SMARTER MONEY Strategy

Targets daily liquidity returns in excess of the RBA cash rate plus 1% to 2% pa net of fees with near-zero interest rate duration risk and an average A rating

Smarter Money Fund (SMF)

RBA Cash Plus 1.0% to 2.0% PA Strategy

Assisted Investor Class
CRE0014AU

INVEST NOW

Base Fee Class
ETL6313AU

INVEST NOW

Overview
Key Facts
Pricing Information
Performance
Distributions
Resources

Overview

The Smarter Money Fund (SMF) harnesses CCI’s extensive management team to actively exploit mispricings in cash and bond markets to generate daily liquidity returns that exceed a target of the RBA cash rate plus 1.0% to 2.0% pa after all fees with an average A credit rating and near-zero interest rate duration risk.

The SMF is a daily liquidity solution that invests in cash and investment-grade fixed-income assets that are hedged to a floating-rate (ie, not fixed-rate) exposure that means it has near-zero interest rate (duration) risk.

SMF cannot invest in hybrids or use leverage. It is typically placed in the “short duration fixed-interest” (credit) or “cash-enhanced” universes.

Investments

SMF actively invests in a portfolio of Australian cash securities and investment-grade bonds with a target dollar-weighted average credit rating in the “A” band. SMF does not invest in fixed-rate bonds (unless interest rate risk is hedged out), hybrids or equities. SMF is not permitted to use leverage. 

Applying a diverse array of quantitative asset pricing techniques, SMF’s portfolio managers add-value through exploiting bond mispricings that seek to generate capital gains over and above the yield provided by the underlying fixed-income assets.

Responsible Investing

Coolabah considers that environment, social and governance (ESG) factors are important inputs into its investment process and have potentially profound consequences for the performance of our investments, including, most notably, downside risks but also upside mispricing potential in terms of the value of those assets. Nuanced ESG factors are often overlooked by the market and credit rating agencies when assessing the creditworthiness and valuations of fixed-income securities. ESG is a core part of both our quantitative and qualitative due diligence and wider investment process.

Coolabah is a signatory of the UN-endorsed Principles for Responsible Investment (“PRI”) and the Smarter Money Fund has been certified by the Responsible Investment Association Australasia. You can read more about Coolabah’s approach to responsible investing here.

Risks

The Fund is not a bank deposit. 

It is a managed investment scheme registered and regulated by the Australian Securities and Investments Commission (ASIC).

All investments carry risks, including that the value of investments may vary, future returns may differ from past returns, and that your capital is not guaranteed.

To understand the Fund’s risks better, please refer to the detailed “Risks” section in the PDS and to the Fund’s Target Market Determination (TMD)^.

Ratings

SMF is listed on numerous investment platforms.

It is also rated by many researchers, including Atchison, Foresight Analytics, Lonsec, Mercer and Zenith.

Please read more about the ratings and disclaimers here and contact us for a copy of the Lonsec and Zenith reports.

Quantitative

SMF has been awarded a 4 Crown Rating by FE Fundinfo.

Qualitative

• 
  Foresight Analytics
  

• Lonsec Research

Disclaimer

• Zenith Investment Partners

Disclaimer

Overview

The Smarter Money Fund (SMF) harnesses CCI’s extensive management team to actively exploit mispricings in cash and bond markets to generate daily liquidity returns that exceed a target of the RBA cash rate plus 1.0% to 2.0% pa after all fees with an average A credit rating and near-zero interest rate duration risk.

The SMF is a daily liquidity solution that invests in cash and investment-grade fixed-income assets that are hedged to a floating-rate (ie, not fixed-rate) exposure that means it has near-zero interest rate (duration) risk.

SMF cannot invest in hybrids or use leverage. It is typically placed in the “short duration fixed-interest” (credit) or “cash-enhanced” universes.

Since its inception in February 2012, SMF has delivered post-fee returns that exceed the RBA cash rate plus 1% after all fees with low volatility of less than 1% per annum. Past performance does not assure future returns and investors should read the PDS to better understand this strategy’s risks.

Investments

SMF actively invests in a portfolio of Australian cash securities and investment-grade bonds with a target dollar-weighted average credit rating in the “A” band. SMF does not invest in fixed-rate bonds (unless interest rate risk is hedged out), hybrids or equities. SMF is not permitted to use leverage. 

Applying a diverse array of quantitative asset pricing techniques, SMF’s portfolio managers add-value through exploiting bond mispricings that seek to generate capital gains over and above the yield provided by the underlying fixed-income assets.

Risks

The Fund is not a bank deposit. 

It is a managed investment scheme registered and regulated by the Australian Securities and Investments Commission (ASIC).

All investments carry risks, including that the value of investments may vary, future returns may differ from past returns, and that your capital is not guaranteed.

To understand the Fund’s risks better, please refer to the detailed “Risks” section in the PDS and to the Fund’s Target Market Determination (TMD)^.

Ratings

SMF is listed on numerous investment platforms.

It is also rated by many researchers, including Atchison, Foresight Analytics, Lonsec, Mercer and Zenith.

Please read more about the ratings and disclaimers here and contact us for a copy of the Lonsec and Zenith reports.

Key Facts

Name	Smarter Money Fund
ARSN	154 023 408
Investment Objective	Targets returns in excess of the RBA cash rate plus 1.0% to 2.0% after Management Costs
Inception Date	17-Feb-2012
Applications	Daily
Withdrawals	Daily (T+3)
Distribution Frequency	Quarterly
Distribution Method	Reinvestment or paid out available
Issuer & Responsible Entity	Equity Trustees
Investment Manager	Coolabah Capital Investments (Retail)
Fund Administrator	Apex Fund Services
Registry	Apex Fund Services
Custodian	Citigroup
Auditor	Ernst & Young

See More

Pricing Information

Class	Assisted Investor Class	Base Fee Class
APIR Code	CRE0014AU	ETL6313AU
ISIN	AU60CRE00140	AU60ETL63137
Tradable	Directly with the Responsible Entity	Directly with the Responsible Entity
mFund	SMF01	–
Management Costs	0.66% p.a.	0.79% p.a.
Performance Fee (%)	20.5% of excess fund performance over the Benchmark after Management Costs subject to a high water mark	None
Benchmark	RBA cash rate plus 1.0%	RBA cash rate plus 1.0%
Minimum Investment	$1,000	$1,000
Additional Investment	$1,000	$1,000
Minimum Balance	$1,000	$1,000
Saving Plan	Monthly	Monthly
Savings Plan Minimum	$100	$100
Buy Spread	0.000%	0.000%
Sell Spread*	0.025%	0.025%

See More

Performance Reports

• 
  Assisted Investor – CRE0014AU
  

• 
  Base Fee Class – ETL6313AU
  

• 
  Institutional Class A – CRE0015AU
  

Distributions

Distribution Per Unit ($)

Qtr Ending	Assisted Investor Class	Institutional Class A	Base Fee
APIR Code	CRE0014AU	CRE0015AU	ETL6313AU
30-Sep-25	0.0105	0.0105	0.0105
30-Jun-25	0.008712	0.004595	0.050233
31-Mar-25	0.012	0.012	0.012
31-Dec-24	0.013	0.013	0.013
30-Sep-24	0.013	0.013	0.013
30-Jun-24	0.01769334	0.01524423	0.01685564
31-Mar-24	0.014	0.014	1.399876
31-Dec-23	0.012	0.012	0.012
30-Sep-23	0.01	0.01	0.01
30-Jun-23	0.011	0.011	0.01099361
31-Mar-23	0.0085	0.0085	0.0085
30-Dec-22	0.0065	0.0065	0.00650220
30-Sep-22	0.0045	0.0045	0.0045
30-Jun-22	0.0072	0.0098	0.0103
31-Mar-22	0.002	0.002	0.002
31-Dec-21	0.0015	0.0015	0.0015
30-Sep-21	0.0015	0.0015	0.0015
30-Jun-21	0.00194113	0.00364267	0.0023
31-Mar-21	0.01051509	0.00687624	0
31-Dec-20	0.01	0.01	0
30-Sep-20	0.007	0.007	0
30-Jun-20	0.003	0.003	0
31-Mar-20	0.0070751	0.01058463	0
31-Dec-19	0.004	0.004	0
30-Sep-19	0.004	0.004	0
30-Jun-19	0.0058	0.0058	0
31-Mar-19	0.007	0.007	0
31-Dec-18	0.007	0.007	0
30-Sep-18	0.007	0.007	0

See More

Platform Availability

Platform	Assisted Investor Class
APIR Code	CRE0014AU
ASX/Cboe	No
AMP North	Yes
Australian Money Market	Yes
Beacon	Yes
BT Asgard	Yes
BT Panorama	Yes
Credit Suisse	Yes
Crestone	Yes
Diversa	Yes
FirstWrap	Yes
Hub24	Yes
IOOF Expand	Yes
Key Invest	Yes
Macquarie Wrap	Yes
mFunds	Yes
Mason Stevens	Yes
MLC Expand	Yes
Morgan Stanley	Yes
Netwealth	Yes
OneVue	Yes
Perpetual WealthFocus	Yes
Powerwrap	Yes
Praemium	Yes
UBS	Yes
uXchange	Yes
Wilsons Advisory	Yes

See More

Resources

Assisted Investor Class CRE0014AU

INVEST NOW

• 
  Product Flyer – Assisted Investor CRE0014AU
  
• 
  Product Disclosure Statement
  
• 
  Product Disclosure Statement NZ Investor
  
• 
  Reference Guide
  
• 
  Target Market Determination (TMD)
  
• 
  Annual Report
  

Base Fee Class ETL6313AU

INVEST NOW

• 
  Product Disclosure Statement
  
• 
  Reference Guide
  
• 
  Target Market Determination (TMD)
  
• 
  Annual Report
  

Frequently Used Forms

• 
  Withdrawal Form
  
• 
  Change of Details
  
• 
  Change Distribution Method
  
• 
  Change Linked Bank Account
  
• 
  Switch Funds Request
  
• 
  Investment Direct Debit
  
• 
  Savings Plan Direct Debit
  
• 
  Add Authorised Signatory
  

Research Reports

• 
  Foresight Analytics
  
• Lonsec (Contact Us)
• Zenith (Base Fee Class – Contact Us)

Frequently Asked Questions

How do I invest in the Smarter Money Fund?To invest via the Securities Exchange – You can buy and sell units in SMF through your online share trading platform, your stockbroker or your financial adviser using mFund. Please read the PDS, as certain functionality may be limited. To invest via the responsible entity – You can apply online here. 
How do I withdraw my investment from the Fund?

Complete a withdrawal request form and submit it to the responsible entity (RE). Further instructions are on the form.

If you have a Holder Identification Number (HIN) or invested through mFund, you will need to submit your instruction with the assistance of your stockbroker or online trading platform.

^From 5 October 2021, a Target Market Determination (TMD) is required to be made available under the Design & Distribution Obligations. It describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed.

 *The Buy Sell Spread may change depending on the transaction costs associated with buying and selling the assets within the Fund’s portfolio at that time. Any changes to the spreads after the date of the PDS will be published here.

Disclaimer: Past performance does not assure future returns. Returns are shown after all fund fees, unless otherwise stated. Retail product fees can vary depending on the unit class selected and/or whether the financial advisory firm has negotiated access to lower cost unit classes.

Equity Trustees Limited (Equity Trustees) ABN 46 004 031 298 AFSL 240975, is the responsible entity for the Fund. Equity Trustees is a subsidiary of EQT Holdings Limited ABN 22 607 797 615, a publicly listed company on the Australian Securities Exchange (ASX: EQT).

This has been prepared by Coolabah Capital Investments (Retail) Pty Ltd ACN 153 555 867 (Coolabah), an authorised representative (#000414337) of Coolabah Capital Institutional Investments Pty Ltd ABN 85 605 806 059 AFSL 482238, to provide you with general information only. In preparing this publication, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. The Product Disclosure Statement (PDS) for the Fund should be considered before deciding whether to acquire or hold units in it. A PDS for the Fund can be obtained by visiting www.stag.coolabahcapital.com. Neither Coolabah, Equity Trustees nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. The Fund is subject to investment risks, which could include delays in repayment and/or loss of income and capital invested.

Ratings & Research Disclaimers

Lonsec Research

The rating issued 10/2023 CRE0014AU is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.

Zenith Investment Partners

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned ETL6313AU June 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.