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  5. Colonial FirstChoice Pension - Magellan Global Shares - Hedged - Managed fund profile

Colonial FirstChoice Pension - Magellan Global Shares - Hedged - Managed Fund (Closed)

Fund Objective
To achieve attractive risk-adjusted returns over the medium-to-long term, while reducing the risk of permanent capital loss via investment in global equities. The option aims to deliver 9% p.a. net of fees over the economic cycle. The option also aims to outperform the MSCI World Index hedged to Australian dollars over rolling five-year periods before fees and taxes
Fund Strategy
Magellan aims to find companies at attractive prices which have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. Magellan will endeavour to acquire these companies at a discount to its assessment of the intrinsic value of the companies. The portfolio will consist of 20 to 40 investments. The option aims to hedge foreign currency risk.

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 -3.27% -3.12% -1.09% -10.73% -4.34% 0.01% 2.69% -%
Growth return -3.27% -3.12% -1.09% -10.73% -4.34% 0.01% 2.69% -%
Income return 0% 0% 0% 0% 0% 0% 0% -%
Market index (Vanguard Intl Shares Index Hdg AUD TR)
Total return 0.87% 5.67% 9.66% 13.17% 16.48% 15.02% 12.89% 11.13%
As at 28 Feb 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice Pension - Magellan Global Shares - Hedged
International Equities
94.61%
Cash
5.39%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
97.99%
Cash
0.71%
Australian Equities
0.12%
Property
0.62%
Fixed Interest
0%
Alternatives
0.56%

General Information

Fund Details
Type Description
Colonial FirstChoice Pension - Magellan Global Shares - Hedged
Closed
FSF1792AU
Equity World - Currency Hedged
starstar (as at 28 Feb 2023)
Allocated Pension
16 May 2016
$0.92 million (as at 28 Feb 2023)
$1.4676 (as at 17 Mar 2023)
$1.4661 (as at 17 Mar 2023)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 1.82% (as at 30 Jun 2022) (Estimated)
Performance fee (included in ICR) 0.22
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

FAQs about the Colonial FirstChoice Pension - Magellan Global Shares - Hedged

The objective of the Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund is To achieve attractive risk-adjusted returns over the medium-to-long term, while reducing the risk of permanent capital loss via investment in global equities. The option aims to deliver 9% p.a. net of fees over the economic cycle. The option also aims to outperform the MSCI World Index hedged to Australian dollars over rolling five-year periods before fees and taxes

The strategy of the Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund is Magellan aims to find companies at attractive prices which have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. Magellan will endeavour to acquire these companies at a discount to its assessment of the intrinsic value of the companies. The portfolio will consist of 20 to 40 investments. The option aims to hedge foreign currency risk.

The APIR code of the Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund is FSF1792AU.

Colonial FirstChoice Pension - Magellan Global Shares - Hedged’s total return last month was -3.27%. This was made up of a growth return of -3.27% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - Magellan Global Shares - Hedged’s total return for the last three months was -3.12%. This was made up of a growth return of -3.12% and an income return of 0%%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - Magellan Global Shares - Hedged’s one-year total return is -10.73%. This was made up of a growth return of -10.73% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

Colonial FirstChoice Pension - Magellan Global Shares - Hedged’s one-year total return is 0.01%. This was made up of a growth return of 0.01% and an income return of 0%. These returns were calculated as at 28 Feb 2023.

The asset allocation of the Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund is :

International Equities
94.61%
Cash
5.39%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund belongs to the Equity World - Currency Hedged sector/asset class.

As at 28 Feb 2023, the size of the Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund was $0.92 million.

The Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund has an inception date of 16 May 2016.

The current entry price of the Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund is $1.4676 per unit and the current exit price is $1.4661 per unit (as at 17 Mar 2023).

The current exit price of the Colonial FirstChoice Pension - Magellan Global Shares - Hedged managed fund is $1.4661 per unit and the current entry price is $1.4676 per unit (as at 17 Mar 2023).

The minimum initial investment amount for the Colonial FirstChoice Pension - Magellan Global Shares - Hedged 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.