The investment portfolios of self-managed super funds have shifted slightly away from listed shares and cash over the past year and taken on more managed investments.
The latest Class SMSF Benchmark Report, covering the June quarter, shows that the listed share allocation is 27.5 per cent – down from 28.1 per cent in the same period last year.
Sixty-four per cent of SMSFs have directly held Australian listed securities in their portfolios – down from 65 per cent last year.
Class is a supplier of administration software to advisers and other intermediaries in the SMSF sector. Its data is drawn from the member accounts of the 1534 clients that use its platform.
Cash and terms deposits make up 19.5 per cent of total assets – down from 20.6 per cent last year.
Managed investments (unlisted trusts, listed trusts and other managed investments) make up 26 per cent of portfolios, compared with 24.7 per cent last year.
Non-residential property makes up 9.9 per cent of portfolios and residential property 5.7 per cent. Last year, non-residential property was 9.6 per cent of total assets and residential property was 6.2 per cent.
Westpac, BHP, Telstra, Commonwealth Bank and NAB are the biggest stock holdings in SMSF portfolios – the same as last year, although the order has changed. Only one company entered the list of top 20 holdings during the June quarter – Coles Group.
Top managed fund holdings have also been stable, with Magellan Global, Platinum International, Platinum Asia and Winton Global the top fund holdings in the June quarter this year and last.
The top ETF holdings are the iShares S&P 500, Vanguard Australia Property Securities Index, iShares Global 100, Vanguard All-world Ex-US Shares Index and Magellan Global Equities.
In both the managed funds and ETF categories the most popular holdings are international equities.
When SMSF trustees buy international shares directly, their big holdings are alphabet, Apple, Amazon, Microsoft, Facebook, Alibaba and Visa.
According to the Class data, the average SMSF balance is $1.45 million – up from $1.4 million last year. The average member balance is $767,000 – up from $734,000.