First Conservative Balanced Pen

45555

First Conservative Balanced Pen 45555 Strategy

This option is designed to provide more stable returns than the Shares Plus, Growth or Balanced options. It is at the lower end of the risk / return range and is likely to underperform against the Shares Plus, Growth or Balanced options over the medium to long term.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.

Funds News & Analysis

funds

Listed Investment Companies monthly performance: October 2025

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).
funds

Chart of the Week: Where active managers outperform their passive peers

Our latest Active/Passive Barometer report.
funds

Debunking myths in private credit

Looking beyond the marketing claims of private credit products.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries8,686.308.30-0.10%
CAC 407,963.7917.28-0.22%
DAX 4023,155.02123.83-0.53%
Dow JONES (US)45,752.26339.48-0.74%
FTSE 1009,489.4638.19-0.40%
HKSE25,220.02615.55-2.38%
NASDAQ22,078.05486.18-2.15%
Nikkei 22548,625.881,198.06-2.40%
NZX 50 Index13,419.4020.00-0.15%
S&P 5006,538.76103.40-1.56%
S&P/ASX 2008,416.500.000.00%
SSE Composite Index3,834.8996.16-2.45%

Market Movers