Smarter Money Investments
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OVERVIEW OF THE SMARTER MONEY HIGHER INCOME STRATEGY
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.
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.
1. Select Asset Management Limited AFSL 223271 ABN 94 101 103 011 (the “Responsible Entity”) is the responsible entity of the Smarter Money Active Cash Fund and is the issuer of the Smarter Money Active Cash Fund Product Disclosure Statement (PDS) and the Smarter Money Higher Income Fund Product Disclosure Statement (PDS). The Responsible Entity has appointed Smarter Money Funds Management Pty Limited ACN 153 555 867 authorised representative number 414337 (“YBR Funds Management”), as investment manager of the Smarter Money Active Cash Fund. Smarter Money Investments is an authorised representative of Yellow Brick Road Investment Services Pty Limited ABN 86 003 990 627 AFSL 255016.
2. Yellow Brick Road Holdings Limited ACN 119 436 083, a company listed on the Australian Securities Exchange (ASX Code: YBR), is a shareholder in Smarter Money Investments.
The information on this web page has been prepared by Smarter Money Investments. It is general information only and is not intended to provide you with financial advice. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. The Product Disclosure Statement (PDS) issued on 29 August 2014 for the Smarter Money Active Cash Fund and the Product Disclosure Statement (PDS) issued on 8 October 2014 for the Smarter Money Higher Income Fund should be considered before deciding whether to acquire or hold units in either Fund. The PDSs can be obtained by calling 1800 927 927 or visiting http://smitrust.com.au/. None of the Responsible Entity, Smarter Money Investments, Yellow Brick Road Holdings Limited nor any of their respective shareholders, directors and associated businesses assume any liability to investors in connection with investment in the Smarter Money Active Cash Fund or the Smarter Money Higher Income Fund, or guarantees the performance of any obligations to investors, the performance of the Smarter Money Active Cash Fund or Smarter Money Higher Income Fund or any particular rate of return. The repayment of capital is not guaranteed. Investments in the Smarter Money Active Cash Fund or the Smarter Money Higher Income Fund are not deposits or liabilities of any of the above mentioned parties. The Smarter Money Active Cash Fund and the Smarter Money Higher Income Fund are subject to investment risks, which could include delays in repayment and loss of income and capital invested. To learn more about these risks, we strongly encourage you to read the Smarter Money Active Cash Fund PDS and the Smarter Money Higher Income PDS and consult an independent financial advisor.
Morningstar Rating Definition:
The Morningstar Rating is an assessment of a fund’s past performance — based on both return and risk — which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.
© 2015 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").
The Lonsec Rating (assigned 04/2017) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Smarter Money Investments, and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings