Balanced invests in a mix of income assets (e.g. fixed interest) and growth assets (e.g. shares).

Benchmark asset allocation

Investment expectation

To provide medium level returns, with an associated moderate level of risk. As a guide to members, Balanced is expected to provide a long-term return after tax and investment expenses of 2.5% p.a. above the inflation rate, with the likelihood of a negative return approximately 1 year in every 3 and a small probability (approximately 1 year in 20) of any annual loss exceeding 10%.

Estimated fund charges

Estimated total annual fund charges (p.a. of net asset value).

Historical returns

Information about asset classes held by Balanced