For investors in Hong Kong

Balanced Fund

For over 20 years, this dynamic allocation strategy has delivered our equity and fixed income expertise in a one-stop core solution

ISIN
IE00B7GTM146

NAV
AUD 19.07
As of 2022/01/24

1-Day Change
AUD 0.03 (0.16%)
As of 2022/01/24

Morningstar Rating

Key investment risks:

  • The Fund's investments in equities are subject to equity market risk due to fluctuation of securities values.
  • The Fund invests in debt securities (including below investment grade or unrated) and asset/ mortgage-backed securities/ commercial papers; and is subject to greater interest rate, credit/ counterparty, volatility, liquidity, downgrading,

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  • valuation, credit rating risks. It may be more volatile.
  • Investments in the Fund involve general investment, currency, hedging, economic, political, policy, foreign exchange, liquidity, tax, legal, regulatory and securities financing transactions related risks. In extreme market conditions, you may lose your entire investment.
  • The Fund may invest in financial derivatives instruments for investment and efficient portfolio management purposes. This may involve counterparty, liquidity, leverage, volatility, valuation, over-the-counter transaction, credit, currency, index, settlement default and interest risks; and the Fund may suffer total or substantial losses.
  • The Fund's investments are concentrated in US companies/ debt securities and may be more volatile.
  • The Fund may at its discretion pay dividends (i) pay dividends out of the capital of the Fund, and/ or (ii) pay dividends out of gross income while charging all or part of the fees and expenses to the capital of the Fund, resulting in an increase in distributable income available for the payment of dividends by the Fund and therefore, the Fund may effectively pay dividends out of capital. This may result in an immediate reduction of the Fund’s net asset value per share, and it amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
  • Investors should not only base on this document alone to make investment decisions and should read the offering documents including the risk factors for further details.

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Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income.

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The Fund invests between 35%-65% of its assets in the shares (equities) of mainly US companies, and between 35%-65% of its assets in debt securities and loan participations of any quality, including high yield (non-investment grade) bonds and loans (non-investment grade) issued mainly by US companies or the US issuers.

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ABOUT THIS FUND

  • Large-cap growth equities paired with an actively managed intermediate-term bond strategy for strong risk-adjusted return potential
  • Dynamic asset allocation strategy that has the flexibility to defensively position ahead of market volatility by migrating from 35-65% equity depending on conditions
  • Integrated research allows our equity and fixed income analysts to work side by side covering the same global sectors

PORTFOLIO MANAGEMENT

Jeremiah Buckley, CFA

Portfolio Manager

Industry since 1998. Joined Firm in 1998.

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

Discrete Performance (%)
As of 2021/12/31
A2 HAUD
 
Quarter End
As of 2021/12/31
Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018 Dec-2016 - Dec-2017
A2 HAUD 14.74 10.41 18.46 -1.74 16.19
Cumulative Performance (%)
As of 2021/12/31
A2 HAUD
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2013/10/01
A2 HAUD 2.47 7.00 6.83 14.74 14.74 50.07 71.33 103.20
CALENDAR YEAR RETURNS (%)
A2 HAUD
2017 2018 2019 2020 2021
A2 HAUD 16.19 -1.74 18.46 10.41 14.74
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 2021/06/30)
1.89%

Portfolio

Top Holdings (As of 2021/12/31)
% OF FUND
Microsoft Corp 5.59
Apple Inc 3.86
Alphabet Inc 3.70
Amazon.com Inc 2.89
UnitedHealth Group Inc 2.40
Mastercard Inc 2.11
NVIDIA Corp 1.91
United States Treasury Note/Bond, 1.38%, 11/15/31 1.90
Lam Research Corp 1.68
United States Treasury Note/Bond, 0.12%, 08/31/23 1.64
Total 27.68

Documents