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CFS FC Inv-Integrity Aus Shr No.2

Fund manager Colonial First State Investments Limited
APIR code FSF0418AU
S&P Rating Not Rated
Morningstar Rating™ QuestionMark starstar
Platform name CFS FirstChoice Investments
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Fund Facts
Legal structure Investment Trusts
Fund inception date 03 Jan 2003
Fund objective To provide long-term capital growth with some income by investing in a broad selection of Australian companies.
Fund strategy Integrity believes that the Australian sharemarket is relatively inefficient, therefore allowing a disciplined and skilled active manager to outperform the market over a full investment cycle. Integrity?s process focuses on forecasting mid-cycle and sustainable cash flows to determine valuations. This process allows for any impacts of trend earnings from structural changes within an industry or company, as well as adjusting for any financial engineering that is artificially increasing current earnings.
Fund size $66.56 million (as at 31 Dec 2011 )
Entry price $0.8731 (as at 08 Feb 2012)
Exit price $0.8696 (as at 08 Feb 2012)
Valuation frequency Daily
Cash distribution (cents/unit) 0.8000
Distribution as at date 18 Dec 2011
Fund Performance (as at 31/01/2012)
* returns greater than 1 year are annualised
1 month 3 months 1 year 3 yrs pa* 5 yrs pa* Since inception pa*
Total return 5.01% -2.12% -10.27% 5.15% -3.93% 7.23%
Growth return 5.01% -3.03% -12.95% 1.94% -11.59% -1.59%
Income return 0.00% 0.91% 2.97% 3.15% 8.12% 8.58%
Peer group rank/group size 34 (108) 103 (108) 101 (108) 101 (101) 80 (86) N/A
Morningstar peer group return 3.99% -0.12% -5.04% 11.04% -2.05% N/A
Market return 5.08% 0.06% -6.17% 11.21% -1.70% 11.46%
Asset Allocation (as at 31/01/2012)
Class
% held
Australian Shares
98.80%
International Shares
0.00%
Cash
1.20%
Listed Property
0.00%
Direct Property
0.00%
Australian Fixed Interest
0.00%
International Fixed Interest
0.00%
Mortgage
0.00%
Other
0.00%
Total
100.00%
Top 10 Holdings (as at 31/08/2005)
Holding
% held
National Australia Bank Ltd
8.78%
BHP Billiton Ltd
8.20%
Telstra
6.54%
Westpac Banking
6.02%
AMP Ltd
5.96%
News
4.47%
Insurance Australia Grp Ltd
4.00%
Lend Lease
3.74%
Commonwealth Bank of Australia
3.59%
Fairfax (John) Hldgs Ltd
3.18%
Investment Details
Initial investment $5000.00
Additional investment $0.00
Redemption amount N/A
Regular savings plan Yes
Standard entry fee 4.00%
2020 entry fee 0.00%
Standard exit fee 0.00%
2020 exit fee 0.00%
ICR pa (30/06/2011) 1.86%
Performance fee N/A
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Fee Disclosure
2020 DIRECTINVEST may receive a trailing commission ranging from 0.2% - 0.6% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor.

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