Balanced Fund

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


AUD 16.85
As of 2020/10/23

1-Day Change
AUD 0.03 (0.18%)
As of 2020/10/23

Morningstar Rating

Key investment risks:
• The Fund may invest in any one or a combination of the following instruments:
– futures, options and swaps and other financial derivative instruments (“FDI”) for investment purposes, up to 10% of the net asset value ("NAV") of the Fund. Given the leverage effect of FDI, such investments may result in substantial loss


(as much as 100% of the NAV of the relevant Fund);
– debt securities rated below investment grade; and
– mortgage and asset-backed securities and/or in index/structured securities. These financial instruments may be rated below investment grade.
• Investing in any one of the above instruments may involve substantial credit/counterparty, market, liquidity, currency, leverage, index, interest and swap risks. If the issuers default, or such securities or their underlying assets, cannot be realised or perform badly, investors’ entire investments may be lost. 
• Series 3, 4 and 5 share classes of the Fund may at its discretion (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.
• The Fund's investments involve developing markets. Owing to its potentially higher volatility and risk levels, as well as lower political and economic stability than developed markets, asset values could be affected in various levels.
• The Fund’s investments may be more concentrated than others that diversify across investments and may therefore be subject to higher risk than funds with more diversified investments.
• The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice.
• Investors should not only base on this document alone to make investment decisions and should read the Prospectus including the risk factors for further details.




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


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.



  • 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


Jeremiah Buckley, CFA

Balanced | Portfolio Manager

Industry since 1998. Joined Firm in 1998.

Marc Pinto, CFA

Portfolio Manager

Industry since 1983. Joined Firm in 1994.

Greg Wilensky, CFA

Head of U.S. Fixed Income

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.


Discrete Performance (%)
As of 2020/09/30
Quarter End
As of 2020/09/30
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
8.34% 4.78% 11.41% 13.66% 5.18%
Cumulative Performance (%)
As of 2020/09/30
A2 HAUD (Net)
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
A2 HAUD -2.12% 6.26% 18.87% 3.68% 8.34% 26.46% 51.18% 66.30%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2020/06/30)
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 2020/06/30)


Top Holdings (As of 2020/09/30)
Microsoft Corp 4.73
Apple Inc 3.41 Inc 3.14
Mastercard Inc 2.61
Alphabet Inc 2.29
Adobe Inc 2.08
UnitedHealth Group Inc 2.03
Home Depot Inc 1.96
McDonald's Corp 1.59
Merck & Co Inc 1.54
Total 25.38