OptiMix Conservative

 

Features

Information

APIR codeMMF1783AU
Minimum suggested Investment time frame5+ years
Growth/defensiveGrowth 37% / Defensive 63%
BenchmarkABS Consumer Price + 3%
FE fundinfo sectorMixed Asset - Moderate
Income distribution frequencyQuarterly
Total fees and costs as at 9 February 20221.35% pa
Fund size$11.38m
Inception date15 November 2010

Investment minimums

Please refer to PDS 

Pricing

Price date31/03/2022
Entry$1.6380
Exit$1.6386

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 on average exceed inflation by at least 3.0% p.a., over periods of ten years or more.

Investment strategy

The fund invests in a diversified portfolio of Australian and international assets through a mix of managers, with a bias towards defensive assets. 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 well-diversified portfolio.

Research house ratings

Rating

LonsecInvestment Grade

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-2.51%-0.90%-2.51%2.98%3.26%3.50%
FE Sector-2.33%-1.30%-2.33%1.96%2.83%3.01%

Calendar Performance

Performance Bar chart
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31/12/202131/12/202031/12/201931/12/201831/12/2017
Fund6.21%1.53%9.01%0.13%5.00%
FE Sector5.02%1.76%8.07%-0.47%4.63%

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 shares11.18%
International shares11.97%
Diversified fixed interest41.69%
Australian property2.91%
Alternative - growth8.93%
Alternative - defensive18.00%
Cash and short-term securities1.18%
Listed Infrastructure3.01%
Emerging Markets1.13%

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 Ltd0.98%
Commonwealth Bank of Australia0.60%
National Australia Bank Limited0.53%
CSL Limited0.49%
Transurban Group Ltd.0.40%
Macquarie Group Limited0.39%
Australia and New Zealand Banking Group Limited0.26%
Westpac Banking Corporation0.24%
Woolworths Group Ltd0.23%
Telstra Corporation Limited0.22%

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

Microsoft Corporation0.63%
Apple Inc.0.40%
Amazon.com, Inc.0.39%
UnitedHealth Group Incorporated0.26%
Alphabet Inc. Class A0.24%
Visa Inc. Class A0.20%
Alphabet Inc. Class C0.19%
NVIDIA Corporation0.17%
Nestle S.A.0.16%
Mastercard Incorporated Class A0.15%

Market and portfolio review

The Fund performed inline with the benchmark over the March quarter with contribution from dynamic asset allocation and a detraction from manager selection. Manager selection detracted value predominantly within the Alternative Growth and the emerging markets Trusts. Managers contributing to this were GMO within Alternative Growth, and TT international within emerging markets. Positive contributions within managaer selection came from MBA (global listed infrastructure) and Royal London in the international sector. DAA was a contributor coming from an overweight to global listed infrastructure and Alternative Defensive Trusts.

Future investment strategy

Market volatility heightened in the first quarter of 2022 as the war in Ukraine emerged. Investors are focused on the impact of the war on commodity and energy prices, and ultimately higher inflation and rising interest rates. The result will and has been increased volatility and diverging company performance.

At times of heightened volatility, we believe it is valuation discipline that matters most, with the price you pay the key determinant of future returns.

Our investment philosophy remains unchanged. Our focus remains on identifying skilled investment managers with a long-term horizon, rather than trying to maximise exposure to a particular sector or benchmark risk. In our opinion, this is what leads to long-term outperformance and why we believe our active approach will continue to benefit our clients over time.

The Fund outperformed its benchmark for the year by 1.5% (gross of fees). Both manager selection and tactical asset allocation added value over the year. The main contibutors to manager selection outperformance was within the Alternative Growth Trust, international equities, global listed infrastructure, diversifed fixed interest and global smaller companies Trust.The main contributors to manager alpha were, Anchorage, Alphinity, Royal London, Stone Harbor, and Arrowstreet. TAA was also a contributor coming from an underweight to cash and an overweight to global equities and global property and infrastructure. Having an underweight to the Australian dollar also contrbuted.

NameOptiMix Conservative
PDSPDS
TMDTMD
ChartChart

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

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

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