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

Smarter Money Long/Short Credit USD Investment - Managed Fund

Fund Objective
The fund targets generating absolute returns of 4% to 6% p.a. above the midpoint of the US Federal Funds Target Range after management fees and performance 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 mispricings in credit markets. The fund has exposure to an underlying pool which invests primarily in debt securities, hybrids and derivatives. The underlying pool 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.

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 -0.11% 2.76% 5.19% 10.67% 12.77% 8.69% 7.93% -%
Growth return -5.91% -3.22% -2.45% -8.03% 1.62% 0.15% 2.66% -%
Income return 5.8% 5.98% 7.64% 18.7% 11.15% 8.54% 5.27% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.34% 1.02% 2.13% 4.35% 4.28% 3.67% 2.21% 1.99%
As at 31 Mar 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Smarter Money Long/Short Credit USD Investment
Cash
3.54%
Fixed Interest
96.46%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
43.40%
Fixed Interest
17.42%
Australian Equities
4.28%
International Equities
7.52%
Property
1.93%
Alternatives
25.45%

General Information

Fund Details
Type Description
Smarter Money Long/Short Credit USD Investment
Equity Trustees Ltd
ETL7843AU
Alternative - Other
Not Rated
Investment Fund
18 Feb 2020
$20.76 million (as at 31 Mar 2025)
$1.0417 (as at 16 Apr 2025)
$1.0412 (as at 16 Apr 2025)
Open
Offer information
Type Description
MER 1.39% (as at 20 Feb 2024)
Minimum initial investment $1,000.00
Minimum additional investments $1,000.00

FAQs about the Smarter Money Long/Short Credit USD Investment

The objective of the Smarter Money Long/Short Credit USD Investment managed fund is The fund targets generating absolute returns of 4% to 6% p.a. above the midpoint of the US Federal Funds Target Range after management fees and performance 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 USD Investment managed fund is This is an absolute return fixed-income strategy focused on exploiting mispricings in credit markets. The fund has exposure to an underlying pool which invests primarily in debt securities, hybrids and derivatives. The underlying pool 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 APIR code of the Smarter Money Long/Short Credit USD Investment managed fund is ETL7843AU.

Smarter Money Long/Short Credit USD Investment’s total return last month was -0.11%. This was made up of a growth return of -5.91% and an income return of 5.8%. These returns were calculated as at 31 Mar 2025.

Smarter Money Long/Short Credit USD Investment’s total return for the last three months was 2.76%. This was made up of a growth return of -3.22% and an income return of 5.98%%. These returns were calculated as at 31 Mar 2025.

Smarter Money Long/Short Credit USD Investment’s one-year total return is 10.67%. This was made up of a growth return of -8.03% and an income return of 18.7%. These returns were calculated as at 31 Mar 2025.

Smarter Money Long/Short Credit USD Investment’s one-year total return is 8.69%. This was made up of a growth return of 0.15% and an income return of 8.54%. These returns were calculated as at 31 Mar 2025.

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

Cash
3.54%
Fixed Interest
96.46%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

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

The Smarter Money Long/Short Credit USD Investment managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Mar 2025, the size of the Smarter Money Long/Short Credit USD Investment managed fund was $20.76 million.

The Smarter Money Long/Short Credit USD Investment managed fund has an inception date of 18 Feb 2020.

The current entry price of the Smarter Money Long/Short Credit USD Investment managed fund is $1.0417 per unit and the current exit price is $1.0412 per unit (as at 16 Apr 2025).

The current exit price of the Smarter Money Long/Short Credit USD Investment managed fund is $1.0412 per unit and the current entry price is $1.0417 per unit (as at 16 Apr 2025).

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