FirstChoice Emp Super - Magellan Infrastructure
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101210-2023-11-18-02:22.pdf |
FUND MANAGER | Magellan Asset Management |
ASX Code | |
APIR | FSF3035AU |
ASSET CLASS | INFRASTRUCTURE |
INVESTMENT STYLE | The Option will invest in companies that generate the dominant part of their earnings from the ownership of infrastructure assets. |
INVESTMENT PROFILE | The Option seeks to achieve attractive risk-adjusted returns over the medium-to-long term while reducing the risk of permanent capital loss, and to outperform the Benchmark over rolling five-year periods before fees and taxes. |
CURRENCY MANAGEMENT | Hedged |
INCEPTION DATE | 18-09-2017 |
BENCHMARK | S&P Global Infrastructure Index hedged to AUD |
FUND SIZE | S&P Global Infrastructure Index hedged to AUD |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 20-40 |
FEES | 0.96% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing with FirstChoice Employer SuperFirstChoice Employer Super provides a super account that helps you reach your retirement goals. We are committed to providing you with:
Benefits of investing in a multi-manager portfolioReady-made portfolios We construct the multi-manager portfolios for investors so they can have access to a range of ready-made portfolios of professionally selected investment managers. Diversification As each of the multi-manager portfolios combines a number of professionally selected investment managers in one investment portfolio, they provide you with a convenient way of diversifying across investment managers to manage your investment risk. Risk levelVery High |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
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Key Features
How your super account worksFirstChoice Employer 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. 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 an adviser service fee, 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 is FirstChoice Employer Super structured?When your contributions are invested in FirstChoice Employer Super, your money is combined with other investors' money in FirstChoice. Each FirstChoice investment option is a separate option within this superannuation fund. Each option invests in an underlying pool' which is managed according to the investment option's objectives. In most cases, we are the responsible entity for the underlying pools, which are managed by each investment manager through a mandate arrangement or, for FirstRate Saver, deposited with Commonwealth Bank of Australia. |
Mandate
How we invest your moneyInvestment strategyThe option will invest in companies that generate the dominant part of their earnings from the ownership of infrastructure assets. Magellan endeavours to acquire these companies at discounts to their assessed intrinsic value. Magellan anticipates that the portfolio will comprise 20 to 40 investments. This option aims to hedge currency risk. A performance-related fee may apply of 10% of the net return (after management fees) above the S&P Global Infrastructure Index (inclusive of the net effect of GST). For more information on the performance-related fee, refer to the fees section in the PDS. Investment ranges(Asset class: Range / Benchmark)
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