Who is SMHI suitable for?
SMHI may be suitable for:
- Younger Australians looking to grow their savings;
- Investors who want diversification away from the volatility of the share market;
- Retirees that desire regular quarterly income security;
- Businesses seeking cash-management opportunities that add value beyond the products offered by the big banks; and
- Institutional investors that want a superior cash or short-term treasury solution.
SMHI's performance report can be viewed here. To work out whether SMHI meets your needs, please download a copy of the PDS and speak to an independent financial adviser.
SMHI aims to deliver investors returns that outperform the RBA’s official target cash rate plus 1.5% - 3% per annum after all fees and costs over a rolling 24 month period. More generally, the fund is seeking to provide investors with returns above the average returns of traditional cash products after fees.
This investment objective is not intended to be a forecast. It is only an indication of what the investment strategy aims to achieve over the medium to long term, assuming financial markets remain relatively stable during that time. The fund may not achieve its investment objective. Returns are not guaranteed.
Why use SMHI rather than managing your cash yourself?
You can shop around and keep switching between banks to try and find the best rates for your cash, or you can let SMHI help you do some of that work. Our investment managers are in the market every day to ensure you get the best available institutional rates from their deposits and investment-grade bonds issued by banks and major companies. When you invest your money, it is pooled together with other investors’ money. The fund uses this larger pool of money to buy institutional investments and manage them on behalf of all investors. This means that by investing in the fund you may have access to certain investments that you might not otherwise be able to access on your own, as well as to the expertise of the fund’s investment management team.
How long does it take to process my investment?
Once we receive your verified application:
Your account is set-up
You transfer funds to us (BPAY or EFT)
Cleared funds become available (business days)
Your money is invested and earnings commence
Fund units are allocated to you
An email is sent to you with a Statement and website login details
How long should I expect to keep my money invested with you?
Whilst SMHI offers you the ability to make daily investment and withdrawal requests, it is best suited to individuals and institutions looking to invest their money for 12 months or more. The fund is not suitable for use as a regular transactional account.
SMHI will invest in a portfolio of cash investments and variable and fixed-income securities, including at-call deposits, term deposits, and investment-grade bonds issued by banks, and companies, amongst others.
SMHI will not invest in equities (listed or unlisted), non-Australian dollar-denominated or sub-investment grade debt, fixed-rate debt with a term to maturity of longer than 12 months, collateralised debt obligations, or non-prime mortgage debt.
All investments carry risk. Different strategies may carry different levels of risk depending on the assets that make up the strategy and assets with the highest long-term returns may also carry the highest level of short-term risk. Returns are not guaranteed. You can learn about the fund's risks in the PDS.
Who is the fund’s Administrator and how do I contact them?
The fund administrator and unit registry is FundBPO Pty Ltd (they are based in the Sydney CBD). All enquiries to the fund administrator are as follows:
Phone: 1300 133 451
Fax: 02 9251 3525
Who is the fund’s Investment Manager?
The investment manager is Smarter Money Investments Pty Ltd, which has appointed a sub-investment manager, Coolabah Capital Investments Pty Ltd. For general questions on our products, please contact:
Smarter Money Investments Pty Ltd
Phone 1300 901 711
OneVue RE Services Limited ("RE") AFSL 223271 ABN 94 101 103 011 is the responsible entity. The role of a responsible entity includes holding the fund's assets or investments on trust for the unit holders in accordance with the financial services laws and the fund's constitution. The RE is an Australian financial services business that provides responsible entity services to a number of successful fund managers.
How do I make a complaint?
If you wish to discuss any aspect of the fund or wish to lodge a complaint please send your complaint in writing to the Compliance Manager at the RE, Level 5, 10 Spring Street, Sydney NSW 2000. We will confirm receipt of your complaint within 7 business days.
If you have not received a satisfactory response or 45 days have elapsed, you may refer the matter to the Financial Ombudsman Service Limited (FOS): Telephone 1300 780 808 (free call from Australia), or by email at email@example.com or in writing to Financial Ombudsman Service, GPO Box 3, Melbourne, VIC 3001, Australia.
FOS is an independent body and is approved by ASIC to consider complaints. In order for a complaint to be considered by FOS, the claim must be less than $500,000 (unless the Responsible Entity and you agree otherwise in writing).
If you are investing through a master trust or wrap account then enquiries and complaints should be directed to the operator of that service, and not to Select.