The mFund Settlement Service is a world-leading innovation that allows you to invest in unlisted managed funds, like the Smarter Money funds, using a simple and convenient approach.

The service uses CHESS, the ASX’s electronic settlement system, to automate and track the process of buying (applying for) and selling (redeeming) units in managed funds.

Investors’ holdings in these funds (‘mFunds holdings’) are held electronically and linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX, such as shares.

Vist the ASX mFund site.

Smarter Money mFund products
Fund Name mFund Code
Smarter Money Active Cash SMF01
Smarter Money Higher Income SMF02


What is an mFund product?
An mFund product is an unlisted managed fund, like the Smarter Money funds, available to investors/advisers through the mFund Settlement Service. The ASX rule framework supports the mFund Settlement Service by ensuring all parties, including stockbrokers, issuers and unit registrars are accountable for their roles and responsibilities.

What are the key benefits of mFund products?

A diversified portfolio can reduce the level of investment risk by minimising the impact of poor performance by a particular industry or industry sector.

Potential wealth generation and wealth preservation
A well-chosen managed fund, used individually or in conjunction with other investments, can create a portfolio to assist your efforts to generate and protect your wealth.

Cost-effective investment
Investing in a managed fund is as affordable as investing in direct securities. You can start investing with a relatively small amount, adding to it cost effectively over time.

Access to a range of assets through specialised funds
Managed fund products can provide access to assets that may assist with portfolio diversification. These are assets in which individual investors may not normally be able to invest, due to financial limitations and restricted access to markets, research, information or insight to performance.

What are the benefits of the mFund Settlement Service?
Efficiency, convenience, transparency and speed.

  • You don’t need to complete application forms when buying new units, or selling units in an unlisted managed fund product through the mFund Service, saving you time and effort.
  • You can access mFund products through your existing stockbroker, adviser.
  • You receive the same high level settlement certainty enjoyed with shares, whilst gaining a holistic view of other investments held through ASX under a single CHESS HIN.
  • The mFund website (www.mfund.com.au) provides timely access to a wide range of information about managed funds, including unit prices and related announcements.
  • All application (buy) and redemption (sell) orders, ownership and payment transaction details are managed through CHESS and identified using the investor’s HIN. This ensures that settlement is fast and certain, makes it easy for all parties to keep track of transaction details, and reduces the risk of data entry mistakes and other common errors.