BlackRock Tactical Growth Fund

The BlackRock Wholesale Balanced Fund is one of BlackRock’s longest standing strategies with a 25-year track history. It has consistently delivered top quartile performance vs. comparable funds in Australia.¹

Following a recent review, we have decided to implement a number of enhancements we believe will improve outcomes for investors, including a reduction in management fee on the fund to a competitive 0.85% p.a. (from the current fee of 0.95% p.a.).

We have also renamed the fund to BlackRock Tactical Growth Fund which we believe better reflects the dynamic nature of the fund’s investment approach.

Everything You Need to Know
in Two Minutes

Ron Montgomery, Portfolio Manager, Multi-Asset Strategies Group, BlackRock

The Fund’s Strategic Asset Allocation (SAA)* will also be adjusted, however, the approximate 70:30 split between growth and defensive assets remains unchanged. The enhancements include:

  • Additional flexibility for the portfolio managers to manage risk during periods of market extremes
  • A more diversified approach to strategic asset allocation, including an increasing exposure to international growth assets
  • Increased use of tactical asset allocation to take advantage of market conditions

* Further information on asset allocation and what the fund invests in can be found in the PDS.

Strategic asset allocation changes

 

 

Asset ClassPrevious SAA Weights2New SAA Weights3Change
Australian Equities 32.0% 30.0% -2.00%
Australian Listed Property 5.50% 0.00% -5.50%
International Equities (Unhedged) 21.05% 18.0% -3.05%
International Equities (Hedged)4 7.70% 11.0% 3.30%
International Listed Property (Unhedged) 0.00% 6.00% 6.00%
International Listed Property (Hedged)4 2.00% 0.00% -2.00%
Global Listed Infrastructure (Unhedged) 0.00% 3.00% 3.00%
Emerging Market Equities (Unhedged) 0.00% 3.00% 3.00%
Total growth assets68.25%71.00%2.75%
Australian Fixed Income 14.0% 15.0% 1.00%
International Fixed Income (Hedged)4 8.00% 6.0% -2.00%
Emerging Markets USD Bonds (Hedged)4 0.00% 3.00% 3.00%
Cash5 9.75% 5.00% -4.75%
Total defensive assets31.75%29.00%-2.75%
Total 100% 100%

1 Source: Morningstar, June 2017
Prior to 31 August 2017
As of 31 August 2017
4 100% hedged in AUD
5 The Fund’s cash allocation may include exposure to underlying funds through which active asset allocations are made.*


 

This is a summary of the features of the Fund. Please refer to the PDS for more information and the risks involved in investing in the Fund. Further details of the changes to the Fund can be downloaded in the Further Information section below.

 


If your investment is via a platform, please contact your platform provider for any further questions regarding fees.