General Information

CFS FC W PSup-Merlon W Aus Share Income
Colonial First State Investments Limited
FSF0959AU
Equity Australia Derivative Income
starstarstarstarstar (as at 31 Jan 2017)
Superannuation Fund
19 May 2008
$8.72 million (as at 30 Nov 2017)
$1.7513 (as at 14 Dec 2017)
$1.7443 (as at 14 Dec 2017)

Fund performance (30 Nov 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 2.22 2.69 3.96 10.93 10.21 8.34 10.12 -
Growth return 2.22 2.69 3.96 10.93 10.21 8.34 10.12 -
Income return 0 0 0 0 0 0 0 -

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

Total return 1.64 5.71 6.63 14.61 12.3 8.72 10.56 3.66
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Fund Performance Comparison

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Asset Allocation (30 Nov 2017)

Australian Equities 96.57%
International Equities 0%
Cash 3.43%
Property 0%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

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) 1.37% (as at 30 Jun 2017)
Minimum initial investment $1,500.00
Minimum additional investments
Minimum redemption amount

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Data shown on this website is sourced by Morningstar
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