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WS Bentley US Dollar Balanced (Offshore) Fund Holdings

Portfolio Holdings as at 18 March 2026

  • Equities 47.7%
  • Thematic 10.2%
  • Amundi Core MSCI China A Swap ETF GBP Dist 1.8%
  • Amundi Core MSCI China A Swap ETF USD Dist 1.0%
  • Fundsmith Equity Fund I Acc 1.6%
  • Fundsmith Equity Fund SICAV USD I Acc 0.9%
  • Xtrackers MSCI India Swap ETF GBP 1.6%
  • Xtrackers MSCI India Swap ETF USD 0.9%
  • Xtrackers MSCI USA Health Care ETF USD Inc 2.4%
  • US 26.7%
  • iShares Core S&P 500 ETF 4.2%
  • L&G US Equity ETF USD 5.0%
  • SPDR S&P 500 UCITS ETF 12.2%
  • Vanguard S&P 500 ETF 5.3%
  • UK 2.2%
  • Amundi UK Equity All Cap ETF GBP 2.2%
  • Europe ex UK 4.4%
  • HSBC Euro Stoxx 50 UCITS ETF USD Inc (Offshore) 4.4%
  • Japan 2.2%
  • Amundi Prime Japan UCITS ETF USD 2.2%
  • Emerging Markets 2.0%
  • HSBC MSCI EM ETF 2.0%
  • Nominal Bonds 23.6%
  • US Treasury 1.875% 28/02/29 6.1%
  • US Treasury 4.5% 15/11/33 1.3%
  • US Treasury 3.875% 15/08/34 6.8%
  • US Treasury 4.5% 15/02/36 9.4%
  • Inflation-Linked Bonds 4.4%
  • US TIPS 0.25% 15/07/29 4.4%
  • Alternatives 11.2%
  • DUNN WMA Inst. UCITS USD B Acc 1.8%
  • Fulcrum Equity Dispersion I USD 1.8%
  • Icosa Cat Bond SI2 1.9%
  • Royal Mint Responsibly Sourced Gold ETC 2.4%
  • Twelve Cat Bond 1.5%
  • Winton Trend USD I Acc 1.8%
  • Cash 13.2%
  • BlackRock ICS USD USBF Acc Premier Class 2.1%
  • Cash Balance 11.1%
Source: Bentley Reid
  • Top 5 Stock Positions as at 28 February 2026 Position Size
  • Nvidia Corp 2.0%
  • Apple Inc 1.8%
  • Microsoft Corp 1.5%
  • Amazon Inc 1.0%
  • Meta Platform 0.9%
Source: Bloomberg
  • Top 5 Yield Positions as at 28 February 2026 Position size Yield
  • Icosa Cat Bond SI2 – USD Acc 2.6% 6.6%
  • Twelve Cat Bond SI2 USD Inc 2.1% 6.5%
  • US Treasury 4.5% 15/02/2036 5.9% 3.9%
  • US Treasury 3.875% 15/08/2034 8.6% 3.9%
  • US Treasury 4.5% 15/11/2033 1.8% 3.8%
Source: Bentley Reid, Bloomberg
  • Currency Exposure as at 28 February 2026 Position Size
  • USD 79.8%
  • EUR 4.7%
  • RMB 4.2%
  • GBP 3.1%
  • INR 2.8%
  • JPY 2.5%
  • Gold 2.5%
  • Other 0.4%
Source: Bentley Reid, Bloomberg

Disclaimer

REGULATORY INFORMATION: The WS Bentley US Dollar Balanced (Offshore) fund is a sub-fund of the WS Bentley Investment Funds. Bentley Capital Ltd. (licensed by the SFC in Hong Kong) acts as investment manager to the fund who in turn,  has appointed Bentley Reid & Co (UK) Ltd as sub-adviser to each Sub-fund. The Management Company of the Fund is Waystone Management Company (IE) Limited which is authorised and regulated by the Central Bank of Ireland. The Company has obtained the approval of the Central Bank for the establishment of the Fund as a UCITS pursuant to the UCITS Regulations. This document is for information purposes only and should not be considered as an offer to sell, or a solicitation of an offer to buy. The data is sourced from a combination of Bentley Reid & Co (UK) Ltd’s proprietary systems and Bloomberg. Where quoted, stock yield relates to the latest available dividend yield in local currency terms and is sourced from Bloomberg. Bond yields are also sourced from Bloomberg and are the latest hold-to-maturity yield in the currency of the bond issue. For inflation-linked bonds, a nominal yield is shown and calculated by adding a market-derived figure for medium-term inflation expectations to the quoted real yield. The value of investments may fall as well as rise and fluctuations in currency exchange rates may affect their value and you may not get back the amount originally invested.