reliable indicator of future performance.