IOOF MultiMix International Shares Trust aims to provide a low to medium risk income producing investment over the medium-term by investing in a diversified portfolio of fixed interest investments, and to achieve a total return after fees in excess of the Trust’s benchmark over a rolling three-year period.
Global equity markets recorded solid gains for the quarter, supported by encouraging inflation and growth economic signals. However, the market’s rally remained notably narrow, especially in the US equity market. Brown Advisory, Intermede and Pzena were appointed as new managers.
Royal London outperformed due to positive stock selection in Healthcare and Consumer Discretionary.
Alphinity underperformed due to being under exposed to the mega-cap US based growth stocks that drove much of the market rally.
Dedicated emerging markets manager TT International outperformed the emerging markets benchmark, but underperformed the MSCI AC World Ex Aus benchmark.
What is IOOF MultiMix International Shares Trust IOOF MultiMix International Shares Trust is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Multi-Manager 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 MultiMix International Shares Trust has Assets Under Management of 274.73 M with a management fee of 0.9%, a performance fee of 0.00% and a buy/sell spread fee of 0.26%.
How has the investment product performed recently?
The recent investment performance of the investment product shows that the IOOF MultiMix International Shares Trust has returned 1.44% in the last month. The previous three years have returned 7.88% annualised and 10.57% each year since inception, which is when the IOOF MultiMix International Shares Trust 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 MultiMix International Shares Trust first started, the Sharpe ratio is 0.51 with an annualised volatility of 10.57%. The maximum drawdown of the investment product in the last 12 months is -4.34% and -28.06% 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 MultiMix International Shares Trust has a 12-month excess return when compared to the Foreign Equity - Large Multi-Manager Index of 0.26% and -0.47% 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 MultiMix International Shares Trust has produced Alpha over the Foreign Equity - Large Multi-Manager Index of 0.04% in the last 12 months and 0% since inception.
What are similar investment products?
For a full list of investment products in the Foreign Equity - Large Multi-Manager Index category, you can click here for the Peer Investment Report.
What level of diversification will IOOF MultiMix International Shares Trust provide?
IOOF MultiMix International Shares Trust has a correlation coefficient of 0.98 and a beta of 0.99 when compared to the Foreign Equity - Large Multi-Manager 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 MultiMix International Shares Trust and its peer investments, you can click here for the Peer Investment Report.
How do I compare the IOOF MultiMix International Shares Trust with the Developed -World Index?
For a full quantitative report on IOOF MultiMix International Shares Trust compared to the Developed -World Index, you can click here.
Can I sort and compare the IOOF MultiMix International Shares Trust to do my own analysis?
To sort and compare the IOOF MultiMix International Shares Trust financial metrics, please refer to the table above.
Has the IOOF MultiMix International Shares Trust 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 MultiMix International Shares Trust?
How do I get in contact with the IOOF MultiMix International Shares Trust?
Comments from SMSF Mates
SMSF Mate does not receive commissions or kickbacks from the IOOF MultiMix International Shares Trust. All data and commentary for this fund is provided free of charge for our readers general information.
Performance Commentary - March 31, 2023 Global equities posted strong gains for the quarter. There were no manager changes over the quarter.
Antipodes Global outperformed due to positive stock selection in Health Care and Financials with currency positioning also contributing favourably.
Wellington added value through positive stock selection in Industrials, Healthcare and Financials. An overweight to Consumer Discretionary also contributed favourably to performance.
THB Intl, which invests in micro cap stocks, underperformed mostly due to negative stock selection in the Information Technology sector.
Dedicated emerging markets manager TT International underperformed, as did emerging markets in general in the volatile quarter.
Performance Commentary - March 31, 2022 There were no changes over the quarter.
Contributors to performance
• Value outperformed Growth over the quarter and value manager Northern Trust performed well, in excess of 10%.
• Emerging market small caps was the best performing sector and EAM emerging market small cap strategy outperformed with a return of almost 10%.
• TT International Emerging Markets and Antipodes Global continued to outperform.
Detractors from performance
• GrowthmanagerWellingtonunderperformedits benchmark.
• TTInternational(globalequities)andTHBInternational micro-cap both underperformed their respective benchmarks.
Performance Commentary - March 31, 2021 Contributors to performance:
• Value outperformed Growth over the quarter and value manager Northern Trust performed well, in excess of 10%.
• Emerging market small caps was the best performing sector and EAM emerging market small cap strategy outperformed with a return of almost 10%.
• TT International Emerging Markets and Antipodes Global continued to outperform.
Detractors from performance:
• Growth manager Wellington underperformed its benchmark.
• TT International (global equities) and THB International micro-cap both underperformed their respective benchmarks.
Performance Commentary - December 31, 2020 There were no changes over the quarter
An overweight to emerging markets contributed as emerging markets outperformed developed markets by 5.5% over the quarter.
• TT International Emerging Markets and Antipodes Global were the best performing managers.
EAM Investors underperformed its emerging markets small cap benchmark in what was a very strong quarter for the niche sector.
• TT International (global equities) and THB International micro cap both underperformed their respective benchmarks.
Performance Commentary - December 31, 2020 • An overweight to emerging markets contributed as emerging markets outperformed developed markets by 5.5% over the quarter.
• TT International Emerging Markets and Antipodes Global were the best performing managers.
Detractors from performance
• EAM Investors underperformed its emerging markets small cap benchmark in what was a very strong quarter for the niche sector.
• TT International (global equities) and THB International micro cap both underperformed their respective benchmarks.
Performance Commentary - September 30, 2020 ‘- There were no changes over the quarter.
– Growth manager Wellington continues to perform well as the Growth factor continues to significantly outperform Value.
– Small caps continued their outperformance in both developed and emerging markets, with EAM emerging market small caps and THB International micro-caps the best performing managers, returning in excess of 10%.
– Antipodes was again the largest detractor as the tilt towards Value and away from Growth was a headwind.
– Northern Trust’s value portfolio underperformed over the quarter, as did TT International’s global concentrated portfolio.
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