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Balanced managed

Diversification across shares, bonds and countries in one investment

A bias towards shares aims to deliver strong long-term returns, while additional investments in bonds and other assets are designed to reduce volatility when compared with a pure equity fund.

David Smith and Ziad Gergi, Fund Managers

Why invest?

This fund lets you leave the asset allocation and fund manager selection to us. It could be a good core holding or be used as part of a more diversified portfolio.

The fund aims to grow your money by investing in a variety of different investments. The majority of your money will be invested in shares. You’ll also get a mix of bonds and other investments to diversify the fund and help reduce risk.

Overall, the fund is a medium-to-high risk option. And as with most investments, you should plan to hold it for at least five years.

  • Shares in larger companies mainly in the US, UK and Europe with long-term growth potential (this could be up to 85% of the fund).
  • Bonds and other lower-risk investments which could help shelter your money in uncertain times.
  • At times, may hold emerging markets and smaller companies offering higher growth potential, but these increase risk.

Important - The value of this fund and the income from it can still fall, so you could get back less than you invested, especially over the short term. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Tax rules can change and benefits depend on individual circumstances.

This fund has a holding in LF Equity Income (formerly the Woodford Equity Income Fund), which is currently being wound up. This fund continues to trade as normal.

View factsheet

View the HL Multi-Manager Balanced Managed fund prospectus.

At a glance

Investment goal


Relative risk

Moderate to high

Invests in

74.2% Shares

19.7% Fixed Income

3.1% Cash

2.9% Other

Correct as at 30/04/2021



Not a reliable indicator of future income.

Correct as at 30/04/2022


OCF/TER 1.34%

(plus up to 0.45% p.a. platform charge)


Sell: 253.12 | Buy: 253.12

Correct as at 27/05/2022