Home

GSS Balanced Index Model

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106457-2022-11-08-02:27.pdf
FUND MANAGER Netwealth
ASX Code
APIR MACC000144
ASSET CLASS SEPARATELY MANAGED ACCOUNTS
INVESTMENT STYLE

The strategy is to invest in a diversified portfolio of managed funds across a range of asset classes

INVESTMENT PROFILE

To exceed the Morningstar Australia Balanced Target Allocation NR AUD Index, before fees and costs, over a rolling 5-year period

CURRENCY MANAGEMENT Active Management
INCEPTION DATE
BENCHMARK Morningstar Australia Balanced Target Allocation NR AUD Index
FUND SIZE Morningstar Australia Balanced Target Allocation NR AUD Index
DISTRIBUTION FREQUENCY The model income setting is to accumulate income
NO. OF HOLDINGS 5 to 8
FEES Nil
STRUCTURE

Benefits

Benefits

Netwealth was founded in 1999 to provide investors with a better way to save for, invest and protect their current and future wealth and financial wellbeing. Netwealth provides a range of innovative and award-winning investment, superannuation and technology solutions and is a wholly-owned subsidiary of Netwealth Group Limited.

Drawing on its skills as an investment administrator, Netwealth provides diversified investment portfolios based on long term strategic asset allocations and investment in passive indexed based investments within each asset class. As Model Manager, Netwealth implements the investment strategy of the GSS Managed Models using asset allocation advice from an external Investment Consultant and invests in the Netwealth Global Specialist Series single sector index funds, each of which is a managed investment scheme of which Netwealth is the responsible entity.

RISK LEVEL Risk band 5 - Medium to high
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

Distribution of income
The model income setting for the models described in this document is to accumulate income.

This means income from investments held in your managed account accumulates in the form of cash and, as a result, the allocation to cash in the model is increased. The income remains as cash until the Model Manager alters the allocation to investments held in the model.

If you set your income instruction in your managed account to reinvest in the Managed Account, then the amount of cash remaining in your managed account following receipt of income in relation to the assets in your managed account is consistent with the increased cash allocation in the model and no rebalance transactions are likely to occur as a result of the income distribution until the Model Manager determines how to use the additional cash.

If you set your income instruction in your managed account to pay to your platform account cash account, you are instructing us as platform operator to make a partial redemption from your managed account. As a result, following receipt of income in relation to the assets in your managed account, there will be less cash in your managed account than the cash allocation in the model. Your managed account is rebalanced and investments are sold across all the models you hold to satisfy the increased cash allocation.

Our estimates of the cash fee, international securities fee (if applicable), indirect costs (if applicable) and transaction costs that apply for the current financial year are set out in the Managed Models Menu.

Mandate

The strategy is to invest in a diversified portfolio of managed funds across a range of asset classes. The model uses a strategic asset allocation (‘SAA’) that provides long term exposures to each asset class through a passive underlying investment strategy. Over the economic cycle, the asset allocation is expected, on average, to be approximately 70% to defensive assets and 30% to growth assets. The SAA is generally reviewed yearly which involves generating expected returns, correlations and risk for each asset class. Reviews may result in changes to the strategic asset allocation. The model is typically re-weighted back to the SAA every six months.

  1.  
Asset class 

Minimum
asset
allocation
(%)
Strategic
asset
allocation
(%)
Maximum
asset
allocation
(%)
Australian equities 

5 17 42
International equities

11 34 55
Australian property

0 0 13
Australian fixed interest 

2 19 40
International fixed interest

5 28 42
Cash  1 2 10