SMA model portfolio specialists
Managing SMA model portfolios for over 20 years^
Intuitive and robust approach
Seeking to uncover what we believe are the best opportunities, by combining scientific rigor with human judgement
Repeatable process
Aiming for carefully delivered and consistent excess returns over the long term
^ Experience relates to Macquarie’s tenure in managing SMAs previously out of the Banking and Financial Services Group and now out of Macquarie Asset Management.
Macquarie Core Australian Equity SMA Strategy
| Fund facts | |
| Investment objective | The Macquarie Core Australian Equity SMA Strategy aims to outperform the S&P/ASX 200 Accumulation Index (Benchmark) over a rolling five year period (before fees and costs). |
| Benchmark | S&P/ASX 200 Accumulation Index |
| Portfolio manager | Derek Bilney |
| Inception date* | 30 April 2004 |
| Management fee | Please refer to the relevant PDS |
| Minimum investment | Please refer to the relevant PDS |
*Until 17 December 2017, the strategy was managed with a fundamental approach. From 18 December 2017, the strategy was restructured such that it is managed with a quantitative, systematic investment approach.
Read the relevant Product Disclosure Statement (PDS) for more details on fees and expenses that may be charged.
The performance information is based on a Model Portfolio. The information does not take into account differences between the Model Portfolio and the actual portfolio implemented by the operator of the managed account or expenses or other costs.
The performance of the managed account will differ to that of the Model Portfolio (and may differ significantly) due to factors including an incomplete implementation of all trades, the timing of trades, the individual circumstances of an investor as well as the fees, expenses and other costs charged by the operator of the managed account.
The fee that has been applied to net performance is 0.615% (inclusive of GST) which is the fee applicable to the Macquarie Core Australian Equities SMA available through the Macquarie Wrap and Macquarie Wrap Super platforms.
Past performance is not a reliable indicator of future performance. The SMA’s investment strategy changed effective 18 December 2017. Until 17 December 2017, the strategy was managed with a fundamental high conviction approach. From 18 December 2017, the strategy was restructured such that it is managed with a quantitative, systematic investment approach.
* Inception date of the SMA was 30 April 2004.
** Net returns are quoted after the deduction of a management fee of 0.615% (inclusive of GST) which is the highest management fee applicable for an SMA managed in accordance with the Macquarie Core Australian Equity SMA Strategy. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions. Due to individual investor circumstances (including different management fees), the net returns may differ from the net returns quoted above.
*** The Benchmark is the S&P/ASX 200 Accumulation Index.
Risks
All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying assets. Generally, the higher the potential return of an investment, the greater the risk. The risks of investing in the Macquarie Core Australian Equity SMA Strategy include:
Market risk: Share markets can be and have been volatile, and have the potential to fall by large amounts over short periods of time. The investments of the Strategy are likely to have a broad correlation with share markets in general, and hence poor performance or losses in domestic and/or global share markets are likely to negatively impact the overall performance of the Strategy.
Investment risk: The Strategy has exposure to share markets. The risk of an investment in the Strategy is higher than an investment in a typical bank account or fixed income investment.
Security specific risk: Securities and the companies that issue them are exposed to a range of factors that affect their individual performance. These factors may cause an investment’s return to differ from that of the broader market. The Strategy may therefore underperform the market and/or its peers due to its security specific exposures.
Implementation risk: The performance of an investor’s managed account will differ to that of the Model Portfolio (and may differ significantly) due to factors including an incomplete implementation of all trades, the timing of trades, the individual circumstances of an investor as well as the fees, expenses and other costs charged by the operator of the managed account.
Information on the risks of investing in SMAs are contained in the relevant Product Disclosure Statement for the SMA, which should be considered before deciding to invest in the Macquarie Core Australian Equity SMA Strategy.
Please contact one of the investment platforms listed below for more information.
For further information on how the portfolios are managed
Macquarie Asset Management
Client Service
mam.clientservice@macquarie.com
PO Box R1723
Royal Exchange,
NSW 1225, Australia
For enquiries call
Toll free: 1800 814 523
International: +61 2 8245 4900
Monday – Friday 8:30am to 5:30pm (Sydney time)
Available investment platforms
- MyNorth
- North
- Macquarie Wrap
1 The rating issued for the Macquarie Core Australian Equity SMA Strategy [assigned 09/2023] is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.
2 The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned June 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
This information has been prepared by Macquarie Investment Management Global Limited (ABN 90 086 159 060 AFSL 237843) (MIMGL). MIMGL is part of the Macquarie Group of companies. This is general information only and does not take account of the investment objectives, financial situation or needs of any person. It should not be relied upon in determining whether to invest in a managed account. In deciding whether to acquire or continue to hold an investment in a managed account, an investor should consider the disclosure document issued by the managed account provider and obtain financial, legal and taxation advice before making any financial investment decision. This information does not constitute an offer to invest in a particular product. This information is intended for recipients in Australia only.