FirstChoice Wholesale Investments part 2 - Colonial First State
FirstChoice Wholesale Investments part 2 - Colonial First State
FirstChoice Wholesale Investments part 2 - Colonial First State
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COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS<br />
Review of Operations (continued)<br />
DIRECTORS' REPORT<br />
FOR THE REPORTING PERIOD ENDED 30 JUNE 2013<br />
Distribution to unitholders (continued)<br />
Period Period<br />
ended ended<br />
30/06/2013 30/06/2012<br />
Name of Fund $'000 $'000<br />
Perpetual <strong>Wholesale</strong> Balanced Growth 14,015 13,951<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Diversified Fixed Interest 147,561 92,803<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Global Credit Income 193,185 230,301<br />
Acadian <strong>Wholesale</strong> Quant Yield 4,032 3,392<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Enhanced Yield 20,909 20,504<br />
Goldman Sachs <strong>Wholesale</strong> Income Plus 12,373 17,667<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Multi-Index Balanced 69,095 26,131<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Cash 155,405 314,266<br />
Details of the income distributions for the reporting periods ended 30 June 2013 and 30 June 2012 are disclosed<br />
in the "Distributions to Unitholders" note to the financial statements.<br />
Exit Prices<br />
The exit price is the price at which unitholders realise an entitlement in a Fund and is calculated by deducting a<br />
predetermined cost of selling (commonly known as the "sell spread"), if applicable, from the net asset value per unit<br />
("NAV unit price") of a Fund. NAV unit price is calculated by taking the total fair value of all of a Fund's assets on a<br />
<strong>part</strong>icular day, adjusting for any liabilities and then dividing the net fund value by the total number of units held by<br />
unitholders on that day.<br />
The following unit prices represent the ex-distribution exit unit prices as at 30 June 2013, together with comparative<br />
unit prices as at 30 June 2012:<br />
Name of Fund 2013 2012<br />
$ $<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Moderate 0.9856 0.8849<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Fixed Interest 0.9992 1.0022<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Property Securities 0.5108 0.4207<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Global Property Securities 0.8744 0.7697<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Global Infrastructure Securities 1.1196 0.9422<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Australian Share 1.0701 0.9052<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Lower Volatility Australian Share 1.0942 0.9336<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Australian Small Companies 1.2836 1.2388<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Global Share 0.7398 0.5645<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Asian Share 1.0326 0.8504<br />
<strong><strong>First</strong>Choice</strong> <strong>Wholesale</strong> Emerging Markets 0.7407 0.6292<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Conservative 1.0840 1.0267<br />
Perpetual <strong>Wholesale</strong> Conservative Growth 1.0274 0.9647<br />
BT <strong>Wholesale</strong> Active Balanced 1.1410 0.9886<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Diversified 1.4028 1.2274<br />
Perpetual <strong>Wholesale</strong> Balanced Growth 0.9971 0.8567<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Diversified Fixed Interest 1.0103 1.0500<br />
<strong>Colonial</strong> <strong>First</strong> <strong>State</strong> <strong>Wholesale</strong> Global Credit Income 0.9831 0.9482<br />
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