MERCER SUPER TRUST QUARTERLY REPORT THREE MONTHS TO 31 DECEMBER 2016

Transcription

1 MERCER SUPER TRUST QUARTERLY REPORT THREE MONTHS TO 31 DECEMBER 2016

2 MERCER SUPER TRUST QUARTERLY REPORT CONTENTS ECONOMY & MARKETS 1

3 QUARTER ENDING DECEMBER 2016 FINANCIAL MARKET RETURNS TO 31 DECEMBER

4 MERCER SUPER TRUST QUARTERLY REPORT MERCER SMARTPATH READY-MADE INVESTMENT OPTION. PATH PATH Objectives Objectives 3

5 QUARTER ENDING DECEMBER MERCER SMARTPATH READY-MADE INVESTMENT OPTION PATH PATH Objectives Objectives 4

6 MERCER SUPER TRUST QUARTERLY REPORT MERCER SMARTPATH READY-MADE INVESTMENT OPTION. PATH PATH Objectives Objectives 5

7 QUARTER ENDING DECEMBER MERCER SMARTPATH READY-MADE INVESTMENT OPTION PATH PATH Objectives Objectives 6

8 MERCER SUPER TRUST QUARTERLY REPORT MERCER SMARTPATH READY-MADE INVESTMENT OPTION. PATH PATH Objectives Objectives 7

9 QUARTER ENDING DECEMBER MERCER SMARTPATH READY-MADE INVESTMENT OPTION PATH PATH Objectives Objectives 8

10 MERCER SUPER TRUST QUARTERLY REPORT MERCER SMARTPATH READY-MADE INVESTMENT OPTION. PATH PATH Objectives Objectives 9

11 QUARTER ENDING DECEMBER OTHER READY-MADE INVESTMENT OPTIONS MERCER DIVERSIFIED SHARES MERCER HIGH GROWTH Objectives Objectives 10

12 MERCER SUPER TRUST QUARTERLY REPORT OTHER READY-MADE INVESTMENT OPTIONS MERCER GROWTH Objectives MERCER MODERATE GROWTH Objectives 11

13 QUARTER ENDING DECEMBER 2016 OTHER READY-MADE INVESTMENT OPTIONS MERCER CONSERVATIVE GROWTH Objectives MERCER CASH Objectives 12

14 MERCER SUPER TRUST QUARTERLY REPORT LEARN MORE ABOUT THE UNDERLYING INVESTMENTS A B E C F D G 13

15 QUARTER ENDING DECEMBER 2016 SHARES AUSTRALIAN SHARES Ready-made options allocations to Australian shares Benchmark weight by sector (%) S&P/ASX 300 Accumulation Index Sector Exposure Overweight/Underweight positions as at 31 December 2016 (%) Benchmark sector returns for the three months to 31 December 2016(%) S&P/ASX 300 Accumulation Index 14

16 MERCER SUPER TRUST QUARTERLY REPORT SHARES AUSTRALIAN SHARES Ready-made options allocations to Australian shares Top 10 Australian share holdings 15

17 QUARTER ENDING DECEMBER 2016 SHARES AUSTRALIAN SHARES SMALL COMPANIES Australian small vs large company performance Ready-made options allocations to Australian Small Companies 16

18 MERCER SUPER TRUST QUARTERLY REPORT SHARES OVERSEAS SHARES Ready-made options allocations to Overseas shares Benchmark weights by sector (%) MSCI World Index (ex Australia) Sector Exposure - Overweight/Underweight positions as at 31 December 2016 (%) Benchmark sector returns for the three months to 31 December 2016 (%) MSCI World Index (ex Australia) 17

19 QUARTER ENDING DECEMBER 2016 SHARES Ready-made options allocations to Overseas shares Benchmark weights Top 10 countries (%) MSCI World Index (ex Australia) - in A$ with net dividends reinvested OVERSEAS SHARES Exposure to top 10 countries Over/Under weight positions as at 31 December 2016 (%) Top 10 countries benchmark returns, three months to 31 December 2016 (%) MSCI World Index (ex Australia) - in A$ with net dividends reinvested Top 10 Overseas share holdings 18

20 MERCER SUPER TRUST QUARTERLY REPORT SHARES OVERSEAS SHARES Ready-made options allocations to Overseas Shares 19

21 QUARTER ENDING DECEMBER 2016 SHARES OVERSEAS SHARES SMALL COMPANIES Overseas small vs large company performance Ready-made options allocations to Overseas Small Companies 20

22 MERCER SUPER TRUST QUARTERLY REPORT SHARES EMERGING MARKETS Emerging Markets vs Developed Markets Ready-made options allocations to Emerging Markets 21

23 QUARTER ENDING DECEMBER 2016 REAL ASSETS LISTED PROPERTY Australian listed vs global listed property cumulative performance Note The indices used in the graph (above) are: S&P/ASX 200 Property Trusts Accumulation Index for Australian Listed Property FTSE EPRA/NAREIT Developed Index - in A$ (Hedged) for Global Listed Property Ready-made options allocations to Listed Property * 22

24 MERCER SUPER TRUST QUARTERLY REPORT REAL ASSETS DIRECT PROPERTY Direct Property 12 month Rolling Benchmark Return Ready-made options allocations to Direct Property Note The indices used in the graph (above) are: Before 1/9/2009: Mercer Unlisted Property Funds Index After 1/9/2009: Mercer/IPD Australian Pooled Property Fund Index. Effective January 2016 CPI+4% 23

25 QUARTER ENDING DECEMBER 2016 REAL ASSETS GLOBAL LISTED INFRASTRUCTURE Listed Infrastructure 12 month Rolling Return Note The index used in the graph (above) is the FTSE Global Core 50/50 Index in $A Hedged Ready-made options allocations to Listed Infrastructure 24

26 MERCER SUPER TRUST QUARTERLY REPORT REAL ASSETS UNLISTED INFRASTRUCTURE Unlisted Infrastructure 12 month Rolling Return (A$) Breakdown by Industry sector Ready-made options allocations to Unlisted Infrastructure * 25

27 QUARTER ENDING DECEMBER 2016 REAL ASSETS NATURAL RESOURCES Commodities Index - A$ Hedged Cumulative Returns Ready-made options allocations to Natural Resources 26

28 MERCER SUPER TRUST QUARTERLY REPORT ALTERNATIVES ALTERNATIVE ASSETS Ready-made options allocations to Alternative Assets 27

29 QUARTER ENDING DECEMBER 2016 FIXED INTEREST AUSTRALIAN SOVEREIGN BONDS Australian 10-Year Bonds Yields* Ready-made options allocations to Australian Sovereign Bonds 28

30 MERCER SUPER TRUST QUARTERLY REPORT FIXED INTEREST OVERSEAS SOVEREIGN BONDS 10 Year Bond Yields UK and US* Ready-made options allocations to Overseas Sovereign Bonds 29

31 QUARTER ENDING DECEMBER 2016 FIXED INTEREST AUSTRALIAN INFLATION PLUS Australian vs US Indexed Bond Yields* * Source: - Reserve Bank of Australia - Thomson Reuters Datastream Ready-made options allocations to Australian Inflation Plus 30

32 MERCER SUPER TRUST QUARTERLY REPORT FIXED INTEREST EMERGING MARKETS DEBT Emerging Market Debt Markets v Developed Debt Markets Ready-made options allocations to Emerging Markets Debt 31

33 QUARTER ENDING DECEMBER 2016 FIXED INTEREST GLOBAL CREDIT/HIGH YIELD US 10-Year Corporate Bond Yield Spread over 10-Year Treasury Bond* Ready-made options allocations to Global Credit/High Yield 32

34 MERCER SUPER TRUST QUARTERLY REPORT FIXED INTEREST / CASH GLOBAL ABSOLUTE RETURN BONDS CASH Australian 90-day Bank Bill Rates* 33

35 QUARTER ENDING DECEMBER 2016 SELECT-YOUR-OWN OPTIONS MERCER PLUS Mercer Australian Shares Plus investment option Benchmark weights by sector (%) S&P/ASX 300 Accumulation Index Sector Exposure Overweight/Underweight positions as at 31 December 2016 (%) Benchmark sector returns for the three months to 31 December 2016 (%) S&P/ASX 300 Accumulation Index 34

36 MERCER SUPER TRUST QUARTERLY REPORT SELECT-YOUR-OWN OPTIONS MERCER PLUS Mercer Australian Shares Plus investment option Top 10 Australian share holdings 35

37 QUARTER ENDING DECEMBER 2016 SELECT-YOUR-OWN OPTIONS MERCER PLUS Mercer Overseas Shares Plus (Unhedged) investment option Benchmark weights by sector (%) MSCI World Index (ex Australia) Sector Exposure Overweight/Underweight positions as at 31 December 2016 (%) Benchmark sector returns for the three months to 31 December 2016 (%) MSCI World Index (ex Australia) 36

38 MERCER SUPER TRUST QUARTERLY REPORT SELECT-YOUR-OWN OPTIONS MERCER PLUS Mercer Overseas Shares Plus (Unhedged) investment option Benchmark weights Top 10 countries (%) MSCI World Index (ex Australia) - in A$ with net dividends reinvested Exposure to top 10 countries - Overweight/Underweight positions as at 31 December 2016 (%) Top 10 countries benchmark returns for the three months to 31 December 2016 (%) MSCI World Index (ex Australia) - in A$ with net dividends reinvested 37

39 QUARTER ENDING DECEMBER 2016 Mercer Overseas Shares Plus (Unhedged) investment option Top 10 Overseas share holdings SELECT-YOUR-OWN OPTIONS MERCER PLUS 38

40 MERCER SUPER TRUST QUARTERLY REPORT SELECT-YOUR-OWN OPTIONS MERCER PLUS MERCER INCOME PLUS Objectives 39

41 QUARTER ENDING DECEMBER 2016 Total returns (%) After fees and taxes SELECT-YOUR-OWN OPTIONS MERCER OTHER 40

42 MERCER SUPER TRUST QUARTERLY REPORT SELECT-YOUR-OWN OPTIONS MERCER OTHER Total returns (%) After fees and taxes 41

43 QUARTER ENDING DECEMBER 2016 IMPORTANT NOTES ABOUT THIS REPORT 42

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