| 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 2025-04-30 | Gross Return (Assist.) | Net Return (Assist.)† | RBA Cash Rate | Gross Excess Return‡ | Net Excess Return (Assist.)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.06% | 0.00% | 0.33% | -0.27% | -0.33% |
| 3 months | 0.73% | 0.55% | 0.99% | -0.27% | -0.44% |
| 6 months | 2.25% | 1.87% | 2.08% | 0.16% | -0.21% |
| 1 year | 5.74% | 4.92% | 4.29% | 1.46% | 0.63% |
| 3 years pa | 5.45% | 4.54% | 3.59% | 1.87% | 0.95% |
| 5 years pa | 4.21% | 3.27% | 2.16% | 2.05% | 1.11% |
| 10 years pa | 3.99% | 3.02% | 1.82% | 2.17% | 1.20% |
| Inception pa Oct. 2014 | 4.07% | 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.
| Av. Interest Rate (Gross Running Yield) | 5.11% | Ratings: Recommended (Lonsec); Superior - Relatively Simple (Foresight Analytics) |
