Colonial Wholesale Target Return Income - Managed Fund

Fund Performance Comparison

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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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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 0.27 0.64 1.56 2.29 2.65 3.15 2.62 4.22
Growth return -0.07 0.3 0.56 -0.31 -0.03 -1.28 -1.73 -1.23
Income return 0.34 0.34 1 2.6 2.68 4.43 4.35 5.45
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return -0.49 1.98 - 11.13 7.36 4.59 5.27 5.99
As as 30 Sep 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Colonial Wholesale Target Return Income
Australian Equities
6.56%
International Equities
0.96%
Cash
34.13%
Fixed Interest
52.31%
Alternatives
6.04%
Property
0%
Average Allocation of Peers
Australian Equities
3.74%
International Equities
0.10%
Cash
7.61%
Fixed Interest
88.34%
Alternatives
0.15%
Property
0.07%

General Information

Fund Details
Type Description
Colonial Wholesale Target Return Income
Colonial First State Investments Limited
FSF0694AU
Multi-Strategy Income
starstar (as at 30 Sep 2019)
Investment Fund
28 Feb 2005
$37.8 million (as at 30 Sep 2019)
$0.8916 (as at 16 Oct 2019)
$0.889 (as at 16 Oct 2019)
Fund Objective
To actively manage investor capital to target a total return of 3% pa above the Reserve Bank of Australiacash rate over three years (including franking) before fees and taxes by investing across income producing assets including cash, bonds, capitalnotes and equity income strategies. The option will aim to pay an annual income in the region of 5% out of its total return.
Fund Strategy
The option manages a broad opportunity set of income producing investments, actively adjusting the investment mix to achieve the target return under all market conditions. The investment style is an active, research-driven decision making process that seeks to construct a portfolio of the best ideas across the capital structure in a risk aware framework. The option provides daily liquidity and is managed from the perspective of an Australian investor, thereby incorporating the benefits of franking credits.
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 0.57% (as at 30 Jun 2019) (Estimated)
Minimum initial investment $5,000.00
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Jun 2019)

Holding (as at 30 Jun 2019) Type % of Portfolio
National Australia Bank Ltd Hybrid Securities Preferred Stock 6.41%
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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 11.39%
Intelligent Investor Equity Growth 9.87%
InvestSMART High Growth 9.27%
Intelligent Investor Equity Income 9.06%
InvestSMART Diversified Property and Infrastructure 8.48%
InvestSMART Growth 8.47%
Intelligent Investor Australian Small Companies Fund 7.27%
InvestSMART Balanced 6.86%
InvestSMART Conservative 5.33%
InvestSMART Hybrid Income 5.27%
InvestSMART Interest Income 3.75%