InvestSMART

Colonial FirstChoice Pension - FirstChoice Alternatives - Managed Fund (Closed)

Fund Objective
The option aims to achieve a return of 3% - 5% p.a. (net of fees); above the RBA Cash Rate Target (Benchmark) over rolling 3-year periods.
Fund Strategy
The option aims to outperform the Benchmark by providing investors with a source of risk controlled absolute returns that are; over time; expected to have low correlations with the returns of major asset classes. The option has exposure to a diversified range of absolute return investment strategies through investment in a number of pooled investment vehicles (Strategy options) each of which offers daily dealing and daily liquidity.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 2.34% 3.17% 3.59% 6.34% 2.67% 3.57% 2.99% -%
Growth return 2.34% 3.17% 3.59% 6.34% 2.67% 3.57% 2.99% -%
Income return 0% 0% 0% 0% 0% 0% 0% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.35% 1% 1.93% 3.79% 4.06% 4.13% 3.03% 2.16%
As at 28 Feb 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice Pension - FirstChoice Alternatives
Cash
0.92%
Alternatives
99.08%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Cash
55.80%
Alternatives
19.22%
Australian Equities
4.80%
International Equities
2.78%
Property & Infrastructure
1.92%
Fixed Interest
15.48%

General Information

Fund Details
Type Description
Colonial FirstChoice Pension - FirstChoice Alternatives
Closed
Colonial First State Investments Limited
FSF1619AU
Alternative - Multistrategy
Not Rated
Allocated Pension
19 May 2014
$0.44 million (as at 28 Feb 2023)
$1.1925 (as at 17 Mar 2023)
$1.1901 (as at 17 Mar 2023)
Finalised
Offer information
Type Description
MER 2% (as at 28 Aug 2025)
Indirect Cost Ratio (ICR) 2% (as at 30 Jun 2025)
Performance fee (not included in ICR) 0.45
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025) Type % of Portfolio
BlackRock Global Liquid Alternatives S1 Mutual Fund - Open End 99.22%
Login now to view the complete list of holdings.
Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?
Your managed fund switching checklist. Is fear of capital gains tax holding you back?
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
Guide to tidying up your Portfolio Manager holdings
Guide to tidying up your Portfolio Manager holdings

FAQs about the Colonial FirstChoice Pension - FirstChoice Alternatives

The objective of the Colonial FirstChoice Pension - FirstChoice Alternatives managed fund is The option aims to achieve a return of 3% - 5% p.a. (net of fees); above the RBA Cash Rate Target (Benchmark) over rolling 3-year periods.

The strategy of the Colonial FirstChoice Pension - FirstChoice Alternatives managed fund is The option aims to outperform the Benchmark by providing investors with a source of risk controlled absolute returns that are; over time; expected to have low correlations with the returns of major asset classes. The option has exposure to a diversified range of absolute return investment strategies through investment in a number of pooled investment vehicles (Strategy options) each of which offers daily dealing and daily liquidity.

The APIR code of the Colonial FirstChoice Pension - FirstChoice Alternatives managed fund is FSF1619AU.

Colonial FirstChoice Pension - FirstChoice Alternatives’s total return last month was 2.34%. This was made up of a growth return of 2.34% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - FirstChoice Alternatives’s total return for the last three months was 3.17%. This was made up of a growth return of 3.17% and an income return of 0%%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - FirstChoice Alternatives’s one-year total return is 6.34%. This was made up of a growth return of 6.34% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - FirstChoice Alternatives’s one-year total return is 3.57%. This was made up of a growth return of 3.57% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

The asset allocation of the Colonial FirstChoice Pension - FirstChoice Alternatives managed fund is :

Cash
0.92%
Alternatives
99.08%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%

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

The Colonial FirstChoice Pension - FirstChoice Alternatives managed fund belongs to the Alternative - Multistrategy sector/asset class.

As at 28 Feb 2023, the size of the Colonial FirstChoice Pension - FirstChoice Alternatives managed fund was $0.44 million.

The Colonial FirstChoice Pension - FirstChoice Alternatives managed fund has an inception date of 19 May 2014.

The current entry price of the Colonial FirstChoice Pension - FirstChoice Alternatives managed fund is $1.1925 per unit and the current exit price is $1.1901 per unit (as at 17 Mar 2023).

The current exit price of the Colonial FirstChoice Pension - FirstChoice Alternatives managed fund is $1.1901 per unit and the current entry price is $1.1925 per unit (as at 17 Mar 2023).

The minimum initial investment amount for the Colonial FirstChoice Pension - FirstChoice Alternatives 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.