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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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

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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	-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	0.32%	0.94%	2%	4.25%	4.32%	4%	2.47%	2.06%

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: 20.02%

Fixed Interest: 79.26%

Australian Equities: 0.03%

International Equities: 0.03%

Alternatives: 0.66%

General Information

Fund Details

Type	Description
Fund Name	FSI US Select High Yield Fund (Wholesale)
Fund Status	Closed
Responsible Entity	Colonial First State Investments Limited
APIR Code	FSF7935AU
Sector/Asset Class	Non Investment Grade Debt
Morningstar Rating	(as at 31 Dec 2020)
Legal Structure	Investment Fund
Fund Inception	8 Apr 2017
Fund Size	$0 million (as at 31 Oct 2020)
Entry Price	$0.9489 (as at 19 Jan 2021)
Exit Price	$0.9404 (as at 19 Jan 2021)
Fund Status	Finalised

Offer information

Type	Description
MER	0.62% (as at 28 Aug 2025)
Indirect Cost Ratio (ICR)	0.62% (as at 30 Jun 2025)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$500,000
Minimum additional investments

FAQs about the FSI US Select High Yield Fund

What is the objective of the FSI US Select High Yield Fund managed 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

What is the strategy for the FSI US Select High Yield Fund managed fund?

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.

What is the APIR code of the FSI US Select High Yield Fund managed fund?

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

What was FSI US Select High Yield Fund’s total return last month?

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.

What was FSI US Select High Yield Fund’s total return for the last three months?

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.

What is FSI US Select High Yield Fund’s one-year total return?

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.

What is FSI US Select High Yield Fund’s three-year total return?

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.

What is the asset allocation of the FSI US Select High Yield Fund managed fund?

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%

Who is the responsible Entity of the FSI US Select High Yield Fund managed fund?

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

What sector/asset class does the FSI US Select High Yield Fund managed fund belong to?

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

What is the size of the FSI US Select High Yield Fund managed fund?

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

What is the inception date of the FSI US Select High Yield Fund managed fund?

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

What is the current entry price of the FSI US Select High Yield Fund managed fund?

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).

What is the current exit price of the FSI US Select High Yield Fund managed fund?

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).

What is the minimum investment amount for the FSI US Select High Yield Fund managed fund?

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.

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