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  5. Colonial FirstChoice Pension - FSI Geared Share - Managed fund profile

Colonial FirstChoice Pension - FSI Geared Share - Managed Fund (Closed)

Fund Objective
To magnify long-term returns from capital growth by borrowing to invest in large Australian companies. The option aims to outperform the S&P/ASX 100 Accumulation Index over rolling seven year periods before fees and taxes.
Fund Strategy
The fund's strategy is based on the belief that, over the medium-to-long term, stock prices are driven by the ability of management to generate excess returns over their cost of capital in their chosen industry. The fund generally invests in large, high quality companies with strong balance sheets and earnings. The fund utilises gearing to magnify returns from underlying investments. The fund predominantly invests in Australian companies and therefore does not hedge currency risk.

Fund Performance Comparison

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Fees Comparison

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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.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -4.4% 1.16% 9.86% 8.1% 12.32% 13.36% 16.13% 16.15%
Growth return -4.4% 1.16% 9.86% 8.1% 12.32% 13.36% 16.13% 16.15%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
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 28 Feb 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice Pension - FSI Geared Share
Australian Equities
192.49%
International Equities
21.27%
Cash
-113.75%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.29%
International Equities
4.30%
Cash
-0.11%
Property
2.11%
Fixed Interest
0.40%
Alternatives
0.01%

General Information

Fund Details
Type Description
Colonial FirstChoice Pension - FSI Geared Share
Closed
FSF0358AU
Equity Australia Large Geared
starstarstarstarstar (as at 28 Feb 2023)
Allocated Pension
13 May 2002
$19.85 million (as at 28 Feb 2023)
$13.0487 (as at 17 Mar 2023)
$12.9322 (as at 17 Mar 2023)
Finalised
Offer information
Type Description
MER 2.19% (as at 21 Nov 2022)
Indirect Cost Ratio (ICR) - Estimated 2.18% (as at 30 Jun 2022) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Apr 2022)

Holding (as at 30 Apr 2022) Type % of Portfolio
BHP Group Ltd Equity 11.73%
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FAQs about the Colonial FirstChoice Pension - FSI Geared Share

The objective of the Colonial FirstChoice Pension - FSI Geared Share managed fund is To magnify long-term returns from capital growth by borrowing to invest in large Australian companies. The option aims to outperform the S&P/ASX 100 Accumulation Index over rolling seven year periods before fees and taxes.

The strategy of the Colonial FirstChoice Pension - FSI Geared Share managed fund is The fund's strategy is based on the belief that, over the medium-to-long term, stock prices are driven by the ability of management to generate excess returns over their cost of capital in their chosen industry. The fund generally invests in large, high quality companies with strong balance sheets and earnings. The fund utilises gearing to magnify returns from underlying investments. The fund predominantly invests in Australian companies and therefore does not hedge currency risk.

The APIR code of the Colonial FirstChoice Pension - FSI Geared Share managed fund is FSF0358AU.

Colonial FirstChoice Pension - FSI Geared Share’s total return last month was -4.4%. This was made up of a growth return of -4.4% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - FSI Geared Share’s total return for the last three months was 1.16%. This was made up of a growth return of 1.16% and an income return of 0%%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - FSI Geared Share’s one-year total return is 8.1%. This was made up of a growth return of 8.1% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - FSI Geared Share’s one-year total return is 13.36%. This was made up of a growth return of 13.36% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

The asset allocation of the Colonial FirstChoice Pension - FSI Geared Share managed fund is :

Australian Equities
192.49%
International Equities
21.27%
Cash
-113.75%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Colonial FirstChoice Pension - FSI Geared Share managed fund belongs to the Equity Australia Large Geared sector/asset class.

As at 28 Feb 2023, the size of the Colonial FirstChoice Pension - FSI Geared Share managed fund was $19.85 million.

The Colonial FirstChoice Pension - FSI Geared Share managed fund has an inception date of 13 May 2002.

The current entry price of the Colonial FirstChoice Pension - FSI Geared Share managed fund is $13.0487 per unit and the current exit price is $12.9322 per unit (as at 17 Mar 2023).

The current exit price of the Colonial FirstChoice Pension - FSI Geared Share managed fund is $12.9322 per unit and the current entry price is $13.0487 per unit (as at 17 Mar 2023).

The minimum initial investment amount for the Colonial FirstChoice Pension - FSI Geared Share managed fund is $20,000. Minimum additional investment is $0.

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.