How to invest with Spaceship Voyager

Spaceship Voyager (Index Portfolio)
Spaceship Voyager (Index Portfolio)

This fully digital investment platform makes investing your savings easy and convenient.

Myth: It is complicated, expensive and time-consuming to invest.

Thanks to better education and savvy innovation, investing has never been more accessible and affordable.

What is Spaceship Voyager?

Robo-advice wealth management uses technology to give professional investment advice and investment management without the need to pay a human financial advisor. This has revolutionised not only how we invest in the stock market, but also who can invest in the stock market.

Spaceship Voyager is one of these providers. Their user-friendly app is for “the next generation of newcomers and experts” and allows you to invest your savings into curated investment portfolios.

You can select from two different investment portfolios, and set up regular top ups each week, fortnight or month. Then, you let Spaceship Voyager take care of the rest.

What portfolios can I choose with Spaceship Voyager?

The platform offers a choice of two portfolios: an index fund called the Spaceship Index Portfolio and a managed share fund called the Spaceship Universe Portfolio.

Both the Spaceship Index Portfolio and the Spaceship Universe Portfolio invest directly in the companies that make up each fund rather than investing via exchange traded funds (ETFs).

Spaceship Index Portfolio

The Index Portfolio is a passive index fund made up of 100 listed Australian shares and 100 listed global shares, chosen using an equal-weighted index of the largest companies by market capitalisation. By using an equal-weighted index rather than a market-weighted index, it reduces the influence of large companies and increases exposure to smaller companies.

The following is the target asset allocation for the Index Portfolio:

  • Global large public companies 75% (70-80% range)
  • Australian large public companies 20% (15-25% range)
  • Cash 5% (0-10% range)

As an example, current holdings as of June 2018 include companies such as Berkshire Hathaway, Boeing, Coca-Cola, Intel, Johnson & Johnson, JPMorgan, Microsoft, Procter & Gamble, Samsung, Toyota, Visa, Walt Disney, Westfield and Woolworths.

Spaceship Universe Portfolio

The Universe Portfolio is an actively selected fund made up of shares in 100 Australian and global companies that are carefully handpicked by Spaceship’s investment team to meet its “Where the World is Going” (WWG) criteria.

The WWG methodology evaluates, among other factors, a company’s competitive advantage, management and risk of disruption from technology. A low WWG rating indicates that a company’s profits are more susceptible to competition and technology disruption over time.

The following is the target asset allocation for the Universe Portfolio:

  • Global large public companies 70% (65-75% range)
  • Australian large public companies 25% (20-30% range)
  • Cash 5% (0-10% range)

Current holdings as of June 2018 include Afterpay, Apple, Baidu, Facebook, Kogan, Netflix, Nvidia, Redbubble, Softbank, Tencent, Tesla, Twitter, Workday, Xero and Zillow.

Can I customise the investment portfolios?

No, you cannot customise the investment portfolios. The fund is a unit trust, so when you invest in the fund, your money is pooled together with other investors and invested in the investment portfolio. You acquire units in the fund and each unit represents a proportionate beneficial interest in the fund’s asset as a whole.

What are the fees to invest with Spaceship Voyager?

Management costs are calculated on gross asset value of the portfolio and accrued daily. It is payable in arrears on a monthly basis as follows:

Spaceship Index PortfolioSpaceship Universe Portfolio
Balances below $5,000NilNil
Balances above $5,0000.05% per year0.10% per year

There are no contribution fees, brokerage fees, withdrawal fees or exit fees charged for either portfolio.

Benefits of investing with Spaceship Voyager

  • Transparent. You can easily view your portfolio holdings through your Spaceship account.
  • Low fees. You will only have to pay one competitive management fee to run a portfolio.
  • Simple structure. Investment portfolios are chosen for you using expert methodology.
  • Low barriers to get started. There is no minimum investment amount and there are no entry fees.
  • More global and sector exposure. Australia is dominated by companies in the resources and financial industries, so by investing globally, you benefit from increased industry diversification.
  • Curated news. An in-house content team delivers content about companies in your portfolio, so you can learn more about your investment.
  • Regular investment top-ups. You can set up a regular investment plan to automatically top up your investments each week, fortnight or month. This way, you don’t need to think about your investments and you can “set and forget”.

What are the risks to consider?

All investments carry risk, and the following risks are not unique to Spaceship Voyager alone. Different investment strategies may carry different levels of risk depending on the assets that make up the strategy. Assets with the highest long-term returns may also have the highest levels of short-term risk.

  • Market risk. This is the risk of negative returns resulting from unfavourable investment market conditions. Unit values reflect the market value of the assets in the portfolio and consequently may rise and fall in line with market variations.
  • Country risk. There is a risk that a country where assets are located could become politically or economically unstable. This risk is generally higher in countries classified as emerging markets.
  • Foreign currency risk. Investing in global companies exposes the portfolio to foreign exchange rate movements. Spaceship does not use currency hedging to manage the impact of this risk. When foreign currencies fall in value relative to the Australian dollar, this can have an adverse impact on investment returns.
  • Inflation risk. Changes in inflation may impact the value of your investment as inflation reduces the purchasing power of assets or income over time.
  • Interest rate risk. This is the risk of investment losses resulting from an increase in interest rates.
  • Liquidity risk. This is the risk that you may not be able to convert your investments into cash on a timely basis with little or no loss of capital. During extreme market volatility, Spaceship Capital may choose to suspend redemptions and defer payments for a period of time to protect investors.

How do I get started?

Spaceship Voyager is a fully digital investment product, which means setting up, investing and withdrawing must be done electronically through your Spaceship customer account.

  1. Create an account via the app or online
  2. Choose which portfolio you would like to invest in and submit an application. This will include complying with anti-money laundering requirements and providing identification information. You must be an Australian resident to apply.
  3. Transfer funds to make an initial investment (there is no minimum initial investment for either portfolio). You will receive confirmation of your investment through your Spaceship account. That confirmation will set out the number of units issued to you, the entry price of those units and the date the units were issued.
  4. Additional investments can be made on an ad hoc basis or you can establish a recurring investment plan. No minimum amount applies to additional investments.
  5. You can ask to withdraw all or part of your investment at any time through your Spaceship customer account, but it will only be processed during the business day. No minimum amount applies to withdrawals.
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