BMO Balanced Fund A MDis USD

BMO 綜合平衡基金 (A類美元每月分派)

HK0000423845

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

On Holiday

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.98%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

12:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.05%
3 mth
+1.65%
6 mth
+3.02%
1 yr
+3.17%
3 yr
-
5 yr
-

Analytical Figures (3 years)

Annualized Return
-
Annualized Volatility
-
Sharpe Ratio
-

Fund Information

Fund Houses
BMO Global Asset Management (Asia) Limited
Launch Date
2018-07-08
Fund Manager
Team Managed
Manager Start Date
N/A
Geographical Focus
Global
Asset Class/ Sector
Balanced - Equity biased
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-09-18)
USD 1,358,675.44
Management Fee
0.98%
Latest Dividend
USD 0.025000 (2019-08-29)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.98%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

12:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-08-290.025000
2019-07-300.025000
2019-06-270.025000
2019-05-300.025000
2019-04-290.025000
2019-03-280.025000
2019-02-270.025000
2019-01-300.025000
2018-12-300.025000
2018-11-290.025000
2018-10-300.025000
2018-09-270.025000

Investment Objective

The investment objective of the Sub-Fund is to achieve long term capital growth while maintaining stable income. This will be achieved by investing primarily in a globally diversified portfolio of Underlying ETFs whose underlying assets cover the risk return spectrum. The Sub-Fund seeks to diversify its portfolio across a broad range of underlying asset classes and currencies globally, including emerging markets. Such underlying assets may include, but are not limited to equity securities, fixed income securities, commodities and money market instruments.
There can be no assurance that the Sub-Fund will achieve its investment objective.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus for details including the risk factors.
1. Investment risk
The Sub-Fund’s investment portfolio may decrease in value due to any of the key risk factors below and therefore your investment in the fund may suffer losses. There is no guarantee of the repayment of principal.
2. Risk relating to dynamic asset allocation strategy
The Sub-Fund may incur greater transaction costs than a fund with static allocation strategy. The dynamic asset allocation strategy may not achieve the desired results under all circumstances and market conditions.
3. Risk of investing in the Underlying ETFs
General: The Sub-Fund is a fund of ETFs and will be subject to the risks associated with the Underlying ETFs. The Sub-Fund does not have control over the investments of the Underlying ETFs and there is no assurance that the investment objective and strategy of the Underlying ETFs will be successfully achieved which may have a negative impact on the Net Asset Value of the Sub-Fund.
Liquidity risks: The Underlying ETFs may not be regulated by the SFC. There may be additional costs involved when investing in these Underlying ETFs. There is also no guarantee that the Underlying ETFs will always have sufficient liquidity to meet the Sub-Fund’s redemption requests as and when they are made.
Conflicts of interest risks: There may be potential conflicts of interest where the Sub-Fund invests in shares or units of an Underlying ETF managed by the Manager or its connected persons. In the event of such conflicts, the Manager will endeavour to ensure that such conflicts are resolved fairly and all transactions between the Sub-Fund and any of such Underlying ETFs are on an arm’s length basis.
Passive investment risks: The Underlying ETFs are passively managed and the manager of the Underlying ETFs will not have the discretion to adapt to market changes due to the inherent investment nature of the Underlying ETFs. Decreases in the underlying index of the Underlying ETFs are expected to result in corresponding decreases in the value of the Sub-Fund.
Tracking error risks: The Underlying ETFs may be subject to tracking error risk, which is the risk that their performance may not track that of the underlying index exactly. This tracking error may result from the investment strategy used, and fees and expenses. There can be no assurance of exact or identical replication at any time of the performance of the underlying index.
Trading risks: The units/shares of the Underlying ETFs in which the Sub-Fund invests may be traded at large discounts or premiums to their net asset value, which may in turn affect the Net Asset Value of the Sub-Fund.
4. Risk of investing in equity securities
General: The Sub-Fund and/or the Underlying ETFs’ investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
Small and mid-capitalisation companies: The Sub-Fund and/or the Underlying ETFs may invest in small and mid-capitalisation companies. The stocks of such companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.
5. Risk of investing in fixed income securities
Interest rate risk: The value of the Sub-Fund and/or the Underlying ETFs’ fixed income portfolio is subject to interest rate risk. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise.
Volatility and liquidity risk: The fixed income securities in certain markets may be subject to higher volatility and lower liquidity compared to more developed markets. The prices of securities traded in such markets may be subject to fluctuations. The bid and offer spreads of the price of such securities may be large and the Sub-Fund and/or the Underlying ETFs may incur significant trading costs.
Credit risk: The Sub-Fund and/or the Underlying ETFs are exposed to the credit/default risk of issuers of the debt securities that they may invest in.
Downgrading risk: The credit rating of a fixed income security or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund and/or the Underlying ETFs may be adversely affected. The Sub-Fund and/or the Underlying ETFs may or may not be able to dispose of the securities that are being downgraded.
Risk of investing in below investment grade and unrated fixed income securities: The Sub-Fund and/or the Underlying ETFs may invest in fixed income securities which (or the issuers of which) are rated below investment grade, or may not be rated by any rating agency of an international standard. Such securities are generally subject to a higher degree of volatility and credit risk, a lower degree of liquidity and greater risk of loss of principal and interest than high-rated debt securities.
Valuation risk: Valuation of the Sub-Fund and/or the Underlying ETFs’ investments may involve uncertainties and judgemental determinations. If such valuations are incorrect, this may affect the Net Asset Value calculation of the Sub-Fund and/or the Underlying ETFs.
Credit ratings risk: Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
6. Risks relating to investment in money market instruments
Investment in an Underlying ETF which invests in money market instruments is not the same as placing funds on deposit with a bank or deposit-taking company. The manager of the Underlying ETF has no obligation to redeem units / shares at the offer value and the Underlying ETF is not subject to the supervision of any regulator that regulates banks or deposit-taking companies. The Underlying ETF may suffer losses in trading such instruments which in turn may affect the Net Asset Value of the Sub-Fund.
7. Risk of investing in emerging markets
Some of the Underlying ETFs invest in emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.
8. Foreign exchange risk
Underlying investments of the Sub-Fund may be denominated in currencies other than the base currency of the Sub-Fund. Also, a class of units may be designated in a currency other than the base currency of the Sub-Fund. The Net Asset Value of the Sub-Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
9. Derivative risk
The Sub-Fund may from time to time invest in financial derivative instruments for hedging purposes. The use of such derivatives exposes the Sub-Fund to additional risks, including volatility risk, valuation risk, leverage risk, liquidity risk, correlation risk, counterparty/credit risk, legal risk, over-thecounter transaction risk and settlement risk.
10. Dividends risk / distributions payable out of capital or effectively out of capital risk
Payment of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of capital or effectively out of capital of the Sub-Fund may result in an immediate reduction of the Net Asset Value per Unit of the relevant class.

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