HSBC Balanced R

Balanced mandate holding equity and fixed interest investments.

  • 152.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 235.10p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 4.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.70%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.30%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 12 February 2020

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched September, 1992
Size £365m
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%

Allocation

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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

  • 15/16 -0.19%
  • 16/17 -0.08%
  • 17/18 -0.27%
  • 18/19 -0.16%
  • 19/20 0.08%

Bestinvest MRI

  • 3 years -0.12%
  • 5 years -0.12%
  • Career -0.12%
  • 3 years 35.20%
  • 5 years 30.50%
  • Career 34.10%

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 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. During the worst period of relative performance (from May 2013 - March 2020) there was a decline of 13% relative to the index. The worst absolute loss has been 17%.

Periods of worst performance

Absolute -17.00% (December 2019 - March 2020)
Relative -13.00% (May 2013 - March 2020)

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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

7.75% Hsbc American Index Institutional Inc
7.49% Hsbc Ftse All-World Index Inst Inc
7.3% Hsbc Multi-Factor Worldwide Eq Zq Inc
7.02% Hsbc Us Multi-Factor Eq Instl Inc
6.24% Hsbc Gif Global Em Local Dbt Zq1
5.71% Hsbc Ftse All Share Index Inst Inc
4.85% Hsbc Gif Global Em Bd Zq1
4.85% Hsbc European Index Inst Inc
3.64% Hsbc Gif Global Hi Yld Bd Zq1
2.38% Struct Gs Cross Asset Trend E Usd Acc
Source: Trustnet

Sector breakdown

Consumer Staples 17.00%
Financials 16.00%
Industrials 16.00%
Health Care 11.00%
Consumer Discretionary 10.00%
Energy 10.00%
Materials 10.00%
Utilities 3.00%
Communications 2.00%
Information Technology 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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