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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

NameCoolabah Short Term Income PIE Fund
SchemeCoolabah Investment Funds
Investment ObjectiveTargets returns of the RBNZ cash rate plus 1.5% to 3.0% pa after fees and before tax
Inception Date9-Dec-21
Inception Date Of Underlying Strategy8-Oct-14
ApplicationsDaily
Withdrawals Daily (T+4)
Distribution FrequencyQuarterly
Distribution MethodReinvestment or paid out
Fund HostFundRock NZ
Investment ManagerCoolabah Capital Investments (Retail)
Supervisor Public Trust
Fund AdministratorAdminis NZ
CustodianAdminis NZ

Pricing Information

NameCoolabah Short Term Income PIE Fund
Management Costs0.69% pa including GST
Performance Fee (%)22.5% of the fund's gross excess performance over the Benchmark, subject to a high water mark
BenchmarkBloomberg 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 Spread0.000%
Sell Spread*0.025%

Performance Reports

Contact Us

For any account or transaction related queries, please contact FundRock NZ.

FundRock NZ

For all investment related enquiries, please contact our customer service department:

Coolabah Capital Investments

Frequently Asked Questions

How do I invest in the Coolabah Investments Funds?

To invest via your financial adviser – The Coolabah Short Term Income PIE Fund is available on the FNZ and Apex platforms. Speak with your financial adviser about gaining access.
 
To invest directly with the Fund Administrator – Complete the application form and contact FundRock NZ by emailing contact@fundrock.com or calling + 64 4 4999 654.

How do I make an additional investment in the Coolabah Investments Funds?

To invest via your financial adviser – Speak with your financial adviser about making an additional investment. The Coolabah Short Term Income PIE Fund is available on the FNZ and Apex platforms.
 
To invest directly with the Fund Administrator – Complete the additional investment form and contact FundRock NZ by emailing contact@fundrock.com or calling + 64 4 4999 654.

How do I withdraw my investment from the Fund?

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.

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