InvestSMART

InvestSMART Portfolios Quarterly Update - June 2020

InvestSMART Capped Fee Portfolio quarterly updates for June

By ·
13 Jul 2020

Here are the highlights from each of the portfolios. Further information and commentary can be found in the full reports linked.

Contents

 

InvestSMART Conservative Portfolio

Yearly Performance

  • The InvestSMART Conservative Portfolio fell slightly in FY20, down 0.89% (after fees).
  • No changes were made to the portfolio during the year.
  • Estimated yield on the portfolio is currently 2.60%.
  • The Conservative Portfolio slightly underperformed peers in FY20 by 0.27%.

Quarterly Performance

  • The InvestSMART Conservative Portfolio rose strongly in the June quarter, up 4.22% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.60%.
  • The Conservative Portfolio outperformed peers in the final quarter by 0.44%.

Click to read the full report here.

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InvestSMART Growth Portfolio

Yearly Performance

  • The InvestSMART Growth Portfolio fell slightly in FY20, down 2.09% (after fees).
  • No changes were made to the portfolio during the year.
  • Estimated yield on the portfolio is currently 3.42%.
  • The Growth Portfolio outperformed peers in FY20 by 1.04%.

Quarterly Performance

  • The InvestSMART Growth Portfolio rose slightly in the June quarter, up 7.44% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 3.42%.
  • The Growth Portfolio outperformed peers in the final quarter by 0.08%.

Click to read the full report here.

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InvestSMART High Growth Portfolio

Yearly Performance

  • The InvestSMART High Growth Portfolio fell slightly in FY20, down 2.86% (after fees).
  • No changes were made to the portfolio during the year.
  • Estimated yield on the portfolio is currently 3.42%.
  • The High Growth Portfolio outperformed peers in FY20 by 1.44%.

Quarterly Performance

  • The InvestSMART High Growth Portfolio rose strongly in the June quarter, up 9.30% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 3.42%.
  • The High Growth Portfolio outperformed peers in the final quarter by 0.03%.

Click to read the full report here.

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InvestSMART Balanced Portfolio

Yearly Performance

  • The InvestSMART Balanced Portfolio fell slightly in FY20, down 1.33% (after fees).
  • No changes were made to the portfolio during the year.
  • Estimated yield on the portfolio is currently 3.05%.
  • The Balanced Portfolio outperformed peers in FY20 by 0.41%.

Quarterly Performance

  • The InvestSMART Balanced Portfolio rose strongly in the June quarter, up 5.89% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 3.05%.
  • The Balanced Portfolio underperformed peers in the final quarter by 0.08%.

Click to read the full report here.

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InvestSMART Interest Income Portfolio

Yearly Performance

  • The InvestSMART Interest Income Portfolio rose solidly in FY20, up 2.47% (after fees).
  • There were several changes to the portfolio in the third quarter of the Financial Year.
  • Estimated yield on the portfolio is currently 2.07%.
  • Since inception the Interest Income Portfolio has returned 3.27% per annum.

Quarterly Performance

  • The InvestSMART Interest Income Portfolio rose slightly in the June quarter, up 0.77% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.07%.

Click to read the full report here.

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InvestSMART International Equities Portfolio

Yearly Performance

  • The InvestSMART International Equities Portfolio rose 4.22% in FY20 (after fees).
  • No changes were made to the portfolio during the year.
  • Estimated yield on the portfolio is currently 2.45%.
  • The International Portfolio outperformed peers in FY20 by 1.83%.

Quarterly Performance

  • The InvestSMART International Equities Portfolio rose slightly in the June quarter, up 5.34% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 2.45%.
  • The International Portfolio outperformed peers by 0.03% in the quarter.

Click to read the full report here.

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InvestSMART Diversified Property & Infrastructure Portfolio

Yearly Performance

  • The InvestSMART Diversified Property & Infrastructure Portfolio fell 13.40% (after fees), as COVID lockdowns bit into normal operations.
  • No changes were made to the portfolio during the year.
  • Estimated yield on the portfolio is currently 4.90%.
  • The Property and Infrastructure Portfolio outperformed peers in FY20 by a massive 7.37%.

Quarterly Performance

  • The InvestSMART Property and Infrastructure Portfolio rose strongly in the June quarter, up 8.49% (after fees).
  • No changes were made to the portfolio during the quarter.
  • Estimated yield on the portfolio is currently 4.90%.

Click to read the full report here.

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InvestSMART Hybrid Income Portfolio - Commentary by Portfolio Manager Alastair Davidson

  • The InvestSMART Hybrid Income Portfolio total portfolio return was 1.51% for the month including franking credits. The estimated running yield is over 5.0%, and estimated yield to call/maturity is 6.00% including franking credits.
  • The total portfolio return was 6.57% and -0.28% for the quarter and 12-month periods respectively. Since inception the total portfolio return is 3.59% including franking credits, which is -0.69% under its return objective of the RBA Cash rate plus 3%.
  • A large part of the return for June was the result of a distribution from the liquidator of AXLHA (approximately 1%)
  • The trading prices of ASX-listed hybrids increased slightly during June.
  • The RBA maintained the cash rate at 0.25%, with no expectation of negative rates at this stage, though higher levels of uncertainty.
  • There were 4 securities in the portfolio trading ex-distribution with payments expected in July.
  • At end of May the portfolio had a 5.52% allocation to cash.

Click to read the full report here.

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