Colonial FirstChoice Wholesale Investment - Kapstream Wholesale Absolute Return - Managed Fund

Fund Performance Comparison

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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.

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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 -0.07 0.54 1.6 3.23 2.76 2.69 2.87 -
Growth return -0.07 0.54 1.59 3.02 1.8 1.13 1.19 -
Income return 0 0 0.01 0.21 0.96 1.56 1.68 -
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return -0.49 1.98 - 11.13 7.36 4.59 5.27 5.99
As as 30 Sep 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice Wholesale Investment - Kapstream Wholesale Absolute Return
Cash
-0.58%
Fixed Interest
100.58%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
7.61%
Fixed Interest
88.34%
Australian Equities
3.74%
International Equities
0.10%
Property
0.07%
Alternatives
0.15%

General Information

Fund Details
Type Description
Colonial FirstChoice Wholesale Investment - Kapstream Wholesale Absolute Return
Colonial First State Investments Limited
FSF1615AU
Multi-Strategy Income
starstarstar (as at 30 Sep 2019)
Investment Fund
19 May 2014
$141.13 million (as at 31 Aug 2019)
$1.0773 (as at 18 Oct 2019)
$1.0751 (as at 18 Oct 2019)
Fund Objective
To provide investors with a diversified exposure to fixed interest with an absolute return focus. The option aims to consistently deliver capital stability and a reliable income stream and outperform its composite benchmark (50% Bloomberg AusBond Bank Bill Index and 50% Bloomberg AusBond Composite 0-3 Yr Index) over rolling three-year periods before fees and taxes through active diversification across sectors and geographies.
Fund Strategy
Kapstream applies a distinctive approach to fixed income investments, actively allocating between specific investment strategies on an ongoing basis. Kapstream seeks out value across sectors and geographies where it can take advantage of unique opportunities that are often overlooked or under-represented in market indices. It manages total portfolio risk, so the option can deliver capital stability with a regular income stream. The result is the potential for consistent positive returns, with less risk. The option aims to hedge currency risk.
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 0.92% (as at 30 Jun 2019) (Estimated)
Minimum initial investment $5,000.00
Minimum additional investments
Minimum redemption amount

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 cannot 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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Out of the 5,494 Australian funds researched with a 10 year track record, 81% underperform the industry standard benchmarks by an average of 2.12%, with average fees of 1.79%^.

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Our Managed Funds

Returns Since Inception
InvestSMART International Equities 11.39%
Intelligent Investor Equity Growth 9.87%
InvestSMART High Growth 9.27%
Intelligent Investor Equity Income 9.06%
InvestSMART Diversified Property and Infrastructure 8.48%
InvestSMART Growth 8.47%
Intelligent Investor Australian Small Companies Fund 7.27%
InvestSMART Balanced 6.86%
InvestSMART Conservative 5.33%
InvestSMART Hybrid Income 5.27%
InvestSMART Interest Income 3.75%