Colonial FirstChoice Investments - Acadian Australian Equity Long/Short - Managed Fund

Fund Objective

To maximise risk-adjusted; long-term returns by investing in undervalued stocks and short selling overvalued stocks listed on the Australian Securities Exchange while carefully controlling portfolio risk and transaction costs. The fund aims to outperform the S&P/ASX 300 Accumulation Index over rolling fouryear periods before fees and taxes.

Fund Strategy

The fund's investment strategy is based on the belief that markets are inefficient; creating price anomalies that can be exploited by a disciplined; objective investment process. Acadian Australia's investment approach employs structured stock and peer group valuation models; which are designed to capture a broad range of relevant characteristics such as quality; value; earnings growth and price-related factors.

Fund Performance Comparison

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Peers

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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.

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Fees Comparison

% p.a.

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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	-1.2%	3.3%	12.58%	32.69%	16.32%	11.6%	9.94%	9.25%
Growth return	-1.2%	3.3%	11.4%	-%	11.62%	6.41%	5.73%	5.18%
Income return	0%	0%	1.18%	-%	4.7%	5.19%	4.21%	4.07%
Market index (S&P/ASX 200 TR AUD)
Total return	-1.31%	2.1%	8.44%	24.89%	13.39%	8.01%	8.17%	8.32%

As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice Investments - Acadian Australian Equity Long/Short

Australian Equities: 97.06%

International Equities: 0.50%

Cash: 2.44%

Property: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.36%

International Equities: 4.21%

Cash: -0.08%

Property: 2.11%

Fixed Interest: 0.40%

Alternatives: 0.01%

General Information

Fund Details

Type	Description
Fund Name	Colonial FirstChoice Investments - Acadian Australian Equity Long/Short
APIR Code	FSF0814AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 31 Oct 2024)
Legal Structure	Investment Fund
Fund Inception	6 Mar 2006
Fund Size	$4.34 million (as at 31 Oct 2024)
Entry Price	$1.8666 (as at 20 Nov 2024)
Exit Price	$1.861 (as at 20 Nov 2024)
Fund Status	Open

Offer information

Type	Description
MER	1.14% (as at 16 Nov 2024)
Indirect Cost Ratio (ICR) - Estimated	1.14% (as at 30 Jun 2024) (Estimated)
Performance fee (included in ICR)	0
Minimum initial investment	$20,000
Minimum redemption amount

Top 10 holdings (as at 29 Feb 2020)

Holding (as at 29 Feb 2020)	Type	% of Portfolio
Commonwealth Bank of Australia	Equity	7.64%
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FAQs about the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short

What is the objective of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The objective of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund is To maximise risk-adjusted; long-term returns by investing in undervalued stocks and short selling overvalued stocks listed on the Australian Securities Exchange while carefully controlling portfolio risk and transaction costs. The fund aims to outperform the S&P/ASX 300 Accumulation Index over rolling fouryear periods before fees and taxes.

What is the strategy for the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The strategy of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund is The fund's investment strategy is based on the belief that markets are inefficient; creating price anomalies that can be exploited by a disciplined; objective investment process. Acadian Australia's investment approach employs structured stock and peer group valuation models; which are designed to capture a broad range of relevant characteristics such as quality; value; earnings growth and price-related factors.

What is the APIR code of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The APIR code of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund is FSF0814AU.

What was Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s total return last month?

Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s total return last month was -1.2%. This was made up of a growth return of -1.2% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

What was Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s total return for the last three months?

Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s total return for the last three months was 3.3%. This was made up of a growth return of 3.3% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

What is Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s one-year total return?

Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s one-year total return is 32.69%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

What is Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s three-year total return?

Colonial FirstChoice Investments - Acadian Australian Equity Long/Short’s one-year total return is 11.6%. This was made up of a growth return of 6.41% and an income return of 5.19%. These returns were calculated as at 31 Oct 2024.

What is the asset allocation of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The asset allocation of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund is :

Australian Equities: 97.06%

International Equities: 0.50%

Cash: 2.44%

Property: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund belong to?

The Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

As at 31 Oct 2024, the size of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund was $4.34 million.

What is the inception date of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund has an inception date of 6 Mar 2006.

What is the current entry price of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The current entry price of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund is $1.8666 per unit and the current exit price is $1.861 per unit (as at 20 Nov 2024).

What is the current exit price of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The current exit price of the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund is $1.861 per unit and the current entry price is $1.8666 per unit (as at 20 Nov 2024).

What is the minimum investment amount for the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short managed fund?

The minimum initial investment amount for the Colonial FirstChoice Investments - Acadian Australian Equity Long/Short 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.

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