Global Floating-Rate High Yield PIE
Coolabah Global Floating-Rate High Yield PIE Fund
INVESTMENT GRADE, HIGH YIELDING, SHORT DURATION STRATEGY
Overview
The Coolabah Global Floating-Rate High Yield PIE Fund focuses on generating higher income than other traditional fixed income investments by investing in a floating-rate portfolio of investment-grade bonds and hybrid securities issued predominately by global banks and insurers and enhancing the yields (or interest-rate) through the use of gearing (or leverage).
The Fund invests in a portfolio of investment grade senior and Tier 2 bonds and cash securities issued in G10 currencies by bank and insurers. It has the capacity to invest in government bonds, corporate bonds and hybrid securities.
The Fund targets an interest rate duration exposure of less than 3 months by investing primarily in short-term deposits and floating-rate debt securities, also known as ‘Floating-Rate Notes’ (“FRNs”) or ‘Floating-Rate Bonds’. FRNS are a type of bond that pay an interest (or coupon) rate which moves up and down with changes in a recognised reference interest rate. The interest (or coupon) rate is the sum of the reference rate and a spread or margin. In Australia, they generally track the returns of the RBA’s cash rate plus a spread or margin and generally have a low or near-zero interest rate risk.
The Fund may also invest in fixed-rate bonds with maturities greater than 12 months provided the interest rate is hedged to floating.
Coolabah applies bottom-up and top-down fundamental analysis of both issuers of the securities and the credit quality and structural features of the securities themselves to build a portfolio of global cash and debt investments that offer attractive yields whilst minimising the risk of capital loss.
Key Facts
| Name | Coolabah Global Floating-Rate High Yield PIE Fund |
|---|---|
| Scheme | Coolabah Investment Funds |
| Investment Objective | The Fund provides exposure to a global floating-rate portfolio of investment-grade bonds and hybrid securities with enhanced yields. |
| Inception Date | 6-Dec-2023 |
| Inception Date Of Underlying Strategy | 17-Feb-2025 |
| Applications | Daily |
| Withdrawals | Daily (T+4) |
| Distribution Frequency | Quarterly |
| Distribution Method | Reinvestment or paid out |
| Fund Host | FundRock NZ |
| Investment Manager | Coolabah Capital Investments (Retail) |
| Supervisor | Public Trust |
| Fund Administrator | Apex NZ |
| Custodian | BNP Paribas |
Pricing Information
| Name | Coolabah Global Floating-Rate High Yield PIE Fund |
| Management Costs | 1.00% pa including GST |
| Performance Fee (%) | Not applicable |
| Benchmark | Bloomberg AusBond Credit FRN 0+ Yr Index (BAFRN0) pa hedged to NZD |
| Currency | NZD |
| Minimum Investment | $1,000 NZD |
| Additional Investment | $1,000 NZD |
| Minimum Balance | $1,000 NZD |
| Buy Spread | 0.000% |
| Sell Spread* | 0.050% |
Distributions
Distribution Per Unit ($)
| Quarter Ending | Floating-Rate High Yield PIE |
|---|---|
| 15-Mar-26 | 0.014 |
| 15-Jan-26 | 0.014 |
| 15-Oct-25 | 0.014 |
| 15-Jul-25 | 0.014 |
| 15-Apr-25 | 0.018 |
| 15-Jan-25 | 0.021 |
| 15-Oct-24 | 0.023 |
| 27-Jun-24 | 0.022 |
| 28-Mar-24 | 0.021 |
Contact Us
For any account or transaction related queries, please contact FundRock NZ.
FundRock NZ
- Phone: +64 4999 654
- Email: contact@fundrock.com
- Address: PO Box 25003, Wellington 6140, New Zealand
For all investment related enquiries, please contact our customer service department:
Coolabah Capital Investments
- Phone: +61 (0) 2 8315 3472
- Email: info@coolabahcapital.com
- Address: Level 3, 1 Bligh Street, Sydney, NSW Australia 2000
Frequently Asked Questions
Complete a withdrawal form and submit it to FundRock NZ by emailing contact@fundrock.co.nz or calling + 64 4 4999 654. Further instructions are on the form.
If you have invested through a financial adviser or platform, you will need to submit your instruction with their assistance.
*Buy/sell spreads are indicative only. For the most up to date buy/sell spreads see www.fundrock.com. Buy/sell spreads belong to the Funds and are not a fee paid to FundRock NZ or to the investment manager, see page 9 of the PDS for further details.
Disclaimer: Past performance is not indicative of future performance. Returns are shown after all fund fees, unless otherwise stated.
Public Trust is the Supervisor and FundRock NZ Limited (FundRock) is the issuer and manager of the Coolabah Investment Funds (Scheme), including the Coolabah Short Term Income PIE Fund, the Coolabah Global Floating-Rate High Yield PIE Fund, the Coolabah Long-Short Credit PIE Fund and the Coolabah Active Composite Bond PIE Fund. Coolabah Capital Investments (Retail) Pty Ltd ACN 153 555 867 is the Investment Manager.
This has been prepared by Coolabah Capital Investments (Retail) Pty Ltd ACN 153 555 867 (Coolabah), an authorised representative (#000414337) of Coolabah Capital Institutional Investments Pty Ltd ABN 85 605 806 059 AFSL 482238, to provide you with general information only. In preparing this publication, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Investors are encouraged to seek independent financial advice. The Product Disclosure Statement (PDS) for the Fund should be considered before deciding whether to acquire or hold units in it. A PDS for the Fund can be obtained by visiting www.coolabahcapital.com. Neither Coolabah, FundRock, Public Trust nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. The Fund is subject to investment risks, which could include delays in repayment and/or loss of income and capital invested.
- THE FUNDS
- Performance
- ETFs
- Coolabah Short Term Income Active ETF (CBOE: FRNS)
- Coolabah Global Floating-Rate High Yield Complex ETF (CBOE: YLDX)
- Coolabah Global Carbon Leaders Complex ETF (CBOE: CBNX)
- Coolabah Active Composite Bond Complex ETF (CBOE: FIXD)
- Betashares Australian Hybrids Active Fund (ASX: HBRD)
- MANAGED FUNDS
- Smarter Money Fund
- Coolabah Short Term Income Fund
- Coolabah Floating-Rate High Yield Fund
- Coolabah Global Floating-Rate High Yield Fund
- Coolabah Global Carbon Leaders Fund
- Smarter Money Long-Short Credit Fund
- Coolabah Long-Short Opportunities Fund
- Coolabah Active Composite Bond Complex ETF
- Coolabah Active Global Bond Fund
- Coolabah Active Sovereign Bond Strategy
- USD Strategies