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  5. Coolabah Short-term Income Assisted Investment - Managed fund profile

Coolabah Short-term Income Assisted Investment - Managed Fund

Fund Objective
The Smarter Money Higher Income Fund 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.
Fund Strategy
The Fund is actively managed by the Investment Manager and aims to take advantage of investment opportunities, and assets which are considered mispriced, within the Australian cash, fixed-income and listed hybrid (including bonds and preference shares with equity conversion features) markets. The fund targets to hold 30 to 60 debt/hybrid securities, and cash investments as appropriate, although the actual number of assets may vary from this target.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.26% 1.37% 2.72% 6.03% 6.08% 3.89% 2.99% 3.06%
Growth return 0.26% -0.05% -0.29% 0.22% 1.21% 0.3% -0.06% -0.08%
Income return 0% 1.42% 3.01% 5.81% 4.87% 3.59% 3.05% 3.14%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 1.14% -0.46% 3.02% 5.16% 2.65% -0.93% -0.61% 2.09%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Coolabah Short-term Income Assisted Investment
Cash
1.69%
Fixed Interest
98.31%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.37%
Fixed Interest
92.67%
Australian Equities
1.31%
International Equities
0.54%
Property
0.06%
Alternatives
0.04%

General Information

Fund Details
Type Description
Coolabah Short-term Income Assisted Investment
Equity Trustees Ltd
SLT0052AU
Unconstrained Fixed Income
starstarstar (as at 30 Nov 2024)
Investment Fund
14 Aug 2014
$451.52 million (as at 31 Oct 2024)
$1 (as at 20 Dec 2024)
$0.9998 (as at 20 Dec 2024)
Open
Offer information
Type Description
MER 0.91% (as at 16 Jul 2024)
Indirect Cost Ratio (ICR) 0.87% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0.18
Minimum initial investment $1,000.00
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Jun 2024)

Holding (as at 30 Jun 2024) Type % of Portfolio
Westpac Banking Corp. Bond - Corporate Bond 2.85%
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FAQs about the Coolabah Short-term Income Assisted Investment

The objective of the Coolabah Short-term Income Assisted Investment managed fund is The Smarter Money Higher Income Fund 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.

The strategy of the Coolabah Short-term Income Assisted Investment managed fund is The Fund is actively managed by the Investment Manager and aims to take advantage of investment opportunities, and assets which are considered mispriced, within the Australian cash, fixed-income and listed hybrid (including bonds and preference shares with equity conversion features) markets. The fund targets to hold 30 to 60 debt/hybrid securities, and cash investments as appropriate, although the actual number of assets may vary from this target.

The APIR code of the Coolabah Short-term Income Assisted Investment managed fund is SLT0052AU.

Coolabah Short-term Income Assisted Investment’s total return last month was 0.26%. This was made up of a growth return of 0.26% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Coolabah Short-term Income Assisted Investment’s total return for the last three months was 1.37%. This was made up of a growth return of -0.05% and an income return of 1.42%%. These returns were calculated as at 30 Nov 2024.

Coolabah Short-term Income Assisted Investment’s one-year total return is 6.03%. This was made up of a growth return of 0.22% and an income return of 5.81%. These returns were calculated as at 30 Nov 2024.

Coolabah Short-term Income Assisted Investment’s one-year total return is 3.89%. This was made up of a growth return of 0.3% and an income return of 3.59%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the Coolabah Short-term Income Assisted Investment managed fund is :

Cash
1.69%
Fixed Interest
98.31%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Coolabah Short-term Income Assisted Investment managed fund is Equity Trustees Ltd.

The Coolabah Short-term Income Assisted Investment managed fund belongs to the Unconstrained Fixed Income sector/asset class.

As at 31 Oct 2024, the size of the Coolabah Short-term Income Assisted Investment managed fund was $451.52 million.

The Coolabah Short-term Income Assisted Investment managed fund has an inception date of 14 Aug 2014.

The current entry price of the Coolabah Short-term Income Assisted Investment managed fund is $1 per unit and the current exit price is $0.9998 per unit (as at 20 Dec 2024).

The current exit price of the Coolabah Short-term Income Assisted Investment managed fund is $0.9998 per unit and the current entry price is $1 per unit (as at 20 Dec 2024).

The minimum initial investment amount for the Coolabah Short-term Income Assisted Investment managed fund is $1,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.