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I haven't published a review of the UK Dividend Stocks Portfolio since the end of 2024, so there's a fair bit to catch up on. The FTSE All-Share's recent strength has left my portfolio in the dust, and it now lags behind the All-Share on a total return basis over 1, 3, 5, and 10 years, and from inception. I think the portfolio's recent underperformance is a short-term issue, caused by four temporary headwinds that shouldn't have a long-term impact.