Page 2 - Private Wealth Specialist Growth Moderate PDF Factsheet
P. 2

Performance history

       $100,000 invested since 24/03/2022
        $110000





        $100000




              Mar 22                      Sep 22                    Mar 23                      Sep 23
                                                                            24/03/2022 - 31/12/2023 Powered by data from FE fundinfo
         Portfolio
         Benchmark
       Managed portfolio holdings³

       Holding                                                              Asset class                 Allocation (%)
       Betashares Westn Asset Aus Bond Fund (Managed Fund) Betashares West As  Australian Fixed Interest       23.4
       Vanguard All-World Ex-Us Shares Index Etf Vanguard All-World Ex-Us Sha  International Equities           9.2
       Magellan Asset Management Ltd (Core Series) Mfg Core Infrastructure Fu  Australian Equities              9.0
       Activex Ardea Real Outcome Bond Fund (Managed Fund) Active X Ardea RL  International Fixed Interest      8.0
       Betashares Active Australian Hybrids Fund (Managed Fund) Betashares Ac  Australian Fixed Interest        8.0
       Betashares Australian Major Bank Hybrids Index Etf Betashares Australi  Australian Fixed Interest        7.9
       Ishares Global 100 Etf Ishares Global 100 Etf                        International Equities              6.5
       Ishares S&P 500 Etf                                                  International Equities              5.6
       Vanguard Msci Australian Small Companies Index Etf Vanguard Msci Austr  Australian Equities              4.0
       Cash Account                                                         Cash                                2.1
       Ampol Limited Ordinary Fully Paid                                    Australian Equities                 1.1
       CAR Group Limited Ordinary Fully Paid                                Australian Equities                 1.1
       Breville Group Limited Ordinary Fully Paid                           Australian Equities                 1.1
       Downer Edi Limited Ordinary Fully Paid                               Australian Equities                 1.1
       Aristocrat Leisure Limited Ordinary Fully Paid                       Australian Equities                 1.0
       Domino's Pizza Enterprises Limited Ordinary Fully Paid               Australian Equities                 1.0
       GQG Partners Inc. Cdi 1:1 US Person Prohibited Excluding Qib         Australian Equities                 1.0
       Macquarie Group Limited Ordinary Fully Paid                          Australian Equities                 1.0
       James Hardie Industries PLC Chess Depositary Interests 1:1           Australian Equities                 0.9
       Nextdc Limited Ordinary Fully Paid                                   Australian Equities                 0.9
       Resmed Inc Cdi 10:1 Foreign Exempt NYSE                              Australian Equities                 0.9
       TPG Telecom Limited. Ordinary Fully Paid                             Australian Equities                 0.9
       Mineral Resources Limited Ordinary Fully Paid                        Australian Equities                 0.9
       CSL Limited Ordinary Fully Paid                                      Australian Equities                 0.9
       Corporate Travel Management Limited Ordinary Fully Paid              Australian Equities                 0.9
       Treasury Wine Estates Limited Ordinary Fully Paid                    Australian Equities                 0.8
       South32 Limited Ordinary Fully Paid                                  Australian Equities                 0.8


       Quarterly manager commentary

       Market Update
       A bumper quarter for markets following an exceptional November and December. Incredibly, this followed on from a very poor October and a weak
       August and September, as investors tried to get their head around the ever-changing inflation and central bank outlook whilst almost cheering on the
       “soft landing” path.

       Inflation data was mixed for the quarter both within and across countries and regions. Inflation continued to fall quickly in the Eurozone, whilst US
       inflationary pressures seem to get stuck before again making more in-roads downwards toward target. A combination of a smaller fall in Australian
       inflation and continued economic resiliency (wages, retail sales) forced the new RBA governor’s hands in pushing through a rate increase that caught
       many by surprise.

       That change in sentiment and expectations, along with concerns regarding US government debt levels (and hence bond issuance volumes) pushed
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