Morningstar Balanced Real Return B - Managed Fund

Fund Objective

Aims to earn a rate of return that exceeds Consumer Price Index increases by at least 2.5% pa over rolling 5 year periods.

Fund Strategy

An actively managed multi-asset Fund with a long term average exposure of around 50% to growth assets such as shares, property and infrastructure and around 50% exposure to defensive assets such as cash and fixed interest. The Fund will be invested dynamically across managed funds, direct securities, exchange traded funds, foreign exchange contracts and/or derivatives. The Fund aims to deliver real returns whilst preserving capital over the targeted investment horizon.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-0.64%	1.19%	4.65%	14.36%	10.43%	5.99%	4.92%	5.51%
Growth return	-0.64%	1%	2.16%	-%	7.22%	2.42%	1.35%	0.93%
Income return	0%	0.19%	2.49%	-%	3.21%	3.57%	3.57%	4.58%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	-0.68%	1.17%	6.1%	16.84%	9.57%	3.59%	4.65%	5.92%

As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Morningstar Balanced Real Return B

Australian Equities: 8.93%

International Equities: 33.84%

Cash: 8.10%

Property: 3.18%

Fixed Interest: 38.53%

Alternatives: 7.41%

Average Allocation of Peers

Australian Equities: 15.92%

International Equities: 27.53%

Cash: 10.32%

Property: 3.95%

Fixed Interest: 35.46%

Alternatives: 6.82%

General Information

Fund Details

Type	Description
Fund Name	Morningstar Balanced Real Return B (Wholesale)
Responsible Entity	Morningstar Investment Management Austra
APIR Code	INT0029AU
Sector/Asset Class	Multisector Balanced
Morningstar Rating	(as at 30 Sep 2024)
Legal Structure	Investment Fund
Fund Inception	30 May 2001
Fund Size	$5.99 million (as at 30 Sep 2024)
Entry Price	$1.01103 (as at 5 Nov 2024)
Exit Price	$1.01004 (as at 5 Nov 2024)
Fund Status	Open

Offer information

Type	Description
MER	0.48% (as at 30 Sep 2023)
Indirect Cost Ratio (ICR)	0.49% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0.01
Minimum initial investment	$500,000
Minimum additional investments	$100,000
Minimum redemption amount	$100,000

Top 10 holdings (as at 31 Oct 2024)

Holding (as at 31 Oct 2024)	Type	% of Portfolio
Morningstar Australian Bonds Z	Mutual Fund - Open End	16.62%
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FAQs about the Morningstar Balanced Real Return B

What is the objective of the Morningstar Balanced Real Return B managed fund?

The objective of the Morningstar Balanced Real Return B managed fund is Aims to earn a rate of return that exceeds Consumer Price Index increases by at least 2.5% pa over rolling 5 year periods.

What is the strategy for the Morningstar Balanced Real Return B managed fund?

The strategy of the Morningstar Balanced Real Return B managed fund is An actively managed multi-asset Fund with a long term average exposure of around 50% to growth assets such as shares, property and infrastructure and around 50% exposure to defensive assets such as cash and fixed interest. The Fund will be invested dynamically across managed funds, direct securities, exchange traded funds, foreign exchange contracts and/or derivatives. The Fund aims to deliver real returns whilst preserving capital over the targeted investment horizon.

What is the APIR code of the Morningstar Balanced Real Return B managed fund?

The APIR code of the Morningstar Balanced Real Return B managed fund is INT0029AU.

What was Morningstar Balanced Real Return B’s total return last month?

Morningstar Balanced Real Return B’s total return last month was -0.64%. This was made up of a growth return of -0.64% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

What was Morningstar Balanced Real Return B’s total return for the last three months?

Morningstar Balanced Real Return B’s total return for the last three months was 1.19%. This was made up of a growth return of 1% and an income return of 0.19%%. These returns were calculated as at 31 Oct 2024.

What is Morningstar Balanced Real Return B’s one-year total return?

Morningstar Balanced Real Return B’s one-year total return is 14.36%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

What is Morningstar Balanced Real Return B’s three-year total return?

Morningstar Balanced Real Return B’s one-year total return is 5.99%. This was made up of a growth return of 2.42% and an income return of 3.57%. These returns were calculated as at 31 Oct 2024.

What is the asset allocation of the Morningstar Balanced Real Return B managed fund?

The asset allocation of the Morningstar Balanced Real Return B managed fund is :

Australian Equities: 8.93%

International Equities: 33.84%

Cash: 8.10%

Property: 3.18%

Fixed Interest: 38.53%

Alternatives: 7.41%

Who is the responsible Entity of the Morningstar Balanced Real Return B managed fund?

The Responsible Entity for the Morningstar Balanced Real Return B managed fund is Morningstar Investment Management Austra.

What sector/asset class does the Morningstar Balanced Real Return B managed fund belong to?

The Morningstar Balanced Real Return B managed fund belongs to the Multisector Balanced sector/asset class.

What is the size of the Morningstar Balanced Real Return B managed fund?

As at 30 Sep 2024, the size of the Morningstar Balanced Real Return B managed fund was $5.99 million.

What is the inception date of the Morningstar Balanced Real Return B managed fund?

The Morningstar Balanced Real Return B managed fund has an inception date of 30 May 2001.

What is the current entry price of the Morningstar Balanced Real Return B managed fund?

The current entry price of the Morningstar Balanced Real Return B managed fund is $1.01103 per unit and the current exit price is $1.01004 per unit (as at 5 Nov 2024).

What is the current exit price of the Morningstar Balanced Real Return B managed fund?

The current exit price of the Morningstar Balanced Real Return B managed fund is $1.01004 per unit and the current entry price is $1.01103 per unit (as at 5 Nov 2024).

What is the minimum investment amount for the Morningstar Balanced Real Return B managed fund?

The minimum initial investment amount for the Morningstar Balanced Real Return B managed fund is $500,000. Minimum additional investment is $100000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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