USD Strategies

Smarter Money Investments

CCI offers Australian based investors with US dollars access to the Australian fixed income market through a Smarter Money and Long-Short Strategy. These solutions target returns between 1.5% and 3% and 4% and 6% above the US Federal Funds Target Range.

SMARTER MONEY Higher Income FUND

USD Cash Plus 1.5 to 3.0% pa

The Smarter Money Higher Income USD strategy is a zero duration, short-term fixed-interest investment solution that targets returns that outperform the US Federal Funds Target Range by 1.5% – 3.0% per annum after all fees, 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 US 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.

Overview

Strategy: Cash Enhanced
APIR: ETL3997AU
ARSN: 601 093 845

Target Returns: 1.5% to 3.0% over US Federal Funds Target Range net of fees

Applications: Daily
Withdrawals: Daily (T+5)
Distributions: Quarterly
Minimum Investment: $1,000 USD
Additional Investment: $1,000 USD
Buy/Sell Spread*: 0.00%/0.10%

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SMARTER MONEY LONG-SHORT Credit FUND

USD UNCONSTRAINED

The Smarter Money Long-Short Credit USD strategy provides investors with US dollars exposure to an absolute return fixed-income strategy focused on exploiting long and short mispricings in credit markets.

The USD strategy targets returns above the US Federal Funds Target Range plus 4% to 6% pa over rolling 3 year periods after Management Fees, Administration Fees and Performance Fees. It targets volatility of less than 5% pa and since inception has delivered realised volatility of less than 2% pa.

This strategy offers investor exposure primarily to senior and subordinated bonds, hybrids and derivatives, hedged to US dollars. The Smarter Money Long-Short Credit Fund targets holding the majority of its portfolio in investment-grade quality debt securities.

The strategy aims to generate high absolute returns that have low-to-no correlation with equities, fixed-rate bonds and property markets, from relatively low risk and liquid investments identified through the portfolio managers’ proven active asset-selection process. The strategy aims to reliably distribute strong quarterly income.

The portfolio managers seek to generate these returns by taking “long” or “short” positions in relation to assets which they consider are trading below or above fair value. The goal is to generate significant risk-adjusted returns, or “alpha”. The ability to go long or short, either directly or through using derivatives, means it can profit from bond price rises and price falls. Going long or short can also result in the strategy being leveraged.

Performance

Overview

Strategy: Unconstrained Fixed Income; Defensive Alternatives
APIR: ETL7843AU
ARSN: 617 838 543

Target Returns: 4.0% to 6.0% over US Federal Funds Target Range net of fees

Applications: Daily
Withdrawals: Daily (T+5)
Distributions: Quarterly
Minimum Investment: $1,000 USD
Additional Investment: $1,000 USD
Buy/Sell Spread*: 0.00%/0.10%

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*The Buy Sell Spread may change depending on the transaction costs associated with buying and selling the assets within the Fund’s portfolio at that time. Any changes to the spreads after the date of the PDS will be published here.