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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.
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:
* Further information on asset allocation and what the fund invests in can be found in the PDS.
Asset Class | Previous SAA Weights2 | New SAA Weights3 | Change |
---|---|---|---|
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 assets | 68.25% | 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 assets | 31.75% | 29.00% | -2.75% |
Total | 100% | 100% |
1 Source: Morningstar, June 2017
2 Prior to 31 August 2017
3 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.