Dynamic Asset Allocation Fund

Fund Update 30th September 2019

Manager: Calnan Flack

Model Portfolio Name: Dynamic Asset Allocation Fund

Platform: Smartwrap

Investment Objective

The Calnan Flack Dynamic Asset Allocation Index Fund provides investors with exposure to a mix of both capital growth and income assets in an environment where the manager can make changes to the asset allocation.

Review

The Investment Team continues to be pleased regarding the performance and composition of the Calnan Flack Dynamic Asset Allocation Fund.

In keeping with the mandated methodology of investing with a dynamic approach to the underlying asset allocation held in the portfolio, currently higher levels of cash are being held in order to address current short-term market concerns. Longer-term the Investment Team remain confident of continuing price increases of growth assets.

During this quarter’s review of eligible assets by the Investment Team the continued increased maturity of the ETP (Exchange Traded Products) market has provide a greater offering of listed products. The Investment Team are continually considering the new products on offer and assessing whether they can be used to enhance the makeup of the portfolio.

The ongoing development of the ETP market continues to increase the opportunity for the portfolio to undertake tactical asset allocations between assets as derived by market conditions.

Percentage Returns 

Returns 

Holdings – Australian Share Fund

CodeName
AAABETASHARES AUSTRALIAN HIGH INTEREST CASH ETF
BILLISHARES CORE CASH ETF
IAAISHARES ASIA 50 ETF
IJRISHARES S&P SMALL-CAP ETF
IZZISHARES CHINA LARGE-CAP ETF
MVEVANECK VECTORS S&P/ASX MIDCAP ETF
NDQBETASHARES NASDAQ 100 ETF
VAFVANGUARD AUSTRALIAN FIXED INTEREST INDEX ETF

Asset Allocation

Dynamic Asset Allocation Fund Review pdf

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IMPORTANT NOTICE

Performance of your investment in the fund is not guaranteed, past performance is not a reliable indicator of future performance. Percentage returns quotes have been calculated using the Time Weighted Return (TWR) method. Performance is calculated using the closing prices of the portfolio and will include any distributions, income entitlements but excludes franking credits, taxes and fees.
This document provides general information only and has not been prepared having regard to your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation, and needs. No person should act on the basis of any matter contained in this document without obtaining specific professional advice. This is not an offer document and does constitute a recommendation, offer or a solicitation of an offer to buy or sell securities. This material has been prepared as general information only and is only intended to provide a summary of the subject matter covered. Powerwrap Limited (AFSL 329829) is the issuer of the product Smartwrap upon which Calnan Flack Pty Ltd is a model manager. Further information and disclosure of all fees can be found in the Product Disclosure Statement and accompanying Approved Product List available on the Powerwrap website: www.powerwrap.com.au
This document contains or is based upon information that we believe to be accurate and reliable. While every effort has been made to ensure its accuracy Calnan Flack Pty Ltd makes no representations or warranties as to the accuracy of the information presented and takes no responsibility or liability (including for indirect, consequential or incidental damages), for any error, omission or inaccuracy in the data supplied. To the fullest extent allowed by law, Calnan Flack Pty Ltd, PGW Financial Services Pty Ltd, and Powerwrap Limited exclude all liability (whether arising in contract, from negligence or otherwise) in respect of all and each part of the document, including without limitation, any errors or omissions. The price and value of investments and their income will fluctuate.
Calnan Flack Pty Ltd is an Authorised Representative of PGW Financial Services Pty Ltd – AFSL 384713 ABN 15 123 835 441. Copyright © Calnan Flack Pty Ltd 2019. All rights reserved
2019-10-03T17:54:20+11:00

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