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

 

Investment Objectives

The fund seeks to track a composite index (before annual fund charge and tax), comprising 60% MSCI World ex-Australia (net dividends) (NZD hedged) and 40% FTSE World Government Bond Index (NZD hedged).


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

Vanguard Investments Australia

Vanguard International Fixed Interest Index (Hedged) ETF

40%

International Equities

Vanguard Investments Australia Vanguard MSCI Index International Shares (Hedged) ETF 60%
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 30 September 2020.  The returns are after and fees and taxes.

 

PIR Tax Rate

Month

Quarter

6-months

12-months

Inception

28%

-2.89%

3.18%

14.45%

4.09%

13.35%

0%

-2.76%

3.50%

13.52%

4.03%

14.11%

* AUD Balanced Fund was established on 24 December 2018

 

The chart below illustrates the performance of AUD $100,000 invested in the AUD Balanced Fund from inception on 24 December 2018 to 30 September 2020. The chart shows cumulative investment performance after fees, and tax (at 28%):