OptiMix Property Securities
Features
Information
Investment minimums
Pricing
Standard risk measure
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |
|---|---|---|---|---|---|---|---|
| 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.
Investment objective
This fund aims to achieve returns (before fees, charges and taxes) that exceed the S&P/ASX 300 A-REIT Total Return Index, over periods of five years or more.
Investment strategy
The fund invests predominantly in a diversified portfolio of Australian property securities through a mix of managers. The fund is actively managed in accordance with the OptiMix Multimanager investment process.
Investor profile
The Fund is intended to be suitable for investors seeking a diversified portfolio of Australian property securities.
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Rating
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Cumulative performance
| 3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
|---|---|---|---|---|---|---|---|
| Fund | 0.83% | 11.06% | 0.83% | -10.25% | 13.30% | 2.80% | |
| FE Sector | 0.23% | 9.07% | 0.23% | -10.77% | 11.65% | 4.18% |
Calendar Performance
| 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | ||
|---|---|---|---|---|---|---|
| Fund | -14.94% | 19.99% | -9.44% | 16.31% | -0.80% | |
| FE Sector | -14.91% | 20.81% | -3.38% | 15.75% | 0.20% |
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 31/03/2023
| Australian property | 100.00% |
Actual versus target asset allocation as at 31/03/2023
Top holdings - as at 31/12/2022
Market and portfolio review
SG Hiscock outperformed, whilst relative value manager Renaissance slightly underperformed. At a security level the overweight in Unibail-Rodamco-Westfield and underweight in Dexus added to performance but this was offset by the overweights to GDI Property and Carindale Property coupled with cash drag from holding approximately 2.5% of the fund in cash (which is held in order to provide liquidity).
The S&P/ASX 300 Property Accumulation Index has not been immune to market volatility, returning a negative 20.06% for the year.
Future investment strategy
The Fund outperformed over the year to the end of December 2022 by 4.88%. Being overweight Vicinity and Scentre provided the greatest contribution to performance, while underweight positions in Goodman and Charter Hall also contributed positively to performance.