What is Colonial First State Imputation Fund?
To combine long-term capital growth with tax-effective income by targeting Australian growth companies with a high level of franked dividends.
What type of fund is Colonial First State?
Colonial First State (CFS), is an Australian wealth management group that provides investment, superannuation and retirement products to individuals and corporate and superannuation fund investors.
What type of trust is Colonial First State Investments Limited?
retail unit trust
The taxpayer, Colonial First State Investments Limited (Colonial), is the trustee and Responsible Entity of a retail unit trust (the Retail Fund).
What does distribution mean Colonial First State?
A distribution is profit earned by a fund and paid to investors, and may include income such as interest, dividends and realised capital gains. A distribution is expressed as a cents per unit amount.
What is Colonial First managed fund?
FirstChoice Wholesale Investments provides access to a wide range of managed funds across different asset classes such as shares, fixed interest, property and cash, all in the one place. For more information about the product please refer to the Product Disclosure Statement by clicking the icon below.
What is the best managed fund in Australia?
What is the best performing Australian large shares managed fund?
| Product Name | 1-Year Return | ICR (fee %) |
|---|---|---|
| Chester High Conviction Fund | 20.9 | 0.95 |
| Bennelong Australian Equities Fund | -4.4 | 1.00 |
| Macquarie Australian Shares Fund | 12.1 | 0.60 |
| Alphinity Sustainable Share Fund | 8.3 | 0.95 |
Is Colonial First State an SMSF?
SMSF. Our range of professionally managed funds are an effective way to diversify your SMSF investments.
Is Colonial First State owned by CBA?
1 December 2021: Colonial First State (CFS) is now a standalone business following the completion of the sale by CBA of a 55% stake to global investment firm KKR. The transaction strengthens CFS’s position as one of Australia’s leading retail superannuation and investments platforms.
How do distributions work in a managed fund?
A distribution is profit earned by a managed fund and paid to investors. Throughout the financial year, a managed fund will earn income from its investments. These could be in the form of dividends, interest and foreign income. The managed fund may also make gains or losses on investments sold.
Who owns Colonial First State investments?
KKR
CFS is majority owned by an affiliate of Kohlberg Kravis Roberts & Co. L.P. (KKR), with the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (CBA) holding a significant minority interest.
Does Commonwealth Bank own Colonial First State?
CBA today announced the sale of a 55 per cent interest in Colonial First State (CFS) to KKR has completed. Commonwealth Bank of Australia (CBA) today announced that the sale of a 55% interest in Colonial First State (CFS) to KKR has completed.
Do you pay tax on managed funds?
Managed funds do not generally pay tax because their income (including net capital gains) is distributed to investors annually. Investors pay tax on distributions at individual marginal tax rates.
Is Colonial First State an APRA fund?
APRA imposes new licence condition on Colonial First State Investments Limited | APRA.
Does Colonial First State Super have exit fees?
EXIT AND CONTRIBUTION FEES REMOVED we will no longer charge exit fees (previously up to 3% for members in nil entry fee options and nil for other entry fee options) from any amounts withdrawn from your account.
Why did CBA sell Colonial First State?
CBA Chief Executive Officer Matt Comyn said: “The sale completion represents an important milestone in CBA’s strategy to focus on its core banking businesses and to create a simpler and better bank.
What tax do I pay on managed funds?
How are investment funds taxed?
Short-term capital gains are gains from the sale of capital assets held for 12 months or less and are taxed at ordinary income tax rates. Long-term capital gains are gains from the sale of capital assets held for more than 12 months and are currently subject to a federal long-term capital gains tax rate of up to 20%.
What happened to Colonial Mutual funds?
On 30 September 2019, Colonial Mutual Superannuation Pty Limited (CMS), retired as Trustee and was replaced by Equity Trustees Superannuation Limited (ETSL) (ABN 50 055 641 757 AFSL No. 229757 RSE Licence L0001458) effective from 1 October 2019.