altavista income port qtrly update mar15 - praemium€¦ ·...
Post on 03-May-2018
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About the Portfolio The objective of the AltaVista Income Portfolio (the “Model”) is to outperform its benchmark, the RBA Cash Rate plus 4% (Cash +4%), over rolling three year periods. The portfolio seeks a franked income stream from investing in the Australian equity market (excluding property trusts) over at least three to five years and is for investors who accept the risk of price fluctuations. Portfolio Strategy The primary aim of the AltaVista Income Portfolio is to provide the investor with a tax effective and growing income stream sourced primarily from dividend payments by companies listed on the Australian Stock Exchange. Through investing in equity markets there is also the prospect of capital gains over time. The investment objective is pursued by investing in a moderately diversified portfolio of shares, whilst maintaining low portfolio turnover levels. The Model invests in stocks which are expected to pay grossed-up dividend yields (including anticipated special dividends) in excess of the market average over the medium term. A portfolio of these stocks is developed in a manner which aims to ensure that industry exposures are diverse.
Designed for investors who . . . • Seek a tax-‐effective income stream with capital growth
prospects; • Accept the risk that some volatility will be experienced; and • Prefer lower portfolio turnover (approximately 30% per year)
for tax-‐effective performance.
Performance as at 31 March 2015
As at 31 Mar 2015 S&P/ASX 100 Relative
Gross Accum. Index Performance
1 Month Return 0.8% 0.1% 0.6%
3 Month Return 12.3% 10.4% 1.8%
6 Month Return 17.7% 16.1% 1.7%
1 Year Return 17.3% 15.0% 2.3%
3 Year Return % p.a. 14.7% 16.9% -‐2.3%
5 Year Return % p.a. 8.9% 9.1% -‐0.2%
Since Inception % p.a.^ 5.0% 6.4% -‐1.4% Source: Praemium * Shows the difference between Model Portfolio Gross Return and Benchmark Return. ^ 9 August 2006 based on the Van Eyk Income Portfolio. Past performance is no indicator of future performance. Long term performance returns show the potential volatility of returns over time. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Model portfolio composition and performance have been based on theoretical tracking of the model portfolio and are gross of fees and do not take tax positions into account. Please note, actual portfolios may not perform in the same manner as the model depicted in this document, depending on [the nature of your personal Portfolio and any customisations.
Top Ten Holdings
Company %
1 Commonwealth Bank of Australia 10.5%
2 Westpac Banking Corporation 10.3%
3 Australia and New Zealand Banking Group 8.9%
4 National Australia Banking Limited 7.1%
5 Telstra Corporation Limited 6.4%
6 Wesfarmers Limited 4.7%
7 Tatts Group Limited 4.4%
8 Toll Holdings Limited 3.8%
9 Tabcorp Holdings Limited 3.8%
10 IOOF Holdings Limited 3.6%
Portfolio Information
Model Portfolio Name AltaVista Income Code VE 0002 Model Inception Date 27 June 2006 Primary Investment Objective
Growing income stream with some capital growth from
Australian shares over at least 3 to 5
years Can derivatives be used? No Indicative Number of Stocks 15-‐25 Minimum Model Investment No minimum Investment Fee 0.33% p.a. Performance Fee Applicable
11% of outperformance over the benchmark
Benchmark Index 4% above the RBA cash rate after costs
5,000
7,000
9,000
11,000
13,000
15,000
17,000
19,000
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