Dear Smart Dividend Portfolio member,
As background:
- The Smart Dividend Portfolio ended 2025 with a cumulative S$122,000 in cash injected.
- For 2026, the portfolio will receive S$5,000 per quarter for a total of S$20,000 as outlined in our Look Ahead Letter (link HERE).
- So far, it has received S$15,000, including S$5,000 on 1 July 2026.
Below is a summary of The Smart Dividend Portfolio.
Considerations for stock allocation
The portfolio sizes its positions based on the planned capital injection of S$142,000, which provides a stable base for position sizing.
There are currently 24 stocks in The Smart Dividend Portfolio.
The portfolio expects to eventually have between 27 and 30 stocks.
If we use a hypothetical figure of 30 stocks, the average allocation per stock would be S$4,733 (S$142,000 divided by 30), or 3.3% of the portfolio (100 divided by 30).
Keep this average figure in mind, as it serves as the yardstick for comparison in the portfolio’s position sizing.
- An allocation exceeding S$4,733 indicates an above-average position.
- An allocation below this figure indicates a smaller position.
The Smart Dividend Portfolio will size its allocations differently according to risk and reward — as outlined in our stock-buying strategy lesson.
Finding the right mix
As a reminder, The Smart Dividend Portfolio is built on a solid base of income-producing stocks, followed by a layer of growth stocks and a select few speculative companies, as shown below.
For July 2026, the portfolio will top up its Income Stock segment.
Specifically, the portfolio will be adding to its positions in Income Stocks CapitaLand Ascendas REIT (SGX: A17U) and Mapletree Logistics Trust (SGX: M44U).
These transactions will be executed from 15 July 2026 onwards.
At current prices, the portfolio will be putting around S$988 to work.
Adding to two Income Stocks
For Income Stock CapitaLand Ascendas REIT, or CLAR, the portfolio’s current allocation is 4%, as of 7 July 2026.
There is room for increasing the portfolio allocation for a REIT that is aggressively rejuvenating its portfolio — at the same time, we expect the new assets to start delivering income.
Check out July 2026’s Top Favourite Stocks HERE for more details on CLAR.
Meanwhile, Income Stock Mapletree Logistics Trust, or MLT, could be on the cusp of delivering a clean distribution per unit growth for the current fiscal year ending 31 March 2027.
It’s not a certainty, of course.
Thus, the portfolio is moving slowly in adding to its MLT position.
As of 7 July 2026, the portfolio’s allocation is only 2.3%, so slowly bumping up its portfolio contribution is not a risky move.
Check out July 2026’s Top Favourite Stocks HERE for more details on MLT.
For all the previous specific allocation plans and portfolio transactions, click HERE.
Disclosure: Chin Hui Leong and Joanna Sng own all the companies mentioned.
