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Investment
Retirement Portfolio Resilience is the discipline of helping investors remain financially and emotionally invested throughout retirement, regardless of the path markets take.
Gyrostat specialises in Retirement Portfolio Resilience.
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Returns in rising and falling markets.
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15-year track record with no quarterly loss exceeding 3%.
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Portfolio construction designed to reduce the impact of major stock market falls.
The Prudent Stewardship of Retirement Capital
Every retirement portfolio should deliberately consider four complementary functions:
Growth — Long-term capital appreciation.
Defensive — Capital stability and liquidity.
Retirement Income — Sustainable retirement cash flow.
Retirement Portfolio Resilience — Helping investors remain financially and emotionally invested throughout retirement despite adverse market paths.
These functions are complementary rather than competing.
Why Retirement is different
Retirement investing presents challenges that differ fundamentally from wealth accumulation.
During accumulation, ongoing contributions, time and the ability to recover from market declines provide natural mechanisms for managing investment risk. As investors transition into retirement, those natural buffers decline while withdrawals and sensitivity to losses become increasingly important.
Sequence of returns risk is a mathematical reality. It cannot be controlled — only planned for.
At the same time, investor behaviour is predictable: periods of significant market decline can increase loss aversion and the pressure to make decisions that may impair long-term retirement outcomes.
The math of sequence risk. The behavioural response.
Retirement Portfolio Resilience addresses the portfolio-construction challenges created by sequencing risk, behavioural survivability and changing market environments.
Retirement Portfolio Resilience addresses the portfolio-construction challenges created by sequencing risk, behavioural survivability and changing market environments.
Gyrostat Class A performance compared with worst 6 quarters from the ASX accumulation index (since Fund inception December 2010)
| Period | ASX accumulation return | Gyrostat Class A return |
|---|---|---|
| Apr - Jun 2022 | -11.90% | +8.70% |
| Jan - Mar 2020 | -23.10% | +9.22% |
| Oct - Dec 2018 | -8.24% | +4.18% |
| Jul - Sep 2015 | -6.58% | -0.26% |
| Jul - Sep 2011 | -8.17% | +1.29% |
How does Gyrostat construct its Portfolio?
The portfolio combines listed Australian equities with the Retirement Portfolio Resilience Overlay.
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Invest primarily in large-cap Australian equities and the Australian index, with international exposure limited to 15%.
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Embed downside protection at the stock-specific level.
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Reset the Retirement Portfolio Resilience Overlay as market conditions change.
Retirement Portfolio Resilience: Retirement (Class A) and Accumulation (Class B)
Class A is designed for use within retirement portfolios where sequencing risk, behavioural survivability and resilience across changing market environments are important portfolio-construction considerations.
Class A has three key features:
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Lower risk than the ASX 200 — 15-year track record with no quarterly loss exceeding 3%.
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A track record of increasing in value during major market falls.
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Absolute returns with a track record of increasing with market volatility.
Gyrostat Class A performance compared with worst 5 quarters from the ASX accumulation index (since Fund inception December 2010)
| Period | ASX accumulation return | Gyrostat Class A return |
|---|---|---|
| Apr - Jun 2022 | -11.90% | +8.70% |
| Jan - Mar 2020 | -23.10% | +9.22% |
| Oct - Dec 2018 | -8.24% | +4.18% |
| Jul - Sep 2015 | -6.58% | -0.26% |
| Jul - Sep 2011 | -8.17% | +1.29% |
Class A: Absolute return income equity
Target returns: 6-8% pa in trending markets> 8% in changing markets
Target Income: BBSW3M +3% pa paidquarterly (Currently 7.47% pa)
Class Inception: 10 December 2010
| As at 31 August 2026 | 3M | 1 Yr p.a. | 2 Yr p.a. | 3 Yr p.a. | 5 Yr p.a. |
|---|---|---|---|---|---|
| Class A | -0.33% | 6.98% | 9.37% | 8.36% | 9.65% |
| BBSW 3M + 3% | 1.85% | 7.14% | 7.27% | 7.35% | 6.39% |
| Excess Returns | -2.18% | -0.16% | 2.10% | 1.01% | 3.26% |
Class B – Accumulation Portfolio
Class B is designed for accumulation portfolios, supporting long-term capital growth while applying Gyrostat's disciplined risk-management and portfolio-construction framework.
Class B: Leveraged absolute return income equity
Target returns: Minimum BBSW3M + 6%
Target Income: BBSW3M +6% pa paidquarterly (Currently 10.47% pa)
Class Inception: 13 April 2021
| As at 31 August 2026 | 3M | 1 Yr p.a. | 2 Yr p.a. | 3 Yr p.a. | 5 Yr p.a. |
|---|---|---|---|---|---|
| Class B | -1.81% | 8.20% | 11.14% | 9.70% | 10.49% |
| BBSW 3M + 3% | 1.85% | 7.14% | 7.27% | 7.35% | 6.39% |
| Excess Returns | -3.66% | 1.06% | 3.87% | 2.35% | 4.10% |
Portfolio construction across market conditions:
Portfolio construction should reflect how markets actually behave.
Different investment approaches perform differently as market conditions change.
Gyrostat is designed to complement other portfolio managers by responding differently across falling, volatile, stable and rising market environments.
The objective is not to predict which market environment comes next, but to construct portfolios that are less dependent on any single market path.
Portfolio structure should address uncertainty — not attempt to predict it
