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

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Fund Performance Comparison

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Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers and {{ }}

Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

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Benchmark* Peers Fees InvestSMART's Fees
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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (31 May 2018)

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 -0.71 -1.79 -0.97 3.53 7.22 5.62 7.71 -
Growth return -0.71 -1.79 -0.97 3.53 7.22 5.62 7.71 -
Income return 0 0 0 0 0 0 0 -

Market index (S&P/ASX 200 TR AUD)

Total return 1.09 1.08 2.81 9.63 10.36 5.94 8.76 5.24

Asset Allocation (31 May 2018)

Australian Equities 97.38%
International Equities 0%
Cash 2.62%
Property 0%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

General Information

Colonial FirstChoice Wholesale Pension - Merlon Wholesale Australian Share Income
Colonial First State Investments Limited
Equity Australia Derivative Income
starstarstarstar (as at 31 Jan 2017)
Allocated Pension
19 May 2008
$40.13 million (as at 31 May 2018)
$1.9464 (as at 20 Jun 2018)
$1.9386 (as at 20 Jun 2018)

Objectives and Strategy

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.
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

Indirect Cost Ratio (ICR) 1.46% (as at 30 Jun 2017)
Performance fee (not included in ICR) 0
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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