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  5. Smarter Money Long/Short Credit Institutional - Managed fund profile

Smarter Money Long/Short Credit Institutional - Managed Fund

Fund Objective
The Fund targets generating absolute returns of 4% to 6% p.a. above the RBA cash rate after Management Fees and Administration Fees with less than 5% p.a. volatility over rolling 3 year periods, and low to no correlation with equities, fixed-rate bonds, and property markets.
Fund Strategy
This is an absolute return fixed-income strategy focused on exploiting long and short mispricings in credit markets. The Fund invests primarily in debt securities, hybrids and derivatives. The Fund employs an 'active' fixed-income investment strategy, seeking to take 'long' and/or 'short' positions in relation to debt and hybrid securities which are considered mispriced. The goal is to generate 'alpha', or risk-adjusted excess returns, through identifying and exploiting mispricings in the underlying assets and/or derivatives related to them.

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 1.28% 2.5% 4.92% 11.68% 13.59% 5.73% 5.27% -%
Growth return 1.28% 0.72% 1.14% -% 6.92% -1.2% -0.86% -%
Income return 0% 1.78% 3.78% -% 6.67% 6.93% 6.13% -%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return -1.88% -0.39% 2.26% 7.08% 2.86% -0.62% -0.68% 2.11%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Smarter Money Long/Short Credit Institutional
Cash
3.44%
Fixed Interest
96.56%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.67%
Fixed Interest
92.07%
Australian Equities
1.30%
International Equities
0.53%
Property
0.06%
Alternatives
0.36%

General Information

Fund Details
Type Description
Smarter Money Long/Short Credit Institutional
Equity Trustees Ltd
SLT3458AU
Unconstrained Fixed Income
starstarstarstarstar (as at 31 Oct 2024)
Investment Fund
31 Aug 2017
$560.21 million (as at 31 Oct 2024)
$0.9767 (as at 20 Nov 2024)
$0.9762 (as at 20 Nov 2024)
Open
Offer information
Type Description
MER 1.48% (as at 16 Jul 2024)
Indirect Cost Ratio (ICR) 1.83% (as at 30 Jun 2023)
Performance fee (not included in ICR) 1.08
Minimum initial investment $1,000.00
Minimum additional investments $1,000.00

FAQs about the Smarter Money Long/Short Credit Institutional

The objective of the Smarter Money Long/Short Credit Institutional managed fund is The Fund targets generating absolute returns of 4% to 6% p.a. above the RBA cash rate after Management Fees and Administration Fees with less than 5% p.a. volatility over rolling 3 year periods, and low to no correlation with equities, fixed-rate bonds, and property markets.

The strategy of the Smarter Money Long/Short Credit Institutional managed fund is This is an absolute return fixed-income strategy focused on exploiting long and short mispricings in credit markets. The Fund invests primarily in debt securities, hybrids and derivatives. The Fund employs an 'active' fixed-income investment strategy, seeking to take 'long' and/or 'short' positions in relation to debt and hybrid securities which are considered mispriced. The goal is to generate 'alpha', or risk-adjusted excess returns, through identifying and exploiting mispricings in the underlying assets and/or derivatives related to them.

The APIR code of the Smarter Money Long/Short Credit Institutional managed fund is SLT3458AU.

Smarter Money Long/Short Credit Institutional’s total return last month was 1.28%. This was made up of a growth return of 1.28% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Smarter Money Long/Short Credit Institutional’s total return for the last three months was 2.5%. This was made up of a growth return of 0.72% and an income return of 1.78%%. These returns were calculated as at 31 Oct 2024.

Smarter Money Long/Short Credit Institutional’s one-year total return is 11.68%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

Smarter Money Long/Short Credit Institutional’s one-year total return is 5.73%. This was made up of a growth return of -1.2% and an income return of 6.93%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Smarter Money Long/Short Credit Institutional managed fund is :

Cash
3.44%
Fixed Interest
96.56%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Smarter Money Long/Short Credit Institutional managed fund is Equity Trustees Ltd.

The Smarter Money Long/Short Credit Institutional managed fund belongs to the Unconstrained Fixed Income sector/asset class.

As at 31 Oct 2024, the size of the Smarter Money Long/Short Credit Institutional managed fund was $560.21 million.

The Smarter Money Long/Short Credit Institutional managed fund has an inception date of 31 Aug 2017.

The current entry price of the Smarter Money Long/Short Credit Institutional managed fund is $0.9767 per unit and the current exit price is $0.9762 per unit (as at 20 Nov 2024).

The current exit price of the Smarter Money Long/Short Credit Institutional managed fund is $0.9762 per unit and the current entry price is $0.9767 per unit (as at 20 Nov 2024).

The minimum initial investment amount for the Smarter Money Long/Short Credit Institutional 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.