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DMG Diversified Portfolio - Current Portfolio Holdings as at 31 March 2015
CASH & TERM DEPOSITS
CASH
NAB term deposit 6Apr15
NAB term deposit 10May15
NAB term deposit 4Jun15
NAB term deposit 7July15
NAB term deposit 2Aug15
NAB term deposit 2Nov15
Currency Hedge
FIXED INTEREST
PROPERTY / INFRASTRUCTURE
Brookfield - Brookfield Wells Street
Lazard - Global Infrastructure
Phoenix - Property Securities
Magellan - Infrastructure
SG Hiscock - SGH Property Income
SHARES
Australian Large Companies
Allan Gray - Australia Equity
Statestreet - S&PASX 200 Acc ETF
Vanguard - Aus High Yield ETF
Australian Small/Mid Companies
Aberdeen - Small Companies
SG Hiscock - SGH ICE
International Shares
Epoch Global Equity Yield (Unhedged)
Magellan Global Fund
Northcape Emerging Markets
Platinum International Class A
Wingate Global Equity Income
Regional
J O Hambro - J O Hambro Asia ex Japan
Global Resources
90 West - Global Natural Resources
Private Equity
Barwon - Global Private Equity
ALTERNATIVES
36 South - Kohinoor Core
AQR - Delta Offshore S26
AQR - Managed Futures
Bennelong - Long Short Equity
Blackrock Absolute Return
ETF Securities - Gold Bullion ETF
Triple 3 - Volatility Advantage
Totals
Allocation
17.57%
7.52%
2.73%
1.62%
1.07%
2.14%
1.33%
1.33%
-0.17%
0.00%
9.23%
3.97%
1.45%
1.47%
0.96%
1.38%
49.07%
12.63%
3.50%
4.62%
4.51%
7.27%
3.08%
4.19%
17.90%
3.01%
2.63%
5.11%
4.06%
3.09%
4.99%
4.99%
3.01%
3.01%
3.27%
3.27%
24.13%
5.43%
4.01%
3.04%
4.94%
1.46%
2.73%
2.52%
100.00%
For enquiries please contact:
DMG Financial Planning Pty Ltd
ABN 22 095 967 525· AFSL No. 238354
67-71 Foster Street, Sale VIC 3850
P: 03 5143 7400 · F: 03 5144 3358 · E: [email protected]
www.dmgfinancial.com.au | Page 1
Key Managers by Sector
Cash & Fixed Interest
Term Deposits
A range of term deposits are held with National Australia Bank.
Property & Infrastructure
Brookfield Wells Street Fund
The Fund is an absolute return, global long/short equity manager that focuses on global real estate securities.
The Fund aims to exploit across cyclicality across different global real estate markets, while also protecting
capital at key points in the cycle by managing the net exposure.
Cromwell Phoenix Property Securities Fund
This fund invests in a concentrated Portfolio of Australian Listed Property Trusts (AREITS). We believe that the
experience of this manager coupled with their flexible benchmark unaware approach should deliver solid long
term results.
Lazard Global Listed Infrastructure Fund
The Lazard Global Listed Infrastructure Fund invests in global utilities and infrastructure companies and seeks
defensive, low volatility returns that exceed inflation. The Lazard process focuses on revenue certainty,
profitability and longevity (developed markets with established and reliable legal systems), and has a value bias.
We favour the team’s value driven and conservative approach.
Magellan Infrastructure Fund
The Magellan Infrastructure Fund invests in global utilities and infrastructure companies targeting high quality
assets. The Fund is likely to have a higher weighting to utilities making it somewhat more defensive. The
manager has a highly experienced and skilful team with strong valuation discipline
SG Hiscock Property Income Fund
The fund invests in Australian listed property securities and aims to provide a more balanced exposure to
Australian REITS than mainstream funds which tend to be dominated by the large cap stocks such as Westfield.
The manager has a long track record of investing in property securities.
Equities
Aberdeen Australian Small Companies Fund
The Aberdeen Australian Small Companies Fund invests in a concentrated portfolio of mainly Australian
(primarily outside of the S&P/ASX 100 Accumulation Index) and New Zealand listed companies that are seen to
have the potential for capital growth and increased earning potential. The investment process is bottom up /
value focused where equity managers seek to identify and invest in good quality Australian and New Zealand
listed securities through first hand company visits.
Allan Gray Australia Equity Fund
The Allan Gray Australia Equity Fund invests in Australian equities using a long term, fundamental and
contrarian approach, which appeals to our investment values. Philosophically, Allan Gray believe the market is
not always efficient or rational and that investors place too much emphasis on the latest short-term news,
overlooking the long-term fundamental prospects of a business. This enables them to purchase companies very
cheaply. They are benchmark unaware and can invest across the full market cap spectrum.
Barwon Global Listed Private Equity Fund
This is a fund investing in private equity securities listed on major global stock exchanges. The manager
undertakes detailed research into the underlying investments to identify attractive opportunities which often
trade at substantial discounts to asset backing and offer the upside of both strong underlying asset returns and
over time the narrowing of the gap between the share price and the net asset backing.
For enquiries please contact:
DMG Financial Planning Pty Ltd
ABN 22 095 967 525· AFSL No. 238354
67-71 Foster Street, Sale VIC 3850
P: 03 5143 7400 · F: 03 5144 3358 · E: [email protected]
www.dmgfinancial.com.au | Page 2
Epoch Global Equity Shareholder Yield Fund
Epoch is a yield focused international equity manager, which targets companies that generate high sustainable
free cash flows and dividends. The Manager’s edge is its unique investment philosophy and experienced team.
We believe that this manager will invest in many companies that will benefit from the global recession and
emerge stronger once the current malaise has passed.
JO Hambro Asia ex-Japan Fund
This fund provides exposure to Asia with a concentrated benchmark unaware approach, focusing on quality
Asian companies. The manager is experienced, and has managed both long only and long/short strategies over
the last 13 years. JO Hambro is owned by the ASX listed BT Investment Management.
Magellan Global Fund
Magellan is a Sydney based International Equity Manager which invests in predominantly large cap quality
stocks. The Portfolio invests dynamically between low and high beta stocks in order to manage market volatility.
Northcape Global Emerging Markets Fund
The Northcape Global Emerging Markets Fund invests in a concentrated portfolio of emerging market equities.
The bottom up investment process aims to identify high quality, resilient businesses with a demonstrable track
record of delivering shareholder value. To this is overlaid a top down country risk assessment that takes into
account specific country risk factors when valuing stocks. The strategy’s aim is to make competitive returns over
a 3 year rolling timeframe and to outperform the MSCI Emerging Markets Total Return Index.
Platinum International, Platinum Japan
Platinum is an international equity manager, targeting out-of-favour stocks. The manager is absolute-return
focused and utilises short-selling and cash to manage volatility. Platinum also undertakes active currency
management to enhance returns.
SGH ICE
SGH ICE is a consistent alpha generator in the Australian equities space. A consistent investment process is
utilised and a Portfolio of emerging and established franchise companies is constructed. The Fund embodies a
diversity of sectors and industries with strong earnings ability and projected growth.
SPDR S&P/ASX 200 ETF (STW)
The Statestreet S&PASX 200 Acc ETF is an index fund that tracks the S&P/ASX 200 Accumulation Index,
whereby the manager holds all the shares in the index on a full replication basis The fund is passively managed,
with turnover only occurring when there is a change in the index by S&P. Returns will be in line with the index;
however, it will slightly underperform due to fees charged. Limited use of futures is permitted to assist in the
efficient tracking of the index. The fund is not permitted to use futures for the purposes of gearing.
Vanguard Australian Shares High Yield ETF (VHY)
The Vanguard Australian High Yield ETF is an index fund that seeks to track the performance of the FTSE
ASFA Australia High dividend Yield Index before taking into account fund fees and expenses. The FTSE ASFA
Australia High Dividend Yield Index is a real-time, market capitalisation weighted index comprising companies
listed on the ASX with higher forecast dividend yields (excluding A-REITs) relative to other companies listed on
the ASX. The number of securities in the Index may vary over time.
Wingate Global Equity Income Fund
Wingate is a high conviction international equity manager that focuses on large, high quality companies from
around the globe. The manager is absolute-return focused, and aims to deliver strong returns over the medium
to long-term by investing in quality companies with an income bias, complemented by the use of options.
Alternatives
36 South – Kohinoor Core Fund
The fund is a global macro fund with returns predicated on the manager’s ability to identify attractive pricing in
options markets based on technical factors, sentiment, volatility and fundamentals. Kohinoor offers the potential
for lowly-correlated returns from volatility and inflation sources as well as the identification of mis-priced options
across a range of markets.
For enquiries please contact:
DMG Financial Planning Pty Ltd
ABN 22 095 967 525· AFSL No. 238354
67-71 Foster Street, Sale VIC 3850
P: 03 5143 7400 · F: 03 5144 3358 · E: [email protected]
www.dmgfinancial.com.au | Page 3
AQR DELTA Fund
The fund operates a hedge fund strategy that has exposure to nine underlying strategies. The fund aims to
capture the risk and return streams from traditional hedge fund strategies focusing on liquidity, risk
management, transparency and appropriate leverage and without the double-layer of fees paid otherwise
through a fund of hedge funds.
AQR Wholesale Managed Futures Fund
The AQR Managed Futures Fund is a systematic trading fund, applying value and momentum philosophies to a
transparent, liquid, futures-based trend-following strategy. The solution is diversified across a range of markets
and sectors and is a relatively low cost and more equally risk-weighted product than global peers.
Bennelong Long Short Australian Equities Fund
The Bennelong Long Short Equity Fund is a market neutral Australian equities hedge fund that consists of a
diversified portfolio of pair trades selected primarily from the S&P/ASX100 universe. The investment process is
a value driven / qualitatively based bottom-up stock selection research process that provides returns
uncorrelated with the underlying market.
Gold Bullion ETF
The GOLD ETF is held on the belief that gold bullion performs an essential function in a diversified portfolio.
Gold bullion acts as a hedge against inflation and protects against USD weakness. It also performs as a
defensive holding in uncertain and deflationary financial markets, and is therefore an important element in a
diversified portfolio.
Triple 3
The Triple3 Volatility Advantage Fund is a volatility-focused strategy which seeks to deliver investors positive
absolute returns when equities, as measured by the S&P 500, are experiencing negative (or ‘bear’) markets.
The fund achieves this through trading volatility options on the basis of the firm’s proprietary research.
Important Information
Disclaimer: Information in this communication should be assumed to be confidential. If you received it in error, please tell us immediately
and return it. Any legal privilege is not waived. This communication does not take into account any particular person’s objectives, financial
situation or needs. Investors should seek professional advice before making investment decisions. Neither past performance nor volatility is
a reliable indicator of what may happen in the future. Neither capital nor returns is guaranteed. Past performance is calculated pre-tax and
after fees and expenses, assumes distribution reinvestment but does not take into account inflation.
For enquiries please contact:
DMG Financial Planning Pty Ltd
ABN 22 095 967 525· AFSL No. 238354
67-71 Foster Street, Sale VIC 3850
P: 03 5143 7400 · F: 03 5144 3358 · E: [email protected]
www.dmgfinancial.com.au | Page 4