Multi Asset

BlackRock Balanced Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Ex-Date CPU
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  1y 3y 5y 10y Incept.
9.18 5.99 7.55 6.66 6.62
Benchmark (%) 9.20 5.87 7.22 7.50 7.93
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.36 1.36 8.86 3.86 9.18 19.07 43.87 90.52 664.93
Benchmark (%) 1.03 1.03 9.23 3.92 9.20 18.67 41.72 106.15 1,028.10
  2019 2020 2021 2022 2023
Total Return (%) 19.72 5.41 13.53 -8.06 12.43
Benchmark (%) 19.87 3.41 14.16 -8.81 12.69

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

Incept.: The date on which the first fund/share class unit creation was processed.

The performance quoted represents past performance and does not guarantee future results.

Key Facts

Key Facts

Net Assets of Fund as of 21-Feb-2024 AUD 16,285,514.790
Share Class Launch Date 30-Apr-1992
Fund Inception 30-Apr-1992
Share Class Currency AUD
Fund Base Currency AUD
Asset Class Multi Asset
Shares Outstanding as of 21-Feb-2024 14,182,314
Management Fee 0.85
ISIN AU60PWA00132
Distribution Frequency Semi-Annual
Domicile Australia
APIR PWA0013AU
Size of Class (Millions) as of 21-Feb-2024 AUD 16.29

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 31-Jan-2024 0.12%
MSCI - UN Global Compact Violators as of 31-Jan-2024 1.48%
MSCI - Nuclear Weapons as of 31-Jan-2024 0.09%
MSCI - Thermal Coal as of 31-Jan-2024 1.47%
MSCI - Civilian Firearms as of 31-Jan-2024 0.01%
MSCI - Oil Sands as of 31-Jan-2024 0.04%
MSCI - Tobacco as of 31-Jan-2024 0.20%

Business Involvement Coverage as of 31-Jan-2024 62.93%
Percentage of Fund not covered as of 31-Jan-2024 37.07%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 1.57% and for Oil Sands 0.17%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager incorporates ESG considerations in the strategic asset allocation construction phase of the investment process. Where feasible and appropriate for the portfolio, active strategies that integrate ESG considerations may be considered as alternatives to strategies that otherwise do not incorporate ESG. For strategies with an explicit ESG objective, ESG Impact and Thematic strategies are considered for inclusion along with ESG Enhanced or ESG Screened index strategies. The Fund manager reviews strategic asset allocations periodically and reassesses strategies for inclusion in the portfolio. For strategies with an explicit ESG objective, where an ESG- focused building block becomes available, it may be considered as a replacement for standard market capitalized exposures. Both the extent and impact of screens and integration are assessed for suitability in the context of the investment objective of the strategy. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group. These reviews include discussion, where appropriate for the Fund, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors. The Fund manager additionally has access to standardized ESG criteria (which may include headline ESG ratings or carbon footprint, if relevant), sourced from Aladdin, which may be used during the reporting phase.

Portfolio Managers

Portfolio Managers

Michael McCorry
Michael McCorry
Karsten Kumpf
Karsten Kumpf
Ron Montgomery
Ron Montgomery

Literature

Literature