Download BT Core Hedged Global Share Fund

Fund Overview
BT Core Hedged
Global Share Fund
Fact Sheet
March 2017
Product Name
APIR
Inception Date
Fund Status
Distribution Frequency
Fund Size
BT Investment Funds
RFA0030AU
November 2001
Open
Annually
$15.55 million
ICR (Management Fee)
1.87%
Asset Class
Recommended Investment Timeframe
Risk Category
International Shares
5 years +
Aggressive
As at 30/06/2016
Latest unit prices (entry/exit) information is available at bt.com.au
Fund Management
The Fund is managed by an investment manager selected by BT Investment
Management (Institutional) Limited.
Investment Objective
The Fund aims to provide a return (before fees, costs and taxes) that exceeds the
MSCI World ex Australia (Standard) Index (Net Dividends) hedged to AUD over the
medium to long term.
Investment Strategy
The Fund is actively managed and seeks what the manager perceives to be the best
investment opportunities within a broad portfolio of international investments. Whilst
the Fund can invest in any international market that offers attractive opportunities,
most investments will be located in the United States, Europe and Japan.
Investment Performance
Growth of $10,000 invested
Since inception (net of ongoing fees)
40,000
Value ($)
30,000
20,000
10,000
0
200
1
200
3
200
5
200
7
200
9
201
1
201
3
201
5
Month Ended
BT Core Hedged Global Share Fund
Performance (%)
(as at 31/03/2017)
Income Return
3
months
1 year
(pa)
3 years
(pa)
Benchmark
5 years
Since
(pa)
Incep.(pa)
0.00
0.00
0.00
0.76
6.19
Growth Return
5.29
15.26
8.29
11.97
0.22
Total Return
5.29
15.26
8.29
12.74
6.41
Benchmark Return
5.70
18.82
10.34
13.77
8.05
Performance returns are calculated net of ICR (Management Fees) and pre tax.
Past performance is not a reliable indicator of future performance, the value of your investment
can go up and down. Performance figures are calculated in accordance with the Financial
Services Council (FSC) standards. Total returns are calculated to the last day of each month
(unless otherwise indicated) using exit prices and assuming reinvestment of distributions (which
may include net realised capital gains from the sale of fund assets). No allowance is made for
tax paid as an investor, other than withholding tax on foreign investments (if any).
Top Holdings
Asset Allocation
Holdings (as at 31/03/2017)
Apple Ord Shs
PNC Financial Services
Group Ord Shs
Microsoft Ord Shs
UnitedHealth Group Ord Shs
Wells Fargo Ord Shs
1.9%
Applied Material Ord Shs
1.2%
1.4%
SunTrust Banks Ord Shs
1.1%
1.4%
1.4%
1.2%
Delta Air Lines Ord Shs
Covestro Ord Shs
Johnson & Johnson Ord Shs
1.1%
1.1%
1.1%
Strategic Asset Allocation
International shares
Cash
Ranges
80-100
0-20
By Sector Allocation (as at 31/03/2017)
18.5%
Europe
6.4%
United Kingdom
Asia ex Japan
1.6%
Japan
8.5%
North America
63.9%
Cash & other
1.1%
0%
10%
20%
30%
40%
50%
60%
70%
Progress of the Portfolio
Investment
Pre fees and taxes the portfolio outperformed its benchmark during the March quarter, driven
by outperformance of active positioning within Europe, offset somewhat by
underperformance in North American markets. The US market was strong with the S&P 500
returning 6.05% for the quarter, however it ended the quarter on a slightly cautious tone as
concerns grew around Trump’s ability to get his fiscal policies through after failing with his
healthcare reforms. European markets were a lot stronger despite continuing political
concerns around the upcoming French elections, with the Eurostoxx 50 up 6.8%. The UK
market still managed a positive return of 2.5% despite triggering Article 50 to start the Brexit
process. Better than expected economic data as well as positive messages on outlook for
growth from the ECB saw German markets react positively, returning 7.8% for the quarter.
Shares in Asia were mixed. On the positive side the Hang Seng was up a strong 10.1% for
the quarter. The Nikkei (-0.14%) was down over the quarter as the yen climbed to its highest
level against the US dollar since November, on the back of rising US uncertainty.
Other Features
Make an initial investment of $5,000 or $2,000 if you set up a Regular Investment Plan. No
minimum investment required per Fund.
To invest with BT, ensure you have read the relevant Product Disclosure Statement (PDS) for this
fund and then complete a BT Online Application Form. Alternatively, you can request a PDS and
application form from our website or call BT Customer Relations.
BT Margin Lending will loan against this Fund via a BT Margin Loan. The Loan to Value Ratio
(LVR) for this Fund is 75%. Lending ratios are subject to change without notice.
BT Funds Management Limited ABN 63 002 916 458, AFSL 233724, BT Funds Management No. 2 Limited ABN 22 000 727 659, AFSL 233720 and Westpac
Financial Services Limited ABN 20 000 241 127, AFSL 233716 are the Responsible Entities of the BT Investment Funds Product Disclosure Statement (PDS). BT
Funds Management No. 2 Limited ABN 22 000 727 659, AFSL 233720 is the issuer of units in, the BT Core Hedged Global Share Fund (the Fund). A PDS and
Financial Services Guide (FSG) is available for the Fund and can be obtained by calling BT Customer Relations on 132 135, or visiting www.bt.com.au. You should
obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. The information in this flyer is factual only. It does
not constitute financial product advice. Before acting on this information you should seek independent financial and taxation advice to determine its appropriateness
to your objectives, financial situation and needs. This flyer provides an overview or summary only and it should not be considered a comprehensive statement on
any matter or relied upon as such.
Any investment in the Fund is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other
company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal
invested. Neither the Bank nor any other company in the Westpac Group has issued, stands behind or otherwise guarantees the capital value or investment
performance of the Fund.