OptiMix Australian Shares




APIR codeMMF1658AU
Minimum suggested Investment time frame5+ years
Growth/defensiveGrowth 100%
BenchmarkS&P ASX 300
FE fundinfo sectorEquity - Australia
Income distribution frequencyQuarterly
Total fees and costs as at 9 February 20221.15% pa
Fund size$11.57m
Inception date15 November 2010
Establishment Fee (pa)0.00%

Investment minimums

Please refer to PDS 


Price date30/06/2023

Standard risk measure

1 2 3 4 5 6 7
Standard Risk Measure

A Standard Risk Measure score of 6 equates to a Risk Label of 'High' and an estimated number of negative annual returns over any 20 year period of 4 to less than 6. This is a measure of expected frequency (not magnitude) of capital losses, calculated in accordance with ASFA/FSC guidelines.

Investment objective

The fund aims to achieve returns (before fees, charges and taxes)
that exceed the S&P/ASX 300 Accumulation Index, over periods of five years or more.

Investment strategy

The fund invests predominantly in a diversified portfolio of Australian shares through a mix of managers. The fund is actively managed in accordance with the OptiMix Multi-manager investment process.

Investor profile

The Fund is intended to be suitable for investors seeking a diversified portfolio of Australian shares.

Research house ratings



Meet the manager(s)

NameIOOF Investment Team
BiographyOur impressive investment capabilities are driven by our investment team and structure. Each asset class has a dedicated portfolio manager who enjoys strong support from a host of support staff including analysts and investment specialists. Furthermore, the team benefits from the strong support of our additional research capabilities, namely through our asset consultant.
PhotoIOOF Investment Team

Cumulative performance

ResetPerformance line chart
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3 months6 monthsYear to date1 year3 years pa5 years pa
FE Sector1.45%4.63%4.63%13.91%12.43%7.23%

Calendar Performance

Performance Bar chart
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FE Sector-0.93%18.71%2.59%22.72%-5.29%

Performance is net of management costs and expenses. Performance is based on exit price to exit price for the period and assumes that all distributions are reinvested. Management costs and other expenses are accounted for in the exit price. Past performance is not a reliable indicator of future performance.

The performance data has been sourced by FE fundinfo.

Asset allocation as at 30/06/2023

Breakdown pie chart
Australian shares100.00%

Actual versus target asset allocation as at 30/06/2023

Manager diversification within each asset class as at 30/06/2023

Breakdown pie chart

Top holdings - as at 31/12/2022

Bhp Group Ltd
Csl Limited
Commonwealth Bank Of Australia
National Australia Bank Limited
Transurban Group Ltd.
Macquarie Group, Ltd.
Woodside Energy Group Ltd
Westpac Banking Corporation
Woolworths Group Ltd
Telstra Corporation Limited

Market and portfolio review

Over the December quarter, the Fund underperformed the benchmark. The main detractors were Quest and Alliance Bernstein. Quest provides exposure to companies that have quality and growth characteristics, which as an investment style has significantly underperformed the benchmark. The manager's underperformance was mostly due to stock selection within the materials, energy and industrial sectors. Alliance Bernstein's underperformance was due mainly to stock selection and being underweight in materials. Acadian outperformed its small cap benchmark, however, the small cap benchmark underperformed the broader market (S&P/ASX 300) over the quarter.

Future investment strategy

Over the year ending December '22, the strategy outperformed the benchmark. The S&P/ASX Small Ords index significantly underperformed the broader market, while the portfolio's dedicated small cap manager, Acadian, produced strong outperformance relative to its small cap benchmark. Alliance Bernstein, Northern Trust and Quant Plus produced strong outperformance relative to the S&P/ASX 300. An overweight to energy and stock selection within information technology and being underweight real estate were the main contributors to the fund's outperformance.

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OneAnswer Frontier Pension is issued by OnePath Custodians Pty Limited (OnePath Custodians) ABN 12 008 508 496 AFSL 238346.

The information provided in this table is a brief outline of the major features of OneAnswer Frontier Pension. It is intended as a quick and easy reference source for investors. The table should not be used as a substitute for reading the appropriate Product Disclosure Statement (PDS) prior to you making any decision to invest through OneAnswer Frontier Pension.

This information is of a general nature and has been prepared without taking into account of your objectives, financial situation or needs. You should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. We recommend that you read the relevant Product Disclosure Statement (PDS) available here, or by calling 133 665 before deciding whether to acquire, or to continue to hold, the product.

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