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  5. FSI US Select High Yield Fund - Managed fund profile

FSI US Select High Yield Fund - Managed Fund (Closed)

Fund Objective
The fund aims to outperform the BofA Merrill Lynch US High Yield Constrained Index before fees and taxes over rolling three-year periods by investing in high yielding international fixed interest investments
Fund Strategy
The strategy will take a dynamic approach to investing in the US high yield market using a clearly defined, well managed risk controlled approach. It will include dynamic monitoring of asset value coverage in order to minimize defaults. It will also have the flexibility to invest in cash like assets (to preserve capital) when risk adjusted returns are not deemed appropriate. Derivatives may be used for risk management or return enhancement. The fund does not hedge currency exposure.

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 -3.46% -2.56% -1.03% -1.02% 7.18% 7.5% -% -%
Growth return -3.46% -2.56% -1.94% -10.08% -3.83% -1.65% -% -%
Income return 0% 0% 0.91% 9.06% 11.01% 9.15% -% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.37% 1.12% 2.23% 4.45% 4.05% 2.94% 1.87% 1.92%
As at 31 Dec 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

FSI US Select High Yield Fund
Cash
3.09%
Fixed Interest
96.91%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
26.17%
Fixed Interest
73.37%
Australian Equities
0.39%
International Equities
0.05%
Alternatives
0.03%

General Information

Fund Details
Type Description
FSI US Select High Yield Fund (Wholesale)
Closed
Colonial First State Investments Limited
FSF7935AU
Non Investment Grade Debt
starstarstarstarstar (as at 31 Dec 2020)
Investment Fund
8 Apr 2017
$0 million (as at 31 Oct 2020)
$0.9489 (as at 19 Jan 2021)
$0.9404 (as at 19 Jan 2021)
Finalised
Offer information
Type Description
MER 0.63% (as at 1 Jul 2019)
Indirect Cost Ratio (ICR) 0.63% (as at 30 Jun 2020)
Performance fee (not included in ICR) 0
Minimum initial investment $500,000
Minimum additional investments

FAQs about the FSI US Select High Yield Fund

The objective of the FSI US Select High Yield Fund managed fund is The fund aims to outperform the BofA Merrill Lynch US High Yield Constrained Index before fees and taxes over rolling three-year periods by investing in high yielding international fixed interest investments

The strategy of the FSI US Select High Yield Fund managed fund is The strategy will take a dynamic approach to investing in the US high yield market using a clearly defined, well managed risk controlled approach. It will include dynamic monitoring of asset value coverage in order to minimize defaults. It will also have the flexibility to invest in cash like assets (to preserve capital) when risk adjusted returns are not deemed appropriate. Derivatives may be used for risk management or return enhancement. The fund does not hedge currency exposure.

The APIR code of the FSI US Select High Yield Fund managed fund is FSF7935AU.

FSI US Select High Yield Fund’s total return last month was -3.46%. This was made up of a growth return of -3.46% and an income return of 0%. These returns were calculated as at 31 Dec 2020.

FSI US Select High Yield Fund’s total return for the last three months was -2.56%. This was made up of a growth return of -2.56% and an income return of 0%%. These returns were calculated as at 31 Dec 2020.

FSI US Select High Yield Fund’s one-year total return is -1.02%. This was made up of a growth return of -10.08% and an income return of 9.06%. These returns were calculated as at 31 Dec 2020.

FSI US Select High Yield Fund’s one-year total return is 7.5%. This was made up of a growth return of -1.65% and an income return of 9.15%. These returns were calculated as at 31 Dec 2020.

The asset allocation of the FSI US Select High Yield Fund managed fund is :

Cash
3.09%
Fixed Interest
96.91%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the FSI US Select High Yield Fund managed fund is Colonial First State Investments Limited.

The FSI US Select High Yield Fund managed fund belongs to the Non Investment Grade Debt sector/asset class.

As at 31 Oct 2020, the size of the FSI US Select High Yield Fund managed fund was $0 million.

The FSI US Select High Yield Fund managed fund has an inception date of 8 Apr 2017.

The current entry price of the FSI US Select High Yield Fund managed fund is $0.9489 per unit and the current exit price is $0.9404 per unit (as at 19 Jan 2021).

The current exit price of the FSI US Select High Yield Fund managed fund is $0.9404 per unit and the current entry price is $0.9489 per unit (as at 19 Jan 2021).

The minimum initial investment amount for the FSI US Select High Yield Fund managed fund is $500,000. 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.