OptiMix Australian Shares
1 | 2 | 3 | 4 | 5 | 6 | 7 | |
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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.
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.
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.
The Fund is intended to be suitable for investors seeking a diversified portfolio of Australian shares.
3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
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Fund | 0.77% | 4.19% | 4.19% | 12.10% | 10.36% | 5.63% | |
FE Sector | 1.36% | 4.34% | 4.34% | 12.48% | 10.86% | 6.33% |
31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | ||
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Fund | -0.77% | 15.11% | -0.18% | 22.09% | -6.14% | |
FE Sector | -1.68% | 16.69% | 2.21% | 20.68% | -4.91% |
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.
Australian shares | 100.00% |
The asset allocations shown may not total 100% due to the effects of rounding
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.
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.