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Smartsave Diversified Fixed Interest - Managed Fund (Closed)

Fund Objective
To provide investors with a stable income-based return ahead of the Australian government bond index return while maintaining a relatively low level of credit risk. The Fund aims to outperform the performance benchmark over rolling three year periods, without increasing the relative quarterly return volatility risk.
Fund Strategy
The Fund invests primarily in a range of directly-held government and non-government fixed interest securities issued in Australia. These will be augmented with exposure to global fixed interest securities, but only where the currency risk is removed by fully hedging back into Australian Dollars. The investment option adopts an index-enhanced approach, with a core index holding augmented by a range of direct securities, inflation-linked bonds and managed funds.

Fund Performance Comparison

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
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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 0.64% 2.32% 2.24% 5.28% 3.02% 1.89% 2.29% -%
Growth return 0.64% 2.32% 2.24% 5.28% 3.02% 1.89% 2.29% -%
Income return 0% 0% 0% 0% 0% 0% 0% -%
Market index (MorningstarAus BBG AuBd Cmp/BCGA TR HAUD)
Total return 0.39% 0.71% 2.79% 3.27% 5.66% 4.11% -0.38% 2.04%
As at 28 Feb 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Fixed Interest
96.81%
International Equities
0%
Cash
3.18%
Alternatives
0.02%

General Information

Fund Details
Type Description
Smartsave Diversified Fixed Interest
Closed
Tidswell Financial Services Ltd
Bonds - Global / Australia
starstar (as at 28 Feb 2019)
Superannuation Fund
1 Jul 2013
n/a
$1.15521 (as at 28 Mar 2019)
$1.15117 (as at 28 Mar 2019)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 2.03% (as at 30 Jun 2016)
Minimum initial investment
Minimum additional investments
Minimum redemption amount

FAQs about the Smartsave Diversified Fixed Interest

The objective of the Smartsave Diversified Fixed Interest managed fund is To provide investors with a stable income-based return ahead of the Australian government bond index return while maintaining a relatively low level of credit risk. The Fund aims to outperform the performance benchmark over rolling three year periods, without increasing the relative quarterly return volatility risk.

The strategy of the Smartsave Diversified Fixed Interest managed fund is The Fund invests primarily in a range of directly-held government and non-government fixed interest securities issued in Australia. These will be augmented with exposure to global fixed interest securities, but only where the currency risk is removed by fully hedging back into Australian Dollars. The investment option adopts an index-enhanced approach, with a core index holding augmented by a range of direct securities, inflation-linked bonds and managed funds.

The APIR code of the Smartsave Diversified Fixed Interest managed fund is .

Smartsave Diversified Fixed Interest’s total return last month was 0.64%. This was made up of a growth return of 0.64% and an income return of 0%. These returns were calculated as at 28 Feb 2019.

Smartsave Diversified Fixed Interest’s total return for the last three months was 2.32%. This was made up of a growth return of 2.32% and an income return of 0%%. These returns were calculated as at 28 Feb 2019.

Smartsave Diversified Fixed Interest’s one-year total return is 5.28%. This was made up of a growth return of 5.28% and an income return of 0%. These returns were calculated as at 28 Feb 2019.

Smartsave Diversified Fixed Interest’s one-year total return is 1.89%. This was made up of a growth return of 1.89% and an income return of 0%. These returns were calculated as at 28 Feb 2019.

The asset allocation of the Smartsave Diversified Fixed Interest managed fund is :

Fixed Interest
100%
International Equities
0%
Cash
0%
Alternatives
0%

The Responsible Entity for the Smartsave Diversified Fixed Interest managed fund is Tidswell Financial Services Ltd.

The Smartsave Diversified Fixed Interest managed fund belongs to the Bonds - Global / Australia sector/asset class.

As at , the size of the Smartsave Diversified Fixed Interest managed fund was $ million.

The Smartsave Diversified Fixed Interest managed fund has an inception date of 1 Jul 2013.

The current entry price of the Smartsave Diversified Fixed Interest managed fund is $1.15521 per unit and the current exit price is $1.15117 per unit (as at 28 Mar 2019).

The current exit price of the Smartsave Diversified Fixed Interest managed fund is $1.15117 per unit and the current entry price is $1.15521 per unit (as at 28 Mar 2019).

The minimum initial investment amount for the Smartsave Diversified Fixed Interest 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.