ACTIVETactical Multi-Asset · Managed Account

Tactical Accumulation

4.2% p.a. pre-fees
since inception³

Fund profile

Number of stocks: 80-120
Objective: CPI + 2.5%
Management: Active
Hedging: Optional⁶

Suggested minimums¹

Initial investment: $5,000
Additional deposits: $1
Time invested: 4 years +

Fees· % p.a.

Investment fee: 0.64%
Indirect cost ratio²: 0.00%
Performance fee: None
Admin fee⁴: Varies by platform

Asset allocation · vs range, %

Bonds 49

Cash 5

Cash & Bonds 54

International 31

Australian 15

Total shares 46

CurrentStrategicRange

Investor suitability

Investors who have a low risk tolerance, short- to medium-term investment horizon and a focus on growth for equity investment.

Risk level

Medium. Negative return 2 years in every 20 years. 11% lower than benchmark fund since inception.

Platforms available on

Praemium, DASH, Interactive Brokers.

Investment objective

The Tactical Accumulation Portfolio aims to deliver returns of 2.5% above inflation over rolling four-year periods. It invests across a diversified mix of shares and bonds, making modest adjustments to asset allocations as market conditions change. Designed for more conservative investors, the portfolio focuses on delivering steadier long-term returns with lower levels of risk.

Returns to Jul 2026 · % (p.a. 1y+)

	1m	1y	3y	5y	Incept.
Pre fees	0.3	4	6.7	3.2	4.2
Post investment fees	0.2	3.3	6	2.5	3.5
Similar Funds
Vanguard Balanced/Conservative Mix	-0.7	4.7	6.6	2.7	4.2
CPI + 2.5%	0.2	5.0	5.4	6.7	5.6

Cumulative return · growth of $10,000

Tactical AccumulationVanguard Balanced/Conservative MixCPI + 2.5%

Investment strategy

The Nucleus Tactical Accumulation Model invests in a combination of Australian and International equities with a high focus on Bonds. The portfolio takes minor tactical tilts to different asset classes based on valuation. Stocks are chosen with a value and quality bias. All positions are currently implemented through physical investments. Rebalancing is considered at least monthly by the asset allocation committee. The committee often takes a longer term view on assets and will choose to gradually build positions with dividends/excess capital rather than actively trading wherever possible.