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FirstChoice WS Pers Super - PM Capital Wholesale Global Companies

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106530-2023-11-22-02:26.pdf
FUND MANAGER PM Capital
ASX Code
APIR FSF0837AU
ASSET CLASS GLOBAL EQUITIES
INVESTMENT STYLE

The option invests in a portfolio of global assets.

INVESTMENT PROFILE

The option is likely to have varied outcomes from those of a traditional index benchmarked option.

CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 07-03-2006
BENCHMARK RBA cash rate plus 4.5% & MSCI World Net Index (100%)
FUND SIZE RBA cash rate plus 4.5% & MSCI World Net Index (100%)
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS 25-45
FEES 1.26% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing with FirstChoice

FirstChoice 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 provides you with exceptional value, service and choice.

Value

FirstChoice 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 130 investment options and over 70 investment managers give you real choice and diversity, across specialist boutiques and leading brands.

Investment options

With FirstChoice, 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 130 ways to achieve your specific investment goals

FirstChoice has more than 130 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.

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, your money is combined with other investors' money in FirstChoice. Each FirstChoice 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 investment 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 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, you can look forward to receiving:

  • iQ magazine
  • regular statements
  • confirmation letters.

 

 

RISK LEVEL Very high
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

PM Capital

PM Capital Limited, founded in 1998 by its Chief Investment Officer and Chairman, Paul Moore, is a globally-focussed fund manager that manages money on behalf of private clients, the clients of financial advisers and institutions. PM Capital’s goal is to build long-term wealth by investing in global markets with patience and conviction. It has won numerous awards for its investment performance. PM Capital provides an opportunity for clients to invest alongside its investment team, which has a significant investment in its managed products. In fact, most of the products managed by PM Capital began as ways to invest the firm’s own capital. This ensures an alignment of interest with investors. We believe in always acting and investing independently, with integrity and in the best interests of our co-investors - even if that means respectfully disagreeing with the rest of the market. We offer a number of concentrated strategies for investors looking to take advantage of opportunities that many investors may overlook.

How your super account works

FirstChoice 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, adviser service fees or licensee 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 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 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

The money in your investment option is invested across a range of assets. The option aims to provide long-term capital growth and outperform the greater of the MSCI World Index or the Reserve Bank of Australia cash rate after fees and taxes over rolling seven-year periods. The goal of the option is not to replicate the standard industry benchmarks such as the MSCI, and it is likely to have varied outcomes from those of a traditional index benchmarked option.

Investment strategy

The option invests in approximately 25 to 45 stock-specific ideas diversified across global markets. The portfolio may also own interest bearing debt securities. All the portfolio positions are subject to intensive research and peer group review. PM Capital can use derivatives and sell stocks short as a risk management tool. The level of direct shorts will not be in excess of 30% of the portfolio. Leverage generally shall not exceed 30% of net asset value of the option. PM Capital may elect to hedge up to 100% of the foreign currency exposure.

A performance-related fee may apply. 

Investment ranges

(Asset class: Range / Benchmark)

  • Equities: 0% -110% / n/a
  • Cash: 0% -100% / n/a
  • Yield securities: 0% - 30% / n/a