| Fund: Coolabah Short Term Income PIE Fund |
| Strategy: Short-Term Fixed-Interest |
| Return (since Dec. 2021): 4.51% pa net |
| Net return volatility (since Dec. 2021): 0.84% pa |
Objective: The Fund targets investment returns, after fees and before taxes, of 1.5% to 3.0% per annum above the overnight interbank cash rate as published by the Reserve Bank of New Zealand, over a rolling 12 month period.
Strategy: The Fund provides exposure to a zero-duration, short-term fixed-income strategy focused on exploiting mispricings in Australian and global credit markets. It achieves this by holding units in the Coolabah Short Term Income Fund (STIN) fully hedged to New Zealand dollars. STIN actively invests in a portfolio of cash securities, bonds and hybrids with a near-zero interest rate duration risk and a target dollar-weighted average credit rating in the “A” band. STIN does not invest in fixed-rate bonds (unless interest rate risk is hedged out). STIN is not permitted to use leverage.
| Period Ending 2026-04-30 | Net Return† | RBNZ Overnight Cash Rate | Net Excess Return‡ |
|---|---|---|---|
| 1 month | 0.36% | 0.18% | 0.18% |
| 3 months | 0.47% | 0.55% | -0.08% |
| 6 months | 1.26% | 1.13% | 0.13% |
| 1 year | 3.88% | 2.71% | 1.17% |
| 3 years pa | 5.77% | 4.31% | 1.46% |
| Inception pa Dec. 2021 | 4.51% | 3.80% | 0.71% |
| Underlying STIN Strategy* | |||
| 5 years pa | 3.93% | 3.37% | 0.56% |
| 10 years pa | 3.67% | 2.35% | 1.32% |
| Inception pa Oct. 2014 | 3.70% | 2.45% | 1.25% |
* The underlying strategy is an Australian unit trust. The returns displayed are estimated in NZD based on the actual AUD returns with 1 month forward contracts. † Net returns are calculated from the historic gross returns using the current fee structure as displayed in the PDS. ‡ The Excess Return columns represent the gross and net return above the AusBond Bank Bills Index hedged to NZD. # The yields shown are estimates based on the yield of the underlying strategy hedged to New Zealand Dollar (NZD) using the NZD Bank Bill 3 Month Index (NDBB3M) and the AUD Bank Bill 3 Month Index (BBSW3M).
| Av. Interest Rate (Gross Running Yield) | 3.57% | Underlying Strategy Ratings: Recommended (Lonsec); Superior - Relatively Simple (Foresight Analytics) |
