Westpac Variable Income Balanced Growth - Managed Fund (Closed)

Fund Objective

Aims to provide a high level of capital growth over the long term (at least five years) from a balanced portfolio of assets.

Fund Strategy

Invests either directly or indirectly through collective investments (such as life policies or unit trusts) so that the underlying assets of the Investment Option consist of a diversified portfolio of mainly growth assets (Australian and international shares and property) and to provide for the potential for long term capital growth.

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.

Average of peers ({{ fund.benchmark.peers.peerCount }})

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	3.47%	-2.04%	-3.32%	-2.79%	8.72%	3.69%	5.32%	6.95%
Growth return	-4.62%	-6.22%	-8.43%	-4.71%	7.04%	3.06%	4.59%	6.81%
Income return	8.09%	4.18%	5.11%	1.92%	1.68%	0.63%	0.73%	0.14%
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 Jul 2022. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Westpac Variable Income Balanced Growth

Australian Equities: 29.10%

International Equities: 30.65%

Cash: 3.53%

Property: 4.47%

Fixed Interest: 17.74%

Alternatives: 14.51%

Average Allocation of Peers

Australian Equities: 15.89%

International Equities: 27.54%

Cash: 10.32%

Property: 3.95%

Fixed Interest: 35.46%

Alternatives: 6.84%

General Information

Fund Details

Type	Description
Fund Name	Westpac Variable Income Balanced Growth
Fund Status	Closed
Responsible Entity	Westpac Life Insurance Services Limited
APIR Code	WFS0042AU
Sector/Asset Class	Multisector Balanced
Morningstar Rating	(as at 31 Jul 2022)
Legal Structure	Allocated Pension
Fund Inception	1 May 1997
Fund Size	$0 million (as at 30 Sep 2022)
Entry Price	$4.5576 (as at 29 Jul 2022)
Exit Price	$4.5576 (as at 29 Jul 2022)
Fund Status	Finalised

Offer information

Type	Description
Standard entry fee	3%
Indirect Cost Ratio (ICR)	1.92% (as at 30 Jun 2021)
Performance fee (not included in ICR)	0
Minimum initial investment	$3,000.00
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023)	Type	% of Portfolio
BT Investor Choice Australian Growth Shr	Mutual Fund - Open End	24.16%
Login now to view the complete list of holdings.

FAQs about the Westpac Variable Income Balanced Growth

What is the objective of the Westpac Variable Income Balanced Growth managed fund?

The objective of the Westpac Variable Income Balanced Growth managed fund is Aims to provide a high level of capital growth over the long term (at least five years) from a balanced portfolio of assets.

What is the strategy for the Westpac Variable Income Balanced Growth managed fund?

The strategy of the Westpac Variable Income Balanced Growth managed fund is Invests either directly or indirectly through collective investments (such as life policies or unit trusts) so that the underlying assets of the Investment Option consist of a diversified portfolio of mainly growth assets (Australian and international shares and property) and to provide for the potential for long term capital growth.

What is the APIR code of the Westpac Variable Income Balanced Growth managed fund?

The APIR code of the Westpac Variable Income Balanced Growth managed fund is WFS0042AU.

What was Westpac Variable Income Balanced Growth’s total return last month?

Westpac Variable Income Balanced Growth’s total return last month was 3.47%. This was made up of a growth return of -4.62% and an income return of 8.09%. These returns were calculated as at 31 Jul 2022.

What was Westpac Variable Income Balanced Growth’s total return for the last three months?

Westpac Variable Income Balanced Growth’s total return for the last three months was -2.04%. This was made up of a growth return of -6.22% and an income return of 4.18%%. These returns were calculated as at 31 Jul 2022.

What is Westpac Variable Income Balanced Growth’s one-year total return?

Westpac Variable Income Balanced Growth’s one-year total return is -2.79%. This was made up of a growth return of -4.71% and an income return of 1.92%. These returns were calculated as at 31 Jul 2022.

What is Westpac Variable Income Balanced Growth’s three-year total return?

Westpac Variable Income Balanced Growth’s one-year total return is 3.69%. This was made up of a growth return of 3.06% and an income return of 0.63%. These returns were calculated as at 31 Jul 2022.

What is the asset allocation of the Westpac Variable Income Balanced Growth managed fund?

The asset allocation of the Westpac Variable Income Balanced Growth managed fund is :

Australian Equities: 29.10%

International Equities: 30.65%

Cash: 3.53%

Property: 4.47%

Fixed Interest: 17.74%

Alternatives: 14.51%

Who is the responsible Entity of the Westpac Variable Income Balanced Growth managed fund?

The Responsible Entity for the Westpac Variable Income Balanced Growth managed fund is Westpac Life Insurance Services Limited.

What sector/asset class does the Westpac Variable Income Balanced Growth managed fund belong to?

The Westpac Variable Income Balanced Growth managed fund belongs to the Multisector Balanced sector/asset class.

What is the size of the Westpac Variable Income Balanced Growth managed fund?

As at 30 Sep 2022, the size of the Westpac Variable Income Balanced Growth managed fund was $0 million.

What is the inception date of the Westpac Variable Income Balanced Growth managed fund?

The Westpac Variable Income Balanced Growth managed fund has an inception date of 1 May 1997.

What is the current entry price of the Westpac Variable Income Balanced Growth managed fund?

The current entry price of the Westpac Variable Income Balanced Growth managed fund is $4.5576 per unit and the current exit price is $4.5576 per unit (as at 29 Jul 2022).

What is the current exit price of the Westpac Variable Income Balanced Growth managed fund?

The current exit price of the Westpac Variable Income Balanced Growth managed fund is $4.5576 per unit and the current entry price is $4.5576 per unit (as at 29 Jul 2022).

What is the minimum investment amount for the Westpac Variable Income Balanced Growth managed fund?

The minimum initial investment amount for the Westpac Variable Income Balanced Growth managed fund is $3,000. Minimum additional investment is $0.

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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