| Fund: Coolabah Active Composite Bond PIE Fund |
| Strategy: Composite Bond |
| Return (since Dec. 2023): 5.40% pa net |
| Net return volatility (since Dec. 2023): 3.78% pa |
Objective: The Fund targets returns in excess of the Bloomberg Ausbond Composite 0+ Yr Index (hedged to NZD) by 1.0% to 2.0% per annum over rolling 12 month periods.
Strategy: The Fund offers exposure to an actively managed fixed-income strategy focused on mispricings in Australian and global government and corporate bond markets with an interest rate duration risk broadly similar to that of the Index. The Fund currently invests in the Coolabah Active Composite Bond Fund (Underlying Fund), an Australian unit trust managed by Coolabah. The Fund targets a position of being fully hedged back to New Zealand dollars.
The Underlying Fund is permitted to invest in bonds, such as government and semi-government bonds, bank and corporate bonds, and asset-backed securities, including residential-mortgage-backed securities, issued in Australian Dollars or in G10 currencies hedged to Australian Dollars, as well as cash, cash equivalents and related derivatives. It can borrow, use derivatives and short-sell, meaning it may be geared (or leveraged). Leverage can amplify gains and also amplify losses.
| Period Ending 2026-06-30 | Net Return† | AusBond Comp Bond Index* | Net Excess Return‡ |
|---|---|---|---|
| 1 month | 0.96% | 0.81% | 0.15% |
| 3 months | 2.66% | 2.16% | 0.50% |
| 6 months | 1.91% | 1.52% | 0.38% |
| 1 year | 1.47% | 0.33% | 1.14% |
| Inception pa Dec. 2023 | 5.40% | 3.78% | 1.62% |
| Underlying Fund ^ | |||
| 3 years pa | 6.34% | 3.91% | 2.43% |
| 5 years pa | 2.20% | 0.58% | 1.62% |
| Inception pa Mar. 2017 | 3.72% | 2.20% | 1.52% |
^ The Underlying Fund (Coolabah Active Composite Bond Fund) 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 Composite Bond 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).
* The yield displayed for the Fund is the annual running yield before fees. A fund’s running yield is a forward-looking measure of the income expected to be generated by the portfolio based on the coupons payable on the bonds held by the fund as at that date, before management fees, performance fees and fund expenses. The yield can change daily depending on factors, such as the fund's investment activity and market movements, and may be different on the day you invest. 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. The Fund has a different risk profile to the other comparisons, including, amongst other things, that it uses leverage, which means that both gains and losses may be amplified. To understand the Fund’s risks better, please refer to the Product Disclosure Statement.
| Underlying Strategy Ratings: Superior - More Complex (Foresight); Recommended (Lonsec); Recommended (Zenith) |
