- Running yield - is the weighted-average total annual yield (interest rate) of the portfolio divded by the portfolio valuation as at a specified date. This is calculated after deducting management fees and represents the annual income that will be earned from the deposits and bonds in the portfolio as at that date. It does not take into account any capital gains/losses
- Total Return - includes interest and capital gains/losses, from the fund over a given period of time.
The fund has been independently reviewed and rated “Recommended” by Atchison Consultants. Please contact us to obtain a copy of the report. This rating is only one factor to be taken into account when deciding whether to invest.
Smarter Money Higher Income targets holding 80-90% of its investments in Australian dollar-denominated and issued floating-rate notes and listed income securities with the balance invested in Australian deposits with APRA-regulated ADIs. The target weighted-average Standard & Poor's credit rating (excluding ADI deposits) is "investment grade".
Smarter Money Higher Income 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 Smarter Money Higher Income's risks better, please refer to the PDS.
OneVue RE Services Limited ACN 101 103 011, AFSL 223271 (the “Responsible Entity”) is the responsible entity of the Smarter Money funds and is the issuer of the Product Disclosure Statement (PDS). The Responsible Entity has appointed Smarter Money Investments Pty Limited ACN 153 555 867 Authorised Representative number 414337 (“SMI”) as investment manager of the Fund. SMI is an authorised representative of Yellow Brick Road Investment Services Pty Limited ACN 003 990 627, AFSL 255016.
Yellow Brick Road Holdings Limited ACN 119 436 083, a company listed on the Australian Securities Exchange (ASX Code: YBR), is a major shareholder in SMI.
The information on this web page has been prepared by Smarter Money Investments Pty Limited ACN 153 555 867 (SMI), Authorised Representative 414337 of Yellow brick Road Investment Services Pty Limited ACN 003 990 627, AFSL 255016. 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) for the relevant Smarter Money fund should be considered before deciding whether to acquire or hold units in it. The PDS can be obtained by visiting www.ybr.com.au/smartermoney. None of the Responsible Entity, SMI, 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 Fund, or guarantees the performance of any obligations to investors, the performance of the Fund or any particular rate of return. The repayment of capital is not guaranteed. Investments in the Fund are not deposits or liabilities of any of the abovementioned parties. The Fund is 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 Fund’s PDS and consult an independent financial advisor.