Uses systematic modelling to capture a balanced combination of various market themes. A dynamic risk parity technique is used to maximise diversification across these themes, aiming to generate a stable return profile, irrespective of market conditions which is lowly correlated to traditional asset classes.
Fund approach
The Aspect Absolute Return Fund has been designed with distinct features that are crucial for delivering absolute returns for investors.
Consistent absolute returns
Consistent absolute returns that are independent of movements in traditional equity and bond markets.
Valued daily
The Fund’s underlying assets are valued daily using transparent, independent and publicly available pricing sources.
Quantitative process
Quantitative process analyses market data and determines return opportunities across markets.
Fund facts
Established
5 December 2017
Benchmark
Reserve Bank of Australia cash rate
Style
Absolute return alternative investments
Investment objective
To produce consistent absolute returns that are independent of overall movements in traditional equity and bond markets. The fund aims to provide a return greater than the Reserve Bank of Australia cash rate over rolling three-year periods after fees and taxes.
Investment horizon
At least 5 years
Investible universe
>230 liquid futures, FX forwards and cleared OTC swaps
Cash limit
N/A
Management fee *
0.60% p.a. Class A
0.83% p.a. FirstChoice Wholesale Personal Super and Pension
0.80% p.a. FirstChoice Wholesale Investment
Performance fee
10% on the dollar value of positive performance after management fees (less carried forward negative performance) above the Reserve Bank of Australia cash rate. For more information, refer to the PDS.
Buy/sell spread
Nil
Entry/exit fees
Nil
Minimum investment
$25,000 Class A
$20,000 FirstChoice Wholesale Pension
$1,000 FirstChoice Wholesale Investments
Nil FirstChoice Wholesale Super
APIR code
FSF3532AU Class A
FSF5242AU FirstChoice Wholesale Investments FSF2832AU FirstChoice Wholesale Pension
FSF9679AU FirstChoice Wholesale Personal Super
Please refer to the Product Disclosure Statement (PDS) for further details on fees and other costs that may apply.
*On the dollar value of positive performance after management fees (less carried forward negative performance) above the Reserve Bank of Australia cash rate. For more information, refer to the PDS.
Resources
Performance reports
Product collateral
Additional information
Insights
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Adviser use only
Information on this webpage is provided by Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 and Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468. It may include general advice but does not consider anyone’s individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statements (PDSs), Investor Directed Portfolio Service Guides (IDPS Guides) and Financial Services Guides (FSGs) before making any recommendations to a client. The PDSs, IDPS Guides and FSGs can be obtained from www.cfs.com.au or by calling us on 13 18 36. Past performance or awards are no indication of future performance.