The CFS Investments team has made some adjustments to the asset allocation of the CFS Builder series with the aim of improving investor outcomes.
The changes are (where applicable):
1. Increasing the proportion of the global share allocation that is hedged against currency movements
2. Switching a portion of the fixed interest allocation from global to Australian securities.
3. Switching a portion of the global property securities allocation to global infrastructure securities.
4. Increasing the allocation to global emerging market shares within the global share allocation. The composite benchmark no longer includes the MSCI World Small Cap Index as part of the global shares benchmarking.
5. Increasing the allocation to small companies within the Australian shares allocation. The composite benchmark no longer includes the S&P/ASX Small Ordinaries Index, with the Australian shares allocation now fully benchmarked against the S&P/ASX 300 Total Return Index.
This has a corresponding change to the composite benchmarks and “Target” allocations, as follows:
CFS Defensive Builder
Previous
New
Change
Cash
Bloomberg AusBond Bank Bill Index
20.00%
20.00%
No change
Australian fixed interest
Bloomberg AusBond Composite 0+ Yr Index
20.00%
23.00%
3.00%
Global fixed interest
Bloomberg Global Aggregate Corporate Index (AUD hedged)
25.00%
25.00%
No change
Global fixed interest
Bloomberg Global Aggregate Index (AUD hedged)
18.00%
15.00%
-3.00%
Global shares
MSCI All Country World ex Australia Net Index
4.00%
4.00%
No change
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
2.00%
2.00%
No change
Unlisted infrastructure
MSCI Australia Quarterly Private Infrastructure Index (Unfrozen) - Post-fee Total Return (50th Percentile)
4.00%
4.00%
No change
Unlisted Australian property
MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index – NAV-Weighted Post-Fee Total Return (All Funds)
3.00%
3.00%
No change
Australian shares
S&P/ASX 300 Total Return Index
4.00%
4.00%
No change
CFS Growth Builder
Previous
New
Change
Cash
Bloomberg AusBond Bank Bill Index
2.00%
2.00%
No change
Global fixed interest
Bloomberg Global Aggregate Corporate Index (AUD hedged)
12.00%
12.00%
No change
Global listed infrastructure
FTSE Developed Core Infrastructure 50/50 Net Index Hedged AUD
2.00%
2.0%
No change
Global listed property securities
FTSE EPRA/NAREIT Developed ex Australia Rental Index NTR (AUD hedged)
2.00%
1.00%
-1.00%
Unlisted infrastructure
MSCI Australia Quarterly Private Infrastructure Index (Unfrozen) - Post-fee Total Return (50th Percentile)
4.00%
5.00%
1.00%
Unlisted Australian property
MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index – NAV-Weighted Post-Fee Total Return (All Funds)
2.00%
2.00%
No change
Global shares
MSCI All Country World ex Australia Net Index
25.00%
24.50%
-.0.00%
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
14.00%
15.50%
1.50%
Global shares – emerging markets
MSCI Emerging Markets Net Index
5.00%
7.00%
2.00%
Global shares – small companies
MSCI World Small Cap Index
3.00%
0.00%
-3.00%
Australian shares
S&P/ASX 300 Total Return Index
29.00%
29.00%
No change
Changes to the overall target asset allocation as per the PDS:
- Infrastructure – increase from 6.0% to 7.0%
- Property – decrease from 4.0% to 3.0%
CFS Equity Builder
Previous
New
Change
Cash
Bloomberg AusBond Bank Bill Index
1.00%
1.00%
No change
Global shares
MSCI All Country World ex Australia Net Index
31.00%
31.00%
No change
Global shares - hedged
MSCI All Country World ex Australia Net Index Hedged AUD
18.00%
21.00%
3.00%
Global shares – emerging markets
MSCI Emerging Markets Net Index
7.00%
8.00%
1.00%
Global shares – small companies
MSCI World Small Cap Index
4.00%
0.00%
-4.00%
Australian shares
S&P/ASX 300 Total Return Index
39.00%
39.00%
No change
We're here to help
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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Things you should know
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 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.