| Fund: Smarter Money Fund - Institutional Class A |
| Strategy: Smarter Money/Short-Term Fixed-Interest |
| Return (since Feb. 2012): 4.40% pa gross (3.56% pa net) |
| Net return volatility (since Feb. 2012): 0.55% 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 2026-05-31 | Gross Return (Insto.) | Net Return (Insto.)† | RBA Cash Rate | Gross Excess Return‡ | Net Excess Return (Insto.)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.48% | 0.43% | 0.34% | 0.14% | 0.09% |
| 3 months | 1.25% | 1.08% | 1.01% | 0.24% | 0.07% |
| 6 months | 2.46% | 2.13% | 1.92% | 0.54% | 0.21% |
| 1 year | 5.34% | 4.63% | 3.78% | 1.56% | 0.85% |
| 3 years pa | 6.38% | 5.51% | 4.09% | 2.30% | 1.42% |
| 5 years pa | 4.41% | 3.68% | 2.98% | 1.43% | 0.70% |
| 10 years pa | 3.88% | 3.10% | 2.02% | 1.86% | 1.09% |
| Inception pa Feb. 2012 | 4.40% | 3.56% | 2.20% | 2.20% | 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.
| Ratings: Superior - Relatively Simple (Foresight Analytics) |
