For investors in Singapore

Balanced Fund

For over 25 years, this dynamic allocation strategy has delivered our equity and fixed income expertise in a one-stop core solution

ISIN
IE0004445015

NAV
USD 36.91
As of 2023/02/03

1-Day Change
USD -0.28 (-0.75%)
As of 2023/02/03

Morningstar Rating
As of 2022/12/31

Overview

Quarterly update

Watch the investment team recap this quarter.

Note: Filmed in January 2023

OBJECTIVE AND INVESTMENT POLICY

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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Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.

ABOUT THIS FUND

  • High-conviction large-cap growth equities paired with an active intermediate-term bond strategy
  • 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

Cumulative & Annualised Performance (%)
As of 2022/12/31
A2 USD (Net) A2 USD (With Sales Charge)* Balanced Index (55%S&P500/45% BBUSAgg)
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
1998/12/24
A2 USD (Net) -3.44 5.22 0.09 -17.57 -17.57 2.33 4.97 6.33 5.36
A2 USD (With Sales Charge)* -8.27 -0.04 -4.92 -21.69 -21.69 0.60 3.90 5.78 5.14
Balanced Index (55%S&P500/45% BBUSAgg) -3.37 5.11 0.13 -15.52 -15.52 3.32 5.50 7.51 5.80
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 2021/12/31)
1.87%

Portfolio

Top Holdings (As of 2022/12/31)
% OF FUND
Microsoft Corp 4.24
Apple Inc 2.72
UnitedHealth Group Inc 2.29
United States Treasury Note/Bond, 4.12%, 11/15/32 2.23
Mastercard Inc 2.11
United States Treasury Note/Bond, 0.12%, 08/31/23 2.00
Alphabet Inc 1.91
United States Treasury Note/Bond, 3.00%, 08/15/52 1.80
United States Treasury Note/Bond, 4.00%, 11/15/42 1.65
United States Treasury Note/Bond, 3.88%, 11/30/27 1.63
Total 22.58

Documents