Aims to provide positive returns of 6% per annum above Australian inflation (before fees) over the medium term. Inflation is defined as the Consumer Price Index (CPI) as measured by the Reserve Bank of Australia Trimmed Mean, as published by the Australian Bureau of Statistics.

Benefits

• Transparency: View all investments, transactions and fees securely online, allowing you and your adviser to see
  exactly what you own and track changes in your Portfolio(s).
  
  
• Portability: Where permitted, transfer securities (held in the same name) into and out of your SMA Account without it resulting in a capital gains tax event.
  
  
• Segregated tax position from other investors: To the extent that your Portfolio holds direct equities, your tax position is not affected by the decisions of other investors within the SMA
  
  
• Professional investment management: You are relieved of the day to day decision making responsibilities associated with managing an investment portfolio.
  
  
• Diversification: The more diversified the SMA Model Portfolio, the less risk of the investor being over-exposed to the performance of any single investment holding.
  
  
• Hassle free ownership: We look after all of the administration of your Portfolios, including tax record keeping, receipt of dividends, mail, corporate actions, and reporting.
  
  
• Customisations: Ability to restrict certain securities or sectors from being included in your SMA Account.
  
  
• SMSFs: Suitable investment solution for self managed super funds (SMSFs).
  
  
• Income election: Elect to have any dividends, distributions, other corporate action proceeds and interest from the SMA transferred to your Platform Account to facilitate any regular withdrawal plans. Refer to your Eligible Platform provider for further details.
  
  
• Automatic cash management: Manage the cash balance in your Platform Account through automated buying and selling of the SMA Model Portfolios. Refer to your Eligible Platform provider for further details.

Significant features

• Beneficial ownership of the investments within each SMA Model Portfolio.
  
  
• Choice of Investment Managers, SMA Model Portfolios and investment styles.
  
  
• An SMA Account can be funded by cash, and in some instances by transferring an existing portfolio of securities, a margin loan, or a combination of these. Please refer to your Eligible Platform provider for more information on which funding methods are available.
  
  
• The reporting you will be provided will be as per your Eligible Platform standard reporting options.
  
  
• The tax accounting method used within each Portfolio to calculate capital gains or losses will ordinarily be First in First Out (FIFO). This means the first parcel of an asset purchased is treated as being sold first. We may change the capital gains treatment at our discretion and without notice to you

The Macquarie Evolve Growth Multi-Asset Model Portfolio is designed for investors with tolerance for volatile returns in the short term and seeking higher medium-term real returns generated through a dynamic multi-asset strategy with a higher exposure to growth assets.

What are the Macquarie Evolve Multi-Asset Portfolios?

Driven by the desire to improve investment outcomes the Macquarie Evolve Multi-Asset Portfolios ("Evolve Portfolios) offer investors the opportunity to benefit from an actively managed dynamic multi-asset core, complemented by a satellite allocation to low cost passive strategies.

The dynamic active core is an investment solution which captures the best ideas of Macquarie Investment Management with the aim of delivering stable real returns, while managing downside risk, essential within a low yield environment.

Blending this dynamic and active core with low-cost passive satellites provides the flexibility to tailor the portfolios to four key risk profiles while remaining fee conscious.

What is the style of asset allocation?

The Evolve investment process starts with a multi-asset mean variance optimisation approach to determine a Strategic Asset Allocation (SAA) adapted to each of the four risk profiles: Conservative, Balanced, Growth and High Growth. Each SAA utilises key inputs from our time tested proprietary quantitative and qualitative processes to set strategic asset allocation weights every 12 months. Once the SAA weights are set, a tactical asset allocation (TAA) may take place. The TAA is a shorter-term asset allocation decision, which may deviate from the SAA weights, that aims to adapt the portfolio's asset allocation to the investment team's outlook for market over a three to six month time horizon. Finally, using an active core strategy, the Evolve portfolios benefit from a Dynamic Asset Allocation (DAA) which allows the portfolios to take advantage of shorter term market movements as well as, offer protection in periods of volatility. Ultimately, the goal of our asset allocation process is to:

• Tailor each solution to a specific risk profile (see following section for details on the risk profiles) and;

• Seek to achieve the target return, with minimum variance, within the given risk tolerance profile throughout different market cycles.

How we invest your money

The Macquarie Evolve Growth Multi-Asset Model Portfolio takes an alternative and dynamic approach to multi-asset investing with broad diversified exposure to asset classes such as fixed income, equities, listed property, listed infrastructure and alternatives.

This SMA Model Portfolio has exposure to a diversified holding of managed funds consisting of a range of actively managed funds complemented by a satellite allocation to strategies that seek to deliver benchmark returns. The strategy's flexible and dynamic approach seeks to capture a wide spectrum of opportunities while limiting risk.

Indicative asset allocation

• Real return core: 10-55%

• Australian equities: 0-80%

• Australian small capitalisation equities: 0-20%

• International equities: 0-80%

• Emerging market equities: 0-20%

• Australian fixed interest: 0-30%

• International fixed interest: 0-30%

• Global real estate: 0-20%

• Global infrastructure: 0-20%

• Cash: 1-30%