HSBC Balanced R

Balanced mandate holding equity and fixed interest investments.

  • 146.20p Price (Inc)
  • 224.80p Price (Acc)
  • 4.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.70% Ongoing charges
  • 1.30% Yield

Prices as at 06 December 2019

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched September, 1992
Size £358m
Yield 1.30%
Charging basis Income
Dividends paid 15 Mar, 15 Sep

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.70%

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Investment process

This fund aims for long term growth together with some income by investing in a broad range of investments including UK and overseas shares, Government bonds, and fixed interest securities. It has a broad spread of investments so should be less volatile than unit trusts and OEICs that only invest in shares.

Manager research

Average monthly relative returns

  • 14/15 0.08%
  • 15/16 -0.19%
  • 16/17 -0.08%
  • 17/18 -0.27%
  • 18/19 -0.16%

Bestinvest MRI

  • 3 years -0.17%
  • 5 years -0.12%
  • Career -0.15%
  • 3 years 21.80%
  • 5 years 29.10%
  • Career 23.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Tobyn Dickinson / Oliver Gottlieb

Track record

Tobyn Dickinson / Oliver Gottlieb has 6.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.15%. During the worst period of relative performance (from May 2013 - September 2019) there was a decline of 11% relative to the index. The worst absolute loss has been 9%.

Periods of worst performance

Absolute -9.00% (May 2015 - September 2015)
Relative -11.00% (May 2013 - September 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Top 10 holdings

Data accurate as at 31 July 2019

9.27% Hsbc American Index Institutional Inc
6.91% Hsbc Gif Global Emerging Markets Bond Zq1hchf Chf
6.53% Hsbc European Index Inst Inc
5.67% Hsbc Ftse All-World Index Inst Inc
5.05% Hsbc Gif Global Emerg Mkts Bd Zq1
4.83% Hsbc Gif Global Real Estate Eq Zd
4.66% Hsbc Multi-Factor Worldwide Eq Zq Inc
3.53% Hsbc Gilt & Fixed Interest Inst Inc
3.2% Hsbc Pacific Index Inst Inc
3.03% Hsbc Gif Global Government Bond Zd
Source: Trustnet

Sector breakdown

Mutual Funds 75.00%
Financials 4.00%
Consumer Staples 4.00%
Industrials 4.00%
Energy 3.00%
Materials 3.00%
Health Care 2.00%
Consumer Discretionary 2.00%
Money Market 2.00%
Real Estate 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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