IOOF MultiSeries 30 Performance Review | News

What is the IOOF MultiSeries 30 fund?

IOOF MultiSeries 30 aims to provide stable returns over the medium term by investing in a diversified portfolio of mostly defensive assets with some growth asset exposure and to achieve total returns after fees in excess of the benchmark over a rolling three-year period. IOOF MultiSeries 30 (Trust) gains its exposure to a diversified portfolio of investments through a mix of investment managers. The conservative nature of the Trust provides a greater exposure to defensive assets, such as fixed interest and cash with a moderate exposure to growth assets, such as property, Australian and international shares and alternative assets. A mix of passive, factor based and active investment managers may be selected to manage the assets of the Trust providing differing yet complementary investment styles to achieve more consistent excess returns. The Trust is authorised to utilise approved derivative instruments for risk management purposes and investment efficiency. Please note that derivative instruments cannot be used to gear the Trust’s exposure. The underlying managers may utilise strategies for the management of currency exposure. It is the strategy of the Trust that international currency exposure may be hedged. The Trust has the capacity to change the level and nature of any currency overlay or allocation to underlying managers to manage currency risk.

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Latest News & Updates For IOOF MultiSeries 30

IOOF MultiSeries 30 Fund Commentary June 30, 2023

Tanarra Asia-Pacific secured corporate debt and MLC insurance-related investments portfolios were added during the quarter.

The fixed interest portfolio outperformed its benchmark with good performance from the emerging market debt and income trust exposures.

The alternative growth and defensive portfolios outperformed their benchmarks with good performance from mezzanine debt and real estate debt.

The international shares portfolio outperformed its benchmark with good performance from the Royal London intrinsic value portfolio.

There were no detractors of significance

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

Product Overview
Performance Review
Peer Comparison
Product Details

Product Overview

Fund Name	APIR Code ? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.	Structure ?	Asset Class ? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.	Asset Category ? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.	Peer Benchmark Name ? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.	Broad Market Index ? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.	FUM ? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.	Management Fee ? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.	Performance Fee ? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.	Spread ? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
IOOF MultiSeries 30	IOF0253AU	Managed Funds	Multi-Asset	21-40% Growth Assets - Low-Cost Diversified	Multi-Asset - 21-40% Low-Cost Index	Multi-Asset Moderate Investor Index	323.90 M	0.4%	0.00%	0.09%

Performance Review

Fund Name	Last Month ? Returns after fees in the most recent (last) month).	3 Months Return ? Returns after fees in the most recent 3 months.	1 Year Return ? Trailing 12 month returns.	3 Years Average Return ? Average Annual returns from the last 3 years.	Since Inc. Average Return ? Average (annualised) returns since inception	1 Year Std. Dev. (Annual) ? The standard deviation (or annual volatility) of the last 12 months.	3 Years Std. Dev. (Annual) ? The average standard deviation (or annual volatility) from the last 3 years.	Since Inc. Std. Dev. (Annual) ? The average standard deviation (or annual volatility) since the fund inception.	1 Year Max Drawdown ? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.	3 Year Max Drawdown ? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.	Since Inc. Max Drawdown ? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
IOOF MultiSeries 30	0.77%	3.38%	11.02%	3.29%	4.63%	3.93%	4.51%	3.72%	-1.33%	-7.1%	-7.1%

Peer Comparison

Fund Name	Peer Index Name ? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.	12 Months Excess Return ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	Excess Return Annualised Since Inception ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	12 Months Alpha ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	Alpha Annualised Since Inception ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	12 Months Beta ? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	Beta Annualised Since Inception ? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	12 Months Tracking Error ? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	Tracking Error Since Inception ? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	12 Months Correlation ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.	Correlation Since Inception ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
IOOF MultiSeries 30	Multi-Asset - 21-40% Low-Cost Index	-0.97%	0.35%	NA%	NA%	NA%	0.82	0.99%	1.28%	1	0.99

Product Details

Fund Name	Verifed by SMSF Mates	Manager Address	Phone	Website	Email
IOOF MultiSeries 30	Yes		-	https://www.ioof.com.au/	-

Product Due Diligence

What is IOOF MultiSeries 30

IOOF MultiSeries 30 is an Managed Funds investment product that is benchmarked against Multi-Asset Moderate Investor Index and sits inside the Multi-Asset - 21-40% Low-Cost Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The IOOF MultiSeries 30 has Assets Under Management of 323.90 M with a management fee of 0.4%, a performance fee of 0.00% and a buy/sell spread fee of 0.09%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the IOOF MultiSeries 30 has returned 0.77% in the last month. The previous three years have returned 3.29% annualised and 3.72% each year since inception, which is when the IOOF MultiSeries 30 first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since IOOF MultiSeries 30 first started, the Sharpe ratio is NA with an annualised volatility of 3.72%. The maximum drawdown of the investment product in the last 12 months is -1.33% and -7.1% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The IOOF MultiSeries 30 has a 12-month excess return when compared to the Multi-Asset - 21-40% Low-Cost Index of -0.97% and 0.35% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. IOOF MultiSeries 30 has produced Alpha over the Multi-Asset - 21-40% Low-Cost Index of NA% in the last 12 months and NA% since inception.

What are similar investment products?

For a full list of investment products in the Multi-Asset - 21-40% Low-Cost Index category, you can click here for the Peer Investment Report.

What level of diversification will IOOF MultiSeries 30 provide?

IOOF MultiSeries 30 has a correlation coefficient of 0.99 and a beta of 0.82 when compared to the Multi-Asset - 21-40% Low-Cost Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on IOOF MultiSeries 30 and its peer investments, you can click here for the Peer Investment Report.

How do I compare the IOOF MultiSeries 30 with the Multi-Asset Moderate Investor Index?

For a full quantitative report on IOOF MultiSeries 30 compared to the Multi-Asset Moderate Investor Index, you can click here.

Can I sort and compare the IOOF MultiSeries 30 to do my own analysis?

To sort and compare the IOOF MultiSeries 30 financial metrics, please refer to the table above.

Has the IOOF MultiSeries 30 been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in IOOF MultiSeries 30?

If you or your self managed super fund would like to invest in the IOOF MultiSeries 30 please contact via phone or via email .

How do I get in contact with the IOOF MultiSeries 30?

If you would like to get in contact with the IOOF MultiSeries 30 manager, please call .

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the IOOF MultiSeries 30. All data and commentary for this fund is provided free of charge for our readers general information.

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Historical Performance Commentary

Performance Commentary - March 31, 2023

There were no changes to the manager line-up over the quarter.

The alternative growth and defensive portfolios outperformed their benchmarks with good performance from private equity, private credit and infrastructure managers.

The international shares portfolio outperformed its benchmark with good performance from the underlying managers.

The fixed interest portfolio underperformed its benchmark due to active duration managers and overweight to credit.

Performance Commentary - December 31, 2022

Intermediate Capital Group was appointed to the Alternative Growth portfolio to manage CLO Equity. AllianceBernstein Risk Premia Fund was terminated from the Alternative Defensive portfolio. Ardea Global Alpha Plus was terminated from the diversified fixed interest portfolio. The international shares portfolio outperformed its benchmark with good performance from the underlying managers. The fixed interest portfolio outperformed its benchmark due to active duration managers and overweight to credit. The Australian shares portfolio underperformed its benchmark with small caps underperforming the broader market.

Performance Commentary - September 30, 2022

Invesco Global Targeted Return Fund was terminated from the Alternatives portfolio due to Invesco deciding to change the underlying strategy of the Fund. The diversified fixed interest portfolio outperformed in a rising yield environment, due to its short duration positioning. Both Alternative Defensive and Growth portfolios produced positive returns in a challenging environment. There were no material detractors of note.

Performance Commentary - June 30, 2022

There were no manager changes over the quarter.
An overweight to Alternatives contributed to performance, together with the underlying managers performing well – particularly private debt manager Metrics.
The diversified fixed interest portfolio outperformed in a rising yield environment, due to its short duration positioning.
Both the Australian and international equities portfolios outperformed their respective benchmarks.
An underweight to Cash and Direct Property, and an overweight to Australian equities detracted from performance.

Performance Commentary - March 31, 2022

There were no manager changes over the quarter. An overweight to Alternatives contributed to performance, together with the underlying managers performing well – particularly private debt manager Metrics. An underweight to fixed interest added value, as did the underlying managers within the fixed interest portfolio. International equities detracted from relative performance as both developed and emerging market managers underperformed.

Performance Commentary - June 30, 2021

There were no manager changes over the quarter. Diversified fixed income portfolio outperformed as a result of sector allocation and security selection. Alternatives portfolio also outperformed, with solid performance from private debt manager, Metrics. International shares portfolio also outperformed following a restructure the previous quarter. Australian equities portfolio slightly underperformed its benchmark with value manager AB performing poorly.

Performance Commentary - December 31, 2020

The Australian shares portfolio underwent a restructure as a result of greater scale from ANZ funds. Two new active managers were appointed being Quest and Northcape. As a result, three managers were terminated being State Street, Yarra Capital and Invesco. Diversified fixed interest portfolio outperformed, with all underlying managers except Ardea outperforming their benchmarks. Western, Stone Harbor, Brandywine and Janus Henderson performed particularly well. Alternatives portfolio also outperformed, with solid performance from private debt manager, Metrics. The Australian equities portfolio underperformed with Acadian small caps and Northern Trust underperforming.

IOOF MultiSeries 30 (IOF0253AU) Report & Performance