April 2025
Fund: Coolabah Short Term Income Fund - Assisted Investor Class
Strategy: Short-Term Fixed-Interest
Return (since Oct. 2014): 4.07% pa gross (3.10% pa net)
Net return volatility (since Oct. 2014): 0.81% pa

Objective: An independently-rated/recommended strategy targeting low-risk cash and fixed-income returns that exceed the RBA’s cash rate by 1.5%-3.0% pa after fees, over rolling 12 month periods.

Strategy: We actively invest in a diversified portfolio of Australian deposits, investment grade floating-rate notes and hybrid securities with a weighted-average “A” credit rating. We do not invest in fixed-rate bonds (unless interest rate risk is hedged), direct loans, 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 2025-04-30Gross Return (Assist.)Net Return (Assist.)RBA Cash RateGross Excess ReturnNet Excess Return (Assist.)
1 month0.06%0.00%0.33%-0.27%-0.33%
3 months0.73%0.55%0.99%-0.27%-0.44%
6 months2.25%1.87%2.08%0.16%-0.21%
1 year5.74%4.92%4.29%1.46%0.63%
3 years pa5.45%4.54%3.59%1.87%0.95%
5 years pa4.21%3.27%2.16%2.05%1.11%
10 years pa3.99%3.02%1.82%2.17%1.20%
Inception pa Oct. 20144.07%3.10%1.85%2.22%1.25%

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.

Disclaimer: Past performance does not assure future returns. Returns are shown net of management fees and costs unless otherwise stated. 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 Fund’s risks better, please refer to the Product Disclosure Statement available at Coolabah Capital Investments' website.
Net Monthly Returns > RBA Overnight Cash Rate 78% Modified Interest Rate Duration < 0.1 years
Portfolio Weight to Cash Accounts 2.5% Gearing Permitted? No
Portfolio Weight to Bonds 97.9% 1 Year Av. Portfolio Weight to Cash 3.2%
Av. Portfolio Credit Rating A+ Portfolio Weight to AT1 Hybrids 0.0%
Portfolio MSCI ESG Rating AA Cash Accounts + RBA Repo-Eligible Debt 56.3%
No. Cash Accounts 12 Net Annual Volatility (since incep.) 0.81%
No. Notes and Bonds 190 Net Sharpe Ratio (since incep.) 1.55x
Av. Interest Rate (Gross Running Yield) 5.11% Ratings: Recommended (Lonsec); Superior - Relatively Simple (Foresight Analytics)
Fund: Coolabah Short Term Income Fund - Assisted Investor Class
Return/Risk: 4.07% pa gross/3.10% pa net (0.81% pa volatility)