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Russell Australian Cash Enhanced Fund Class A - Managed Fund

Fund Objective
To provide a total return, before costs and tax, higher than the Fund's benchmark over the short to medium term by providing exposure to a diversified portfolio of predominantly Australian dollar investment grade cash and cash equivalents.
Fund Strategy
The Fund invests predominantly in bank deposits, money market instruments (including but not limited to bank bills and certificates of deposit), corporate floating rate notes and asset backed and mortgage backed securities. Derivatives and fixed rate corporate debt may also be used. The Fund may be exposed to non-Australian dollar denominated cash and cash equivalent securities. Any foreign currency exposures will be largely hedged back to Australian dollars.

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 0.45% 1.44% 2.62% 5.42% 5.71% 5.52% 3.42% 2.82%
Growth return -0.27% 0.72% 0.1% 0.48% 0.67% 0.78% 0.09% 0.01%
Income return 0.72% 0.72% 2.52% 4.94% 5.04% 4.74% 3.33% 2.81%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.29% 0.92% 1.94% 4.19% 4.3% 4.05% 2.53% -%
As at 30 Sep 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Russell Australian Cash Enhanced Fund Class A
Cash
18.30%
Fixed Interest
81.70%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
20.38%
Fixed Interest
78.89%
Australian Equities
0.03%
International Equities
0.03%
Alternatives
0.66%

General Information

Fund Details
Type Description
Russell Australian Cash Enhanced Fund Class A
Russell Investment Management Limited
RIM0037AU
Australian Short Term Fixed Interest
starstarstarstar (as at 31 Aug 2025)
Investment Fund
10 Dec 2004
$211.46 million (as at 31 Aug 2025)
$1.0291 (as at 8 Oct 2025)
$1.0273 (as at 8 Oct 2025)
Open
Offer information
Type Description
MER 0.30% (as at 25 Nov 2024)
Indirect Cost Ratio (ICR) 0.34% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment
Minimum additional investments
Minimum redemption amount

FAQs about the Russell Australian Cash Enhanced Fund Class A

The objective of the Russell Australian Cash Enhanced Fund Class A managed fund is To provide a total return, before costs and tax, higher than the Fund's benchmark over the short to medium term by providing exposure to a diversified portfolio of predominantly Australian dollar investment grade cash and cash equivalents.

The strategy of the Russell Australian Cash Enhanced Fund Class A managed fund is The Fund invests predominantly in bank deposits, money market instruments (including but not limited to bank bills and certificates of deposit), corporate floating rate notes and asset backed and mortgage backed securities. Derivatives and fixed rate corporate debt may also be used. The Fund may be exposed to non-Australian dollar denominated cash and cash equivalent securities. Any foreign currency exposures will be largely hedged back to Australian dollars.

The APIR code of the Russell Australian Cash Enhanced Fund Class A managed fund is RIM0037AU.

Russell Australian Cash Enhanced Fund Class A’s total return last month was 0.45%. This was made up of a growth return of -0.27% and an income return of 0.72%. These returns were calculated as at 30 Sep 2025.

Russell Australian Cash Enhanced Fund Class A’s total return for the last three months was 1.44%. This was made up of a growth return of 0.72% and an income return of 0.72%%. These returns were calculated as at 30 Sep 2025.

Russell Australian Cash Enhanced Fund Class A’s one-year total return is 5.42%. This was made up of a growth return of 0.48% and an income return of 4.94%. These returns were calculated as at 30 Sep 2025.

Russell Australian Cash Enhanced Fund Class A’s one-year total return is 5.52%. This was made up of a growth return of 0.78% and an income return of 4.74%. These returns were calculated as at 30 Sep 2025.

The asset allocation of the Russell Australian Cash Enhanced Fund Class A managed fund is :

Cash
18.30%
Fixed Interest
81.70%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the Russell Australian Cash Enhanced Fund Class A managed fund is Russell Investment Management Limited.

The Russell Australian Cash Enhanced Fund Class A managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 Aug 2025, the size of the Russell Australian Cash Enhanced Fund Class A managed fund was $211.46 million.

The Russell Australian Cash Enhanced Fund Class A managed fund has an inception date of 10 Dec 2004.

The current entry price of the Russell Australian Cash Enhanced Fund Class A managed fund is $1.0291 per unit and the current exit price is $1.0273 per unit (as at 8 Oct 2025).

The current exit price of the Russell Australian Cash Enhanced Fund Class A managed fund is $1.0273 per unit and the current entry price is $1.0291 per unit (as at 8 Oct 2025).

The minimum initial investment amount for the Russell Australian Cash Enhanced Fund Class 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.