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  5. First Sentier Concentrated Australian Share - Managed fund profile

First Sentier Concentrated Australian Share - Managed Fund

Fund Objective
To provide long-term capital growth by investing in a concentrated portfolio of 15-30 stocks. The option aims to outperform the S&P/ASX 300 Accumulation Index over rolling three year periods before fees and taxes.
Fund Strategy
The strategy is based on the belief that stock prices are driven by the ability of management to generate excess returns over their cost of capital in their chosen industry. The option generally invests in a concentrated selection of high quality companies with strong balance sheets and earnings in the S&P/ASX 300 Accumulation Index. The option may use derivatives for efficient portfolio management as well as risk management purposes. The option predominantly invests in Australian companies and therefore does not hedge currency risk.

Fund Performance Comparison

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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 -0.03% 4.3% 10.91% 12.65% 14.8% 13.75% 9.41% 10.19%
Growth return -0.03% 4.29% 10.59% 11.42% 13.26% 11.83% 7.36% 7.67%
Income return 0% 0.01% 0.32% 1.23% 1.54% 1.92% 2.05% 2.52%
Market index (S&P/ASX 200 TR AUD)
Total return 3.1% 7.03% 11.65% 14.74% 14.82% 13.04% 12.32% 9.87%
As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

First Sentier Concentrated Australian Share
Australian Equities
83.65%
International Equities
14.93%
Cash
1.42%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.72%
International Equities
4.82%
Cash
-0.78%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
First Sentier Concentrated Australian Share
Colonial First State Investments Limited
FSF0016AU
Equity Australia Large Growth
starstarstar (as at 31 Aug 2025)
Investment Fund
20 Dec 1994
$138.36 million (as at 31 Aug 2025)
$3.9349 (as at 17 Sep 2025)
$3.9271 (as at 17 Sep 2025)
Open
Offer information
Type Description
MER 0.97% (as at 28 Aug 2025)
Indirect Cost Ratio (ICR) 0.97% (as at 30 Jun 2025)
Performance fee (not included in ICR) Not Available
Minimum initial investment $20,000
Minimum redemption amount

Top 10 holdings (as at 31 Jul 2025)

Holding (as at 31 Jul 2025) Type % of Portfolio
Commonwealth Bank of Australia Equity 12.24%
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FAQs about the First Sentier Concentrated Australian Share

The objective of the First Sentier Concentrated Australian Share managed fund is To provide long-term capital growth by investing in a concentrated portfolio of 15-30 stocks. The option aims to outperform the S&P/ASX 300 Accumulation Index over rolling three year periods before fees and taxes.

The strategy of the First Sentier Concentrated Australian Share managed fund is The strategy is based on the belief that stock prices are driven by the ability of management to generate excess returns over their cost of capital in their chosen industry. The option generally invests in a concentrated selection of high quality companies with strong balance sheets and earnings in the S&P/ASX 300 Accumulation Index. The option may use derivatives for efficient portfolio management as well as risk management purposes. The option predominantly invests in Australian companies and therefore does not hedge currency risk.

The APIR code of the First Sentier Concentrated Australian Share managed fund is FSF0016AU.

First Sentier Concentrated Australian Share’s total return last month was -0.03%. This was made up of a growth return of -0.03% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

First Sentier Concentrated Australian Share’s total return for the last three months was 4.3%. This was made up of a growth return of 4.29% and an income return of 0.01%%. These returns were calculated as at 31 Aug 2025.

First Sentier Concentrated Australian Share’s one-year total return is 12.65%. This was made up of a growth return of 11.42% and an income return of 1.23%. These returns were calculated as at 31 Aug 2025.

First Sentier Concentrated Australian Share’s one-year total return is 13.75%. This was made up of a growth return of 11.83% and an income return of 1.92%. These returns were calculated as at 31 Aug 2025.

The asset allocation of the First Sentier Concentrated Australian Share managed fund is :

Australian Equities
83.65%
International Equities
14.93%
Cash
1.42%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the First Sentier Concentrated Australian Share managed fund is Colonial First State Investments Limited.

The First Sentier Concentrated Australian Share managed fund belongs to the Equity Australia Large Growth sector/asset class.

As at 31 Aug 2025, the size of the First Sentier Concentrated Australian Share managed fund was $138.36 million.

The First Sentier Concentrated Australian Share managed fund has an inception date of 20 Dec 1994.

The current entry price of the First Sentier Concentrated Australian Share managed fund is $3.9349 per unit and the current exit price is $3.9271 per unit (as at 17 Sep 2025).

The current exit price of the First Sentier Concentrated Australian Share managed fund is $3.9271 per unit and the current entry price is $3.9349 per unit (as at 17 Sep 2025).

The minimum initial investment amount for the First Sentier Concentrated Australian Share managed fund is $20,000.

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 can 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.