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  5. Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income - Managed fund profile

Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income - Managed Fund

Fund Objective
The option aims to provide a higher level of tax-effective income with a lower level of risk than the S&P/ASX 200 Accumulation Index, whilst also aiming to outperform the composite benchmark (70% S&P/ASX 200 Accumulation Index, 30% Bloomberg Ausbond Bank Bill Index) on a total return basis over rolling 3 year periods before fees and taxes.
Fund Strategy
Merlon's investment approach is to construct a portfolio of undervalued companies, based on sustainable free cash flow, in broadly equal weights whilst using options to overlay downside protection on holdings with poor short-term momentum characteristics. An outcome of the investment style is a higher level of tax-effective income along with the potential for capital growth over the medium-term.

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 1.79% 2.37% 5.18% 17.22% 9.25% 12.28% 7.94% 8.15%
Growth return 1.79% 2.37% 5.18% 17.22% 9.25% 12.28% 7.94% 8.15%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (S&P/ASX 200 TR AUD)
Total return 3.79% 5.47% 11.53% 23.42% 11.9% 9.55% 8.28% 9.08%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income
Australian Equities
60.47%
International Equities
7.26%
Cash
32.27%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.64%
International Equities
4.14%
Cash
-0.31%
Property
2.16%
Fixed Interest
0.40%
Alternatives
-0.03%

General Information

Fund Details
Type Description
Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income
FSF0950AU
Australia Equity Income
starstarstarstar (as at 31 Jan 2017)
Allocated Pension
19 May 2008
$105.92 million (as at 31 Oct 2024)
$3.1439 (as at 20 Dec 2024)
$3.1345 (as at 20 Dec 2024)
Open
Offer information
Type Description
MER 1.20% (as at 16 Nov 2024)
Indirect Cost Ratio (ICR) - Estimated 1.21% (as at 30 Jun 2024) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Jul 2024)

Holding (as at 31 Jul 2024) Type % of Portfolio
Coles Group Ltd Equity 5.59%
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FAQs about the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income

The objective of the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund is The option aims to provide a higher level of tax-effective income with a lower level of risk than the S&P/ASX 200 Accumulation Index, whilst also aiming to outperform the composite benchmark (70% S&P/ASX 200 Accumulation Index, 30% Bloomberg Ausbond Bank Bill Index) on a total return basis over rolling 3 year periods before fees and taxes.

The strategy of the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund is Merlon's investment approach is to construct a portfolio of undervalued companies, based on sustainable free cash flow, in broadly equal weights whilst using options to overlay downside protection on holdings with poor short-term momentum characteristics. An outcome of the investment style is a higher level of tax-effective income along with the potential for capital growth over the medium-term.

The APIR code of the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund is FSF0950AU.

Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income’s total return last month was 1.79%. This was made up of a growth return of 1.79% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income’s total return for the last three months was 2.37%. This was made up of a growth return of 2.37% and an income return of 0%%. These returns were calculated as at 30 Nov 2024.

Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income’s one-year total return is 17.22%. This was made up of a growth return of 17.22% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income’s one-year total return is 12.28%. This was made up of a growth return of 12.28% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund is :

Australian Equities
60.47%
International Equities
7.26%
Cash
32.27%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund belongs to the Australia Equity Income sector/asset class.

As at 31 Oct 2024, the size of the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund was $105.92 million.

The Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund has an inception date of 19 May 2008.

The current entry price of the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund is $3.1439 per unit and the current exit price is $3.1345 per unit (as at 20 Dec 2024).

The current exit price of the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income managed fund is $3.1345 per unit and the current entry price is $3.1439 per unit (as at 20 Dec 2024).

The minimum initial investment amount for the Colonial FirstChoice Wholesale Pension - Merlon Australian Share Income 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.