Higher Income Strategy

Smarter Money Higher Income Fund

Cash Plus

About

The Smarter Money Higher Income strategy (SMHI) is a zero duration, short-term fixed-interest investment solution that targets returns that outperform the Reserve Bank of Australia’s cash rate by 1.5% – 3.0% per annum after all fees, over rolling 12 month periods. SMHI primarily invests in a portfolio of Australian deposits and Australian investment-grade bonds (mainly issued by banks) issued by banks and companies. It is a cash plus strategy with a slightly higher return target than the Smarter Money (Active Cash) Fund. SMHI offers daily redemption rights.

Returns

SMHI was publicly launched in September 2014 and has outperformed its benchmark, which is the RBA cash rate plus 1.5% per annum after fees, the AusBond Floating-Rate Note Index, which is a portfolio of investment-grade, Australian-issued floating-rate notes, and its FE Analytics Cash Enhanced peers since inception.

Ratings

SMHI has been independently reviewed and rated by several research houses, including FE Analytics, Mercer, Lonsec, Atchison Consultants and Australia Ratings. Please contact us to obtain copies of the available ratings reports. These ratings are only one factor to be taken into account when deciding whether to invest.

Investments

SMHI actively invests in a portfolio of Australian cash securities and investment-grade floating-rate notes with a target dollar-weighted average credit rating in the “A” band. SMHI does not invest in fixed-rate bonds (unless interest rate risk is swapped out) or equities. SMHI’s portfolio managers add value through active asset-selection with materially lower volatility and interest rate duration risk than traditional fixed interest funds.

Risks

SMHI is not a bank deposit. It is a managed investment scheme registered and regulated by the Australian Securities and Investments Commission (ASIC). All investments carry risks, including that the value of investments may vary, future returns may differ from past returns, and that your capital is not guaranteed. To understand SMHI’s risks better, please refer to the PDS.

Overview

Strategy: Cash Enhanced
APIR: SLT0052AU
ARSN: 601 093 845
mFund: SMF02

Inception Date: 14 Aug 2014
Target Returns: 1.5% to 3.0% over RBA Cash Rate net of fees

Responsible Entity: Equity Trustees
Registry: Mainstream Fund Services
Custodian: BNP Paribas

Applications: Daily
Withdrawals: Daily (T+3)
Distributions: Quarterly
Minimum Investment: $1,000
Additional Investment: $1,000
Savings Plan: Monthly
Savings Plan Minimum: $100
Buy/Sell Spread: 0.00%/0.10%

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Ratings

Quantitative

Qualitative

Smarter Money Fund: Superior | Australia Ratings
Smarter Money Fund: Superior | Atchison Consultants

Smarter Money Higher Income Fund

Cash Plus

Smarter Money Higher Income is a low duration, short-term fixed-interest investment solution that targets returns that outperform the Reserve Bank of Australia’s cash rate by 1.5% – 3.0% per annum after all fees, over rolling 12 month periods. Smarter Money Higher Income invests in a portfolio of Australian deposits, Australian investment-grade bonds (mainly issued by banks) and hybrids issued by banks and companies.

SMHI was publicly launched in September 2014 and has outperformed its benchmark, which is the RBA cash rate plus 1.5% per annum after fees, the AusBond Floating-Rate Note Index, and most alternatives since inception.

SMHI has been independently reviewed and rated by several research houses, including Financial Express, Lonsec, Atchison Consultants and Australia Ratings. Please contact us to obtain copies of the available ratings reports. These ratings are only one factor to be taken into account when deciding whether to invest.

SMHI actively invest in a portfolio of Australian bank deposits, floating-rate notes and hybrids with a target dollar-weighted average credit rating in the “A” band. SMHI does not invest in fixed-rate bonds (unless interest rate risk is swapped out), equities or overseas bonds. SMHI’s portfolio managers add value through active asset-selection with materially lower volatility and interest rate duration risk than traditional fixed interest funds.

SMHI is not a bank deposit. It is a managed investment scheme registered and regulated by the Australian Securities and Investments Commission (ASIC). All investments carry risks, including that the value of investments may vary, future returns may differ from past returns, and that your capital is not guaranteed. To understand SMHI’s risks better, please refer to the PDS.

Overview

Strategy: Fixed Income
APIR: SLT0052AU
ARSN: 601 093 845
mFund: SMF02

Inception Date: 14 Aug 2014
Target Returns: 1.5% to 3.0% over RBA Cash Rate net of fees

Responsible Entity: Equity Trustees
Registry: Mainstream Fund Services
Custodian: BNP Paribas

Applications: Daily
Withdrawals: Daily (T+3)
Distributions: Quarterly
Minimum Investment: $1,000
Additional Investment: $1,000
Savings Plan: Monthly
Savings Plan Minimum: $100
Buy/Sell Spread: 0.00%/0.10%

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