| Fund: Smarter Money Fund - Base Fee Class |
| Strategy: Smarter Money/Short-Term Fixed-Interest |
| Return (since Feb. 2012): 4.37% pa gross (3.55% pa net) |
| Net return volatility (since Feb. 2012): 0.59% 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 2026-03-31 | Gross Return (Base) | Net Return (Base)† | RBA Cash Rate | Gross Excess Return‡ | Net Excess Return (Assist.)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.19% | 0.12% | 0.34% | -0.15% | -0.23% |
| 3 months | 0.95% | 0.74% | 0.92% | 0.02% | -0.18% |
| 6 months | 2.09% | 1.68% | 1.83% | 0.27% | -0.14% |
| 1 year | 5.14% | 4.31% | 3.77% | 1.37% | 0.54% |
| 3 years pa | 6.37% | 5.53% | 4.06% | 2.31% | 1.48% |
| 5 years pa | 4.25% | 3.43% | 2.84% | 1.42% | 0.60% |
| 10 years pa | 3.94% | 3.12% | 1.98% | 1.96% | 1.14% |
| Inception pa Feb. 2012 | 4.37% | 3.55% | 2.18% | 2.19% | 1.37% |
† 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: Recommended (Zenith); Superior - Relatively Simple (Foresight Analytics) |
