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Milliman Managed Risk Multi-Index High Growth


The Milliman Managed Risk Multi-Index High Growth Fund (the Fund) offers investors access to long-term capital growth through exposure to equity markets, while simultaneously providing downside protection against market volatility. The Fund uses futures to hedge assets that act independently of the underlying portfolio to help foster growth in up markets while defending against losses in down markets.

Proven track record

Strategies refined through several market cycles.

A trusted name

Provides investment advisory, hedging and consulting services on USD $153 billion in global assets.

Local expertise

Over 150 professionals in three trading platforms providing 24/5 monitoring and execution of risk management strategies.


Investment objective: To provide returns similar to the MSCI World Index, but with lower absolute volatility and superior downside protection, over the longer term.





Investment horizon

18 May 2015 Passive multi-asset exposure with Managed Risk (Volatility and Capital Protection)  Quarterly Two primary holdings (an underlying equities fund and a hedge account) Long term i.e. at least 7 years
Volatility target Cash limit Management fee1 Minimum investment APIR code
11% p.a. 0-70% 0.70% p.a. (Class A)
0.85% p.a (Wholesale Class)

$25,000 (Class A)

$5,000 (Wholesale Class)

FSF1763AU (Class A)
FSF1701AU (Wholesale Class)

Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the issuer of the FirstChoice range of super and pension products from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. CFSIL also issues interests in products made available under FirstChoice Investments and FirstChoice Wholesale Investments. This is based on the understanding of current regulatory requirements and laws as at the date of publication. While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including CFSIL, accepts responsibility for any loss suffered by any person arising from reliance on this information. This information for the adviser only and is not to be handed on to any investor. It does not take into account any person’s individual objectives, financial situation or needs. The Target Market Determinations (TMD) for our financial products can be found at and include a description of who a financial product is appropriate for. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) before making any recommendations to a client. Clients should read the PDS and FSG before making an investment decision and consider talking to a financial adviser. The PDS and FSG can be obtained from or by calling us on 13 18 36.

From time to time, CFSIL enters into alliance partnerships with dedicated and experienced investment specialists. Each alliance represents an agreement for CFSIL to provide third party distribution services within the Australian Financial Services intermediary market.

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