OptiMix Australian Fixed Interest
Features
Information
Investment minimums
Pricing
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
This fund aims to achieve returns (before fees, charges and taxes) that exceed the Bloomberg AusBond Composite (All Maturities) Index, over periods of three years or more.
Investment strategy
The fund invests predominantly in a diversified portfolio of Australian fixed interest securities 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 fixed interest.
Research house ratings
Rating
Meet the manager(s)
Cumulative performance
| 3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
|---|---|---|---|---|---|---|---|
| Fund | -2.51% | 1.82% | 1.82% | 1.76% | -3.35% | 0.01% | |
| FE Sector | -1.27% | 1.62% | 1.62% | 0.99% | -1.69% | 0.26% |
Calendar Performance
| 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | ||
|---|---|---|---|---|---|---|
| Fund | -9.81% | -2.73% | 3.63% | 6.04% | 3.29% | |
| FE Sector | -6.55% | -1.49% | 2.91% | 4.36% | 1.38% |
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
| Australian fixed interest | 100.00% |
Actual versus target asset allocation as at 30/06/2023
Market and portfolio review
For the month of December 2022
Both Western and Janus Henderson outperformed the benchmark in the December quarter with Janus Henderson performing slightly better than Western.
Future investment strategy
For the month of December 2022
Over the year ending December 2022 both managers subtracted value from their overweight credit position. Credit spreads widened over the year as the market adjusted to aggressive Central Bank policy designed to slow over-heating economies.