| Fund: Coolabah Short Term Income Fund - USD Investor Class |
| Strategy: Short-Term Fixed-Interest |
| Return (since Oct. 2014): 4.24% pa gross (3.39% 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 midpoint of the US Fed Funds Target Range plus 1.5% to 3.0% p.a. over rolling 12 month periods after Management Fees, Administration Fees and Performance Fees, denominated in USD.
Strategy: The USD Investor Class has exposure to an Underlying Pool (the Fund) which invests in an actively managed 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. The Fund returns are hedged to USD.
| Period Ending 2025-10-31 | Gross Return (USD) | Net Return (USD)† | US Fed Fund Target Midpoint | Gross Excess Return (USD)‡ | Net Excess Return (USD)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.46% | 0.41% | 0.34% | 0.12% | 0.07% |
| 3 months | 1.61% | 1.45% | 1.05% | 0.56% | 0.40% |
| 6 months | 3.68% | 3.26% | 2.15% | 1.53% | 1.11% |
| 1 year | 5.97% | 5.24% | 4.38% | 1.59% | 0.86% |
| 3 years pa | 7.40% | 6.56% | 4.85% | 2.55% | 1.72% |
| 5 years pa | 4.99% | 4.23% | 3.13% | 1.86% | 1.10% |
| 10 years pa | 4.56% | 3.69% | 2.13% | 2.43% | 1.55% |
| Inception pa Oct. 2014 | 4.24% | 3.39% | 1.94% | 2.30% | 1.45% |
† Net returns are calculated from the historic gross returns using the current fee structure as displayed in the Product Disclosure Statement. *USD gross returns are estimated from AUD gross returns using 1 month forward contracts. ‡ The Excess Return columns represent the gross and net return above the midpoint of the US Federal Funds Target Range.
| Av. Interest Rate (Gross Running Yield) | 4.95% |
