OnePath Alternatives Growth Fund - Portfolio changes

Following a recent review by our investment team, we’re making some changes to the OnePath Alternatives Growth Fund (Fund) portfolio.

The Fund is available through the OneAnswer suite of products (OneAnswer Investment Portfolio (including Frontier and //Select) and OneAnswer Personal Super and Pension (including Frontier and //Select) as well as some wrap platforms.

The principal change involves the replacement of two existing investments (Underlying Funds) held by the Fund.

We believe the changes will offer the following key benefits for your clients invested in the Fund:

  • the addition of new highly experienced investment managers who have proven capability in their respective segments, and are well positioned to manage through various market conditions
  • lower overall look-through fees and expenses of the new Underlying Funds, when compared with those being exited, meaning more investor capital will remain invested in the relevant markets and strategies managed by the revised portfolio of investment managers; and
  • continued targeted low volatility of returns (less than half that expected of Global Equities), with less downside risk than traditional asset classes.

The changes will occur at the underlying asset level of the Fund, with the necessary rebalancing to occur between existing Underlying Funds and the new Underlying Funds on or around 1 June 2023.

For complete information about the changes please see the Continuous Disclosure Notice which is available to investors at www.onepathsuperinvest.com.au/performance/product-updates

Any questions?

If you have any questions or would like further information, please:

  • call Adviser Services on 1800 804 768, weekdays between 8.30am and 6.30pm (AEST/AEDT)
  • email us at adviser@onepathsuperinvest.com.au
  • speak with your Business Development Manager

Important Information

The information in this document has been prepared by OnePath Funds Management Limited (OPFM) (ABN 21 003 002 800, AFSL 238342) as the responsible entity and issuer of OnePath Alternatives Growth Fund and OneAnswer Investment Portfolio (including Frontier and //Select), and OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) (OPC) as the trustee of the Retirement Portfolio Service (ABN 61 808 189 263) (RPS) and issuer of OneAnswer Personal Super and Pension (including Frontier and //Select) which are part of the RPS (‘the Issuers’).

The Issuers are members of the Insignia Financial group of companies comprising Insignia Financial Ltd (ABN 49 100 103 722) and its related bodies corporate (‘Insignia Financial Group’).

The information provided in this document is for Advisers only, is of a general nature and does not take into account the objectives, financial situation or needs of any person. It is not intended for distribution to retail clients. Retail clients should obtain a Product Disclosure Statement (PDS) relating to the financial products mentioned in this communication and consider it before making any decision about whether to acquire or continue to hold those products. Target Market Determinations (TMDs) where required for relevant products have to be available for consideration by distributors/clients. A copy of the PDS and TMD (where relevant) are available upon request by phoning 133 665 or by searching for the applicable product at www.onepathsuperinvest.com.au