| Fund: Smarter Money Fund - Base Fee Class |
| Strategy: Smarter Money/Short-Term Fixed-Interest |
| Return (since Feb. 2012): 4.31% pa gross (3.49% 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 2025-03-31 | Gross Return (Base) | Net Return (Base)† | RBA Cash Rate | Gross Excess Return‡ | Net Excess Return (Assist.)†‡ |
|---|---|---|---|---|---|
| 1 month | 0.16% | 0.09% | 0.34% | -0.19% | -0.25% |
| 3 months | 1.15% | 0.95% | 1.03% | 0.12% | -0.07% |
| 6 months | 2.97% | 2.57% | 2.11% | 0.86% | 0.46% |
| 1 year | 6.41% | 5.58% | 4.33% | 2.08% | 1.24% |
| 3 years pa | 5.36% | 4.54% | 3.47% | 1.89% | 1.06% |
| 5 years pa | 4.26% | 3.45% | 2.10% | 2.17% | 1.35% |
| 10 years pa | 3.68% | 2.86% | 1.81% | 1.87% | 1.06% |
| Inception pa Feb. 2012 | 4.31% | 3.49% | 2.06% | 2.25% | 1.43% |
† 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) |
