Higher Income Strategy

You can read the latest Smarter Money Higher Income (SMHI) performance report here or find out more in the download centre here.

Fund Name

The Smarter Money Higher Income Fund

ARSN 601 093 485

Morningstar Ticker: 40536

ISIN code: AU60SLT00527

APIR Codes

Direct Units: SLT0051AU

Assisted Units: SLT0052AU 

Institutional Units: SLT0049AU

mFund code: SMF02

Overview

Smarter Money Higher Income is a low duration, short-term fixed-interest investment solution that targets returns that outperform the Reserve Bank of Australia’s cash rate by 1.5% - 3.0% per annum after all fees, over rolling 12 month periods. Smarter Money Higher Income invests in a portfolio of Australian deposits, Australian investment-grade bonds (mainly issued by banks) and hybrids issued by banks and companies. 

Returns

SMHI was publicly launched in September 2014 and has outperformed its benchmark, which is the RBA cash rate plus 1.5% per annum after fees, the AusBond Floating-Rate Note Index, and most alternatives since inception. For the latest performance analysis, please click here

Ratings

SMHI has been rated A- by Australia Ratings and "Recommended" by Atchison Consultants. Please contact us to obtain a copy. Ratings are only one factor to be taken into account when deciding whether to invest.

  

Investments

SMHI actively invest in a portfolio of Australian bank deposits, floating-rate notes and hybrids with a target dollar-weighted average credit rating in the “A” band. SMHI does not invest in fixed-rate bonds (unless interest rate risk is swapped out), equities or overseas bonds. SMHI's portfolio managers add value through active asset-selection with materially lower volatility and interest rate duration risk than traditional fixed interest funds.

Risk

SMHI 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 SMHI's risks better, please refer to the PDS, which can be downloaded here.

 

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