Colonial Defensive - Managed Fund

Fund Objective

To allocate 90% of the investments to defensive assets such as fixed interest and cash to provide the portfolio with relatively stable returns. 10% of the portfolio is allocated to growth assets, such as shares and property securities, to improve diversification and performance. In order to provide additional diversification, the portfolio is allocated across a number of leading investment managers.

Fund Strategy

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}

Peers

Benchmark ({{ fund.benchmark.name }})

{{ fund.model.name }}

The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.37%	0.22%	1.88%	4.7%	4.94%	4.69%	2.17%	2.79%
Growth return	-0.55%	-0.18%	0.65%	2.52%	2.38%	2.93%	-0.19%	-0.49%
Income return	0.92%	0.4%	1.23%	2.18%	2.56%	1.76%	2.36%	3.28%
Market index (Morningstar AUS Con Tgt Alloc NR AUD)
Total return	0.34%	-0.48%	0.72%	3.84%	4.23%	3.95%	1.53%	2.74%

As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial Defensive

Australian Equities: 9.74%

Cash: 8.67%

Fixed Interest: 81.59%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 11.96%

Cash: 23.34%

Fixed Interest: 59.88%

International Equities: 1.65%

Property & Infrastructure: 1.06%

Alternatives: 2.12%

General Information

Fund Details

Type	Description
Fund Name	Colonial Defensive
Responsible Entity	Colonial First State Investments Limited
APIR Code	FSF0487AU
Sector/Asset Class	Multisector Conservative
Morningstar Rating	(as at 31 Dec 2025)
Legal Structure	Investment Fund
Fund Inception	2 May 2002
Fund Size	$89934882 million (as at 31 Dec 2025)
Entry Price	$0.9843 (as at 28 Jan 2026)
Exit Price	$0.9814 (as at 28 Jan 2026)
Fund Status	Open

Offer information

Type	Description
MER	0.87% (as at 22 Nov 2025)
Indirect Cost Ratio (ICR)	0.87% (as at 30 Jun 2025)
Minimum initial investment	$20,000
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025)	Type	% of Portfolio
Aust 3yr Bond Fut Dec25	Currency - Forward	2.72%
Login now to view the complete list of holdings.

Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

How to Assess your Managed Fund: And How to Choose the Next One

Your managed fund switching checklist. Is fear of capital gains tax holding you back?

The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.

Guide to tidying up your Portfolio Manager holdings

FAQs about the Colonial Defensive

What is the objective of the Colonial Defensive managed fund?

The objective of the Colonial Defensive managed fund is To allocate 90% of the investments to defensive assets such as fixed interest and cash to provide the portfolio with relatively stable returns. 10% of the portfolio is allocated to growth assets, such as shares and property securities, to improve diversification and performance. In order to provide additional diversification, the portfolio is allocated across a number of leading investment managers.

What is the strategy for the Colonial Defensive managed fund?

The strategy of the Colonial Defensive managed fund is To allocate 90% of the investments to defensive assets such as fixed interest and cash to provide the portfolio with relatively stable returns. 10% of the portfolio is allocated to growth assets, such as shares and property securities, to improve diversification and performance. In order to provide additional diversification, the portfolio is allocated across a number of leading investment managers.

What is the APIR code of the Colonial Defensive managed fund?

The APIR code of the Colonial Defensive managed fund is FSF0487AU.

What was Colonial Defensive’s total return last month?

Colonial Defensive’s total return last month was 0.37%. This was made up of a growth return of -0.55% and an income return of 0.92%. These returns were calculated as at 31 Jan 2026.

What was Colonial Defensive’s total return for the last three months?

Colonial Defensive’s total return for the last three months was 0.22%. This was made up of a growth return of -0.18% and an income return of 0.4%%. These returns were calculated as at 31 Jan 2026.

What is Colonial Defensive’s one-year total return?

Colonial Defensive’s one-year total return is 4.7%. This was made up of a growth return of 2.52% and an income return of 2.18%. These returns were calculated as at 31 Jan 2026.

What is Colonial Defensive’s three-year total return?

Colonial Defensive’s one-year total return is 4.69%. This was made up of a growth return of 2.93% and an income return of 1.76%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the Colonial Defensive managed fund?

The asset allocation of the Colonial Defensive managed fund is :

Australian Equities: 9.74%

Cash: 8.67%

Fixed Interest: 81.59%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Colonial Defensive managed fund?

The Responsible Entity for the Colonial Defensive managed fund is Colonial First State Investments Limited.

What sector/asset class does the Colonial Defensive managed fund belong to?

The Colonial Defensive managed fund belongs to the Multisector Conservative sector/asset class.

What is the size of the Colonial Defensive managed fund?

As at 31 Dec 2025, the size of the Colonial Defensive managed fund was $89934882 million.

What is the inception date of the Colonial Defensive managed fund?

The Colonial Defensive managed fund has an inception date of 2 May 2002.

What is the current entry price of the Colonial Defensive managed fund?

The current entry price of the Colonial Defensive managed fund is $0.9843 per unit and the current exit price is $0.9814 per unit (as at 28 Jan 2026).

What is the current exit price of the Colonial Defensive managed fund?

The current exit price of the Colonial Defensive managed fund is $0.9814 per unit and the current entry price is $0.9843 per unit (as at 28 Jan 2026).

What is the minimum investment amount for the Colonial Defensive managed fund?

The minimum initial investment amount for the Colonial Defensive managed fund is $20,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

What our members say about us