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Thrive+

Thrive+

Sustainable Growth

Sustainable Growth

 

We believe that how an organisation manages its environmental and social issues, and the quality of its corporate governance, directly influences its ability to sustain returns over the longer term. In line with this philosophy, we created the CFS Thrive+ Sustainable Growth investment option to deliver competitive market returns and advocate for better outcomes for our members and society.

Investment objective

To provide capital growth and income over the long term. To outperform the option’s composite benchmark over rolling three-year periods before fees and taxes. 

 

Minimum suggested timeframe
 

5 Years

INVESTMENT STRATEGY

The option is managed to sustainable investment criteria that encourages investment in companies with a sustainable business and strong environment, social and governance characteristics. It seeks to avoid investments in certain companies or activities that have a highly adverse effect on the environment or society. This option is governed by the Thrive+ Sustainable Investment Charter.

Risk level

Standard Risk Measure
Estimated number of negative annual returns over any 20-year period is 4 to less than 6 years. 

Asset allocation

Performance

As the CFS Thrive+ Sustainable Growth option commenced in September 2022, there is currently no performance history. However, with a strong combination of leading investment managers and a high (80%) allocation to growth assets such as Australian and global shares, and 20% to defensive assets such as fixed interest and cash, the option aims to provide capital growth and some income over the long term that broadly reflects the performance outcomes of these asset classes. 

 

FEES AND COSTS

  • FirstChoice Wholesale Personal Super
      Administration fee
    (%)    		 Investment fee & costs
    (%)    		 Net transaction costs
    (%)    		 Estimated performance fee1
    (%)    		 Buy/Sell spread
    (applicable only on application/redemption)
    (%)

    FirstChoice Wholesale – Personal Super

    0.20

    0.69

    0.04

    0.14

    0.10

    All figures shown include the net effect of GST and any related GST credits.

    1Performance fees are payable from some underlying investment funds if their investment returns exceed specified targets. The estimated performance fee is based on the actual performance of the underlying investment funds for the five years to June 30, 2022. Future performance fees may be greater or lesser than the estimate.

  • FirstChoice Employer Super
    Total administration andinvestment fees and costs (pa) = Administration fees andcosts (pa)1 + Investment fees andcosts (pa) + Performancefee (pa)2 Buy/sellspread (%)

    0.87%

     

    0.04%

     

    0.69%

     

    0.14

    0.10

    1Dollar-based administration fees of $60 pa ($5.00 per month) per account are payable in addition to the fees shown above.

    2This estimate is based on the average of the performance fees charged on the underlying funds in the five previous financial years to 30 June 2022. As past performance is not a reliable indicator of future performance, the performance fee payable in the future may differ. 

    All fees and costs shown are inclusive of the net effect of GST and any related GST credits. Refer to the Product Update for more details on the fees and costs applicable to the CFS Thrive+ Sustainable Growth option. For more information about FirstChoice Employer Super please read the PDS.

  • FirstChoice Wholesale Investments
      Administration fee
    (%)    		 Investment fee & costs
    (%)    		 Net transaction costs
    (%)    		 Estimated performance fee1
    (%)    		 Buy/Sell spread
    (applicable only on application/redemption)
    (%)

    FirstChoice Wholesale – Investments

    n/a

    0.89

    0.04

    0.14

    0.10

    All figures shown include the net effect of GST and any related GST credits.

    1Performance fees are payable from some underlying investment funds if their investment returns exceed specified targets. The estimated performance fee is based on the actual performance of the underlying investment funds for the five years to June 30, 2022. Future performance fees may be greater or lesser than the estimate.

  • FirstChoice Wholesale Pensions
      Administration fee
    (%)    		 Investment fee & costs
    (%)    		 Net transaction costs
    (%)    		 Estimated performance fee1
    (%)    		 Buy/Sell spread
    (applicable only on application/redemption)
    (%)

    FirstChoice Wholesale – Pension

    0.20

    0.69

    0.04

    0.14

    0.10

    All figures shown include the net effect of GST and any related GST credits.

    1Performance fees are payable from some underlying investment funds if their investment returns exceed specified targets. The estimated performance fee is based on the actual performance of the underlying investment funds for the five years to June 30, 2022. Future performance fees may be greater or lesser than the estimate.

  • Essential Super
      Administration fee
    (%)    		 Investment fee & costs
    (%)    		 Net transaction costs
    (%)    		 Estimated performance fee1
    (%)    		 Buy/Sell spread
    (applicable only on application/redemption)
    (%)

    Essential Super

    0.042

    0.69

    0.04

    0.14

    0.10

    All figures shown include the net effect of GST and any related GST credits.

    1Performance fees are payable from some underlying investment funds if their investment returns exceed specified targets. The estimated performance fee is based on the actual performance of the underlying investment funds for the five years to June 30, 2022. Future performance fees may be greater or lesser than the estimate.

    2Plus dollar based administration fee of $60 p.a. ($5 per month) per account.

  • FirstWrap
      Administration fee
    (%)    		 Investment fee & costs
    (%)    		 Net transaction costs
    (%)    		 Estimated performance fee1
    (%)    		 Buy/Sell spread
    (applicable only on application/redemption)
    (%)

    FirstWrap

    0.552

    0.69

    0.04

    0.14

    0.10

    All figures shown include the net effect of GST and any related GST credits.

    1Performance fees are payable from some underlying investment funds if their investment returns exceed specified targets. The estimated performance fee is based on the actual performance of the underlying investment funds for the five years to June 30, 2022. Future performance fees may be greater or lesser than the estimate.

    2Tiered schedule based on account balance. Amount shown is for the first $100,000. Please refer to the current FirstWrap Super and Pension PDS or FirstWrap Investments IDPS Guide for full details.

  • Class A
      Administration fee
    (%)    		 Investment fee & costs
    (%)    		 Net transaction costs
    (%)    		 Estimated performance fee1
    (%)    		 Buy/Sell spread
    (applicable only on application/redemption)
    (%)

    Class A

    n/a

    0.69

    0.04

    0.14

    0.10

    All figures shown include the net effect of GST and any related GST credits.

    1Performance fees are payable from some underlying investment funds if their investment returns exceed specified targets. The estimated performance fee is based on the actual performance of the underlying investment funds for the five years to June 30, 2022. Future performance fees may be greater or lesser than the estimate.

The fund managers

The fund managers

We believe that an investment option like this requires active management of inclusions, exclusions and stewardship. To manage the screening process, we've partnered with specialist external managers that are aligned to our sustainable investment criteria and have robust frameworks in place for selecting, retaining and selling investments. Please refer to the Manager Profile for a list of the specialist managers we have appointed, and you can also review the portfolio holdings of Thrive+.

 


 

Join or switch to CFS' Thrive+ Sustainable Growth

Become a member

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You can choose to invest in Thrive+ through:

FirstChoice Wholesale Super
FirstChoice Wholesale Pension
FirstChoice Wholesale Investments

I'm an existing member

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How to change your investments

If you’re an existing member with CFS you can add Thrive+ Sustainable Growth to your existing super, pension or investments portfolio. 

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TO INVEST IN THRIVE+ THROUGH FIRSTCHOICE EMPLOYER SUPER

If your employer has chosen CFS FirstChoice Employer Super as their default fund, to join the fund simply contact your HR or Payroll team with a completed Super Fund Nomination form. Once your  account is open and your first contribution has been received, you’ll be able to switch to the Thrive+ Sustainable Growth investment option. If you wish to update your investments before your first contribution, please contact us on 1300 654 666. 

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Talk to us today

To learn more talk to your local BDM today.

RELATED READING

Our responsible investing journey

We began our journey to become a more responsible investor in 2015 with work that led to our Responsible Investment Framework. This has evolved and continues today with the renewal of our commitment in our Responsible Investment Policy. 

The CFS Thrive+ Sustainable Growth option not only adheres to this policy, but goes beyond with specific exclusions and areas of focus, governed by the Thrive+ Sustainable Investment Charter, to ensure we continue to work towards providing you with the means for sustainable, long-term wealth protection and enhancement. 

The risk of investing

Each investment comes with an element of risk, including CFS' Thrive+ Sustainable Growth option. Knowing your own risk tolerance will help you make more informed investment decisions, and help you decide if Thrive+ is right for you. 

CFS have created a Risk Profiler. A tool to help you work out your risk appetite. You can find it here. 

FREQUENTLY ASKED QUESTIONS

  • What is sustainable investing?

    Sustainable investing is a holistic approach to investing, where social, environmental, corporate governance are considered alongside financial performance when making an investment. 

  • What is a sustainable fund?

    A sustainable fund is different to our other traditional funds because it has a dual purpose – the first, like all other funds, is to generate competitive investment returns over the longer term. The second is to do so in a way that that is good for people, planet and policy. So before an investment in a company is made, three ESG factors are considered. They are: 

    1. Social factors [People]: Workplace health and safety, labour rights, Modern slavery, Healthcare,

    2. Environmental factors [Planet]: Fossil fuels, Waste & pollution, Water, Biodiversity and

    3. Governance [Policy]: Board composition, Remuneration & alignment, Diversity and Inclusion, Transparency & Reporting, Conduct & Culture.

    These three ESG factors will be at the heart of the investment decision making process. 

  • Who is CFS Thrive+ suitable for?

    The CFS Thrive+ investment option will be suitable for investors who seek a ready-made diversified portfolio who seek a competitive market return with the opportunity to invest in a manner that aligns with their personal values. Please refer to the Product Update for more information on Thrive+ Sustainable Growth option to understand if this investment option is right for you. 

  • How did CFS choose the fund managers?

    For the selection of investment managers, along with a sustainability criteria, a robust and consistent selection process is used to ensure that the fund achieves its financial objective. This includes investment and operational due diligence to assess the business, people and incentive structure, investment process, ability to implement exclusions, performance and additional quantitative metrics to ensure alignment of process, performance and portfolio characteristics. The manager research process also involves a series of manager meetings and is supplemented by quantitative assessment using specialist third party providers. 

  • How do we monitor the fund?

    Our in-house investment team regularly monitor the investment managers including any change to their investment process, performance and characteristics of the portfolio. We also review the people, planet and policy factors and the climate metrics using a third party data provider and methodology. This ensures investments are aligned to our Thrive+ Sustainable Investment Charter and we have a portfolio positively aligned to Sustainable Development Goals, better than benchmark ESG practices and carbon metrics lower than their respective benchmark. 

Responsible Investment – quick links

Disclaimer

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. This information 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 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. Past performance is no indication of future performance. This information is based on current requirements and laws as at the date of publication. Published as at 19 September 2022. 
 

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 Investments and FirstChoice Wholesale Investments.

 

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.