Investment Strategy — Portfolio Overview

Last updated April 2026 · 20+ year horizon · Growth-focused, tax-efficient accumulation
Monthly contribution
$2,000
Target return
~10% p.a.
Horizon
20+ years
Weighted MER
0.12% p.a.
Holdings
6 ETFs
Broker
Superhero → IBKR?

Portfolio Allocation

IVV.AU
S&P 500 · iShares · 0.04% MER
35.0%
VEU.AU
All-World ex-US · Vanguard · 0.04% MER
22.5%
VISM.AU
Int'l Small Caps · Vanguard · 0.32% MER
15.0%
IOZ.AU
ASX 200 · iShares · 0.05% MER · moved to super
12.5%
IFRA.AU
Global Infra (AUD-hedged) · VanEck · 0.20% MER
10.0%
VGE.AU
Emerging Markets · Vanguard · 0.48% MER
5.0%

Geographic Exposure

United States50.5%
Australia13.4%
Japan5.4%
Canada3.5%
China3.5%
Taiwan2.7%
United Kingdom2.6%
India2.0%
Switzerland1.5%
Germany1.5%
France1.4%
Other (40+ countries)12.0%
Developed
88.5%
Emerging
11.5%

Sector Exposure

Technology18.1%
Financials16.9%
Industrials13.9%
Consumer Discretionary8.8%
Healthcare7.3%
Utilities7.3%
Materials6.9%
Communication Services6.4%
Energy5.0%
Consumer Staples4.6%
Real Estate3.8%

Market Cap

Large cap~70%
Mid cap~15%
Small cap~15%

Currency

USD unhedged50.5%
AUD native13.4%
AUD-hedged (IFRA)10.0%
JPY5.4%
EUR4.5%
GBP2.6%
Other (CNY, TWD, INR, …)13.6%

Fee Analysis

ETFMERCost / $10K
IVV.AU0.04%$4.00
VEU.AU0.04%$4.00
IOZ.AU0.05%$5.00
IFRA.AU0.20%$20.00
VISM.AU0.32%$32.00
VGE.AU0.48%$48.00
Weighted~0.12%$12.00
YearPortfolioAnnual fees
5~$155K~$186
10~$410K~$492
15~$830K~$996
20~$1.53M~$1,836
Well below 0.20–0.50% typical of ASX ETF portfolios.

ETF Roles

IVV.AU35.0%
Core US large cap. 500 largest US companies. Near-free at 0.04% MER. Tech-heavy (~32%).
VEU.AU22.5%
International diversification. 3,500+ stocks ex-US, includes ~25% EM internally. Balanced sector mix.
VISM.AU15.0%
Small-cap premium. ~4,000 international small caps. Zero overlap with IVV — different size factor.
IOZ.AU12.5%
Australian home bias. ASX 200. Now held via Hostplus (Australian Shares – Indexed) for franking efficiency.
IFRA.AU10.0%
Infra & inflation hedge. ~136 global infrastructure names, AUD-hedged. Defensive, uncorrelated.
VGE.AU5.0%
Emerging markets tilt. ~5,600 stocks; China ~30%, Taiwan ~26%, India ~17%. Higher vol, capped at 5%.

Asset Location — Super vs IBKR

Australian sleeve relocated from IBKR to super (Hostplus). Franking credits @ 15% super tax = net refund. Concessional contributions save ~24% on contribution. IBKR remainder skewed to capital growth (50% CGT discount).

Hostplus optionAllocationRole
Indexed High Growth95%Globally diversified core (~0.08% fee)
Australian Shares – Indexed5%AU sleeve (~0.02% fee)
CHOICE Plus deferred — break-even at ~$45K AU sleeve (8–12+ years out).

Rebalancing Bands

ETFTargetBandAction
IVV.AU35.0%30–40%Redirect contributions
VEU.AU22.5%18–27%Redirect contributions
VISM.AU15.0%11–19%Redirect contributions
IOZ.AU12.5%9–16%Redirect contributions
IFRA.AU10.0%7–13%Redirect contributions
VGE.AU5.0%3–7%Redirect contributions
Hard rebalance only if drift > ±5% or during crash (buy the dip). Avoid CGT-triggering sales.

20-Year Projection (IBKR only, $2K/mo @ 10%)

YearContributedEstimated valueGrowth
1$24,000~$25,300+$1,300
5$120,000~$155,000+$35,000
10$240,000~$410,000+$170,000
15$360,000~$830,000+$470,000
20$480,000~$1,530,000+$1,050,000
At year 20, 4% sustainable withdrawal ≈ $61,000/yr supplemental income. Super balance tracked separately — combined wealth materially higher.