Spaceship Voyager review

Many people think it's complicated, expensive and time-consuming to invest. But 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 “investing, made easy" and allows you to invest your savings into professionally-managed investment portfolios.

You can invest in up to 5 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 5 portfolios, each with a suitably-cosmological name:

• Spaceship Universe Portfolio. A stock portfolio of "world-changing" companies like Nvidia, Meta and Apple.
• Spaceship Earth Portfolio. A stock portfolio of "positive impact" companies like First Solar and Atlassian.
• Spaceship Galaxy Portfolio. A balanced portfolio of bonds, cash and tech stocks like Airbnb, Shopify, Tesla and Amazon.
• Spaceship Explorer Portfolio. A lower-risk portfolio centered around bonds and cash investments.
• Spaceship Origin Portfolio. A rules-based index of 200 Australian and global companies.

Spaceship portfolios often invest directly in the companies that make up each fund rather than investing via exchange traded funds (ETFs), but the Galaxy and Explorer portfolios may invest in ETFs.

You can get a more detailed breakdown of each portfolio below (updated 29 May 2024).

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.

Target asset allocation:

• Global listed companies: 70-80%
• Australian listed companies: 15-25%
• Cash: 0-10%

Annualised return: 12.01% (since 15 May 2018)

Minimum recommended investment timeframe: 7 years

Example investments: Microsoft, CBA, Alphabet, Amazon

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Spaceship Earth Portfolio

The Earth portfolio is built around companies that are expected to have a positive impact on the planet, especially those that contribute to the UN's Sustainable Development Goals agenda. This means the fund excludes companies directly involved in industries like fossil fuels, gambling, weapons and tobacco and alcohol.

Target asset allocation:

• Globally listed companies (including Australia): 85-100%
• Cash: 0-15%

Annualised return: 6.33% p.a. (since 12 November 2020)

Minimum recommended investment timeframe: 7 years

Example investments: Atlassian, Shopify, First Solar, Block

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Spaceship Galaxy Portfolio

A more balanced portfolio, Spaceship Galaxy is designed to have a 60/40 split between defensive assets (such as cash and bonds) and growth assets (such as stocks). Like the Universe Portfolio, it targets growth companies that meet Spaceship's "Where the World is Going" criteria. It targets a return of 2.5% over the consumer price index (CPI), which is a measure of household inflation, over a rolling 5-year period.

Target asset allocation:

• Australian equities: 5-15%
• International equities (unhedged): 5-40%
• Bonds: 15-75%
• Cash: 5-30%

Annualised return: N/A (this portfolio was first funded on 30 April 2024)

Minimum recommended investment timeframe: 5 years

Example investments: Airbnb, Tesla, Nike, Amazon

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Spaceship Explorer Portfolio

The Explorer Portfolio is a lower-risk option that is weighted 80% in favour of defensive assets like cash and bonds, and 20% in favour of growth assets like ETFs and stocks. It targets a return of 1.5% over the consumer price index (CPI) over a rolling 3-year period.

Target asset allocation:

• Australian equities: 0-15%
• International equities (unhedged): 0-25%
• Bonds: 20-80%
• Cash: 5-40%

Annualised return: N/A (this portfolio was first funded on 30 April 2024)

Minimum recommended investment timeframe: 3 years

Example investments: Primarily cash and bonds

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Spaceship Origin Portfolio

The Index Portfolio is a passive index fund made up of 200 local and global companies, 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.

Target asset allocation:

• Global listed companies: 70-80%
• Australian listed companies: 15-25%
• Cash: 0-10%

Annualised return: 9.89% p.a. (since 15 May 2018)

Minimum recommended investment timeframe: 7 years

Example investments: Microsoft, CBA, Alphabet, Amazon

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?

You will pay a $2-3 monthly fee if you have a balance of $100 or more in at least 1 Spaceship portfolio. If you have multiple portfolios with more than $100, you'll still only pay the one monthly fee.

Management costs are calculated on the net asset value of the portfolio and accrued daily.

It is payable in arrears on a monthly basis as follows:

• Spaceship Universe Portfolio: 0.50%/year
• Spaceship Earth Portfolio: 0.50%/year
• Spaceship Galaxy Portfolio: 0.35%/year
• Spaceship Explorer Portfolio: 0.25%/year
• Spaceship Origin Portfolio: 0.15%/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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