Coolabah Capital Smarter Money Long-Short Credit Fund (Unconstrained)

APIR: SLT2562AU

Performance

1
Year

2.33

3
Year

5
Year

Since Inception

4.15

Running Yield

2.94

Yield To Maturity

Data Current To: 31/07/2020

Information

Issuer:
Sector:
Index:
RBA Cash Rate
Inception Date: 31/08/2017
Strategy: The Smarter Money Long-Short Credit Fund (LSCF) is an absolute return fixed-income strategy focused on exploiting long and short mispricings in credit markets. The Fund targets returns above the Reserve Bank of Australia (RBA) cash rate plus 4% to 6% pa over rolling 3 year periods after Management Fees, Administration Fees and Performance Fees. The Fund targets volatility of less than 5% pa and since inception has delivered realised volatility of less than 2% pa. The fund allows leverage up to 75%. The Fund invests primarily in senior and subordinated bonds, hybrids and derivatives. The Fund targets holding the majority of its portfolio in investment-grade quality debt securities.

Details

Management Costs: 0.75% p.a.
Administration Fee: 0.25% p.a.
Manager Performance Fee: 20.5% p.a.
Minimum Initial Amount: $1000
Income Distribution: Quarterly
Number of Holdings: 76
Previous articleCoolabah Capital Smarter Money Higher Income Fund
Next articleInvesco Wholesale Senior Secured Income Fund
Luke Greensill
Luke is the Chief Technical Officer of Fixed Income News Australia. He is responsible for FINA's design and development, fund finder functionality, and is the producer of the Fixated podcast. Luke is Head of Marketing at communications, content and creative agency RGC Media & Mktng, MBA News Australia and Online MBA Australia.