General Information

CFS FC W Pen- Kapstream W Absolute Ret
Colonial First State Investments Limited
FSF1631AU
Multi-Strategy Income
starstarstarstar (as at 31 Aug 2017)
Allocated Pension
19 May 2014
$346.38 million (as at 31 Aug 2017)
$1.1079 (as at 19 Sep 2017)
$1.1057 (as at 19 Sep 2017)

Fund performance (31 Aug 2017)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return 0.21 0.66 1.49 2.57 2.95 2.9 - -
Growth return 0.21 0.66 1.49 2.57 2.95 2.9 - -
Income return 0 0 0 0 0 0 - -

Market index (Bloomberg AusBond Composite 0+Y TR AUD)

Total return -0.01 -0.66 1.7 -0.66 2.71 3.89 4.16 6.09
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Fund Performance Comparison

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Asset Allocation (31 Aug 2017)

Australian Equities 0%
International Equities 0%
Cash 0.49%
Property 0%
Fixed Interest 99.51%
Alternatives 0%
Asset Allocation

Objectives and Strategy

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.
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

Indirect Cost Ratio (ICR) 0.95% (as at 22 May 2017) (Estimated)
Minimum initial investment $20,000
Minimum additional investments

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