OnePath International Shares Index (Unhedged)

 

Features

Information

APIR codeMMF1694AU
Minimum suggested Investment time frame7+ years
Growth/defensiveGrowth 100%
FE fundinfo sectorEquity - Global
Income distribution frequencyQuarterly
Total fees and costs as at 9 February 20220.31% pa
Fund size$215.42m
Inception date15 November 2010

Investment minimums

Please refer to PDS 

Pricing

Price date31/03/2022
Entry$3.9706
Exit$3.9724

Standard risk measure

1 2 3 4 5 6 7
Standard Risk Measure

A Standard Risk Measure score of 5 equates to a Risk Label of 'Medium to High' and an estimated number of negative annual returns over any 20 year period of 3 to less than 4. This is a measure of expected frequency (not magnitude) of capital losses, calculated in accordance with ASFA/FSC guidelines.

Investment objective

The fund seeks to track the returns (income and capital appreciation) of the MSCI World ex-Australia (with net dividends reinvested) hedged into Australian dollars Index, before taking into account fees, expenses, and tax.

Investment strategy

The fund meets its investment strategy by investing in the OnePath International Shares Index Fund, forward foreign exchange contracts and futures. The fund is exposed to all of the securities in the index most of the time, allowing for individual security weightings to vary marginally from the index from time to time. The fund may be exposed to securities that have been removed from or are expected to be included in the index.

Investor profile

The Fund is intended to be suitable for investors seeking to track the returns (income and capital appreciation) of the MSCI World ex-Australia (with net dividends reinvested) hedged into Australian dollars Index.

Research house ratings

Rating

LonsecRecommended

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
Fund-8.41%-1.89%-8.41%11.21%12.36%12.30%
FE Sector-7.98%-4.08%-7.98%5.74%10.09%10.25%

Calendar Performance

Performance Bar chart
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31/12/202131/12/202031/12/201931/12/201831/12/2017
Fund28.92%5.16%27.23%1.00%12.73%
FE Sector22.52%5.43%23.88%-1.89%15.20%

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 31/03/2022

Breakdown pie chart
International shares99.91%
Cash and short-term securities0.09%

Actual versus target asset allocation as at 31/03/2022

Manager diversification within each asset class as at 31/03/2022

Breakdown pie chart

Top holdings - International shares as at 31/03/2022

Apple Inc.4.96%
Microsoft Corporation3.80%
Amazon.com, Inc.2.57%
Tesla Inc1.59%
Alphabet Inc. Class A1.45%
Alphabet Inc. Class C1.38%
NVIDIA Corporation1.18%
Meta Platforms Inc. Class A0.92%
UnitedHealth Group Incorporated0.83%
Johnson & Johnson0.81%

Market and portfolio review

The portfolio provides exposure to developed market countries, excluding Australia, with a focus on large- and mid-cap equities. Exposure to the financials sector (-0.43%), consumer staples sector (-0.26%), and communication services sector (-0.23%) detracted from absolute performance. Health care was the largest contributor to positive overall performance during the period (+0.17%), followed by energy (+0.17), and utilities (+0.05%). From a country perspective, Japan was the largest detractor (-0.28%), followed by the UK (-0.14%), and Germany (-0.14%). Among individual securities, Tesla Inc. was the largest contributor to absolute performance (+0.26%) while Bank of America Corp. was the largest detractor on an absolute basis (-0.05%).

Future investment strategy

The Portfolio will continue to seek investment results that, before expenses, correspond generally to the underlying index. The Portfolio management team works closely with index providers to monitor any index methodology changes. There have been no changes to the objectives of this mandate as at 31 March 2022 and we do not currently anticipate any future changes.

Value and cyclical stocks could outperform in the short run as markets digest the Fed’s hawkish pivot but we anticipate defensive sectors such as IT, communication services, health care, real estate and consumer staples are likely to outperform modestly over the full year.

NameOnePath International Shares Index (Unhedged)
PDSPDS
TMDTMD
ChartChart

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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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