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International Equities Portfolio – Amendments

FCX USCMG US

We are taking a ~30% profit in Freeport -McMoran (FCX US) to utilise the funds elsewhere.

FCX US
MM are selling FCX US in the International Equities Portfolio, taking profit around US$50
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Freeport-McMoRan (FCX US)

We are buying Mexican Restaurant chain Chipotle (CMG US) into it’s recent ~35% correction.

CMG US
MM are buying CMG US in the International Equities Portfolio, allocating 6% around $US1541
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Chipotle Mexican (CMG US)
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