Multi asset diversified portfolio with managed funds and EFTs. Strategic asset allocation that provides long term exposure to each asset class. Allocation approximately 15% defensive assets and 85% growth assets.

Aims to match/outperform the benchmark after fees over a rolling 5 year period.

Distributions:

• The model income setting for the models is to accumulate income, so cash remaining in your managed account, following receipt of income in relation to assets in your managed account is consistent with the increased cash allocation in the model. 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.

Other Benefits

• BlackRock has exposure to a wide range of diverse funds in multiple asset classes, such as Managed funds, ASX listed ETFs and cash.
• The Group assigns ESG investment categories to the underlying funds on the BISP. The model manager takes into account environmental, social, ethical issues and labour standards when selecting, retaining and realising the underlying funds from the BISP.
• Where an existing underlying fund is deemed no longer suitable, BlackRock will use reasonable efforts to divest or otherwise respond to the change within a reasonable period (Such as the following re-balance date).
• The exclusionary screens vary between underlying funds and do not guarantee the underlying funds will exclude certain types of investments that might be deemed contrary to traditional ESG principles.
• The Group relies on third party index providers for ESG data which is used to undertake exclusionary screens on investments within the indexes tracked by the underlying funds. If Data is incomplete, inaccurate or unavailable, the screens may not exclude the issuer or company.
• The Group does not apply it’s ESG investment strategy and process to cash as an asset class.
• Netwealth does not undertake any initial or ongoing ESG assessment of underlying funds in the model.

The fund is suitable for an ethical investor, geared towards accumulating wealth over a rolling 5 year time period

ESG Investment Strategy and Process

The BlackRock ESG Screened Managed Models predominantly invest in Managed funds and EFT’s (Exchange Traded Funds) the BlackRock Group has already approved for inclusion on it’s BlackRock Sustainable Investing Platform (BSIP). The BSIP comprises a suit of underlying funds issued by BlackRock which uses third-party ESG data as a portfolio construction input. BlackRock assigns one of its ESG categories to each underlying Fund on the BISP. The Group select funds that have been classified as ‘Screened’ or ‘Uplift’, which meet the considered description:

Screened: Underlying Funds that seek to use exclusionary screens to avoid issuers or companies that engage in certain activities such as oil and natural gas reserves, thermal coal-based power generation, controversial weapons, tobacco, and United Nations Global Compact Violations.

Uplift: Underlying Funds that seek to invest in issuers or companies that can demonstrate improved ESG characteristics (such as Higher ESG or lower carbon footprint) when compared to the funds stated universe or benchmark.

Thematic: Underlying Funds that seek to make investments in issuers or companies whose business models target and drive long-term sustainability outcomes.

Impact: Underlying Funds that seek to invest in issuers that generate positive, measurable, and additional sustainability outcomes.

About BlackRock

BlackRock's purpose is to help people experience financial well-being. As a fiduciary to investors and a provider of financial technology, BlackRock helps millions of people build savings that serve them throughout their lives by making investing easier and more affordable.

BlackRock Australia's Multi-Asset Strategies and Solutions team ('MASS team') is responsible for the management of the BlackRock GSS Managed Models. This integrated team of investment strategists and portfolio managers is part of BlackRock's global multi-asset team, with the professionals responsible for these models based in Sydney, Melbourne, Singapore and Hong Kong. The MASS Australia team has managed multi-asset portfolios since 1992 and manages over A$60 billion in assets across its diversified funds range, model portfolios, absolute return strategies and custom mandates.