Historic performance of the investment strategy

This shows hypothetical returns for the model portfolio that this investment strategy is based on (and does not reflect trading in actual accounts). It is based on a single hypothetical portfolio of $100,000 opened on 1 April 2015. Returns are after fees but before tax.

Amounts are indicative of returns, but the actual returns experienced by investors will vary depending on many factors, including:

  • The exchange rate of the New Zealand dollar
  • The return of funds and underlying asset classes
  • New Zealand interest rates
  • The timing and amount of investment/investor cash flows into and out of the portfolio
  • The overall cost of transactions
  • The timing and amount of rebalancing trades
  • The fee paid to the financial adviser

IMPORTANT:
Hypothetical results have limitations. Hypothetical returns are only indicative of the actual trading performance. Because the portfolio includes trades that represent simulated historical performance and not actual trades, the results may have under-compensated or over-compensated for the impact of trading expenses and market factors like lack of liquidity.


Past returns (whether hypothetical or actual) do not tell you how the investment strategy will perform in the future.

Portfolio

12 MONTH RETURN
(1 April 2019 -

31 March 2020)

12 MONTH RETURN
(1 April 2019 -

31 March 2020)

5 YEAR RETURN
(1 April 2015 -

31 March 2020)

5 YEAR RETURN
(1 April 2015 -

31 March 2020)

  Net of expenses and fees but before tax* Net of expenses but before fees and tax** Net of expenses and fees but before tax* Net of expenses but before fees and tax**
20/80 -1.60% +0.26% +2.52% +4.45%
30/70 -3.01% -1.17% +2.79% +4.73%
40/60 -4.67% -2.85% +2.85% +4.81%
50/50 -6.43% -4.63% +2.83% +4.80%
60/40 -8.29% -6.50% +2.70% +4.68%
70/30 -10.26% -8.50% +2.46% +4.45%
80/20 -12.30% -10.57% +2.14% +4.13%
90/10 -14.39% -12.69% +1.72% +3.72%
98/2 -16.11% -14.43% +1.33% +3.33%
 
SRI 20/80 +0.98% +2.88% +3.37% +5.31%
SRI 30/70 +0.15% +2.04% +3.66% +5.61%
SRI 40/60 -0.91% +0.96% +3.87% +5.83%
SRI 50/50 -1.93% -0.07% +4.05% +6.01%
SRI 60/40 -3.27% -1.44% +4.02% +5.98%
SRI 70/30 -4.65% -2.84% +3.98% +5.94%
SRI 80/20 -6.07% -4.29% +3.93% +5.89%
SRI 90/10 -7.72% -5.97% +3.69% +5.64%
SRI 98/2 -9.07% -7.34% +3.48% +5.43%
 
PIE 30/70 -0.12% +1.71% +3.58% +5.47%
PIE 50/50 -2.57% -0.78% +4.14% +6.04%
PIE 80/20 -6.30% -4.57% +4.80% +6.72%
PIE 98/2 -8.57% -6.87% +5.08% +7.01%

NOTE:

  • Returns are in New Zealand dollars and the five year return has been annualised.
  • Hypothetical performance of the portfolios as at 1 April 2020 is provided using performance data as at the stated date of 31 March 2020.
  • Prior to 1 October 2018, the Synergy portfolios were administered by another DIMS licensee.
  • Four SRI portfolios were launched on 1 April 2017. An additional five SRI portfolios were launched on 1 April 2020.
  • PIE portfolios were launched on 1 April 2018

*Portfolio returns in these columns are net of estimated trading expenses (assuming annual rebalancing) and all other fees (including fund management fees, custodial, administration and adviser fees) but before tax.

**Portfolio returns in these columns are net of estimated trading expenses (assuming annual rebalancing) but before all other fees (including fund management fees, custodial, administration and adviser fees) and before tax.

 

PRIOR YEAR RETURNS

 

The portfolio returns for the full disclosure year from 1 April 2019 to 31 March 2020 are summarised in the following table***.

Portfolio

1 April 2019 - 31 March 2020

20/80 -1.67%
30/70 -3.11%
40/60 -4.76%
50/50 -6.52%
60/40 -8.36%
70/30 -10.31%
80/20 -12.35%
90/10 -14.42%
98/2 -16.13%
SRI 30/70 +0.09%
SRI 50/50 -2.01%
SRI 80/20 -6.15%
SRI 98/2 -9.15%
PIE 30/70 -0.12%
PIE 50/50 -2.57%
PIE 80/20 -6.32%
PIE 98/2 -8.62%

NOTE:

The above returns have been calculated:

  • In New Zealand dollars
  • Assuming a starting portfolio value of $100,000
  • Assuming annual rebalancing
  • Net of the maximum level of fees stated in Section 3 of the Investment Proposal
  • Net of an estimate for trading expenses
  • Before tax

***No actual portfolio returns have been given for some SRI portfolios, as they had not completed a disclosure year as at 1 April 2020.