FirstChoice WS Pens - AB Managed Volatility Equities

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106696-2023-11-22-02:24.pdf
FUND MANAGER AllianceBernstein
ASX Code

Investing mainly in Australian Securities Exchange (ASX) listed shares but may also invest in global developed market shares (maximum limit of 20%) and cash. 


Aiming to achieve returns that exceed the S&P/ASX 300 Accumulation Index over rolling three-year periods before fees and taxes.

BENCHMARK S&P/ASX 300 Accumulation Index
FUND SIZE S&P/ASX 300 Accumulation Index
FEES 0.80% 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 130 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 130 ways to achieve your specific investment goals

FirstChoice Wholesale 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.


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.





Key Features


Volatility management: An equity investment that seeks to reduce volatility and limit downside risk in falling equity markets while capturing most of the upside in rising markets. 

Capital growth and income: Potential for long-term capital growth with some income, including franked Australian dividend income.

Tax efficient: Strategies that aim to enhance after tax returns. 

Professional management: Access to experienced AB investment professionals and their investment processes including their proprietary research, asset selection and risk management capabilities. 

Ongoing information: Regular investment statements and annual tax statements to keep you fully informed about your investment

Investment Category - Lower Volatility Shares

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

The option invests mainly in Australian Securities Exchange (ASX) listed shares but may also invest in global developed market shares (maximum limit of 20%) and cash. The option implements a managed volatility equities strategy that aims to reduce volatility by identifying, and investing in, high quality listed equity securities that have reasonable valuations, high quality cash flows and relatively stable share prices. The option does not always hedge the foreign currency exposures of its global equity assets to Australian dollars but the the Manager has the discretion to determine the extent of hedging against any foreign currency exposure. Derivatives may be used to manage risks (including foreign currency risk), invest cash, manage volatility and gain or reduce investment exposures. The assets of the option may be used as security (collateral) for derivatives entered into on behalf of the option. Derivatives will not be used for leveraging or gearing purposes.