Following a comprehensive review, the CFS Investments team is adjusting the asset allocation of the multi-asset funds with the aim of improving investor outcomes. These adjustments will complete in June 2024.
The changes, including the composite benchmarks, are as follows:
15%
12%
-3%
10%-20%
0% -20%
10%
14%
+4%
5%-15%
5% -25%
5%
2%
-3%
0%-10%
0% -10%
-
2%
+2%
-
0% -10%
40%
50%
+10%
-
40% -60%
30%
20%
-10%
-
10% -30%
60%-80%
-
New composite benchmark:
20.0% Bloomberg AusBond Bank Bill Index, 20.0% Bloomberg AusBond Composite 0+Yr Index, 20.0% Bloomberg Global Aggregate Index (AUD hedged), 6.0% MSCI All Country World ex Australia Net Index, 4.0% MSCI All Country World ex Australia Net Index Hedged AUD, 2.0% MSCI World Small Cap Index, 2.0% MSCI Emerging Markets Index, 10.0% Bloomberg Global Aggregate Corporate Index (AUD hedged), 11.0% S&P/ASX 300 Accumulation Index, 1.0% S&P/ASX Small Ordinaries Index, 2.0% FTSE EPRA/NAREIT Developed Index (AUD hedged), 2.0% FTSE Global Core Infrastructure 50/50 Index (AUD hedged).
25%
18.5%
-6.5%
20%-30%
10% -30%
20%
25.5%
+5.5%
15%-25%
15% -35%
5%
3%
-2%
0%-10%
0% -15%
-
3%
+3%
-
0% -15%
35%
37%
+2%
-
25% -45%
15%
13%
-2%
-
5% -25%
-
-
-
40%-60%
-
New composite benchmark:
13.0% Bloomberg AusBond Bank Bill Index, 14.0% Bloomberg AusBond Composite 0+Yr Index, 14.0% Bloomberg Global Aggregate Index (AUD hedged), 12.5% MSCI All Country World ex Australia Net Index, 7.5% MSCI All Country World ex Australia Net Index Hedged AUD, 2.5% MSCI World Small Cap Index, 3.0% MSCI Emerging Markets Index, 9.0% Bloomberg Global Aggregate Corporate Index (AUD hedged), 17.0% S&P/ASX 300 Accumulation Index, 1.5% S&P/ASX Small Ordinaries Index, 3.0% FTSE EPRA/NAREIT Developed Index (AUD hedged), 3.0% FTSE Global Core Infrastructure 50/50 Index (AUD hedged).
35%
28.5%
-6.5%
30%-40%
20% -40%
25%
32.5%
+7.5%
20%-30%
25% -45%
5%
4.5%
-0.5%
0%-10%
0% -15%
5%
4.5%
-0.5%
0%-10%
0% -15%
25%
25%
-
-
15% -30%
5%
5%
-
-
0% -15%
20%-40%
-
New composite benchmark:
5.0% Bloomberg AusBond Bank Bill Index, 9.0% Bloomberg AusBond Composite 0+Yr Index, 9.0% Bloomberg Global Aggregate Index (AUD hedged), 15.0% MSCI All Country World ex Australia Net Index, 10.0% MSCI All Country World ex Australia Net Index Hedged AUD, 3.5% MSCI World Small Cap Index, 4.0% MSCI Emerging Markets Index, 7.0% Bloomberg Global Aggregate Corporate Index (AUD hedged), 26.0% S&P/ASX 300 Accumulation Index, 2.5% S&P/ASX Small Ordinaries Index, 4.5% FTSE EPRA/NAREIT Developed Index (AUD hedged), 4.5% FTSE Global Core Infrastructure 50/50 Index (AUD hedged).
40%
41%
1%
35%-45%
30% -50%
10%
-
-10%
5%-15%
-
50%
58%
+8%
40%-60%
50% -70%
0%
1%
+1%
0%-10%
0% -10%
New composite benchmark:
1.0% Bloomberg AusBond Bank Bill Index, 31.0% MSCI All Country World ex Australia Net Index, 18.0% MSCI All Country World ex Australia Net Index Hedged AUD, 4.0% MSCI World Small Cap Index, 5.0% MSCI Emerging Markets Index, 37.0% S&P/ASX 300 Accumulation Index, 4.0% S&P/ASX Small Ordinaries Index.
You should read this Update in conjunction with the Managed Investment Funds disclosure document:
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For more information about these changes, please refer to the relevant PDS, speak to a financial adviser if you have one, or call us on 13 13 36, 8:30am to 6pm Monday to Friday Sydney time.
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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Wholesale Investments and other managed investment schemes.
Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.