CAREportfolio
About CAREphilosophy
Key Facts
| Management Expense Ratio | 0.297% p.a |
|---|---|
| Inception Date | 30 April 2015 |
| Growth / Defensive Asset Split | 72%/28% |
| Suitability | Advised Client Only |
| Platform Availability | BT, Hub24, Netwealth |
| Benchmark | Australian Fund Multisector Balanced |
Australian Fund Multisector Balanced
(Morningstar Peer Group average return)
Strategy Overview
Investment Objective
The CAREportfolio Balanced Strategy aims to provide investors a total return comprising capital growth and income equal to or greater than CPI + 4.5%.
- Fees provided in this table is GST inclusive and does not take into consideration of any Reduced Input Tax Credits (RITC) that may be provided by platforms.
CAREportfolio Balanced
CARE Balanced (50% AEQ - 50% IEQ)
| 3 Month | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| CAREportfolio Balanced | -1.10% | 10.06% | 9.99% | 7.30% | 7.37% | 7.96% |
| Benchmark | 0.40% | 8.61% | 8.06% | 5.07% | 5.07% | 6.25% |
2 Returns are based on model portfolio, benchmark allocation and assumes investment over the period ending. Returns for periods longer than 1 year are annualised. The E (enhanced) component is assumed to be 50% Australian Equities and 50% International Equities. Past performance is not indicative of future performance. The CARE portfolio returns are before tax, adviser fee, and platform fees however net of investment management fees. Returns are based on: C, A and E only – RESERVES is not factored into the return series.
Asset Allocation
| Percentage | |
|---|---|
| Australian Share | 22.50% |
| International Shares | 28.00% |
Top 10 Equity Holdings
Top 10 Australian Equity Exposure
| 1. | Commonwealth Bank of Australia | 2.61% |
|---|---|---|
| 2. | BHP Group Ltd | 2.45% |
| 3. | Westpac Banking Group | 1.18% |
| 4. | National Australia Bank Ltd | 1.10% |
| 5. | ANZ Group Holdings Ltd | 0.99% |
| 6. | Macquarie Group Ltd | 0.94% |
| 7. | Wesfarmers Ltd | 0.97% |
| 8. | Woodside Energy Group Ltd | 0.56% |
| 9. | Rio Tinto Ltd | 0.54% |
| 10. | Goodman Group | 0.54% |
Top 10 International Equity Exposure
| 1. | Microsoft Corp | 0.55% |
|---|---|---|
| 2. | NVIDIA Corp | 0.42% |
| 3. | Meta Platforms Inc | 0.32% |
| 4. | Amazon.com Inc | 0.31% |
| 5. | Apple Inc | 0.21% |
| 6. | Alphabet Inc | 0.19% |
| 7. | Block Inc Class A | 0.14% |
| 8. | Mastercard Inc | 0.11% |
| 9. | Eli Lilly & Co | 0.11% |
| 10. | United Health Group Inc | 0.08% |
Monthly Commentary
Geopolitical developments across the Middle East remained a central focus for investors and continued to drive elevated volatility across commodity and currency markets in April. Share markets around the world bounced strongly from the weakness seen in March on optimism of a de-escalation of tensions. The ASX200 increased 2.18% and international markets as measured by the MSCI World Index increased by 4.44%. Bond yields across the globe increased due to higher inflation readings. In Australia, economic data suggests a further slowdown through to the end of 2026. The RBA has increased monetary policy by 0.75% in response to inflation that was elevated even before the Middle East conflict.
In the US, despite firm economic growth, consumer confidence is at or close to an all-time low. The employment data show that the jobs market has softened considerably, and real household disposable income is flatlining. Leading measures point to higher goods inflation ahead while services inflation should remain contained in the near term, as the labour market is near equilibrium. Investors are coming to grips with the new Federal Reserve chairman - Kevin Warsh.
China's GDP growth was 5.0% in the first quarter, which was at the high end of the GDP growth target of 4.5-5.0%. This was a good outcome.
DWA Managed Accounts Pty Ltd
The world economy has found some calm in the eye of the energy storm. However, it is far from safe harbour. The ongoing Strait of Hormuz blockade remains the dominant market driver because there is no clear endgame in sight while the buffer from global oil inventories is shrinking quickly. As a result, crude oil prices are edging higher, weighing on both global bond and equity markets.