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 Global Treasury Scaled Index, 100% hedged to AUD; 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 Ireland Limited

iShares Core 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 Ireland Limited iShares Core MSCI World ex Australia ESG ETF (AUD Hedged) 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 31 October 2024.  The returns are after fees and taxes.

 

PIR Tax Rate

Month

Quarter

12-months

3-Year

5-Year

Inception

28%

-0.67%

2.08%

20.83%

1.76%

4.70%

5.68%

0%

-0.58%

2.35%

22.14%

2.84%

5.54%

6.56%

* AUD Balanced Fund was established on 24 December 2018

* 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 October 2024):