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  5. FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return - Managed fund profile

FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return - 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 0.67 -3.94 0.11 1.43 - - - -
Growth return 0.67 -3.94 0.11 1.43 - - - -
Income return 0 0 0 0 - - - -
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.01 0.13 0.36 0.93 1.44 1.55 1.74 2.67
As as 30 Apr 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return
Australian Equities
42.25%
Cash
57.75%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
9.54%
Cash
50.17%
International Equities
7.21%
Property
1%
Fixed Interest
8.69%
Alternatives
23.40%

General Information

Fund Details
Type Description
FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return
Colonial First State Investments Limited
FSF3101AU
Alternative Strategies
Not Rated
Allocated Pension
9 Jun 2018
$0.38 million (as at 30 Apr 2020)
$0.9516 (as at 28 May 2020)
$0.9487 (as at 28 May 2020)
Fund Objective
To achieve a return of 5% pa in excess of the Reserve Bank of Australia cash rate before fees and taxes over rolling five-year periods, with an overarching philosophy of capital protection.
Fund Strategy
Capital preservation is a primary investment objective. Through a combination of both top-down and bottom-up investing, the majority of stocks are selected after Kardinia's macroeconomic analysis has identified key investment thematics or trends. The option will generally have a maximum gross exposure (long plus short) of 150%. The option may use derivatives and short selling as part of its investment strategy, it may invest outside of Australia and does not hedge currency risk.
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 2.47% (as at 18 Nov 2019) (Estimated)
Minimum initial investment $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 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.

How is your fund performing?

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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Underperforming
81%^

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Our Managed Funds

Returns Since Inception
InvestSMART International Equities 10.14%
Intelligent Investor Equity Growth 6.84%
InvestSMART High Growth 6.60%
InvestSMART Growth 6.18%
InvestSMART Balanced 5.06%
InvestSMART Conservative 3.97%
Intelligent Investor Equity Income 3.65%
InvestSMART Interest Income 3.26%
InvestSMART Property and Infrastructure 2.90%
InvestSMART Hybrid Income 2.77%
Intelligent Investor Australian Small Companies Fund 2.11%
Learn more