InvestSMART

Smartsave Pensions Cash - Managed Fund

Fund Objective
To provide stable, low-risk returns in line with those available through retail bank deposits. The Fund aims to outperform the performance benchmark over rolling three year periods, without exposing the portfolio to credit default risk worse than the average credit rating of the five major trading banks.
Fund Strategy
The Fund invests in a range of wholesale cash and short-term money market securities issued by the major banks and corporates with investment grade ratings as defined by the major credit rating agencies. The option may also invest in managed cash funds and mortgage funds with similar mandates and credit criteria.

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 0.28% 0.52% 0.55% 0.83% 0.28% -0.16% 0.03% 0.55%
Growth return 0.28% 0.52% 0.55% 0.83% 0.28% -0.16% 0.03% 0.55%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.29% 0.9% 1.85% 4.02% 4.2% 4.02% 2.58% 2.07%
As at 30 Apr 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Cash
46.16%
Australian Equities
3.92%
International Equities
7.25%
Property & Infrastructure
1.84%
Fixed Interest
20.51%
Alternatives
20.33%

General Information

Fund Details
Type Description
Smartsave Pensions Cash
Tidswell Financial Services Ltd
Australian Cash
Not Rated
Allocated Pension
1 Jul 2013
n/a
$1.06275 (as at 15 May 2024)
$1.06275 (as at 15 May 2024)
Finalised
Offer information
Type Description
MER 0.82% (as at 22 Sep 2023)
Indirect Cost Ratio (ICR) 1.67% (as at 30 Jun 2016)
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

FAQs about the Smartsave Pensions Cash

The objective of the Smartsave Pensions Cash managed fund is To provide stable, low-risk returns in line with those available through retail bank deposits. The Fund aims to outperform the performance benchmark over rolling three year periods, without exposing the portfolio to credit default risk worse than the average credit rating of the five major trading banks.

The strategy of the Smartsave Pensions Cash managed fund is The Fund invests in a range of wholesale cash and short-term money market securities issued by the major banks and corporates with investment grade ratings as defined by the major credit rating agencies. The option may also invest in managed cash funds and mortgage funds with similar mandates and credit criteria.

The APIR code of the Smartsave Pensions Cash managed fund is .

Smartsave Pensions Cash’s total return last month was 0.28%. This was made up of a growth return of 0.28% and an income return of 0%. These returns were calculated as at 30 Apr 2024.

Smartsave Pensions Cash’s total return for the last three months was 0.52%. This was made up of a growth return of 0.52% and an income return of 0%%. These returns were calculated as at 30 Apr 2024.

Smartsave Pensions Cash’s one-year total return is 0.83%. This was made up of a growth return of 0.83% and an income return of 0%. These returns were calculated as at 30 Apr 2024.

Smartsave Pensions Cash’s one-year total return is -0.16%. This was made up of a growth return of -0.16% and an income return of 0%. These returns were calculated as at 30 Apr 2024.

The asset allocation of the Smartsave Pensions Cash managed fund is :

Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Smartsave Pensions Cash managed fund is Tidswell Financial Services Ltd.

The Smartsave Pensions Cash managed fund belongs to the Australian Cash sector/asset class.

As at , the size of the Smartsave Pensions Cash managed fund was $ million.

The Smartsave Pensions Cash managed fund has an inception date of 1 Jul 2013.

The current entry price of the Smartsave Pensions Cash managed fund is $1.06275 per unit and the current exit price is $1.06275 per unit (as at 15 May 2024).

The current exit price of the Smartsave Pensions Cash managed fund is $1.06275 per unit and the current entry price is $1.06275 per unit (as at 15 May 2024).

The minimum initial investment amount for the Smartsave Pensions Cash managed fund is $20,000. 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.