Diversified Growth Funds

Diversified growth funds

Diversified growth funds invest in a range of asset classes, which are typically more aggressive than balanced funds.

A growth fund is a diversified portfolio of stocks that has capital appreciation as its primary goal, with little or no dividend payouts. The portfolio mainly consists of companies with above-average growth that reinvest their earnings into expansion, acquisitions, and/or research and development (R&D).

Diversified growth funds aim to provide long term capital growth and some distributions by investing in a range of assets with an emphasis on growth assets. Typically growth funds targets a 30% allocation to income assets and 70% to growth asset classes.

Investment Options	Risk Level	Investment Objective	Investment Strategy
Diversified Growth Funds
Vanguard Diversified High Growth Index Fund	6 – High	The fund seeks to track the weighted average return of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation, before taking into account fees, expenses and tax.	The Fund provides low-cost access to a range of sector funds, offering broad diversification across multiple asset classes. The High Growth Index Fund invests mainly in growth assets, and is designed for investors with a high tolerance for risk who are seeking long-term capital growth. The Fund targets a 10% allocation to income asset classes and a 90% allocation to growth asset classes.
Vanguard Diversified Growth Index Fund	6 – High	The Vanguard Growth Index Fund seeks to track the weighted average return of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation, before taking into account fees, expenses and tax.	The fund provides low-cost access to a range of sector funds, offering broad diversification across multiple asset classes. The fund is biased towards growth assets, and is designed for investors seeking long-term capital growth. The fund targets a 30% allocation to income asset classes and a 70% allocation to growth asset classes.
Centuria CARE High Growth Fund	6 – High	The portfolio aims to achieve a total return comprising capital growth and dividend income over the medium to long term equal to or greater than the Morningstar Aus Aggressive Target Allocation NR AUD Index before fees.	The portfolio investment strategy is aimed at aggressive investors who want high capital growth and believe some fluctuations in capital are acceptable. The primary investment goal is capital growth and investors in this portfolio accept the highest level of risk in exchange for a potentially higher long-term return.
Centuria CARE ESG High Growth Fund	6 – High	The portfolio aims to achieve a total return comprising capital growth and dividend income over the medium to long term equal to or greater than the Morningstar Aus Aggressive Target Allocation NR AUD Index, before fees.	The portfolio provides ESG conscious investors an exposure to a range of index and sector investments, offering broad diversification across multiple growth asset classes. The portfolio is designed for investors with a high tolerance for risk who are seeking long-term capital growth.
Russell Investments Growth Fund	5 – Medium to High	To provide capital growth over the long term with a portfolio focusing on growth assets, while accepting fluctuations in capital values in the short term.	The fund typically invests in a diversified portfolio mix with exposure to growth investments of around 90% and defensive investments of around 10%. Derivatives may be used to implement investment strategies.
MLC Wholesale Horizon 5 Growth Portfolio	6 – High	Aims to outperform the benchmark, before fees, over 5 year periods.	MLC actively looks for opportunities to provide better returns, or less risk, than those generated by the benchmark asset allocation and to manage the Trust’s exposure to the risks of investing in markets. Our investment experts do this by: Researching and selecting a broad range of mainstream asset classes, and including some exposure to alternative assets and strategies. Adjusting the allocations to the asset classes within the defined ranges shown below. Selecting investment managers from some of the best in Australia and overseas.
Schroder Real Return Fund	5 – Medium to High	To achieve a return of CPI plus 4% to 5% p.a. before fees over rolling 3-year periods while minimising the incidence and size of negative returns in doing so.	The fund does not have fixed strategic asset allocation benchmarks but instead adopts a forward looking and flexible approach to achieve their stated objectives. The fund stands in contrast to the traditional multi-asset investment approaches which construct investment portfolios around relatively static asset allocations.
Providence Investment Fund	6 – High	The Fund’s objective is to generate consistent growth and income returns over the medium to long term.	The Providence fund is a diversified portfolio targeted towards a long term balanced/growth strategy, with a focus on long term compound growth. It leverages off the Providence Investment Committees, tactical asset allocation decisions and access to external fund managers via Exchange Traded Funds and unlisted managed funds. It has a long term investment horizon.
Dimensional World Allocation 70/30 Trust Fund	6 – High	To provide a total return, consisting of capital appreciation and income, by gaining exposure to a diversified portfolio of companies and real estate securities listed on approved developed and emerging markets, and domestic and global fixed interest securities. The Trust is not managed with the objective of achieving a particular return relative to a benchmark index. However, to compare the performance of the Trust with a broad measure of market performance, reference may be made to a combination of market indices based on the strategic asset allocation of the Trust¹.	The Fund will seek to target approximately 70% exposure to equities and 30% exposure to fixed interest assets. The Trust will gain some or all of its exposure by investing in other funds managed by the Dimensional Group (including other Dimensional Wholesale Trusts) that invest in equity, real estate and fixed interest securities.
Perpetual Balanced Growth Fund	6 – High	The Fund aims to: provide long-term capital growth and income through investment in a diversified portfolio with an emphasis on Australian and international share investments. outperform the All Groups CPI + 5.0% pa (before fees and taxes) over at least five-year periods. outperform a composite benchmark (before fees and taxes) reflecting its allocation to the various asset types over rolling three-year periods.	The Fund invests in a diverse mix of growth, defensive and other investments, with a focus on Australian an international share. Tactical asset allocation strategies may be applied, which involves the Fund adjusting its exposure to asset classes on a regular basis within the investment guidelines. Currency is managed at the Fund level, taking into account currency exposure arising from investments. Currency management is used to either hedge currency for an existing position or create an exposure to a foreign currency. Net foreign currency exposure will be limited to 50% of the gross asset value of the Fund. Derivatives and exchange traded funds may be used in managing each asset class.

Investment Options

Risk Level

Investment Objective

Investment Strategy

Diversified Growth Funds

Vanguard Diversified High Growth Index Fund

6 – High

The fund seeks to track the weighted average return of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation, before taking into account fees, expenses and tax.

The Fund provides low-cost access to a range of sector funds, offering broad diversification across multiple asset classes. The High Growth Index Fund invests mainly in growth assets, and is designed for investors with a high tolerance for risk who are seeking long-term capital growth. The Fund targets a 10% allocation to income asset classes and a 90% allocation to growth asset classes.

Vanguard Diversified Growth Index Fund

6 – High

The Vanguard Growth Index Fund seeks to track the weighted average return of the various indices of the underlying funds in which it invests, in proportion to the Strategic Asset Allocation, before taking into account fees, expenses and tax.

The fund provides low-cost access to a range of sector funds, offering broad diversification across multiple asset classes. The fund is biased towards growth assets, and is designed for investors seeking long-term capital growth. The fund targets a 30% allocation to income asset classes and a 70% allocation to growth asset classes.

Centuria CARE High Growth Fund

6 – High

The portfolio aims to achieve a total return comprising capital growth and dividend income over the medium to long term equal to or greater than the Morningstar Aus Aggressive Target Allocation NR AUD Index before fees.

The portfolio investment strategy is aimed at aggressive investors who want high capital growth and believe some fluctuations in capital are acceptable. The primary investment goal is capital growth and investors in this portfolio accept the highest level of risk in exchange for a potentially higher long-term return.

Centuria CARE ESG High Growth Fund

6 – High

The portfolio provides ESG conscious investors an exposure to a range of index and sector investments, offering broad diversification across multiple growth asset classes.

The portfolio is designed for investors with a high tolerance for risk who are seeking long-term capital growth.

Russell Investments Growth Fund

5 – Medium to High

To provide capital growth over the long term with a portfolio focusing on growth assets, while accepting fluctuations in capital values in the short term.

The fund typically invests in a diversified portfolio mix with exposure to growth investments of around 90% and defensive investments of around 10%. Derivatives may be used to implement investment strategies.

MLC Wholesale Horizon 5 Growth Portfolio

6 – High

Aims to outperform the benchmark, before fees, over 5 year periods.

MLC actively looks for opportunities to provide better returns, or less risk, than those generated by the benchmark asset allocation and to manage the Trust’s exposure to the risks of investing in markets. Our investment experts do this by:

Researching and selecting a broad range of mainstream asset classes, and including some exposure to alternative assets and strategies.
Adjusting the allocations to the asset classes within the defined ranges shown below.
Selecting investment managers from some of the best in Australia and overseas.

Schroder Real
Return Fund

5 – Medium to High

To achieve a return of CPI plus 4% to 5% p.a. before fees over rolling 3-year periods while minimising the incidence and size of negative returns in doing so.

The fund does not have fixed strategic asset allocation benchmarks but instead adopts a forward looking and flexible approach to achieve their stated objectives. The fund stands in contrast to the traditional multi-asset investment approaches which construct investment portfolios around relatively static asset allocations.

Providence Investment Fund

6 – High

The Fund’s objective is to generate consistent growth and income returns over the medium to long term.

The Providence fund is a diversified portfolio targeted towards a long term balanced/growth strategy, with a focus on long term compound growth. It leverages off the Providence Investment Committees, tactical asset allocation decisions and access to external fund managers via Exchange Traded Funds and unlisted managed funds. It has a long term investment horizon.

Dimensional World Allocation 70/30 Trust Fund

6 – High

To provide a total return, consisting of capital appreciation and income, by gaining exposure to a diversified portfolio of companies and real estate securities listed on approved developed and emerging markets, and domestic and global fixed interest securities. The Trust is not managed with the objective of achieving a particular return relative to a benchmark index. However, to compare the performance of the Trust with a broad measure of market performance, reference may be made to a combination of market indices based on the strategic asset allocation of the Trust¹.

The Fund will seek to target approximately 70% exposure to equities and 30% exposure to fixed interest assets. The Trust will gain some or all of its exposure by investing in other funds managed by the Dimensional Group (including other Dimensional Wholesale Trusts) that invest in equity, real estate and fixed interest securities.

Perpetual Balanced Growth Fund

6 – High

The Fund aims to:

provide long-term capital growth and income through investment in a diversified portfolio with an emphasis on Australian and international share investments.
outperform the All Groups CPI + 5.0% pa (before fees and taxes) over at least five-year periods.
outperform a composite benchmark (before fees and taxes) reflecting its allocation to the various asset types over rolling three-year periods.

The Fund invests in a diverse mix of growth, defensive and other investments, with a focus on Australian an international share. Tactical asset allocation strategies may be applied, which involves the Fund adjusting its exposure to asset classes on a regular basis within the investment guidelines.

Currency is managed at the Fund level, taking into account currency exposure arising from investments. Currency management is used to either hedge currency for an existing position or create an exposure to a foreign currency. Net foreign currency exposure will be limited to 50% of the gross asset value of the Fund.

Derivatives and exchange traded funds may be used in managing each asset class.