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PB AUSTRALIA DYNAMIC BALANCED FUND (PBADBF)
Fund Objective
Seeks to achieve income and capital growth over the medium to long term period. The fund will invest in equities primarily in the Australian market and the balance in New Zealand market. The balance of the fund's net asset value will be invested in fixed income securities and liquid assets.
3-Year
Fund Volatility
12.9
moderate
Lipper Analytics
12 Apr 2023
Launch Date
12 May 2009
Performance of PBADBF vs its Benchmark Index Over the Following Periods Ended 28/04/2023
PBADBF (%) Benchmark (%) PBADBF (%) Benchmark (%)
Total Return Annualised Return
-1.88 -2.13 -1.88 -2.13
28.54 27.04 8.75 8.32
25.32 22.28 4.62 4.11
39.23 39.58 3.37 3.39
119.68 90.15 5.82 4.73
*Source: Lipper, as at 28 Apr 2023
Performance of PBADBF and Benchmark Index (Since Fund Commencement* to 28/04/2023)
Benchmark: A composite of 60% S&P/ASX 200 Index and 40% 3-month Kuala Lumpur Interbank Offered Rates (KLIBOR).
* Commencement Date - 01 June 2009


  • PB Australia Dynamic Balanced Fund (PBADBF or the Fund) seeks to achieve income and capital growth over the medium- to long-term period by investing 40%-60% of its net asset value (NAV) in equities primarily in the Australian market and the balance in the New Zealand market. The Fund also adopts a balanced asset allocation approach by investing 40%-60% of its NAV in fixed income securities.
  • As at 28 April 2023, 53.2% of PBADBF’s NAV was invested in equities while 40.7% and 6.1% of its NAV were invested in fixed income securities and money market instruments respectively. The Fund’s equity portfolio focused on sectors such as financial, basic materials, consumer and energy in the Australian market.
  • For the 10-year period up to 28 April 2023, the Fund generated a total return of +39.23%. This performance was led by the Fund’s selected investments in the financial and consumer sectors amid higher dividend pay-outs by banking stocks and resilient consumption within the Australian economy. The Fund’s selected holdings of basic materials stocks also benefitted from the rise in commodity prices over the past 2 years.
  • For the 3- and 5-year periods ended 28 April 2023, the Fund registered respective returns of +28.54% and +25.32% to outperform its benchmark’s respective returns of +27.04% and +22.28%.
  • Going forward, the Fund may continue to be positioned in selected financial stocks which stand to benefit from the current environment of high interest rates, and may also increase its exposure to selected mining and consumer stocks which could benefit from China’s economic re-opening in tandem with the relaxation of its Covid-19 lockdown policies.


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