The AUD Balanced Fund is an Australian Dollar denominated fund employing an active asset allocation strategy and a passive investment management strategy invested 40% in income assets (international fixed interest), with 60% exposure to growth assets (Australasian and international equities).

 

Investment Objectives

The fund seeks to track composite indices (before annual fund charge and tax), comprising 20% Bloomberg Aus Bond Credit 0+ Yr Index, 20% Bloomberg Barclays Global Treasury Scaled Index hedged into Australian Dollars, 20% FTSE Australia 300 Choice Index and 40% MSCI World ex Australia Custom ESG Leaders Index 100% hedged to AUD.


Investment Managers

The table below sets out the target asset allocation and underlying investment managers for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

Asset Class

Investment Manager

Product Name Benchmark Asset Allocation 1

International fixed interest

BlackRock Asset Management Limited

iShares ESG Aware USD Corporate Bond ETF

20%

International fixed interest

Vanguard Investments Australia Limited

Vanguard International Fixed Interest Index (hedged) ETF

20%

Australasian equities

Vanguard Investments Australia Limited

Vanguard Ethically Conscious Australian Shares Index

20%

International equities

BlackRock Asset Management Limited Blackrock iShares Core MSCI World ex Australia ESG Leaders ETF 40%
Total assets 100%

 

1 The Benchmark Asset Allocation, Maximum, Currency Hedging and Operating ranges are set out in the SIPO.

 

Fund Performance

Please find below the latest performance figures for the AUD Balanced Fund as at 30 November 2021.  The returns are after and fees and taxes.

 

PIR Tax Rate

Month

Quarter

6-months

12-months

Inception

28%

0.57%

-0.09%

4.32%

11.58%

9.89%

0%

0.67%

0.19%

4.40%

11.52%

10.55%

* AUD Balanced Fund was established on 24 December 2018

* Returns for periods longer than one year are annualised

 

The chart below illustrates the performance of AUD $100,000 invested in the AUD Balanced Fund from inception on 24 December 2018 to 30 November 2021. The chart shows cumulative investment performance after fees, and tax (at 28%):