| Fund: Coolabah Short Term Income Fund - Direct Investor Class |
| Strategy: Short-Term Fixed-Interest |
| Return (since Oct. 2014): 4.23% pa gross (3.40% pa net) |
| Net return volatility (since Oct. 2014): 0.78% 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 and Global 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 2026-02-28 | Gross Return (Direct) | Net Return (Direct)† | RBA Cash Rate | Gross Excess Return‡ | Net Excess Return (Direct)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.22% | 0.18% | 0.29% | -0.07% | -0.11% |
| 3 months | 1.23% | 1.08% | 0.90% | 0.33% | 0.17% |
| 6 months | 2.46% | 2.15% | 1.80% | 0.67% | 0.36% |
| 1 year | 5.21% | 4.48% | 3.77% | 1.45% | 0.71% |
| 3 years pa | 6.38% | 5.56% | 4.05% | 2.33% | 1.51% |
| 5 years pa | 4.31% | 3.58% | 2.77% | 1.54% | 0.81% |
| 10 years pa | 4.38% | 3.54% | 1.96% | 2.42% | 1.57% |
| Inception pa Oct. 2014 | 4.23% | 3.40% | 1.99% | 2.25% | 1.41% |
† 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) | 4.76% | Ratings: Superior - Relatively Simple (Foresight Analytics) |
