GBP Balanced Fund
The GBP Balanced Fund is a Great British Pound denominated fund employing an active asset allocation strategy and a passive investment management strategy invested 50% in income assets (cash and cash equivalents and international fixed interest), with 50% exposure to growth assets (listed property and international equities).
Investment Objectives
The fund seeks to track composite indices (before annual fund charge and tax), 5% Markit iBoxx GBP Liquid Investment Grade Ultrashort Index; 45% Bloomberg Global Aggregate Corporate Index, 100% hedged to GBP; 5% FTSE EPRA/NAREIT UK Index; and 45% MSCI World ESG Screened-Index Net GBP.
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 |
|
Cash and cash equivalents |
iShares GBP Ultrashort Bond UCITS ETF |
5% | |
|
International fixed interest |
BlackRock Asset Management Ireland Limited | iShares ESG Screened Global Corporate Bond Index Fund Class D | 45% |
|
Listed property |
BlackRock Asset Management Ireland Limited | iShares UK Property UCITS ETF | 5% |
|
International equities |
BlackRock Asset Management Ireland Limited | iShares Developed World ESG Screened Index Fund Class D | 45% |
| 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 GBP Balanced Fund as at 31 March 2024. The returns are after fees and taxes:
|
PIR Tax Rate |
Month |
Quarter |
12-months |
3-Year |
5-Year |
Inception |
|
28% |
1.97% |
3.82% |
10.80% |
- |
- |
4.38% |
|
0% |
2.07% |
4.12% |
12.05% |
- |
- |
5.55% |
* GBP Balanced Fund was established on 1 August 2022
* Returns for periods longer than one year are annualised
The chart below shows the fund return after fund charges and tax (at 28%) for each full calendar year the fund has been in existence. The last bar shows the performance of the current calendar year to date (1 January 2024 to 31 March 2024):
