| Fund: Smarter Money Fund - Assisted Investor Class |
| Strategy: Smarter Money/Short-Term Fixed-Interest |
| Return (since Feb. 2012): 4.36% pa gross (3.45% pa net) |
| Net return volatility (since Feb. 2012): 0.56% pa |
Objective: An independently-rated/recommended strategy targeting low-risk cash and fixed-income returns that exceed the RBA’s cash rate by 1%-2% pa after fees, over rolling 12 month periods.
Strategy: We actively invest in a diversified portfolio of Australian deposits and investment grade floating-rate notes with a weighted-average “A” credit rating. We do not invest in fixed-rate bonds (unless interest rate risk is hedged), sub-investment grade bonds, direct loans, equities, capital notes, preference shares (eg, hybrids), use leverage, or take currency risk. We add value via active asset-selection using a range of valuation models with the aim of (1) delivering lower portfolio volatility than traditional bond funds and (2) providing superior risk-adjusted returns, or alpha, without explicitly seeking interest rate risk, credit risk or liquidity risk. The strategy is managed by Coolabah Capital Investments, which is a specialist active credit manager.
| Period Ending 2025-10-31 | Gross Return (Assist.) | Net Return (Assist.)† | RBA Cash Rate | Gross Excess Return‡ | Net Excess Return (Assist.)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.38% | 0.33% | 0.30% | 0.08% | 0.03% |
| 3 months | 1.35% | 1.16% | 0.90% | 0.45% | 0.26% |
| 6 months | 3.29% | 2.82% | 1.88% | 1.41% | 0.94% |
| 1 year | 5.61% | 4.74% | 4.00% | 1.61% | 0.74% |
| 3 years pa | 6.72% | 5.74% | 3.98% | 2.74% | 1.77% |
| 5 years pa | 4.15% | 3.28% | 2.53% | 1.62% | 0.75% |
| 10 years pa | 3.86% | 2.96% | 1.91% | 1.95% | 1.05% |
| Inception pa Feb. 2012 | 4.36% | 3.45% | 2.13% | 2.23% | 1.31% |
† Net returns are calculated from the historic gross returns using the current fee structure as displayed in the Product Disclosure Statement. ‡ The Excess Return columns represent the gross and net return above the RBA cash rate.
| Ratings: Recommended (Lonsec); Superior - Relatively Simple (Foresight Analytics) |
