InvestSMART Portfolios Quarterly Update - June 2020

InvestSMART Capped Fee Portfolio quarterly updates for June

By Evan Lucas · 13 Jul 2020

By Evan Lucas ·
13 Jul 2020

Here are the highlights from each of the portfolios. Further information and commentary can be found in the full reports linked.

Contents

InvestSMART Conservative Portfolio

Yearly Performance

The InvestSMART Conservative Portfolio fell slightly in FY20, down 0.89% (after fees).
No changes were made to the portfolio during the year.
Estimated yield on the portfolio is currently 2.60%.
The Conservative Portfolio slightly underperformed peers in FY20 by 0.27%.

Quarterly Performance

The InvestSMART Conservative Portfolio rose strongly in the June quarter, up 4.22% (after fees).
No changes were made to the portfolio during the quarter.
Estimated yield on the portfolio is currently 2.60%.
The Conservative Portfolio outperformed peers in the final quarter by 0.44%.

Click to read the full report here.

InvestSMART Growth Portfolio

Yearly Performance

The InvestSMART Growth Portfolio fell slightly in FY20, down 2.09% (after fees).
No changes were made to the portfolio during the year.
Estimated yield on the portfolio is currently 3.42%.
The Growth Portfolio outperformed peers in FY20 by 1.04%.

Quarterly Performance

The InvestSMART Growth Portfolio rose slightly in the June quarter, up 7.44% (after fees).
No changes were made to the portfolio during the quarter.
Estimated yield on the portfolio is currently 3.42%.
The Growth Portfolio outperformed peers in the final quarter by 0.08%.

Click to read the full report here.

InvestSMART High Growth Portfolio

Yearly Performance

The InvestSMART High Growth Portfolio fell slightly in FY20, down 2.86% (after fees).
No changes were made to the portfolio during the year.
Estimated yield on the portfolio is currently 3.42%.
The High Growth Portfolio outperformed peers in FY20 by 1.44%.

Quarterly Performance

The InvestSMART High Growth Portfolio rose strongly in the June quarter, up 9.30% (after fees).
No changes were made to the portfolio during the quarter.
Estimated yield on the portfolio is currently 3.42%.
The High Growth Portfolio outperformed peers in the final quarter by 0.03%.

Click to read the full report here.

InvestSMART Balanced Portfolio

Yearly Performance

The InvestSMART Balanced Portfolio fell slightly in FY20, down 1.33% (after fees).
No changes were made to the portfolio during the year.
Estimated yield on the portfolio is currently 3.05%.
The Balanced Portfolio outperformed peers in FY20 by 0.41%.

Quarterly Performance

The InvestSMART Balanced Portfolio rose strongly in the June quarter, up 5.89% (after fees).
No changes were made to the portfolio during the quarter.
Estimated yield on the portfolio is currently 3.05%.
The Balanced Portfolio underperformed peers in the final quarter by 0.08%.

Click to read the full report here.

InvestSMART Interest Income Portfolio

Yearly Performance

The InvestSMART Interest Income Portfolio rose solidly in FY20, up 2.47% (after fees).
There were several changes to the portfolio in the third quarter of the Financial Year.
Estimated yield on the portfolio is currently 2.07%.
Since inception the Interest Income Portfolio has returned 3.27% per annum.

Quarterly Performance

The InvestSMART Interest Income Portfolio rose slightly in the June quarter, up 0.77% (after fees).
No changes were made to the portfolio during the quarter.
Estimated yield on the portfolio is currently 2.07%.

Click to read the full report here.

InvestSMART International Equities Portfolio

Yearly Performance

The InvestSMART International Equities Portfolio rose 4.22% in FY20 (after fees).
No changes were made to the portfolio during the year.
Estimated yield on the portfolio is currently 2.45%.
The International Portfolio outperformed peers in FY20 by 1.83%.

Quarterly Performance

The InvestSMART International Equities Portfolio rose slightly in the June quarter, up 5.34% (after fees).
No changes were made to the portfolio during the quarter.
Estimated yield on the portfolio is currently 2.45%.
The International Portfolio outperformed peers by 0.03% in the quarter.

Click to read the full report here.

InvestSMART Diversified Property & Infrastructure Portfolio

Yearly Performance

The InvestSMART Diversified Property & Infrastructure Portfolio fell 13.40% (after fees), as COVID lockdowns bit into normal operations.
No changes were made to the portfolio during the year.
Estimated yield on the portfolio is currently 4.90%.
The Property and Infrastructure Portfolio outperformed peers in FY20 by a massive 7.37%.

Quarterly Performance

The InvestSMART Property and Infrastructure Portfolio rose strongly in the June quarter, up 8.49% (after fees).
No changes were made to the portfolio during the quarter.
Estimated yield on the portfolio is currently 4.90%.

Click to read the full report here.

InvestSMART Hybrid Income Portfolio - Commentary by Portfolio Manager Alastair Davidson

The InvestSMART Hybrid Income Portfolio total portfolio return was 1.51% for the month including franking credits. The estimated running yield is over 5.0%, and estimated yield to call/maturity is 6.00% including franking credits.
The total portfolio return was 6.57% and -0.28% for the quarter and 12-month periods respectively. Since inception the total portfolio return is 3.59% including franking credits, which is -0.69% under its return objective of the RBA Cash rate plus 3%.
A large part of the return for June was the result of a distribution from the liquidator of AXLHA (approximately 1%)
The trading prices of ASX-listed hybrids increased slightly during June.
The RBA maintained the cash rate at 0.25%, with no expectation of negative rates at this stage, though higher levels of uncertainty.
There were 4 securities in the portfolio trading ex-distribution with payments expected in July.
At end of May the portfolio had a 5.52% allocation to cash.

Click to read the full report here.