Australian Equities Portfolio NZD - IOOF QuantPlus - Quarterly update
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IOOF QuantPlus Australian Equities Portfolio NZD Quarterly update For the period ended 31 March 2015
Contents
Overview 2
Portfolio at glance 3
Performance 4
Sector allocation 6
Overview
At IOOF, we have been helping Australians secure their The QuantPlus team at IOOF aims to achieve an optimal risk
financial future since 1846. During that time we have grown and return outcome through efficient exposure to a highly
into one of Australia's leading providers of quality financial diversified portfolio of assets. They seek to obtain a premium
services. Through our investment management expertise, from holding securities with different risk characteristics than
we offer a range of highly rated investment products utilising those provided by the most commonly used indices by
a range of investment philosophies including multi-manager, employing a quantitative process with a qualitative overlay,
quantitative and qualitative investing as well as sector specific together with a variety of trading strategies.
investments expertise through Perennial Investment Partners.
This report outlines the performance and asset allocation
of the Australian Equities Portfolio – previously referred
to as the Plan B, Australian Core Equities Portfolio.
2
IOOF QuantPlus | Australian Equities Portfolio NZD: Quarterly update – March 2015
Portfolio at a glance
The portfolio seeks to achieve long term capital growth Weighted average portfolio characteristics
through structured exposure to listed equities in Australian
markets. The Portfolio seeks returns by maintaining an Portfolio Benchmark
exposure to firms with either smaller capitalisation or greater
Market Cap ('000) 52,936 63,515
value. To manage the risks associated with these exposures
the portfolio maintains a high level of diversification. At least Price to Book 1.8 2.1
80 per cent of net assets will be invested in securities or Price to Earnings 15.4 15.9
depository receipts of companies and property trusts listed
Price to Earnings FY1 15.9 16.9
on the Australian stock exchange.
Dividend Yield (%) 4.3 4.2
Fast facts
Fund size $525,694,811.05
(NZD)
Management 0.25%
fees and
expense"
Inception date Jun-05
Number of 360
holdings
Benchmark S&P/ASX 300 Index
Tracking error Upper tracking error limit for the portfolio
against its benchmarks is five per cent.
Composition of Australian Equities Portfolio versus benchmark by size
Large
Mid
Small
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Australian Equities Portfolio S&P/ASX 300
3
Performance
Gross performance
3 month 6 month 1 year 3 years 5 years
% % % % pa % pa
Australian Equities Portfolio (gross return) 7.49 2.95 8.49 5.96 3.08
S&P/ASX 300 7.33 3.05 8.63 7.30 3.27
Outperformance 0.16 -0.10 -0.14 -1.34 -0.19
Net performance
3 month 6 month 1 year 3 years 5 years
% % % % pa % pa
Australian Equities Portfolio (net return) 7.42 2.82 8.22 5.70 2.82
S&P/ASX 300 7.33 3.05 8.63 7.30 3.27
Outperformance 0.09 -0.23 -0.41 -1.60 -0.45
Performance figures are calculated using month end unit prices. Past performance is not predictive of future performance.
Top ten holdings
% of portfolio allocation % of benchmark allocation
Commonwealth Bank of Australia 8.42 10.01
Westpac Banking Corporation 7.76 8.12
Australia and New Zealand Banking Group Limited 6.71 6.69
National Australia Bank Limited 6.03 6.17
BHP Billiton Limited 4.13 6.58
Telstra Corporation Limited 3.81 5.10
Macquarie Group Limited 1.60 1.68
Wesfarmers Limited 1.60 3.27
Rio Tinto Limited 1.55 1.65
Insurance Australia Group Limited 1.39 0.94
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IOOF QuantPlus | Australian Equities Portfolio NZD: Quarterly update – March 2015
Contributors to the portfolio
Top 10 contributors to return Total return of Average portfolio Contribution to
for the quarter share for quarter allocation portfolio return
% % %
Westpac Banking Corporation 15.55 7.35 1.08
Commonwealth Bank of Australia 8.44 8.34 0.69
Australia and New Zealand Banking Group Limited 11.09 6.46 0.69
National Australia Bank Limited 11.63 5.87 0.66
Macquarie Group Limited 27.98 1.42 0.35
Telstra Corporation Limited 5.23 3.94 0.25
BHP Billiton Limited 5.54 4.18 0.23
Toll Holdings Limited 48.52 0.50 0.19
Incitec Pivot Limited 24.14 0.76 0.17
AGL Energy Limited 12.87 1.19 0.15
Detractors from the portfolio
Top 5 detractors from return Total return of Average portfolio Contribution to
for the quarter share for quarter allocation portfolio return
% % %
Fortescue Metals Group Ltd -29.55 0.38 -0.14
Bluescope Steel Limited -27.04 0.33 -0.10
Woodside Petroleum Ltd -6.97 1.10 -0.10
Bradken Limited -62.05 0.09 -0.09
Metcash Limited -18.70 0.23 -0.06
5Sector allocation
To ensure that the Australian Equities portfolio remains diversified and is not over exposed to any one sector, the active weight
of each Global Industry Classification Standard (GICS) sector to the benchmark is maintained within ±10 per cent.
50
40
30
Australian Equities Portfolio
S&P/ASX 300
20
10
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6This document is issued by IOOF Investment Management Limited (IIML) ABN 53 006 695 021, AFS Licence No. 230524. IIML is a company within the IOOF Group of companies
which consists of IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate. IIML’s contact details can be found on www.ioof.com.au. Past performance is not a
reliable indicator of future performance. The information contained in this document is believed to be correct at the time of publication, however to the extent permitted by
law, no liability is accepted for any loss or damage as a result of any reliance on the information it contains. The information provided is general in nature and has been prepared
INV-514
without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your
own circumstances or consult a financial planner. QuantPlus is a trade mark of IOOF Investment Management Limited.You can also read
