Smarter Money Investments

Description

Smarter Money Fund - An active cash fund with an independently rated and recommended active cash or short-term fixed interest strategy launched in February 2012. The fund invests in a diversified portfolio of Australian deposits and Australian investment-grade, floating rate notes (mostly bank issued) and has a very low risk rating.

Smarter Money Higher Income - An active Australian bond fund with a short-term fixed interest strategy launched in October 2014. The fund invests in a diversified portfolio of Australian investment-grade, floating rate notes (mostly bank issued) and Australian deposits (it can also invest in Australian listed income securities) and has a low to medium risk rating.

Protected Equities Fund - The Fund invests in an individually selected portfolio of Australian investment trusts managed by some of Australia’s outstanding managers. The Fund provides investors with exposure to Australian listed equities via a number of specialist, actively managed strategies, together with some exposure to cash and Australian fixed-income.

Objective

Smarter Money Fund targets returns in excess of the RBA cash rate plus 1.0% to 2.0% per annum, after management and administration fees and ordinary expenses, over a rolling 12 month period. [1]

Smarter Money Higher Income targets returns in excess of the RBA cash rate plus 1.5% to 3.0% per annum, after management and administration fees and ordinary expenses, over a rolling 12 month period. [1]

Protected Equiteis Fund targets returns, after management fees and usual expenses, that outperform the rate of inflation by 5% - 8% p.a. over rolling five-year periods. [1]

Strategy

The funds utilise three key alpha generation strategies:

Active Bond Management, with minimal duration risk to exploit price inefficiencies in the Australian bond market using bottom-up fundamental valuation analysis and accessing risk-free arbitrage opportunities concurrently and relative value anomalies across Austraclear/ASX markets. We provide “liquidity” to counter-parties as post-GFC banks are constrained in “market-making” and “real money” managers can provide price-discovery/liquidity.

Active Cash Management accessing institutionally-negotiated deposit rates, using purchasing power/relationships to secure best rates and rotating capital to ADIs paying highest rates. We actively manage bank deposit terms/duration, making macro calls around the timing of RBA rate movements and around the shape of the yield curve.

Active Asset Allocation, which is inherently contrarian, index agnostic and absolute return focused. When credit is expensive we can invest significantly in cash and when credit is cheap, we can invest significantly in bonds. When risks are high, we can switch to cash.

Click here for the latest version of the Fund PDS and Information Booklet for the Smarter Money Fund.

Click here for the latest version of the Fund PDS and Information Booklet for the Smarter Money Higher Income (Assisted Investor Class).

Click here for the latest version of the Fund PDS and Information Booklet for the Smarter Money Higher Income (Direct Investor Class).

Click here for the latest version of the Fund PDS for the Protected Equities Fund.

Click here for the Annual Report for 30 June 2017 for the Protected Equities Fund.

Click here for the Annual Report for 30 June 2017 for the Smarter Money Fund.

Click here for the Annual Report for 30 June 2017 for the Smarter Money Higher Income.

Click here for the Annual Report for 30 June 2016 for the Smarter Money Fund.

Click here for the Annual Report for 30 June 2016 for the Smarter Money Higher Income.

Click here for the Annual Report for 30 June 2016 for the Protected Equities Fund.

Click here for the Half-Year Report for 31 December 2015 for the Smarter Money.

Click here for the Half-Year Report for 31 December 2015 for the Smarter Money Higher Income.


[1]The Investment Objective is expressed after the deduction of Management Costs (excluding the Performance Fee) and ordinary expenses, i.e. performance is measured relative to the fund’s benchmark after Management Costs (excluding the Performance Fee) and ordinary expenses are deducted. See the Fund PDS for details on fees and costs and details on taxation. The Investment Objective is not intended to be a forecast. It is only an indication of what the investment strategy aims to achieve over the medium to long term, assuming financial markets remain relatively stable during that time. The Fund may not achieve its Investment Objective. Returns are not guaranteed.