Short Term Income PIE
Coolabah Short Term Income PIE Fund
Targets RBNZ Cash Plus 1.5% to 3.0% pa After Fees and Before Taxes
The Coolabah Short Term Income PIE Fund is a zero duration, short-term fixed-interest investment solution that targets returns that outperform the RBNZ cash rate by 1.5% – 3.0% per annum after all fees and before tax, over rolling 12 month periods.
This strategy gains exposure to an actively managed portfolio of Australian cash securities and investment-grade floating-rate notes with a target dollar-weighted average credit rating in the “A” band hedged to NZ dollars. It does not invest in fixed-rate bonds (unless interest rate risk is swapped out) or equities.
The portfolio managers add value through active asset-selection with materially lower volatility and interest rate duration risk than traditional fixed interest funds.
The Coolabah Short Term Income PIE Fund is a portfolio investment entities (PIE). This is a New Zealand managed fund that offers investors special tax rules that apply to the income earned by the Fund. The PIE rules mean that investors pay tax on their own tax rate (the Prescribed Investor Rate or PIR), which is usually slightly lower than their income tax rate. Refer to the Product Disclosure Statement for more information.
Key Facts
| Name | Coolabah Short Term Income PIE Fund |
|---|---|
| Scheme | Coolabah Investment Funds |
| Investment Objective | Targets returns of the RBNZ cash rate plus 1.5% to 3.0% pa after fees and before tax |
| Inception Date | 9-Dec-2021 |
| Inception Date Of Underlying Strategy | 8-Oct-2014 |
| 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 | Adminis NZ |
| Custodian | Adminis NZ |
Pricing Information
| Name | Coolabah Short Term Income PIE Fund |
| Management Costs | 0.69% pa including GST |
| Performance Fee (%) | 22.5% of the fund's gross excess performance over the Benchmark, subject to a high water mark |
| Benchmark | Bloomberg AusBond Bank Bill Index (BAUBIL) hedged to NZD plus 1.89% pa |
| Currency | NZD |
| Minimum Investment | $1,000 NZD |
| Additional Investment | $1,000 NZD |
| Minimum Balance | $1,000 NZD |
| Buy Spread | 0.000% |
| Sell Spread* | 0.025% |
Distributions
Distribution Per Unit ($)
| Quarter Ending | Short Term Income PIE |
|---|---|
| 15-Oct-24 | 0.014 |
| 27-Jun-24 | 0.016 |
| 28-Mar-24 | 0.0145 |
| 29-Dec-23 | 0.012 |
| 29-Sep-23 | 0.01 |
| 30-Jun-23 | 0.0115 |
| 31-Mar-23 | 0.009 |
| 31-Dec-22 | 0.0065 |
| 30-Sep-22 | 0.005 |
| 30-Jun-22 | 0.0022 |
| 31-Mar-22 | 0.0022 |
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 the Implemented Investment Solutions by emailing contact@fundrock.com 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 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.
AUSTRALIA
SYDNEY
Level 3, 1 Bligh Street, Sydney NSW 2000
MELBOURNE
Level 38, South Tower, 80 Collins Street, Melbourne VIC 3000
UNITED KINGDOM
LONDON
Second Floor, 28 Austin Friars, London EC2N 2QQ
NEW ZEALAND
AUCKLAND
Level 17, 1 Albert Street
Auckland CBD, Auckland 1010