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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 (Closed)

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.

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 2.09% 6.01% 9.62% 2.74% 3.47% 3.91% -% -%
Growth return 2.09% 6.01% 9.62% 2.74% 3.47% 3.91% -% -%
Income return 0% 0% 0% 0% 0% 0% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.94% 1.97% 4.22% 4.27% 3.91% 2.4% 2.03%
As at 30 Nov 2022. 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
-43.05%
Cash
143.05%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
4.33%
Cash
44.34%
International Equities
7.28%
Property & Infrastructure
1.89%
Fixed Interest
17.53%
Alternatives
24.64%

General Information

Fund Details
Type Description
FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return
Closed
FSF3101AU
Alternative - Other
Not Rated
Allocated Pension
9 Jun 2018
$0.02 million (as at 30 Nov 2022)
$1.0715 (as at 16 Dec 2022)
$1.0715 (as at 16 Dec 2022)
Finalised
Offer information
Type Description
MER 2.09% (as at 24 Jun 2022)
Indirect Cost Ratio (ICR) - Estimated 1.68% (as at 30 Jun 2021) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment $20,000

FAQs about the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return

The objective of the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund is 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.

The strategy of the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund is 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.

The APIR code of the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund is FSF3101AU.

FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return’s total return last month was 2.09%. This was made up of a growth return of 2.09% and an income return of 0%. These returns were calculated as at 30 Nov 2022.

FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return’s total return for the last three months was 6.01%. This was made up of a growth return of 6.01% and an income return of 0%%. These returns were calculated as at 30 Nov 2022.

FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return’s one-year total return is 2.74%. This was made up of a growth return of 2.74% and an income return of 0%. These returns were calculated as at 30 Nov 2022.

FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return’s one-year total return is 3.91%. This was made up of a growth return of 3.91% and an income return of 0%. These returns were calculated as at 30 Nov 2022.

The asset allocation of the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund is :

Australian Equities
-43.05%
Cash
143.05%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Nov 2022, the size of the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund was $0.02 million.

The FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund has an inception date of 9 Jun 2018.

The current entry price of the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund is $1.0715 per unit and the current exit price is $1.0715 per unit (as at 16 Dec 2022).

The current exit price of the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return managed fund is $1.0715 per unit and the current entry price is $1.0715 per unit (as at 16 Dec 2022).

The minimum initial investment amount for the FirstChoice Wholesale Pension - Bennelong Kard Wholesale TTR Absolute Return 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.