February 2025
Fund: Coolabah Floating-Rate High Yield Fund - Assisted Class
Strategy: Floating-Rate High Yield
Return (since Dec. 2022): 11.61% pa gross (10.50% pa net)
Net return volatility (since Dec. 2022): 1.36% pa

Objective: The Coolabah Floating-Rate High Yield Fund (Managed Fund) (FRHY) aims to provide investors with higher income than other traditional fixed income investments by investing in a portfolio of investment-grade Australian Floating-Rate Notes (FRNs) with enhanced yields.

Strategy: The Fund predominantly invests in a portfolio of cash securities and investment grade floating-rate, Australian bank-issued senior and tier 2 bonds. It also has the capacity to invest in government bonds and corporate bonds. In contrast to fixed-rate bonds, FRNs pay a variable-rate of interest that resets monthly or quarterly and moves up and down with changes in a recognised reference interest rate. In Australia, FRNs generally track the returns of the Reserve Bank of Australia’s (RBA’s) cash rate via a benchmark proxy called the quarterly Bank Bill Swap Rate (BBSW) plus an additional credit spread, or interest rate margin above BBSW. Unlike a fixed-rate bond, an FRN has very low interest rate risk given the interest paid by an FRN will be highly correlated with moves in the RBA cash rate. The Fund will borrow or use leverage to provide additional exposure to these assets. Leverage can amplify gains and also amplify losses. It cannot invest in hybrid securities, equities or property.

Period Ending 2025-02-28Gross ReturnNet ReturnBloomberg AusBond Credit FRN 0+ Yr IndexGross Excess Return‡Net Excess Return‡
1 month0.83%0.75%0.47%0.36%0.28%
3 months2.42%2.16%1.38%1.04%0.78%
6 months4.35%3.83%2.71%1.64%1.12%
1 year9.87%8.78%5.66%4.21%3.11%
Inception pa Dec. 202211.61%10.50%5.37%6.25%5.14%
Disclaimer: Past performance does not assure future returns. Returns are shown net of management fees and costs unless otherwise stated. All investments carry risks, including that the value of investments may vary, future returns may differ from past returns, and that your capital is not guaranteed. To understand Fund’s risks better, please refer to the Product Disclosure Statement available at Coolabah Capital Investments' website.
Note: all portfolio statistics other than yields and duration are reported on gross asset value
Av. Portfolio Credit Rating A+ Av. Interest Rate (Gross Running Yield) 7.39%
Portfolio MSCI ESG Rating A Modified Interest Rate Duration 0.40 years
No. Cash Accounts 13 Gearing Permitted? Yes
No. Notes and Bonds 85 Net Annual Volatility (since incep.) 1.36%
Ratings: Superior - Complex (Foresight Analytics); Investment Grade (Lonsec); Superior - 4.25 Stars (SQM); Recommended (Zenith)
Fund: Coolabah Floating-Rate High Yield Fund - Assisted Class
Return/Risk: 11.61% pa gross/10.50% pa net (1.36% pa volatility)