Blue Chip Top 20 Separately Managed Account Monthly update as at 31 March 2014 APIR Code: NUN0051AU Investment objective To deliver similar returns to the S&P/ASX 20 Accumulation Index before fees or expenses. Investment strategy The Model Portfolio passively invests in shares included, or expected to be included, in the Index. The Model Portfolio aims to maintain the share’s Index weighting as accurately as possible at all times. Risk profile The model is appropriate for an investor seeking medium to long term capital growth. Investors should be prepared to accept some fluctuations in short term returns. Inception date: 10 August 2009 Ratings: N/A Model management fee (% pa) 1: 0.21% pa Indicative no. of shares held: 20 Indicative portfolio turnover: Approximately 0-5% Minimum suggested timeframe Asset allocation: Australian Shares: 90-100% Cash: 0-10% Automatic payment of investment income 2: Yes Investment manager: Antares 1 Including GST and net of RITC and rounded to 2 decimal places. 2For further information about the automatic payment of investment income to your Platform refer to the Separately Managed Accounts PDS. 3Performance returns shown are calculated before fees, charges, and brokerage costs and do not take your personal taxation position into account. Please note that actual returns may differ from the returns shown in this document depending on your amount invested, your start date, brokerage costs, fees and general consistency with security weightings with the model portfolio. Past performance should not be taken as an indication for future performance. 5-7 years Model portfolio performance 3 Fund 1 mth 3 mths 6 mths 1 yr 2 yr 3 yr Blue Chip Top 20 0.7% 2.0% 6.1% 15.5% 20.1% 10.6% ASX 20 Accum Index 0.8% 2.1% 6.2% 15.8% 20.4% 10.6% Model portfolio performance summary Portfolio update March was a month of two halves. The first half of the month the index was heading down and the second half it headed back up to finish marginally positive. Financials dominated the outperformance with all banks and other financials outperforming which was quite unusual. Suncorp Group was the best, outperforming by 5.7% then came the Commonwealth Bank (3.4%) closely followed by Westpac Banking Corporation (3.0%). Interestingly Westpac continues to be a standout performer. Resources dominated the underperformance. BHP Billiton was under by 5.3%, Rio Tinto underperformed by 5.2% and Wesfarmers under performed by 4.4%. Blue Chip Top 20 SMA | 1 Blue Chip Top 20 Separately Managed Account Monthly update as at 31 March 2014 Model portfolio holdings Portfolio Changes Share Buys/Additions CBA COMMONWEALTH BANK OF AUSTRALIA BHP BHP BILLITON LIMITED WBC WESTPAC BANKING CORPORATION ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED NAB NATIONAL AUSTRALIA BANK LIMITED TLS TELSTRA CORPORATION LIMITED More information WES WESFARMERS LIMITED WOW WOOLWORTHS LIMITED Investor services: 1300 428 482 [email protected] CSL CSL LIMITED IAG INSURANCE AUSTRALIA GROUP Sells/Reductions NCM NEWCREST MINING mlc.com.au CASH RIO RIO TINTO LIMITED WPL WOODSIDE PETROLEUM LIMITED WDC WESTFIELD GROUP MQG MACQUARIE GROUP LIMITED SUN SUNCORP GROUP LIMITED QBE QBE INSURANCE GROUP LIMITED ORG ORIGIN ENERGY LIMITED AMP AMP LIMITED BXB BRAMBLES LIMITED IAG INSURANCE AUSTRALIA GROUP LIMITED STO SANTOS LIMITED Important information Navigator Australia Limited ABN 45 006 302 987, AFSL 236466 (Navigator). NULIS Nominees (Australia) Limited ABN 80 008 515 633, AFSL 236465 (NULIS). The above model is available through the Integrated Separately Managed Account ARSN 138 086 889 (SMA) issued by Navigator. The purpose of this document is to provide factual information in relation to the above model. The information above is of a general nature only and does not take into account your particular objectives, financial situation or needs. Before making an investment decision, you should consider the PDS for the SMA and whether it is appropriate for you. The above information is current as at the date of publication. While every attempt has been made to ensure the accuracy and reliability of the information, it is not guaranteed in any way. Issue date: March 2014 part of MLC companies are subsidiaries of National Australia Bank Limited ABN 12 004 044 937. An investment with MLC is not a deposit or liability of, and is not guaranteed by, National Australia Bank Limited. 77900M0414 Blue Chip Top 20 SMA | 2
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