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  5. Mutual Cash (MCTDF) A - Managed fund profile

Mutual Cash (MCTDF) A - Managed Fund

Fund Objective
The Fund aims to achieve superior outcomes across two investment objectives: 1. Greater income than the Bloomberg Ausbond Bank Bill Index (after fees) quarterly. 2. Greater total return than the Bloomberg Ausbond Bank Bill Index (after fees) over a rolling 12-month period .
Fund Strategy
Mutual's investment process is based on using bottom-up fundamental analysis to determine the relative value and appropriateness of the various Australian bank bonds available within the market. The cornerstone of Mutual's investment philosophy is security with performance. The team's research process places its emphasis on mitigating downside risks by attempting to provide investors with a high level of capital preservation and outperforming the Bloomberg Index, while generating excess net cash returns to investors.

Fund Performance Comparison

Created with Highcharts 10.2.1TimeReturns (%)Chart context menu1M3M6M1Y P.A.2Y P.A.3Y P.A.5Y P.A.10Y P.A.0246810

Relative Fund Performance vs 369 peers using RBA Bank accepted Bills 90 Days as their benchmark.

Mutual Cash (MCTDF) A
Peers
Benchmark (RBA Bank accepted Bills 90 Days)
Eureka Asset-backed Loan Fund
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
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Fees Comparison

0.25
% p.a.
Mutual Cash (MCTDF) A
1.06
% p.a.
Average of peers (369)
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 0.37% 1.08% 2.26% 4.72% 4.66% 3.96% 2.47% 2.33%
Growth return 0.37% -0.04% -0.11% 0.26% 0.38% 0.76% 0.37% 0.13%
Income return 0% 1.12% 2.37% 4.46% 4.28% 3.2% 2.1% 2.2%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.32% 0.99% 2.09% 4.33% 4.3% 3.77% 2.28% 2.01%
As at 30 Apr 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mutual Cash (MCTDF) A
Cash
96.67%
Fixed Interest
3.33%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Created with Highcharts 10.2.196.67%3.33%
Average Allocation of Peers
Cash
44.29%
Fixed Interest
17.45%
Australian Equities
4.28%
International Equities
7.52%
Property
1.93%
Alternatives
24.52%
Created with Highcharts 10.2.14.28%7.52%44.29%1.93%17.45%24.52%

General Information

Fund Details
Type Description
Mutual Cash (MCTDF) A
Mutual Limited
PRM0010AU
Australian Cash
Not Rated
Investment Fund
7 Sep 2011
$533.07 million (as at 31 May 2024)
$1.05092 (as at 6 May 2025)
$1.05092 (as at 6 May 2025)
Open
Offer information
Type Description
MER 0.25% (as at 30 Dec 2023)
Indirect Cost Ratio (ICR) 0.25% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment
Minimum additional investments
Minimum redemption amount $1.00

Top 10 holdings (as at 31 Mar 2025)

Holding (as at 31 Mar 2025) Type % of Portfolio
Term Deposit-Wbc Cash 44.20%
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FAQs about the Mutual Cash (MCTDF) A

The objective of the Mutual Cash (MCTDF) A managed fund is The Fund aims to achieve superior outcomes across two investment objectives: 1. Greater income than the Bloomberg Ausbond Bank Bill Index (after fees) quarterly. 2. Greater total return than the Bloomberg Ausbond Bank Bill Index (after fees) over a rolling 12-month period .

The strategy of the Mutual Cash (MCTDF) A managed fund is Mutual's investment process is based on using bottom-up fundamental analysis to determine the relative value and appropriateness of the various Australian bank bonds available within the market. The cornerstone of Mutual's investment philosophy is security with performance. The team's research process places its emphasis on mitigating downside risks by attempting to provide investors with a high level of capital preservation and outperforming the Bloomberg Index, while generating excess net cash returns to investors.

The APIR code of the Mutual Cash (MCTDF) A managed fund is PRM0010AU.

Mutual Cash (MCTDF) A’s total return last month was 0.37%. This was made up of a growth return of 0.37% and an income return of 0%. These returns were calculated as at 30 Apr 2025.

Mutual Cash (MCTDF) A’s total return for the last three months was 1.08%. This was made up of a growth return of -0.04% and an income return of 1.12%%. These returns were calculated as at 30 Apr 2025.

Mutual Cash (MCTDF) A’s one-year total return is 4.72%. This was made up of a growth return of 0.26% and an income return of 4.46%. These returns were calculated as at 30 Apr 2025.

Mutual Cash (MCTDF) A’s one-year total return is 3.96%. This was made up of a growth return of 0.76% and an income return of 3.2%. These returns were calculated as at 30 Apr 2025.

The asset allocation of the Mutual Cash (MCTDF) A managed fund is :

Cash
96.67%
Fixed Interest
3.33%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Mutual Cash (MCTDF) A managed fund is Mutual Limited.

The Mutual Cash (MCTDF) A managed fund belongs to the Australian Cash sector/asset class.

As at 31 May 2024, the size of the Mutual Cash (MCTDF) A managed fund was $533.07 million.

The Mutual Cash (MCTDF) A managed fund has an inception date of 7 Sep 2011.

The current entry price of the Mutual Cash (MCTDF) A managed fund is $1.05092 per unit and the current exit price is $1.05092 per unit (as at 6 May 2025).

The current exit price of the Mutual Cash (MCTDF) A managed fund is $1.05092 per unit and the current entry price is $1.05092 per unit (as at 6 May 2025).

The minimum initial investment amount for the Mutual Cash (MCTDF) A managed fund is $0. Minimum additional investment is $0.

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.