Page 2 - Private Wealth Specialist Growth Moderate
P. 2

Performance history

       $100,000 invested since 24/03/2022
        $105000



        $100000



         $95000

              Mar 22                                 Sep 22                               Mar 23
                                                                            24/03/2022 - 30/06/2023 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       24.0
       Magellan Asset Management Ltd (Core Series) Mfg Core Infrastructure Fu  Australian Equities             10.0
       Vanguard All-World Ex-Us Shares Index Etf Vanguard All-World Ex-Us Sha  International 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        8.0
       Ishares Global 100 Etf Ishares Global 100 Etf                        International Equities              6.0
       Ishares S&P 500 Etf                                                  International Equities              5.0
       Vanguard Msci Australian Small Companies Index Etf Vanguard Msci Austr  Australian Equities              4.0
       Cash Account                                                         Cash                                2.0
       Ampol Limited Ordinary Fully Paid                                    Australian Equities                 0.9
       Aristocrat Leisure Limited Ordinary Fully Paid                       Australian Equities                 0.9
       Breville Group Limited Ordinary Fully Paid                           Australian Equities                 0.9
       Carsales.Com Limited. Ordinary Fully Paid                            Australian Equities                 0.9
       Corporate Travel Management Limited Ordinary Fully Paid              Australian Equities                 0.9
       CSL Limited Ordinary Fully Paid                                      Australian Equities                 0.9
       Domino's Pizza Enterprises Limited Ordinary Fully Paid               Australian Equities                 0.9
       Downer Edi Limited Ordinary Fully Paid                               Australian Equities                 0.9
       GQG Partners Inc. Cdi 1:1 US Person Prohibited Excluding Qib         Australian Equities                 0.9
       James Hardie Industries PLC Chess Depositary Interests 1:1           Australian Equities                 0.9
       Macquarie Group Limited Ordinary Fully Paid                          Australian Equities                 0.9
       Mineral Resources Limited Ordinary Fully Paid                        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
       South32 Limited Ordinary Fully Paid                                  Australian Equities                 0.9
       TPG Telecom Limited. Ordinary Fully Paid                             Australian Equities                 0.9
       Treasury Wine Estates Limited Ordinary Fully Paid                    Australian Equities                 0.9


       Quarterly manager commentary

       Market Update
       The June quarter was a stark reminder that markets can defy economic logic in the short term with data all but confirming looming recession locally
       and globally whilst most asset classes saw reasonable to strong positive returns.

       Central banks grew more hawkish as the quarter went on as inflation remained persistently high in most countries. Whilst headline inflation has
       peaked and continues to fall due to easing energy & food prices and repaired supply chains, core or underlying inflation is falling at a much slower
       pace and reaccelerated higher in some countries during the quarter. Demand remains more resilient than most expected given the extraordinary
       amount of stimulus provided during covid still providing consumers with spending capacity whilst labour markets remain very tight with
       unemployment still extremely low and wages growth remaining elevated. As such, central banks have brought back their tough talking on the fight
       against inflation to ensure that the inflation trajectory continues on a downward path and does not reaccelerate higher like it has in some jurisdictions.
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