Daedalus Income Portfolio: $1.885M Valuation After August 2026 Update

# Overview July 2026 valued at $1.850 million (SGD) and closed August 2026 at $1.880 million — a 1.6% increase (about $30,000). The author reports portfolio values in Singapore dollars because that is the likely spending currency. Returns for the underlying funds are shown in USD so they can be compared directly to major index ETFs used as benchmarks. As of 5 September 2026, the portfolio value is reported at $1.885 million.

# Portfolio change and reporting approach The author distinguishes between the holdings they actually own (fund table) and benchmark ETFs (major index ETF table) that are only used for performance comparison. Dimensional fund returns and other fund returns are expressed in USD to make month-to-month and year-to-date comparisons consistent across holdings and benchmarks.

# Attribution — why the portfolio moved Equity markets bounced in August. The S&P 500 rose 2.7% for the month, with technology accounting for roughly three-quarters of that gain. Software stocks jumped 16% in August and helped growth lead value: the Russell 1000 Growth Index outpaced Value by about 170 basis points (3.7% vs 2.0%). Semiconductors were volatile, ending the month with a small gain despite stronger intra-month moves.

Japan's market was comparatively strong. The Nikkei gained around 4% in August and is up about 32% year-to-date, closing the month at 66,311. That performance outpaced the Nasdaq 100 and the S&P 500 for the month. Small-cap indexes also continued to climb: the Russell 2000 rose about 1.4% in August and leads year-to-date returns at roughly +20.2%, with the Russell MicroCap up about 24% YTD.

# Market context that affected the portfolio

• Energy had a stronger monthly move (~7%) but a smaller index impact because of lower weight.
• Market leadership shifted back toward growth in August after a rotation in July.

# Concrete figures referenced

• Portfolio: $1,850,000 (end July) → $1,880,000 (end August) = +$30,000 (1.6%).
• Reported portfolio value as of 5 Sep 2026: $1,885,000 (SGD).
• S&P 500 August close: 7,686.
• Nasdaq August close: 26,370.
• Dow August close: 53,185.

# Practical takeaways for readers If you follow this portfolio: the month's gain was driven by external market movement—chiefly a technology-led rebound and strong performance in Japan and small caps—rather than cash flows or tactical changes noted in the summary. The author uses USD returns for fund comparability and SGD for portfolio valuation, which matters if you track performance across currencies.

# Next steps noted by the author The author intends to provide periodic updates when work allows and references prior posts that explain the portfolio construction and the reasons for selecting specific funds. Those prior posts are the detailed references for readers who need the framework behind holdings and allocation choices.