Colonial FirstChoice Wholesale Investment - Merlon Wholesale Australian Share Income - Managed Fund

Fund Performance Comparison

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

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Benchmark ({{ }})
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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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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.

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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 6.08 -6.44 -13.62 -8.39 -1.85 -0.56 1.52 4.69
Growth return 5.73 -7.38 -15.33 -12.71 -6.88 -5.77 -3.77 -1.67
Income return 0.35 0.94 1.71 4.32 5.03 5.21 5.29 6.36
Market index (S&P/ASX 200 TR AUD)
Total return 4.36 -9.92 -14.59 -6.7 1.81 4.35 4.27 7.25
As as 31 May 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial FirstChoice Wholesale Investment - Merlon Wholesale Australian Share Income
Australian Equities
International Equities
Fixed Interest
Average Allocation of Peers
Australian Equities
International Equities
Fixed Interest

General Information

Fund Details
Type Description
Colonial FirstChoice Wholesale Investment - Merlon Wholesale Australian Share Income
Colonial First State Investments Limited
Equity Australia Derivative Income
starstarstar (as at 30 Apr 2020)
Investment Fund
19 May 2008
$14 million (as at 30 Apr 2020)
$0.7082 (as at 1 Jun 2020)
$0.7054 (as at 1 Jun 2020)
Fund Objective
To provide a higher level of tax-effective income, predominantly from franked dividends, with a lower level of risk than the S&P/ASX 200 Accumulation Index whilst also providing the potential for capital growth and inflation protection over rolling three-year periods before fees and taxes.
Fund Strategy
Merlon's investment approach is to construct a portfolio of undervalued companies, based on sustainable free cash flow, in broadly equal weights whilst using options to overlay downside protection on holdings with poor short-term momentum characteristics. An outcome of the investment style is a higher level of tax-effective income along with the potential for capital growth over the medium-term.
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 1.17% (as at 18 Nov 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 10.13%
Intelligent Investor Equity Growth 7.48%
InvestSMART High Growth 7.02%
InvestSMART Growth 6.50%
InvestSMART Balanced 5.30%
Intelligent Investor Equity Income 4.51%
InvestSMART Conservative 4.13%
Intelligent Investor Australian Small Companies Fund 3.95%
InvestSMART Property and Infrastructure 3.36%
InvestSMART Interest Income 3.26%
InvestSMART Hybrid Income 3.15%