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  5. Smarter Money Direct Investor - Managed fund profile

Smarter Money Direct Investor - Managed Fund (Closed)

Fund Objective
The Smarter Money Fund targets returns above the average returns of traditional cash products after fees. More specifically, the fund targets returns that outperform the Reserve Bank of Australia's (RBA's) official target cash rate by 1% - 2% pa after Management Fees and Administration Fees and Ordinary Expenses, over a rolling 12 month period.
Fund Strategy
The Fund targets returns above the average returns of traditional cash products after management costs. More specifically, the Fund targets returns that outperform the Reserve Bank of Australia's (RBA's) cash rate by 1.0% to 2.0% pa after management costs, over a rolling 12 month period. The investment objective is not intended to be a forecast. It is only an indication of what the investment strategy aims to achieve over a rolling 12 month period.

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 0.29% 0.62% 0.79% 1.97% 2.46% 2.71% 2.91% -%
Growth return 0.29% -0.06% -0.55% -0.77% -0.32% 0% -0.17% -%
Income return 0% 0.68% 1.34% 2.74% 2.78% 2.71% 3.08% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.32% 0.94% 2% 4.25% 4.32% 4% 2.47% 2.06%
As at 31 Aug 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Smarter Money Direct Investor
Cash
10.21%
Fixed Interest
89.79%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
20.03%
Fixed Interest
79.26%
Australian Equities
0.03%
International Equities
0.03%
Alternatives
0.66%

General Information

Fund Details
Type Description
Smarter Money Direct Investor
Closed
Equity Trustees Ltd
CRE0013AU
Australian Short Term Fixed Interest
starstarstarstar (as at 31 Aug 2018)
Investment Fund
10 Feb 2012
$3.67 million (as at 31 Aug 2018)
$1.0428 (as at 31 Aug 2018)
$1.0423 (as at 31 Aug 2018)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.75% (as at 30 Jun 2015)
Minimum initial investment $1,000.00
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Sep 2015)

Holding (as at 30 Sep 2015) Type % of Portfolio
Members Equity Bk FRN Bond - Undefined 13.06%
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FAQs about the Smarter Money Direct Investor

The objective of the Smarter Money Direct Investor managed fund is The Smarter Money Fund targets returns above the average returns of traditional cash products after fees. More specifically, the fund targets returns that outperform the Reserve Bank of Australia's (RBA's) official target cash rate by 1% - 2% pa after Management Fees and Administration Fees and Ordinary Expenses, over a rolling 12 month period.

The strategy of the Smarter Money Direct Investor managed fund is The Fund targets returns above the average returns of traditional cash products after management costs. More specifically, the Fund targets returns that outperform the Reserve Bank of Australia's (RBA's) cash rate by 1.0% to 2.0% pa after management costs, over a rolling 12 month period. The investment objective is not intended to be a forecast. It is only an indication of what the investment strategy aims to achieve over a rolling 12 month period.

The APIR code of the Smarter Money Direct Investor managed fund is CRE0013AU.

Smarter Money Direct Investor’s total return last month was 0.29%. This was made up of a growth return of 0.29% and an income return of 0%. These returns were calculated as at 31 Aug 2018.

Smarter Money Direct Investor’s total return for the last three months was 0.62%. This was made up of a growth return of -0.06% and an income return of 0.68%%. These returns were calculated as at 31 Aug 2018.

Smarter Money Direct Investor’s one-year total return is 1.97%. This was made up of a growth return of -0.77% and an income return of 2.74%. These returns were calculated as at 31 Aug 2018.

Smarter Money Direct Investor’s one-year total return is 2.71%. This was made up of a growth return of 0% and an income return of 2.71%. These returns were calculated as at 31 Aug 2018.

The asset allocation of the Smarter Money Direct Investor managed fund is :

Cash
10.21%
Fixed Interest
89.79%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the Smarter Money Direct Investor managed fund is Equity Trustees Ltd.

The Smarter Money Direct Investor managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 Aug 2018, the size of the Smarter Money Direct Investor managed fund was $3.67 million.

The Smarter Money Direct Investor managed fund has an inception date of 10 Feb 2012.

The current entry price of the Smarter Money Direct Investor managed fund is $1.0428 per unit and the current exit price is $1.0423 per unit (as at 31 Aug 2018).

The current exit price of the Smarter Money Direct Investor managed fund is $1.0423 per unit and the current entry price is $1.0428 per unit (as at 31 Aug 2018).

The minimum initial investment amount for the Smarter Money Direct Investor 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.