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FirstChoice WS Pens - CFS WS Index Australian Bond

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100833-2024-06-22-02:24.pdf
FUND MANAGER Colonial First State Investments
ASX Code
APIR FSF0545AU
ASSET CLASS EXCHANGE TRADED FUNDS
INVESTMENT STYLE The option is a passively managed portfolio of bonds which is designed to replicate the Benchmark's performance and risk characteristics.
INVESTMENT PROFILE The option seeks to generate returns comparable to the Australian bond market, as measured by the Benchmark, over rolling one-year periods.
CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 15-06-2004
BENCHMARK Bloomberg AusBond Composite 0+Yr Index
FUND SIZE Bloomberg AusBond Composite 0+Yr Index
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS
FEES 0.34% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in FirstChoice Wholesale

FirstChoice Wholesale is designed to help you achieve your investment goals and provides access to a wide range of managed funds from some of the world's most respected investment managers. FirstChoice Wholesale provides you with exceptional value, service and choice.

Value

FirstChoice Wholesale is a leader in providing value for money. We provide what you want - a great platform at a competitive price.

Service

Our brand is synonymous with service excellence. You will receive fast and personal service.

Choice

Over 180 investment options and over 70 investment managers give you real choice and diversity, across specialist boutiques and leading brands.

Investment options

With FirstChoice Wholesale, you can access a vast range of investment opportunities from well-respected Australian and international investment managers, including specialist boutique investment managers, across different asset classes such as shares, fixed interest, property and cash, all in the one place.

More than 180 ways to achieve your specific investment goals

FirstChoice Wholesale has more than 180 investment options across different asset classes and investment managers so that you can tailor an investment portfolio to meet your needs.

You can choose from:

 

 

  • multi-manager portfolios which are pre-mixed for you, and/or
  • single manager options allowing you to tailor-make your portfolio. a range of FirstChoice Managed Accounts within our FirstChoice Managed Accounts service, if you have an adviser.
  • FirstChoice Managed Accounts are tailored investment portfolios managed by us in consultation with your adviser's dealer group, licensee or an appointed investment manager. Once you select to invest in a FirstChoice Managed Account, your portfolio will be regularly reviewed for you. For more details, you should consult with your financial adviser or refer to the FirstChoice Managed Accounts reference guide.

 

 

Pre-retirement pension members have access to a limited investment menu of 65 investment options.

You can choose one option or a combination of different options. You can transfer your money into other options at any time.

When you are invested in FirstChoice Wholesale, your money is combined with other investors' money in FirstChoice Wholesale. Each FirstChoice Wholesale option is a separate option within this superannuation fund.

Each option invests in an underlying pool' which is managed according to the option's objectives.

Each option has a different level of risk and potential level of returns.

Personal customer service every time

We understand that our success depends on our ability to provide you with great service - every time. We have some of the most dedicated and highly trained people in the market, and we constantly aim for exceptional service.

No waiting for reports and statements

Instead of you waiting weeks for annual reports and tax statements, FirstChoice Wholesale provides you with consolidated reporting at least twice a year, which will give you a complete picture of all your investments and a summary of all your transactions.

FirstNet makes it easy

You can also access up-to-date information on your investments at any time via our secure internet site, FirstNet. FirstNet e-Post is the fast and secure way to submit original forms and requests via FirstNet, our secure online service. You no longer need to post the originals, saving you time and effort. You will receive an instant email confirmation when you submit your request and a reference number. You must only submit original forms.

Receive informative material

As an investor in FirstChoice Wholesale, you can look forward to receiving:

 

  • iQ magazine
  • regular statements
  • confirmation letters.

 

Risk level

Medium

RISK LEVEL 4
INVESTOR SUITABILITY

FirstChoice Wholesale Pension is suitable for individuals looking to invest in a pension for their retirement within the superannuation system with the following objectives, financial situations, and needs:

  • looking to receive a regular income stream using their superannuation (super) savings, or permanent incapacity,terminal illness or super death benefits
  • have the flexibility to change theirincome level as their monetary needs change and the ability to make lump sum withdrawals (where legally permitted) to fund their larger expenditure needs
  • to investin a concessionally taxed environment acknowledge and accept that an investment in the product involves a risk/return trade-off acknowledge and accept that the income they receive from the product will cease upon the depletion of their account balance
  • understand that investments in a transition to retirement account can’t be accessed as a lump sum where a condition of release has not been met
  • looking to invest via a pooled investment arrangement
  • looking to make an active investment choice in relation to their super (potentially with the assistance of a financial adviser)
  • looking to invest in one, or a combination of, the investment options that sit within the following investment categories listed in the Investment categories table below.

Risks

Title
Detail

Key Features

How your FirstChoice Wholesale Personal Super account works

FirstChoice Wholesale Personal Super is an accumulation super fund. This means that each member has an account balance with money flowing in and out of the account.

When a contribution is made to your account, the contribution is used to purchase units in your chosen option. For example, if you make a contribution of $100 and the entry unit price for your chosen option is $1.00, then you will receive 100 units.

The value of your units may fluctuate due to the receipt of investment income and/or changes in the value of the underlying assets held in each option (except for FirstRate products, where the number of units changes as a result of the payment of interest). The unit price you receive may also be affected by other factors such as the payment of tax and other fund costs from the assets of the fund. Other costs that relate specifically to you, such as the payment of insurance premiums or adviser service fees, may also be deducted from your account via the withdrawal of units. This means that your account balance can fluctuate on a daily basis depending on market movements, the costs of running the fund and any expenses that relate specifically to your account.

How your FirstChoice pension account works

When you commence your pension, you are issued units in the investment option(s) you select. The value of units fluctuates as a result of changes in the value of the underlying assets or as a result of costs reflected in the unit price (except for the FirstRate Wholesale options, which are deposits with the Bank and the value changes as a result of the payment of interest). This means that your account balance can fluctuate on a daily basis depending on the value of the units which you hold in your account.

The unit price you receive is the unit price which applies on the day we receive a completed request, provided the request is received before 3pm, Sydney time, on any NSW business day.

Mandate

How we invest your money

Investment strategy

The option is a passively managed portfolio of bonds which is designed to replicate the Benchmark's performance and risk characteristics.

Investment objective

To closely track the Bloomberg AusBond Composite 0+Yr Index with the aim of generating returns (before taxes and fees and assuming income is reinvested) comparable to the Australian bond market, as measured by that benchmark, over rolling one-year periods.

Investment allocation

  • Cash and fixed interest: 100%