FirstChoice WS Pers Super - Schroder WS Absolute Return Income

Narrow Path to Avoid Recession
TikTok, TikTok
The Return of Yield
Improving Value in Fixed Income
Four "Flavours" of Value for Equity Investors
The Charts that Show How the World Has Changed in the Past 12 Months
Has the Peak in Official Rates Been Reached?
It Ain't What You Don't Know that Gets You into Trouble
From Defence to Offence
Braced for Continued Volatility

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106611-2023-11-22-02:26.pdf
FUND MANAGER Colonial First State Investments
ASX Code

The option is an active absolute return strategy that invests in a range of domestic and international fixed income securities denominated in various currencies. 


To outperform the Reserve Bank of Australia cash rate by 2.5% p.a. after fees and taxes over rolling three-year periods with no negative returns on a 12 month rolling basis.

BENCHMARK Reserve Bank of Australia cash rate
FUND SIZE Reserve Bank of Australia cash rate
FEES 0.92% p.a.



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.


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


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


Over 140 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.

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.




A super account to:

  • Are seeking capital preservation and/orincome distribution
  • Are intending to use it as a core component or satellite/small allocation within a portfolio
  • Have a medium or long investment timeframe
  • Have a medium risk/return profile
  • Need the ability to have daily access to capital.



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.


How we invest your money

Investment strategy

Detailed risk analysis is used to design a portfolio of shares which provides the greatest likelihood of matching the performance of the FTSE EPRA/NAREIT Developed Rental Index ex Australia rental index NTR, hedged to Australian dollars. This option aims to hedge currency risk.

Investment ranges

(Asset class: Range / Benchmark)

  • Australian and global investment grade securities 0% - 100%
  • Cash and equivalents 0% - 100%
  • Australian high yield 0% - 40%
  • Global high yield 0% - 30%
  • Active currency 0% - 10%