OnePath Australian Shares Index

 

Features

Information

APIR codeMMF1566AU
Minimum suggested Investment time frame5+ years
Growth/defensiveGrowth 100%
FE fundinfo sectorEquity - Australia
Income distribution frequencyQuarterly
Total fees and costs as at 9 February 20220.3% pa
Fund size$120.00m
Inception date15 November 2010

Investment minimums

Please refer to PDS 

Pricing

Price date31/03/2022
Entry$1.3936
Exit$1.3941

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 return (income and capital appreciation) of the S&P/ASX 300 Index before taking into account fees, expenses, and tax.

Investment strategy

N/A

Investor profile

The Fund is intended to be suitable for investors seeking to track the return (income and capital appreciation) of the S&P/ASX 300 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
Fund2.01%4.18%2.01%14.56%10.24%8.69%
FE Sector0.84%2.46%0.84%13.69%11.25%9.11%

Calendar Performance

Performance Bar chart
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31/12/202131/12/202031/12/201931/12/201831/12/2017
Fund16.80%1.27%22.91%-3.80%11.17%
FE Sector17.74%3.95%22.67%-5.31%11.89%

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
Australian shares99.98%
Cash and short-term securities0.02%

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 - Australian shares as at 31/03/2022

BHP Group Ltd11.35%
Commonwealth Bank of Australia7.82%
CSL Limited5.56%
National Australia Bank Limited4.54%
Westpac Banking Corporation3.68%
Australia and New Zealand Banking Group Limited3.37%
Macquarie Group Limited3.18%
Wesfarmers Limited2.48%
Telstra Corporation Limited2.02%
Woolworths Group Ltd1.96%

Market and portfolio review

The OnePath Australian Shares Index Pool Portfolio returned 2.08% during the three-month period ending 31 March 2022. The portfolio closely tracked its underlying index, the S&P/ASX 300 Index, which returned 2.08% during the same period. The portfolio aims to provide broader exposure to the Australian equity market across large-, mid-, and small-cap equities. The materials sector was the top contributor to absolute performance (+3.44%), followed by the financials sector (+1.17%), and the energy sector (+0.94%). Exposure to the health care sector was the largest detractor from absolute performance (-1.12%), followed by consumer discretionary sector (-0.90%), and the information technology sector (-0.67%). Among individual securities, BHP Group Limited was the largest contributor to absolute performance (+2.32%) while CSL Limited was the largest detractor on an absolute basis (-0.49%). During the quarter, the index had a one-way turnover of 2.73%.

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 Australian Shares Index
PDSPDS
TMDTMD
ChartChart

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The information provided in this table is a brief outline of the major features of OneAnswer Frontier Investment Portfolio. 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 Investment Portfolio.

The information is of a general nature and has been prepared without taking into account your objectives, financial situation and 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 PDS before deciding to acquire, or to continue to hold, the product.

The PDS can be located under the following links: Product Disclosure Statement (Part One) (690kb) and Investment Funds Guide (PDS Part Two) (1,018kb) and should be read in conjunction with the Additional Information Guide.

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