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  5. Colonial FirstChoice - Acadian Global Equity Long Short - Managed fund profile

Colonial FirstChoice - Acadian Global Equity Long Short - Managed Fund

Fund Objective
To maximise risk-adjusted, long-term returns by investing in undervalued stocks and short selling overvalued stocks from around the world, while carefully controlling portfolio risk and transaction costs. The option aims to outperform the MSCI World Index over rolling four-year periods before fees and taxes.
Fund Strategy
Acadian's investment approach employs structured stock and peer group valuation models, which are designed to capture a broad range of relevant characteristics such as value, earnings growth and price-related factors. Undervalued stocks will be purchased and overvalued stocks will be selectively short sold. The option will generally maintain a gross long exposure of 130% and a gross short exposure of 30% (130/30).

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 2.54% 17.82% 26.34% 46.67% 32.48% 35.96% 23.36% 19.34%
Growth return 2.54% 17.82% 26.34% 46.33% 31.23% 34.77% 22.47% 18.27%
Income return 0% 0% 0% 0.34% 1.25% 1.19% 0.89% 1.07%
Market index (MSCI World Ex Australia NR AUD)
Total return 3.02% 14.06% 20.11% 28.72% 15.87% 14.43% -% 13.43%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice - Acadian Global Equity Long Short
International Equities
100%
Australian Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
91.61%
Australian Equities
3.75%
Cash
2.81%
Property
1.80%
Fixed Interest
-0.04%
Alternatives
0.07%

General Information

Fund Details
Type Description
Colonial FirstChoice - Acadian Global Equity Long Short
FSF0788AU
Equity World Large Value
starstarstarstarstar (as at 31 Mar 2024)
Investment Fund
20 Jan 2006
$135.07 million (as at 29 Feb 2024)
$4.7012 (as at 11 Apr 2024)
$4.6965 (as at 11 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 1.26% (as at 30 Jun 2023) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment $20,000
Minimum redemption amount

Top 10 holdings (as at 30 Nov 2023)

Holding (as at 30 Nov 2023) Type % of Portfolio
Apple Inc Equity 3.30%
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FAQs about the Colonial FirstChoice - Acadian Global Equity Long Short

The objective of the Colonial FirstChoice - Acadian Global Equity Long Short managed fund is To maximise risk-adjusted, long-term returns by investing in undervalued stocks and short selling overvalued stocks from around the world, while carefully controlling portfolio risk and transaction costs. The option aims to outperform the MSCI World Index over rolling four-year periods before fees and taxes.

The strategy of the Colonial FirstChoice - Acadian Global Equity Long Short managed fund is Acadian's investment approach employs structured stock and peer group valuation models, which are designed to capture a broad range of relevant characteristics such as value, earnings growth and price-related factors. Undervalued stocks will be purchased and overvalued stocks will be selectively short sold. The option will generally maintain a gross long exposure of 130% and a gross short exposure of 30% (130/30).

The APIR code of the Colonial FirstChoice - Acadian Global Equity Long Short managed fund is FSF0788AU.

Colonial FirstChoice - Acadian Global Equity Long Short’s total return last month was 2.54%. This was made up of a growth return of 2.54% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Colonial FirstChoice - Acadian Global Equity Long Short’s total return for the last three months was 17.82%. This was made up of a growth return of 17.82% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Colonial FirstChoice - Acadian Global Equity Long Short’s one-year total return is 46.67%. This was made up of a growth return of 46.33% and an income return of 0.34%. These returns were calculated as at 31 Mar 2024.

Colonial FirstChoice - Acadian Global Equity Long Short’s one-year total return is 35.96%. This was made up of a growth return of 34.77% and an income return of 1.19%. These returns were calculated as at 31 Mar 2024.

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

International Equities
100%
Australian Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Colonial FirstChoice - Acadian Global Equity Long Short managed fund belongs to the Equity World Large Value sector/asset class.

As at 29 Feb 2024, the size of the Colonial FirstChoice - Acadian Global Equity Long Short managed fund was $135.07 million.

The Colonial FirstChoice - Acadian Global Equity Long Short managed fund has an inception date of 20 Jan 2006.

The current entry price of the Colonial FirstChoice - Acadian Global Equity Long Short managed fund is $4.7012 per unit and the current exit price is $4.6965 per unit (as at 11 Apr 2024).

The current exit price of the Colonial FirstChoice - Acadian Global Equity Long Short managed fund is $4.6965 per unit and the current entry price is $4.7012 per unit (as at 11 Apr 2024).

The minimum initial investment amount for the Colonial FirstChoice - Acadian Global 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.