Colonial FirstChoice - Antipodes Global - Managed Fund

Fund Objective

Seeks to take advantage of the market's tendency for irrational extrapolation, identify investments offering a high margin of safety and build high conviction portfolios with a capital preservation focus. Invests in attractively valued companies listed on global share markets and typically have a net equity exposure of 50-100%. Long/short positions may be used where Antipodes sees attractive opportunities and to offset specific portfolio risks and provide protection from tail risk. Derivatives may also be used to amplify high conviction ideas.

Fund Strategy

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.

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	-0.24%	-3.06%	4.55%	20.28%	18.55%	14.22%	11.15%	-%
Growth return	-0.12%	-2.69%	4.19%	12.44%	12.28%	7.07%	3.67%	-%
Income return	-0.12%	-0.37%	0.36%	7.84%	6.27%	7.15%	7.48%	-%
Market index (MSCI World Ex Australia NR AUD)
Total return	4.44%	0.71%	-2.78%	15.06%	14.48%	16.52%	12.98%	13.41%

As at 30 Apr 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice - Antipodes Global

Australian Equities: -1.60%

International Equities: 89.40%

Cash: 15.15%

Property & Infrastructure: -0.13%

Fixed Interest: -3.04%

Alternatives: 0.22%

Average Allocation of Peers

Australian Equities: 5.68%

International Equities: 92.02%

Cash: 1.78%

Property & Infrastructure: 0.24%

Fixed Interest: -0.01%

Alternatives: 0.29%

General Information

Fund Details

Type	Description
Fund Name	Colonial FirstChoice - Antipodes Global
Responsible Entity	Colonial First State Investments Limited
APIR Code	FSF1816AU
Sector/Asset Class	Equity World Large Blend
Morningstar Rating	(as at 30 Apr 2026)
Legal Structure	Investment Fund
Fund Inception	14 May 2018
Fund Size	$29.11 million (as at 30 Apr 2026)
Entry Price	$1.314 (as at 14 May 2026)
Exit Price	$1.31 (as at 14 May 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.50% (as at 22 Nov 2025)
Indirect Cost Ratio (ICR)	1.51% (as at 30 Jun 2025)
Minimum initial investment	$20,000
Minimum additional investments

Top 10 holdings (as at 31 Jan 2026)

Holding (as at 31 Jan 2026)	Type	% of Portfolio
Amazon.com Inc		4.14%
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FAQs about the Colonial FirstChoice - Antipodes Global

What is the objective of the Colonial FirstChoice - Antipodes Global managed fund?

The objective of the Colonial FirstChoice - Antipodes Global managed fund is Seeks to take advantage of the market's tendency for irrational extrapolation, identify investments offering a high margin of safety and build high conviction portfolios with a capital preservation focus. Invests in attractively valued companies listed on global share markets and typically have a net equity exposure of 50-100%. Long/short positions may be used where Antipodes sees attractive opportunities and to offset specific portfolio risks and provide protection from tail risk. Derivatives may also be used to amplify high conviction ideas.

What is the strategy for the Colonial FirstChoice - Antipodes Global managed fund?

The strategy of the Colonial FirstChoice - Antipodes Global managed fund is Seeks to take advantage of the market's tendency for irrational extrapolation, identify investments offering a high margin of safety and build high conviction portfolios with a capital preservation focus. Invests in attractively valued companies listed on global share markets and typically have a net equity exposure of 50-100%. Long/short positions may be used where Antipodes sees attractive opportunities and to offset specific portfolio risks and provide protection from tail risk. Derivatives may also be used to amplify high conviction ideas.

What is the APIR code of the Colonial FirstChoice - Antipodes Global managed fund?

The APIR code of the Colonial FirstChoice - Antipodes Global managed fund is FSF1816AU.

What was Colonial FirstChoice - Antipodes Global’s total return last month?

Colonial FirstChoice - Antipodes Global’s total return last month was -0.24%. This was made up of a growth return of -0.12% and an income return of -0.12%. These returns were calculated as at 30 Apr 2026.

What was Colonial FirstChoice - Antipodes Global’s total return for the last three months?

Colonial FirstChoice - Antipodes Global’s total return for the last three months was -3.06%. This was made up of a growth return of -2.69% and an income return of -0.37%%. These returns were calculated as at 30 Apr 2026.

What is Colonial FirstChoice - Antipodes Global’s one-year total return?

Colonial FirstChoice - Antipodes Global’s one-year total return is 20.28%. This was made up of a growth return of 12.44% and an income return of 7.84%. These returns were calculated as at 30 Apr 2026.

What is Colonial FirstChoice - Antipodes Global’s three-year total return?

Colonial FirstChoice - Antipodes Global’s one-year total return is 14.22%. This was made up of a growth return of 7.07% and an income return of 7.15%. These returns were calculated as at 30 Apr 2026.

What is the asset allocation of the Colonial FirstChoice - Antipodes Global managed fund?

The asset allocation of the Colonial FirstChoice - Antipodes Global managed fund is :

Australian Equities: -1.60%

International Equities: 89.40%

Cash: 15.15%

Property & Infrastructure: -0.13%

Fixed Interest: -3.04%

Alternatives: 0.22%

Who is the responsible Entity of the Colonial FirstChoice - Antipodes Global managed fund?

The Responsible Entity for the Colonial FirstChoice - Antipodes Global managed fund is Colonial First State Investments Limited.

What sector/asset class does the Colonial FirstChoice - Antipodes Global managed fund belong to?

The Colonial FirstChoice - Antipodes Global managed fund belongs to the Equity World Large Blend sector/asset class.

What is the size of the Colonial FirstChoice - Antipodes Global managed fund?

As at 30 Apr 2026, the size of the Colonial FirstChoice - Antipodes Global managed fund was $29.11 million.

What is the inception date of the Colonial FirstChoice - Antipodes Global managed fund?

The Colonial FirstChoice - Antipodes Global managed fund has an inception date of 14 May 2018.

What is the current entry price of the Colonial FirstChoice - Antipodes Global managed fund?

The current entry price of the Colonial FirstChoice - Antipodes Global managed fund is $1.314 per unit and the current exit price is $1.31 per unit (as at 14 May 2026).

What is the current exit price of the Colonial FirstChoice - Antipodes Global managed fund?

The current exit price of the Colonial FirstChoice - Antipodes Global managed fund is $1.31 per unit and the current entry price is $1.314 per unit (as at 14 May 2026).

What is the minimum investment amount for the Colonial FirstChoice - Antipodes Global managed fund?

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

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