ANZ PRIVATE INVESTMENT MANAGEMENT SERVICE - Praemium
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ANZ PRIVATE
INVESTMENT MANAGEMENT SERVICE
INVESTMENT MENU
DATED 15 MARCH 2019
THIS INVESTMENT MENU IS ISSUED BY PRAEMIUM AUSTRALIA LIMITED
ABN 92 117 611 784 AFSL 297956
THE INFORMATION IN THIS DOCUMENT FORMS PART OF THE
ANZ PRIVATE INVESTMENT MANAGEMENT SERVICE
PRODUCT DISCLOSURE STATEMENT (PDS) DATED 4 FEBRUARY 2019
1CONTENTS Model Portfolio features at a glance 3 Model Portfolio Managers and Model profiles 7 ANZ Dynamic 100 Diversified (Tax Payer) Portfolio 8 ANZ Dynamic 100 Diversified (Non-Tax Payer) Portfolio 9 ANZ Dynamic 70 Diversified Portfolio 10 ANZ Dynamic 50 Diversified Portfolio 11 ANZ Dynamic 30 Diversified Portfolio 12 ANZ Australian Equities Income (Tax Payer) Portfolio 13 ANZ Australian Equities Income (Non-Tax Payer) Portfolio 14 ANZ Australian Equities Capital (Tax Payer) Portfolio 15 ANZ Australian Equities Capital (Non-Tax Payer) Portfolio 16 ANZ Dynamic International Equities Portfolio 17 ANZ Australian Fixed Income Portfolio 18 ANZ Active International Equities Portfolio 19 ANZ Enhanced Yield Portfolio 20 ANZ Dynamic Fixed Income Portfolio 21 ANZ International Fixed Income Portfolio 22 ANZ Australian Small Companies SIV Portfolio 23 Managed Account Cash 24 2
MODEL PORTFOLIO FEATURES AT A GLANCE
A range of Model Portfolios designed to assist you in achieving your investment objectives are available. The main features of the Model
Portfolios are contained below. Additional information on each Model can be found on the following pages.
Model Portfolio ANZ ANZ ANZ ANZ
name Dynamic 100 Diversified Dynamic 100 Diversified Dynamic 70 Diversified Dynamic 50 Diversified
(Tax Payer) Portfolio (Non-Tax Payer) Portfolio Portfolio Portfolio
Code AN0001 AN0002 AN0003 AN0004
Principal Over the long term, the Over the long term, the Over the long term, the Over the long term, the
investment Model Portfolio objective Model Portfolio objective Model Portfolio objective Model Portfolio objective
objective is to outperform inflation, is to outperform inflation, is to outperform inflation, is to outperform inflation,
as measured by the as measured by the CPI, as measured by the CPI, by as measured by the CPI,
CPI, by 5% p.a. (before by 5% p.a. (before tax & 4% p.a. (before tax & before by 3% p.a. (before tax &
tax & before fees) over before fees) over rolling fees) over rolling 10 year before fees) over rolling
rolling 10 year periods. 10 year periods. In the periods. In the medium term, 10 year periods. In the
In the medium term, medium term, the Model the Model Portfolio aims medium term, the Model
the Model Portfolio Portfolio aims to generate to generate a total return Portfolio aims to generate
aims to generate a total a total return that exceeds that exceeds the weighted a total return that
return that exceeds the weighted average average return of the exceeds the weighted
the weighted average return of the benchmark benchmark portfolio. average return of the
return of the benchmark portfolio. benchmark portfolio.
portfolio.
Can derivatives be used? Yes Yes Yes Yes
Indicative number of Min of 20 Min of 20 Min of 20 Min of 20
stocks
Minimum Model No fixed minimum1 No fixed minimum1 No fixed minimum1 No fixed minimum1
investment
Fees2
Up to $1,000,000 0.99% 0.99% 0.99% 0.99%
$1,000,001 – $2,000,000 0.85% 0.85% 0.85% 0.85%
$2,000,001 – $5,000,000 0.75% 0.75% 0.75% 0.75%
More than $5,000,000 0.62% 0.62% 0.62% 0.62%
Indirect Cost Ratio 0.30% 0.26% 0.28% 0.26%
(approx)3
Benchmark Index • 37.5% - S&P/ASX 300 • 46% - S&P/ASX 300 • 26% - S&P/ASX 300 • 18% - S&P/ASX 300
Accumulation Index Accumulation Index Accumulation Index Accumulation Index
• 26% - MSCI World Index • 20% - MSCI World Index (Ex • 18.5% - MSCI World Index (Ex • 15.5% - MSCI World Index
(Ex Australia) Net Return Australia) Net Return in A$ Australia) Net Return in A$ (Ex Australia) Net Return
in A$ • 11% - MSCI All Countries • 9.5% - MSCI World Index (Ex in A$
• 13.5% - MSCI World Index (AC) World Index (Ex Australia) Net Return hedged • 6.5% - MSCI World Index
(Ex Australia) Net Return Australia) Net Return to A$ (Ex Australia) Net Return
hedged to A$ hedged to A$ • 4% - MSCI Emerging Markets hedged to A$
• 6% - MSCI Emerging • 6% - MSCI Emerging Net Total Return Index in A$ • 5% - Bloomberg Aus Bond
Markets Net Total Return Markets Net Total Return • 6% - Bloomberg Aus Bond Bank Bank Bill Index (plus 4%)
Index in A$ Index in A$ Bill Index (plus 4%) • 2.5% - FTSE EPRA/NAREIT
• 7% - Bloomberg Aus Bond • 7% - Bloomberg Aus Bond • 3% - FTSE EPRA/NAREIT Developed Rental ex
Bank Bill Index (plus 4%) Bank Bill Index (plus 4%) Developed Rental ex Australia Australia Net Return
• 3.5% - FTSE EPRA/NAREIT • 3.5% - FTSE EPRA/NAREIT Net Return Hedged in $A Hedged in $A
Developed Rental ex Developed Rental ex • 3% - FTSE Developed Core • 2.5% - FTSE Developed
Australia Net Return Australia Net Return Hedged Infrastructure Index Hedged Core Infrastructure Index
Hedged in $A in $A Hedged in $A
• 3.5% - FTSE Developed • 3.5% - FTSE Developed Core • 12% - Bloomberg Aus Bond • 21% - Bloomberg Aus Bond
Core Infrastructure Index Infrastructure Index Hedged Composite Bond Index Composite Bond Index
Hedged in $A in $A • 8% - Barclays Global Aggregate • 14% - Barclays Global
• 3% - Aus Bond Bank Bill • 3% - Aus Bond Bank Bill Index Hedged Aggregate Index Hedged
Index Index • 10% - Aus Bond Bank Bill Index • 15% - Aus Bond Bank Bill
Index
1.The minimum investment for the ANZ Private Investment Management Service is currently $250,000. Your adviser will assist you to determine the appropriate amount per Model Portfolio. See also the information
under “How the SMA works” in the PDS.
2.The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 100 Diversified (Tax Payer) Model Portfolio would be charged 0.99% for the first $1,000,000 and 0.85% for the next $1,000,000.
3. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price, this fee is not separately deducted from your account.
3Model Portfolio ANZ ANZ ANZ ANZ
name Dynamic 30 Diversified Australian Equities Australian Equities Australian Equities
Portfolio Income (Tax Payer) Income (Non-Tax Payer) Capital (Tax Payer)
Portfolio Portfolio Portfolio
Code AN0005 AN0006 AN0007 AN0008
Principal Over the long term, the The Model Portfolio aims The Model Portfolio aims The Model
investment Model Portfolio objective is to generate high dividend to generate high dividend Portfolio aims
objective to outperform inflation, as income and generate a income and generate a to generate
measured by the CPI, by 2.5% total return which has total return which has capital growth
p.a. (before tax & after fees) lower volatility when lower volatility when that exceeds the
over rolling 10 year periods. In compared to the levels compared to the levels S&P/ASX 300
the medium term, the Model experienced by the S&P/ experienced by the S&P/ Accumulation
Portfolio aims to generate a ASX 200 Accumulation ASX 200 Accumulation Index , over rolling
total return that exceeds the index over rolling three index over rolling three three year periods.
weighted average return of the year periods. year periods.
benchmark portfolio
Can derivatives Yes Yes Yes Yes
be used?
Indicative number of stocks Min of 20 Min of 20 Min of 20 Min of 20
Minimum Model No fixed minimum1 No fixed minimum1 No fixed minimum1 No fixed minimum1
investment
Fees2
Up to $1,000,000 0.99% 1.10% 1.10% 1.10%
$1,000,001 – $2,000,000 0.85% 0.96% 0.96% 0.96%
$2,000,001 – $5,000,000 0.75% 0.86% 0.86% 0.86%
More than $5,000,000 0.62% 0.73% 0.73% 0.73%
Indirect Cost Ratio (approx)3 0.25% 0.02% 0.02% 0.02%
Benchmark Index • 9% - S&P/ASX 300 • S&P/ASX 200 • S&P/ASX 200 • S&P/ASX 300
Accumulation Index Accumulation Index Accumulation Index Accumulation
• 7.5% - MSCI World Index (Ex Index
Australia) Net Return in A$
• 3.5% - MSCI World Index (Ex
Australia) Net Return hedged
to A$
• 5% - Bloomberg Aus Bond
Bank Bill Index (plus 4%)
• 2.5% - FTSE EPRA/NAREIT
Developed Rental ex
Australia Net Return Hedged
in $A
• 2.5% - FTSE Developed Core
Infrastructure Index Hedged
in $A
• 30% - Bloomberg Aus Bond
Composite Bond Index
• 20% - Barclays Global
Aggregate Index Hedged
• 20% - Aus Bond Bank Bill
Index
1.The minimum investment for the ANZ Private Investment Management Service is currently $250,000. Your adviser will assist you to determine the appropriate amount per Model Portfolio. See also the information
under “How the SMA works” in the PDS.
2.The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 100 Diversified (Tax Payer) Model Portfolio would be charged 0.99% for the first $1,000,000 and 0.85% for the next $1,000,000.
3.The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price, this fee is not separately deducted from your account.
4Model Portfolio ANZ ANZ ANZ ANZ
name Australian Equities Dynamic International Australian Fixed Income Active International
Capital Equities Portfolio Equities Portfolio
(Non-Tax Payer) Portfolio
Code AN0009 AN0010 AN0011 AN0013
Principal The Model Portfolio Over the long term, the The Model Portfolio In the medium term, the
investment aims to generate capital Model Portfolio aims to objective is to model aims to achieve
objective growth that exceeds outperform inflation, as outperform the returns (after costs but
the S&P/ASX 300 measured by the CPI, by benchmark over the before fees and taxes) that
Accumulation Index , 4% p.a. (before tax & before medium term. exceed the benchmark,
over rolling three year fees) over rolling 10 year over periods of five years
periods. periods. In the medium or more.
term, the Model Portfolio
aims to generate a total
return that exceeds the
weighted average return of
the benchmark.
Can derivatives Yes Yes Yes Yes
be used?
Indicative number of Min of 20 Min of 3 N/A N/A
stocks
Minimum Model No fixed minimum1 No fixed minimum1 No fixed minimum1 No fixed minimum1
investment
Fees2
Up to $1,000,000 1.10% 0.77% 0.62% 0.77%
$1,000,001 – $2,000,000 0.96% 0.63% 0.48% 0.63%
$2,000,001 – $5,000,000 0.86% 0.53% 0.38% 0.53%
More than $5,000,000 0.73% 0.40% 0.25% 0.40%
Indirect Cost Ratio 0.02% 0.49% 0.13% 0.61%
(Approx)3
Benchmark Index • S&P/ASX 300 • 70% - MSCI ACWI Index • Bloomberg AusBond • 70% - MSCI World Index
Accumulation Index (Ex Australia) Net Return Composite 0+ Year (Ex Australia) Net Return
in A$ Index in A$
• 30% - MSCI ACWI Index • 30% - MSCI World Index
(Ex Australia) Net Return (Ex Australia) Net Return
hedged to A$ hedged to A$
1.The minimum investment for the ANZ Private Investment Management Service is currently $250,000. Your adviser will assist you to determine the appropriate amount per
Model Portfolio. See also the information under “How the SMA works” in the PDS.
2.The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 100 Diversified (Tax Payer) Model Portfolio would be charged 0.99% for the first
$1,000,000 and 0.85% for the next $1,000,000.
3.The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price, this fee is not separately deducted from your account.
5Model Portfolio ANZ ANZ ANZ ANZ
name Enhanced Yield Portfolio Dynamic Fixed Income International Fixed Income Australian Small
Portfolio Portfolio Companies SIV Portfolio
Code AN0014 AN0015 AN0016 AN0017
Principal The Model Portfolio The Model Portfolio The Model Portfolio The Model Portfolio
investment objective is to outperform objective is to outperform objective is to outperform objective is to provide
objective the benchmark (after the benchmark over the the benchmark over the investors with capital
management costs, before medium term. medium term. growth and income
fees) over rolling three year in the medium term,
periods. which outperforms the
benchmark.
Can derivatives Yes Yes Yes Yes
be used?
Indicative number of N/A N/A N/A N/A
stocks
Minimum Model No fixed minimum1 No fixed minimum1 No fixed minimum1 No fixed minimum1
investment
Fees2
Up to $1,000,000 0.35% 0.74% 0.74% 0.45%
$1,000,001 – $2,000,000 0.35% 0.60% 0.60% 0.45%
$2,000,001 – $5,000,000 0.35% 0.50% 0.50% 0.45%
More than $5,000,000 0.35% 0.37% 0.37% 0.45%
Indirect Cost Ratio 0.21% 0.19% 0.28% 0.85%
(approx)3
Benchmark Index • Bloomberg AusBond • 60% - Bloomberg • Barclays Capital Global • S&P/ASX Small
Bank Bill Index AusBond Composite Aggregate Index Ordinaries
0+ Year Index hedged to A$ Accumulation Index
• 40% - Barclays Capital
Global Aggregate
Index hedged to A$
1.The minimum investment for the ANZ Private Investment Management Service is currently $250,000. Your adviser will assist you to determine the appropriate amount per
Model Portfolio. See also the information under “How the SMA works” in the PDS.
2.The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 100 Diversified (Tax Payer) Model Portfolio would be charged 0.99% for the first
$1,000,000 and 0.85% for the next $1,000,000.
3.The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price, this fee is not separately deducted from your account.
6MODEL PORTFOLIO MANAGERS AND MODEL PROFILES
ANZ PRIVATE
Australia and New Zealand Banking Group Limited provides a range
of banking and financial products and services to around 10 million
customers, employs over 50,000 people worldwide, and aspires to be
a super regional bank across Asia Pacific.
ANZ Private Bank is the financial partner of choice for many leading
families, business people, investors, private foundations and business
owners. Drawing on our extensive research and advisory resources,
ANZ Private Bank offers insightful and proven financial advice across a
wide range of disciplines.
Clients of ANZ Private can access a comprehensive range of
investment products. Core to ANZ Private’s investment product
range is an exclusive Investment Management Service which
provides access to discretionary managed portfolios covering a broad
spectrum of High Net Worth investor interests. These portfolios are
constantly scrutinised and managed under the guidance of an ANZ
Regional Investment Council and Chief Investment Office.
ANZ as the Model Portfolio Manager is responsible for the investment
decisions for each of the Model Portfolios offered within the ANZ
Private Investment Management Service.
You should carefully consider the information on the following pages
before selecting the particular portfolio that you wish to invest into.
Consideration should be given to your personal tolerance for risk and
volatility, time frames for investing and the overall appropriateness
of the product and portfolio in regard to your relevant personal and
financial circumstances, needs and objectives.
7MODEL PORTFOLIO PROFILE: AN0001
ANZ DYNAMIC 100 DIVERSIFIED (TAX PAYER) PORTFOLIO
Investment objective: Over the long term, the Model Portfolio AUTHORISED INVESTMENTS
objective is to outperform inflation, as measured by the CPI, by 5% »» Listed Australian equities or equities to be shortly listed on the
p.a. (before tax & before fees) over rolling 10 year periods. In the ASX (including Real Estate Investment Trusts)
medium term, the Model Portfolio aims to generate a total return »» International equities exposure –via unhedged/hedged ETFs and/
or ANZ Private global equities funds
that exceeds the weighted average return of the benchmark
»» Global listed real assets and alternatives exposures via managed
portfolio. funds
»» Foreign exchange forward contracts
MODEL PORTFOLIO MANAGER »» Fixed income – via fixed income funds
»» Cash - via cash accounts and/or managed cash pools/funds
ANZ Banking Group Limited RECOMMENDED MINIMUM TIME HORIZON
10 years
3
DESIGNED FOR INVESTORS WHO... HISTORICAL FREQUENCY OF NEGATIVE RETURNS
• Have a long term growth focus and are looking for a core 5 years in the past 20 years
portfolio invested in Australian and international equities,
alternatives and real assets. INDICATIVE NUMBER OF STOCKS
• Are prepared to accept short term fluctuations in relative
performance against the benchmark for potentially greater Minimum of 20, typically 30-60 holdings including managed funds
returns over the longer term.
• The Dynamic 100 Diversified (Tax Payer) Model Portfolio is 2
managed on the assumption that the applicant is a tax paying FEES (INCL. GST)
investor.
Up to $1,000,000 0.99%
$1,000,001 – $2,000,000 0.85%
INVESTMENT STRATEGY AND APPROACH $2,000,001 – $5,000,000 0.75%
The Dynamic 100 Diversified (Tax payer) Model Portfolio achieves More than $5,000,000 0.62%
diversification by maintaining an exposure to: 4
Indirect Cost Ratio (approx) 0.30%
• An Australian equities portfolio of between 30 and 60 securities;
• International equity exposure through Exchange Traded Funds
(ETFs) and the actively managed ANZ Private international
equities funds;
ASSET ALLOCATION RANGES (%)
• Alternative assets via a multi strategy target return fund
• Global listed real assets exposure via passive global listed Minimum Neutral Maximum
infrastructure and global listed property funds;
• Cash and cash equivalents for liquidity purposes. Australian equities 17.5 37.5 57.5
International equities 19.5 39.5 59.5
ANZ dynamically tilts between the asset classes to both preserve and
grow capital. International equities hedging ratio 0 30 100
Unhedged emerging markets 0 6 16
BENCHMARK INDEX equities
• 37.5% - S&P/ASX 300 Accumulation Index Alternatives 2 7 12
• 26% - MSCI World Index (Ex Australia) Net Return in A$
Global listed real assets 0 7 17
• 13.5% - MSCI World Index (Ex Australia) Net Return hedged to A$
• 6% - MSCI Emerging Markets Net Total Return Index in A$ Total Growth Assets 77 97 100
• 7% - Bloomberg Aus Bond Bank Bill Index (plus 4%)
Australian fixed income 0 0 20
• 3.5% - FTSE EPRA/NAREIT Developed Rental ex Australia Net
Return Hedged International fixed income 0 0 20
• 3.5% - FTSE Developed Core Infrastructure Index Hedged in $A
Cash 0 3 23
• 3% - Aus Bond Bank Bill Index
Total Defensive Assets 0 3 23
1. The unrealised increase or decrease in an investment’s value during a specific time period, plus any
income or gains generated by the investment during that period.
2. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 100 Diversified
(Tax Payer) Model Portfolio would be charged 0.99% for the first $1,000,000 and 0.85% for the next
$1,000,000.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
4. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
8MODEL PORTFOLIO PROFILE: AN0002
ANZ DYNAMIC 100 DIVERSIFIED (NON-TAX PAYER) PORTFOLIO
Investment objective: Over the long term, the Model Portfolio AUTHORISED INVESTMENTS
objective is to outperform inflation, as measured by the CPI, by 5% • Listed Australian equities or equities to be shortly listed on the ASX
p.a. (before tax & before fees) over rolling 10 year periods. In the (including Real Estate Investment Trusts and ETFs)
medium term, the Model Portfolio aims to generate a total return • International equities exposure – via unhedged/hedged ETFs and/
or ANZ international equities funds
that exceeds the weighted average return of the benchmark
• Foreign exchange forward contracts
portfolio.
• Cash - via cash accounts and/or ANZ Cash Plus Fund and/or
managed cash pools/funds
MODEL PORTFOLIO MANAGER
RECOMMENDED MINIMUM TIME HORIZON
ANZ Banking Group Limited
10 years
3
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
DESIGNED FOR INVESTORS WHO...
5 years in the past 20 years
• Have a long term growth focus who are looking for a core
INDICATIVE NUMBER OF STOCKS
portfolio invested in Australian and international equities,
alternatives and real assets. Min of 20, typically 30-60 holdings including managed funds
• Are prepared to accept short term fluctuations in relative
performance against the benchmark for potentially greater 2
FEES (INCL. GST)
returns over the longer term.
• The Dynamic 100 Diversified (Non-Tax Payer) Model Portfolio Up to $1,000,000 0.99%
$1,000,001 – $2,000,000 0.85%
is managed on the assumption that the applicant is a non-tax
$2,000,001 – $5,000,000 0.75%
paying investor.
More than $5,000,000 0.62%
4
INVESTMENT STRATEGY AND APPROACH Indirect Cost Ratio (approx) 0.26%
The Dynamic 100 Diversified (Non-Tax Payer) Model Portfolio achieves ASSET ALLOCATION RANGES (%)
diversification by maintaining an exposure to:
Minimum Neutral Maximum
• An Australian equities portfolio of between 30 to 60 securities;
• International equity exposure through Exchange Traded Funds Australian equities 26 46 66
(ETFs) and the actively managed ANZ Private international
equities funds; International equities 11 31 51
• Alternative assets via a multi strategy target return fund
International equities hedging ratio 0 30 100
• Global listed real assets exposure via passive global listed
infrastructure and global listed property funds; Unhedged emerging market 0 6 16
• Cash and cash equivalents for liquidity purposes. equities
Alternatives 2 7 12
ANZ dynamically tilts between the asset classes to both preserve and
grow capital. Global listed real assets 0 7 17
Total Growth Assets 77 97 100
BENCHMARK INDEX
Australian fixed income 0 0 20
• 46% - S&P/ASX 300 Accumulation Index
• 20% - MSCI World Index (Ex Australia) Net Return in A$ International fixed income 0 0 20
• 11% - MSCI All Countries (AC) World Index (Ex Australia) Net
Cash 0 3 23
Return hedged to A$
• 6% - MSCI Emerging Markets Net Total Return Index in A$ Total Defensive Assets 0 3 23
• 7% - Bloomberg Aus Bond Bank Bill Index (plus 4%)
• 3.5% - FTSE EPRA/NAREIT Developed Rental ex Australia Net
Return Hedged in $A 1. The unrealised increase or decrease in an investment’s value during a specific time period, plus any
income or gains generated by the investment during that period.
• 3.5% - FTSE Developed Core Infrastructure Index Hedged in $A 2. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 100 Diversified
(Non-Tax Payer) Model Portfolio would be charged 0.99% for the first $1,000,000 and 0.85% for the
• 3% - Aus Bond Bank Bill Index next $1,000,000.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
4. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
9MODEL PORTFOLIO PROFILE: AN0003
ANZ DYNAMIC 70 DIVERSIFIED PORTFOLIO
Investment objective: Over the long term, the Model Portfolio AUTHORISED INVESTMENTS
objective is to outperform inflation, as measured by the CPI, by 4% • Listed Australian equities or equities to be shortly listed on the
p.a. (before tax & before fees) over rolling 10 year periods. In the ASX (including Real Estate Investment Trusts)
• International equities exposure –via unhedged/hedged ETF’s
medium term, the Model Portfolio aims to generate a total return and/or ANZ Private global equities funds
that exceeds the weighted average return of the benchmark • Global listed real assets and alternatives exposures via managed
portfolio. funds
• Foreign exchange forward contracts
• Fixed Income – via ANZ Fixed Income Funds
MODEL PORTFOLIO MANAGER • Cash - via cash accounts and/or ANZ Cash Plus and/or managed
cash pools/funds
ANZ Banking Group Limited
RECOMMENDED MINIMUM TIME HORIZON
10 years
DESIGNED FOR INVESTORS WHO... 3
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
• Have a long term wealth protection and growth focus who
are looking for a core portfolio invested in Australian and 5 years in the past 20 years
international equities, alternatives, real assets, fixed income and
cash. INDICATIVE NUMBER OF STOCKS
• Are likely to focus on assets with greater growth potential. Minimum of 20, typically 30-60 including managed funds
• Are prepared to accept short term fluctuations in relative
FEES (INCL. GST) 2
performance against the benchmark for potentially greater
returns over the longer term. Up to $1,000,000 0.99%
• There is a strong bias towards growth investments such as $1,000,001 – $2,000,000 0.85%
Australian and international equities, alternatives and real assets. $2,000,001 – $5,000,000 0.75%
More than $5,000,000 0.62%
INVESTMENT STRATEGY AND APPROACH 5
Indirect Cost Ratio (approx) 0.28%
The Dynamic 70 Diversified Model Portfolio achieves
ASSET ALLOCATION RANGES (%)
diversification by maintaining an exposure to:
Minimum Neutral Maximum
• An Australian equities portfolio of between 30 and 60 securities;
• International equity exposure through Exchange Traded Funds Australian equities 6 26 46
(ETFs) and the actively managed ANZ Private international
equities funds; International equities 8 28 48
• Alternative assets via a multi strategy target return fund
• Global listed real assets exposure via passive global listed International equities hedging ratio 0 30 100
infrastructure and global listed property funds;
• Fixed income exposure via Australian and international fixed Unhedged emerging markets 0 4 12
equities
income funds;
• Cash and cash equivalents for liquidity purposes. Global listed real assets 0 6 16
Alternatives 1 6 11
ANZ dynamically tilts between the asset classes to both preserve and
grow capital.
Total Growth Assets 50 70 90
Australian fixed income 0 12 32
BENCHMARK INDEX
International fixed income 0 8 28
• 26% - S&P/ASX 300 Accumulation Index
• 18.5% - MSCI World Index (Ex Australia) Net Return in A$
Cash 0 10 30
• 9.5% - MSCI World Index (Ex Australia) Net Return hedged to A$
• 4% - MSCI Emerging Markets Net Total Return Index in A$ Total Defensive Assets 10 30 50
• 6% - Bloomberg Aus Bond Bank Bill Index (plus 4%)
• 3% - FTSE EPRA/NAREIT Developed Rental ex Australia Net The Model Portfolio must have a minimum of 50% exposure to growth4 assets and 10% exposure to
Return Hedged in $A defensive assets.
• 3% - FTSE Developed Core Infrastructure Index Hedged in $A 1. The unrealised increase or decrease in an investment’s value during a specific time period, plus any
income or gains generated by the investment during that period.
• 12% - Bloomberg Aus Bond Composite Bond Index 2. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 70 Diversified
• 8% - Barclays Global Aggregate Index Hedged Model Portfolio would be charged 0.99% for the first $1,000,000 and 0.85% for the next $1,000,000.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
• 10% - Aus Bond Bank Bill Index indication of future performance. For period ending 31 December 2016.
4. Growth assets are Australian and international equities.
5. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
10MODEL PORTFOLIO PROFILE: AN0004
ANZ DYNAMIC 50 DIVERSIFIED PORTFOLIO
Investment objective: Over the long term, the Model Portfolio AUTHORISED INVESTMENTS
objective is to outperform inflation, as measured by the CPI, by 3% »» Listed Australian equities or equities to be shortly listed on the ASX
p.a. (before tax & before fees) over rolling 10 year periods. In the (including Real Estate Investment Trusts)
medium term, the Model Portfolio aims to generate a total return »» International equities exposure –via unhedged/hedged ETF’s and/
or ANZ Private global equities funds
that exceeds the weighted average return of the benchmark »» Foreign exchange forward contracts
portfolio. »» Global listed real assets and alternatives exposures via managed
funds
»» Fixed income– via ANZ fixed Income funds
MODEL PORTFOLIO MANAGER »» Cash -via cash accounts and/or ANZ Cash Plus and/or managed
cash pools/funds
ANZ Banking Group Limited RECOMMENDED MINIMUM TIME HORIZON
10 years
DESIGNED FOR INVESTORS WHO... 3
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
• Have a long term wealth protection and growth focus who
are looking for a core portfolio invested in Australian and 4 years in the past 20 years
international equities, alternatives, real assets, fixed income and
cash. INDICATIVE NUMBER OF STOCKS
• Are seeking a balanced portfolio to achieve medium to long Minimum of 20, typically 30-60 including managed funds
term financial goals.
FEES (INCL. GST) 2
• Are prepared to accept short term fluctuations in relative
performance against the benchmark for potentially greater Up to $1,000,000 0.99%
returns over the longer term. $1,000,001 – $2,000,000 0.85%
• With a balance between growth assets such as Australian and $2,000,001 – $5,000,000 0.75%
international equities, alternatives and real assets and defensive More than $5,000,000 0.62%
assets such as fixed income and cash. 5
Indirect Cost Ratio (approx) 0.26%
INVESTMENT STRATEGY AND APPROACH
ASSET ALLOCATION RANGES (%)
The Dynamic 50 Diversified Model Portfolio achieves diversification
by maintaining an exposure to: Minimum Neutral Maximum
• An Australian equities portfolio of between 30 and 60 securities;
Australian equities 3 18 33
• International equity exposure through Exchange Traded Funds
(ETFs) and the actively managed ANZ Private international International equities 7 22 37
equities funds;
International equities hedging ratio 0 30 100
• Alternative assets via a multi strategy target return fund
• Global listed real assets exposure via passive global listed Unhedged emerging equities 0 0 5
infrastructure and global listed property funds;
• Fixed income exposure via Australian and international fixed Global listed real assets 0 5 15
income funds;
Alternatives 0 5 10
• Cash and cash equivalents for liquidity purposes.
Total Growth Assets 35 50 65
BENCHMARK INDEX
Australian fixed income 6 21 36
• 18% - S&P/ASX 300 Accumulation Index
• 15.5% - MSCI World Index (Ex Australia) Net Return in A$ International fixed income 0 14 29
• 6.5% - MSCI World Index (Ex Australia) Net Return hedged to A$
Cash 0 15 35
• 5% - Bloomberg Aus Bond Bank Bill Index (plus 4%)
• 2.5% - FTSE EPRA/NAREIT Developed Rental ex Australia Net
Total Defensive Assets 35 50 65
Return Hedged in $A
• 2.5% - FTSE Developed Core Infrastructure Index Hedged in $A
• 21% - Bloomberg Aus Bond Composite Bond Index The Model Portfolio must have a minimum of 35% exposure to growth4 assets and 35% exposure to
defensive assets.
• 14% - Barclays Global Aggregate Index Hedged
• 15% - Aus Bond Bank Bill Index. 1. The unrealised increase or decrease in an investment’s value during a specific time period, plus any
income or gains generated by the investment during that period.
2. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 50 Diversified
Model Portfolio would be charged 0.99% for the first $1,000,000 and 0.85% for the next $1,000,000.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
4. Growth assets are Australian and international equities.
5. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
11MODEL PORTFOLIO PROFILE: AN0005
ANZ DYNAMIC 30 DIVERSIFIED PORTFOLIO
Investment objective: Over the long term, the Model Portfolio AUTHORISED INVESTMENTS
objective is to outperform inflation, as measured by the CPI, by • Listed Australian equities or equities to be shortly listed on the
2.5% p.a. (before tax & before fees) over rolling 10 year periods. ASX (including Real Estate Investment Trusts)
In the medium term, the Model Portfolio aims to generate a • International equities exposure –via unhedged/hedged ETF’s
and/or ANZ Private global equities funds.
total return that exceeds the weighted average return of the
• Foreign exchange forward contracts
benchmark portfolio. • Global Listed real assets and alternatives exposures via managed
funds
• Fixed Income – via ANZ fixed income funds
MODEL PORTFOLIO MANAGER • Cash - via cash accounts and/or ANZ Cash Plus Fund and/or
managed cash pools/funds
ANZ Banking Group Limited RECOMMENDED MINIMUM TIME HORIZON
5 years
DESIGNED FOR INVESTORS WHO... 3
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
• Have a long term wealth protection focus and are looking for a
3 years in the past 20 years
core portfolio invested in Australian and International equities,
Alternatives, Real Assets, Fixed Income and Cash. INDICATIVE NUMBER OF STOCKS
• Are prepared to accept lower returns to reduce the risk of losing Minimum of 20, typically 30-60 holdings including managed funds
capital. FEES (INCL. GST) 2
The investment mix is positioned defensively to produce a stable Up to $1,000,000 0.99%
return with a higher proportion invested in Fixed Income and cash $1,000,001 – $2,000,000 0.85%
and a smaller proportion in Australian and International equities, $2,000,001 – $5,000,000 0.75%
Alternatives and Real Assets. More than $5,000,000 0.62%
5
Indirect Cost Ratio (approx) 0.25%
INVESTMENT STRATEGY AND APPROACH
The Dynamic 30 Diversified Model Portfolio achieves diversification ASSET ALLOCATION RANGES (%)
by maintaining an exposure to:
Minimum Neutral Maximum
• An Australian equities portfolio of between 30 and 60 securities;
• International equity exposure through Exchange Traded Funds Australian equities 0 9 19
( ETFs) and the actively managed ANZ Private International
Equities Funds; International equities 1 11 21
• Alternative assets via a multi strategy target return fund International equities hedging 0 30 100
• Global listed real assets exposure via passive global listed ratio
infrastructure and global listed property funds;
Unhedged emerging market 0 0 5
• Fixed income exposure via Australian and international fixed equities
income funds
• Cash and cash equivalents for liquidity purposes. Global listed real assets 0 5 15
Alternatives 0 5 10
ANZ dynamically tilts between the asset classes to both preserve and
Total Growth Assets 20 30 40
grow capital.
BENCHMARK INDEX Australian fixed income 20 30 40
• 9% - S&P/ASX 300 Accumulation Index International fixed income 10 20 30
• 7.5% - MSCI World Index (Ex Australia) Net Return in A$
• 3.5% - MSCI World Index (Ex Australia) Net Return hedged to A$ Cash 0 20 40
• 5% - Bloomberg Aus Bond Bank Bill Index (plus 4%)
• 2.5% - FTSE EPRA/NAREIT Developed Rental ex Australia Net Total Defensive Assets 60 70 80
Return Hedged in $A
The Model Portfolio must have a minimum of 20% exposure to growth4 assets and 60% exposure to
• 2.5% - FTSE Developed Core Infrastructure Index Hedged in $A defensive assets.
• 30% - Bloomberg Aus Bond Composite Bond Index
1. The unrealised increase or decrease in an investment’s value during a specific time period, plus any
• 20% - Barclays Global Aggregate Index Hedged income or gains generated by the investment during that period.
• 20% - Aus Bond Bank Bill Index 2. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic 30 Diversified
Model Portfolio would be charged 0.99% for the first $1,000,000 and 0.85% for the next $1,000,000.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
4. Growth assets are Australian and international equities.
5. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
12MODEL PORTFOLIO PROFILE: AN0006
ANZ AUSTRALIAN EQUITIES INCOME (TAX PAYER) PORTFOLIO
Investment objective: The Model Portfolio aims to generate high AUTHORISED INVESTMENTS
dividend income and generate a total return which has lower • Listed Australian equities or equities to be shortly listed on the
volatility when compared to the levels experienced by the S&P/ ASX (including Real Estate Investment Trusts)
ASX 200 Accumulation index over rolling three year periods. • Exchange Traded Funds (ETFs) and managed funds
• Cash - via cash accounts and/or ANZ Cash Plus Fund and/or
MODEL PORTFOLIO MANAGER managed cash pools/funds
ANZ Banking Group Limited
RECOMMENDED MINIMUM TIME HORIZON
10 years
DESIGNED FOR INVESTORS WHO...
• Are looking for a core portfolio invested in Australian equities 2
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
with a focus on income and long term wealth creation who are
looking for a core portfolio invested in Australian equities with 5 years in the past 20 years
an income focus.
• The Australian Equities Income (Tax Payer) Model Portfolio is
INDICATIVE NUMBER OF STOCKS
managed on the assumption that the applicant is a tax paying
investor. Minimum of 20 typically, 40-50 holdings
INVESTMENT STRATEGY AND APPROACH FEES (INCL. GST) 1
The Australian Equities Income (Tax Payer) Model Portfolio is focussed Up to $1,000,000 1.10%
on delivering a portfolio with a higher dividend yield than the index. $1,000,001 – $2,000,000 0.96%
$2,000,001 – $5,000,000 0.86%
To achieve this, the ANZ Investment Management team combines
More than $5,000,000 0.73%
a passive exposure to the 20 companies that comprise the S&P/ASX
20 Index with an actively managed portfolio of 20-30 stocks with the 3
Indirect Cost Ratio (approx) 0.02%
aim of identifying companies that provide a high dividend yield and
total return. Stocks are also required to pass a robust research and
modelling process to construct a diversified portfolio.
The holdings in the Australian Equities Income (Tax Payer) Model
Portfolio are generally comprised of between 40 and 50 securities,
predominantly selected from the top 200 equities in the Australian ASSET ALLOCATION RANGES (%)
equities market. From time-to-time, the portfolio may invest in
Minimum Neutral Maximum
companies outside of the top 200 should relevant opportunities arise.
Australian equities 80 100 100
BENCHMARK INDEX Cash & fixed income 0 0 20
• S&P/ASX 200 Accumulation Index
1. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Australian Equities
Income (Tax Payer) Model Portfolio would be charged 1.10% for the first $1,000,000 and 0.96% for the
next $1,000,000.
2. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
3. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
13MODEL PORTFOLIO PROFILE: AN0007
ANZ AUSTRALIAN EQUITIES INCOME (NON-TAX PAYER) PORTFOLIO
Investment objective: The Model Portfolio aims to generate high AUTHORISED INVESTMENTS
dividend income and generate a total return which has lower • Listed Australian equities or equities to be shortly listed on
volatility when compared to the levels experienced by the S&P/ the ASX (including Real Estate Investment Trusts)
ASX 200 Accumulation index over rolling three year periods. • Exchange Traded Funds (ETFs) and Managed Funds
• Cash - via cash accounts and/or ANZ Cash Plus Fund and/or
managed cash pools/funds
MODEL PORTFOLIO MANAGER
ANZ Banking Group Limited RECOMMENDED MINIMUM TIME HORIZON
10 years
DESIGNED FOR INVESTORS WHO...
2
• Are looking for a core portfolio invested in Australian equities HISTORICAL FREQUENCY OF NEGATIVE RETURNS
with a focus on income and long term wealth creation. 5 years in the past 20 years
• The Australian Equities Income (Non-Tax Payer) Model Portfolio
is managed on the assumption that the applicant is a non-tax
INDICATIVE NUMBER OF STOCKS
paying investor.
Min of 20 typically 40-50 holdings
INVESTMENT STRATEGY AND APPROACH
The Australian Equities Income (Non-Tax Payer) Model Portfolio is FEES (INCL. GST) 1
focussed on delivering a portfolio with a higher dividend yield than
Up to $1,000,000 1.10%
the index. To achieve this, the ANZ Investment Management team
$1,000,001 – $2,000,000 0.96%
combines a passive exposure to the 20 companies that comprise the
$2,000,001 – $5,000,000 0.86%
S&P/ASX 20 Index with an actively managed portfolio of 20-30 stocks
More than $5,000,000 0.73%
with the aim of identifying companies that provide a high dividend
yield and total return. Stocks are also required to pass a robust 3
Indirect Cost Ratio (approx) 0.02%
research and modelling process to construct a diversified portfolio.
The holdings in the Australian Equities Income (Non-Tax Payer) Model
Portfolio are generally comprised of between 40 and 50 securities,
predominantly selected from the top 200 equities in the Australian
equities market. From time-to-time, the portfolio may invest in
companies outside of the top 200 should relevant opportunities arise. ASSET ALLOCATION RANGES (%)
Minimum Neutral Maximum
BENCHMARK INDEX
Australian equities 80 100 100
• S&P/ASX 200 Accumulation Index
Cash & fixed income 0 0 20
1. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Australian Equities
Income (Non-Tax Payer) Model Portfolio would be charged 1.10% for the first $1,000,000 and 0.96% for
the next $1,000,000.
2. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
3. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
14MODEL PORTFOLIO PROFILE: AN0008
ANZ AUSTRALIAN EQUITIES CAPITAL (TAX PAYER) PORTFOLIO
Investment objective: The Model Portfolio aims to generate AUTHORISED INVESTMENTS
capital growth that exceeds the S&P/ASX 300 Accumulation Index , • Listed Australian equities or equities to be shortly listed on the
over rolling three year periods. ASX (including Real Estate Investment Trusts) Exchange Traded
Funds (ETFs) and managed funds
MODEL PORTFOLIO MANAGER • Cash - via cash accounts and/or ANZ Cash Plus Fund and/or
managed cash pools/funds
ANZ Banking Group Limited
RECOMMENDED MINIMUM TIME HORIZON
DESIGNED FOR INVESTORS WHO... 10 years
• Are looking for a core portfolio invested in Australian equities
with a focus on capital appreciation and long term wealth
2
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
creation.
5 years in the past 20 years
• The Australian Equities Capital (Tax Payer) Model Portfolio is
managed on the assumption that the investor is a tax paying
investor. INDICATIVE NUMBER OF STOCKS
Min of 20 typically 40-50 holdings
INVESTMENT STRATEGY AND APPROACH
The Australian Equities Capital (Tax Payer) Model Portfolio is FEES (INCL. GST) 1
constructed with an emphasis on delivering long term capital growth
higher than the benchmark. To achieve this, the ANZ Investment Up to $1,000,000 1.10%
Management team seeks to combine a passive exposure to the 20 $1,000,001 – $2,000,000 0.96%
companies that comprise the S&P/ASX 20 Index with two actively $2,000,001 – $5,000,000 0.86%
managed portfolios of 10-20 stocks each. The blending of the actively More than $5,000,000 0.73%
managed portfolios with the 20 passively held positions aims to 4
reduce style bias and provide a diversified portfolio of Australian Indirect Cost Ratio (approx) 0.02%
equities. The holdings in the Australian Equities Capital (Tax Payer)
Model Portfolio are generally comprised of between 40 and 50 ASSET ALLOCATION RANGES (%)
securities, predominantly selected from the top 300 equities in the
Australian equities market. From time-to-time, the portfolio may hold Minimum Neutral Maximum
investments outside of the top 300 should relevant opportunities
arise. Australian equities 80 100 100
Cash & fixed income 0 0 20
BENCHMARK INDEX
• S&P/ASX 300 Accumulation Index2
1. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Australian Equities
Capital (Tax Payer) Model Portfolio would be charged 1.10% for the first $1,000,000 and 0.96% for the
next $1,000,000.
2. The benchmark applies only to the capital returns of the portfolio.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
4. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
15MODEL PORTFOLIO PROFILE: AN0009
ANZ AUSTRALIAN EQUITIES CAPITAL (NON-TAX PAYER) PORTFOLIO
Investment objective: The Model Portfolio aims to generate
AUTHORISED INVESTMENTS
capital growth that exceeds the S&P/ASX 300 Accumulation Index ,
• Listed Australian equities or equities to be shortly listed on the ASX
over rolling three year periods. (including Real Estate Investment Trusts and ETFs)
• Cash - via cash accounts and/or ANZ Cash Plus Fund and/or
MODEL PORTFOLIO MANAGER managed cash pools/funds
ANZ Banking Group Limited RECOMMENDED MINIMUM TIME HORIZON
10 years
DESIGNED FOR INVESTORS WHO...
• Are looking for a core portfolio invested in Australian equities
2
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
with a focus on capital appreciation and long term wealth
creation. 5 years in the past 20 years
• The Australian Equities Capital (Non-Tax Payer) Model Portfolio
is managed on the assumption that the investor is a non-tax INDICATIVE NUMBER OF STOCKS
paying investor.
Min of 20 typically 40-50 holdings
INVESTMENT STRATEGY AND APPROACH
FEES (INCL. GST) 1
The Australian Equities Capital (Non-Tax Payer) Model Portfolio is
constructed with an emphasis on delivering long term capital growth Up to $1,000,000 1.10%
higher than the benchmark. To achieve this, the ANZ Investment $1,000,001 – $2,000,000 0.96%
Management team seeks to combine a passive exposure to the 20 $2,000,001 – $5,000,000 0.86%
companies that comprise the S&P/ASX 20 Index with two actively More than $5,000,000 0.73%
managed portfolios of 10-20 stocks each. The blending of the actively 4
managed portfolios with the 20 passively held positions aims to Indirect Cost Ratio (approx) 0.02%
reduce style bias and provide a diversified portfolio of Australian
equities. The holdings in the Australian Equities Capital (Tax Payer) ASSET ALLOCATION RANGES (%)
Model Portfolio are generally comprised of between 40 and 50
securities, predominantly selected from the top 300 equities in the Minimum Neutral Maximum
Australian equities market. From time-to-time, the portfolio may hold
investments outside of the top 300 should relevant opportunities Australian equities 80 100 100
arise.
Cash & fixed income 0 0 20
BENCHMARK INDEX
1. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Australian Equities
• S&P/ASX 300 Accumulation Index2 Capital (Non-Tax Payer) Model Portfolio would be charged 1.10% for the first $1,000,000 and 0.96% for
the next $1,000,000.
2. The benchmark applies only to the capital returns of the Model Portfolio.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
4. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
16MODEL PORTFOLIO PROFILE: AN0010
ANZ DYNAMIC INTERNATIONAL EQUITIES PORTFOLIO
Investment objective: Over the long term, the Model Portfolio AUTHORISED INVESTMENTS
aims to outperform inflation, as measured by the CPI, by 4% • International shares exposure –via unhedged/hedged ETFs
p.a. (before tax & before fees) over rolling 10 year periods. In the (Exchange Traded Funds) and/or ANZ Private global equities
funds
medium term, the Model Portfolio aims to generate a total return
that exceeds the weighted average return of the benchmark. • Cash - via cash accounts and/or ANZ Cash Plus Fund and/or
managed cash pools/funds
MODEL PORTFOLIO MANAGER
RECOMMENDED MINIMUM TIME HORIZON
ANZ Banking Group Limited 10 years
2
DESIGNED FOR INVESTORS WHO... HISTORICAL FREQUENCY OF NEGATIVE RETURNS
• Have a long term wealth protection and growth focus who are 5 years in the past 20 years
looking for a core portfolio invested in International equities
with a focus on allocation between geographic regions
combined with an actively managed portfolio focused on stock INDICATIVE NUMBER OF STOCKS
selection.
Minimum of 3
INVESTMENT STRATEGY AND APPROACH
FEES (INCL. GST) 2
The Dynamic International Equity Model Portfolio generally has
exposure to a core portfolio with a minimum of four ASX-listed ETF’s Up to $1,000,000 0.77%
along with exposure to the ANZ Private Global Equities Funds. Core $1,000,001 – $2,000,000 0.63%
portfolio changes are generally limited to those necessary to reflect a $2,000,001 – $5,000,000 0.53%
long-term shift in regional market and sectoral themes. More than $5,000,000 0.40%
The ANZ Private Global Equities Fund is an actively managed fund of
4
Indirect Cost Ratio (approx) 0.49%
international equities. The fund aims to achieve returns (after costs
but before fees and taxes) that exceed the benchmark, over periods
of five years or more.
The Dynamic International Equity Model Portfolio or any of the assets ASSET ALLOCATION RANGES (%)
held within this portfolio may or may not be ‘hedged’ dependent on
Minimum Neutral Maximum
the views on the ANZ’s Regional Investment Committee.
Unhedged international equities 25 70 100
Hedged international equities 0 30 75
BENCHMARK INDEX
Cash & fixed income 0 0 20
• 70% - MSCI ACWI Index (Ex Australia) Net Return in A$
• 30% - MSCI ACWI Index (Ex Australia) Net Return hedged to A$
1. The unrealised increase or decrease in an investment’s value during a specific time period, plus any
income or gains generated by the investment during that period.
2. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Dynamic International
Equities Model Portfolio would be charged 0.77% for the first $1,000,000 and 0.63% for the next
$1,000,000.
3. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
4. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
17MODEL PORTFOLIO PROFILE: AN0011
ANZ AUSTRALIAN FIXED INCOME PORTFOLIO
Investment objective: The Model Portfolio objective is to RECOMMENDED MINIMUM TIME HORIZON
outperform the benchmark over the medium term. 3 years
MODEL PORTFOLIO MANAGER 2
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
ANZ Banking Group Limited
1 year in the past 20 years
DESIGNED FOR INVESTORS WHO...
INDICATIVE NUMBER OF STOCKS
• Are looking for a core portfolio invested in high quality fixed
income (government, semi-government and corporate bonds) N/A
and cash securities.
FEES (INCL. GST) 1
INVESTMENT STRATEGY AND APPROACH Up to $1,000,000 0.62%
$1,000,001 – $2,000,000 0.48%
The Australian Fixed Income Model Portfolio invests in fixed income
$2,000,001 – $5,000,000 0.38%
funds (the ‘Funds’). Portfolio construction of the fund focuses on
More than $5,000,000 0.25%
constructing a diversified portfolio using major Australian fixed
income sectors. Value is added through duration management, yield 3
Indirect Cost Ratio (approx) 0.13%
curve positioning, sector rotation and issue selection. Market risk is
controlled by constraining duration exposure as well as a focus on
diversification.
BENCHMARK INDEX
ASSET ALLOCATION RANGES (%)
• Bloomberg AusBond Composite 0+ Year Index
Minimum Neutral Maximum
AUTHORISED INVESTMENTS Australian fixed income 50 100 100
• Fixed income - via Australian fixed income and/or international fixed Cash 0 0 50
interest
• Cash and cash equivalents Australian index linked bonds 0 0 20
Non- Australian dollar fixed 0 0 10
income
1. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Australian Fixed Income
Model Portfolio would be charged 0.62% for the first $1,000,000 and 0.48% for the next $1,000,000.
2. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
3. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
18MODEL PORTFOLIO PROFILE: AN0013
ANZ ACTIVE INTERNATIONAL EQUITIES PORTFOLIO
Investment objective: In the medium term, the model aims to RECOMMENDED MINIMUM TIME HORIZON
achieve returns (after costs but before fees and taxes) that exceed 10 years
the benchmark, over periods of five years or more.
2
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
MODEL PORTFOLIO MANAGER
5 years in the past 20 years
ANZ Banking Group Limited
INDICATIVE NUMBER OF STOCKS
DESIGNED FOR INVESTORS WHO... N/A
• Have a long term wealth growth focus and are looking for a core
portfolio invested in international equities. FEES (INCL. GST) 1
Up to $1,000,000 0.77%
$1,000,001 – $2,000,000 0.63%
INVESTMENT STRATEGY AND APPROACH
$2,000,001 – $5,000,000 0.53%
The Active International Equities Model Portfolio generally has More than $5,000,000 0.40%
exposure to the ANZ Private Global Equities Fund. The ANZ Private 4
Global Equities Fund is an actively managed fund of international Indirect Cost Ratio (approx) 0.61%
equities with a focus on long term holdings in individual companies.
The fund blends together at least two actively managed pools of
assets to reduce single manager risk and provide a more diversified
exposure to international equities. Currency exposures of the fund
may or may not be hedged dependent on the view of ANZ.
ASSET ALLOCATION RANGES (%)
BENCHMARK INDEX Minimum Neutral Maximum
• 70% - MSCI World Index (Ex Australia) Net Return in A$ International equities 80 100 100
• 30% - MSCI World Index (Ex Australia) Net Return hedged to A$
Cash & fixed income 0 0 20
AUTHORISED INVESTMENTS
• International shares, managed funds, ETFs, index and foreign
exchange futures and Cash exposure –via ANZ Private Global
Equities Fund 1. The Fee is tiered – for example an Account balance of $2,000,000 in the ANZ Active International
Equities Model Portfolio would be charged 0.77% for the first $1,000,000 and 0.63% for the next
• Foreign exchange forward contracts $1,000,000.
2. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
• Cash - via cash accounts and/or ANZ Cash Plus Fund and/or indication of future performance. For period ending 31 December 2016.
managed cash pools/funds 3. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
this fee is not separately deducted from your account.
19MODEL PORTFOLIO PROFILE: AN0014
ANZ ENHANCED YIELD PORTFOLIO
Investment objective: The Model Portfolio objective is to RECOMMENDED MINIMUM TIME HORIZON
outperform the benchmark (after management costs, before fees) 12-24 Months.
over rolling three year periods.
1
HISTORICAL FREQUENCY OF NEGATIVE RETURNS
MODEL PORTFOLIO MANAGER
1 year in the past 20 years
ANZ Banking Group Limited
INDICATIVE NUMBER OF STOCKS
DESIGNED FOR INVESTORS WHO... N/A
• Are seeking a core portfolio invested in high quality fixed
income (government, semi-government and corporate bonds), FEES (INCL. GST)
money market securities (Promissory Notes, Term Deposits,
Floating Rate Notes) along with diverse exposure to the Investment fee 0.35%
corporate credit universe and cash.
2
Indirect Cost Ratio (approx) 0.21%
INVESTMENT STRATEGY AND APPROACH
The Enhanced Yield Model Portfolio invests in the ANZ Enhanced
Yield Fund. The investment process is structured around a portfolio of ASSET ALLOCATION RANGES (%)
liquid, high quality securities with an enhanced yield using all major
fixed interest sectors with a bias towards corporate (including high Minimum Maximum
yield), mortgage backed and asset backed securities. Value is added
through issue selection, sector rotation, yield curve positioning and Cash & cash equivalents 10 100
duration management with a focus on diversification and risk control.
The portfolio also has a diversified credit allocation employs a value- Australian fixed income 0 90
oriented investment philosophy to invest in a diverse range of credit
securities. International fixed income 0 30
Investment grade securities 0 90
BENCHMARK INDEX
High yield securities 0 15
• Bloomberg AusBond Bank Bill Index
1. Based on historical testing of asset class performance over a 20 year period; Past Performance is not an
indication of future performance. For period ending 31 December 2016.
2. The Indirect Cost Ratio is deducted by the underlying managed fund/ETF prior to striking a unit price,
AUTHORISED INVESTMENTS this fee is not separately deducted from your account.
• Fixed income via Australian fixed income, international fixed
interest, and/or corporate credit
• Cash and cash equivalents
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