GSS Growth Index Model
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/106458-2024-04-11-02:27.pdf |
FUND MANAGER | Netwealth |
ASX Code | |
APIR | MACC000145 |
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 Growth Target Allocation NR AUD Index, before fees and costs, over a rolling 5-year period. |
CURRENCY MANAGEMENT | Active Management |
INCEPTION DATE | |
BENCHMARK | Morningstar Australia Growth Target Allocation NR AUD Index |
FUND SIZE | Morningstar Australia Growth 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 4 - Medium |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
Distribution of 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.
|