| Fund: Smarter Money Fund - Institutional Class A |
| Strategy: Smarter Money/Short-Term Fixed-Interest |
| Return (since Feb. 2012): 4.42% pa gross (3.57% pa net) |
| Net return volatility (since Feb. 2012): 0.54% 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 2026-07-31 | Gross Return (Insto.) | Net Return (Insto.)† | RBA Cash Rate | Gross Excess Return‡ | Net Excess Return (Insto.)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.49% | 0.44% | 0.36% | 0.13% | 0.08% |
| 3 months | 1.45% | 1.29% | 1.08% | 0.37% | 0.22% |
| 6 months | 2.44% | 2.14% | 2.05% | 0.39% | 0.09% |
| 1 year | 5.21% | 4.55% | 3.88% | 1.33% | 0.67% |
| 3 years pa | 6.11% | 5.31% | 4.10% | 2.01% | 1.20% |
| 5 years pa | 4.64% | 3.90% | 3.12% | 1.51% | 0.78% |
| 10 years pa | 3.89% | 3.12% | 2.06% | 1.83% | 1.06% |
| Inception pa Feb. 2012 | 4.42% | 3.57% | 2.23% | 2.19% | 1.35% |
† 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.
* The yield displayed for the Fund is the annual running yield before fees. A fund’s running yield is a forward-looking measure of the income expected to be generated by the portfolio based on the coupons payable on the bonds held by the fund as at that date, before management fees, performance fees and fund expenses. The yield can change daily depending on factors, such as the fund's investment activity and market movements, and may be different on the day you invest. 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. The Fund has a different risk profile to the other comparisons. To understand the Fund’s risks better, please refer to the Product Disclosure Statement.
| Ratings: Superior - Relatively Simple (Foresight Analytics) |
