Australian Cash Plus Fund (managed fund)

Overview

Fund objective

MMKT aims to generate a yield (before fees and expenses) that exceeds the Bloomberg AusBond Bank Bill Index, paid monthly, from a portfolio of Australian dollar cash and short-term money market securities issued by investment grade entities.

Benefits

A compelling solution for your cash allocation

MMKT has been designed to be a core cash allocation in investment portfolios, providing enhanced yield from cash and money market securities, paid monthly, together with a high degree of capital stability.

Ready liquidity

MMKT offers daily access, and is traded on the ASX with T+2 settlement, meaning investors can obtain attractive income without needing to lock up their money for extended periods.

Exposure to high-quality, short-term securities

MMKT holds cash and Australian dollar denominated money market securities, most of which have three months or less to maturity, issued by investment grade entities.

There are risks associated with an investment in the Fund, including interest rate risk, credit risk, and market risk. Investment in the Fund does not receive the benefit of any government guarantee. Investment value can go up and down. An investment in the Fund should only be made after considering your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

Invest in MMKT with Betashares Direct

Invest in MMKT brokerage-free with a Betashares Direct account. You can also buy or sell MMKT using an online broker or your financial adviser.

Invest with us

Key facts

Profile

Units outstanding* (#)	3,671,361
Management fee and cost** (p.a.)	0.18%
Investment manager	Betashares Capital Ltd
Distribution frequency	Monthly
Distribution reinvestment plan (DRP)	Full or partial participation available
Registry	MUFG Corporate Markets

* As at 17 January 2025
**Certain additional costs apply. Please refer to PDS.

Net assets*

$183,994,449

Pricing information

* Data is delayed by at least 20 minutes.
Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)
NAV	* As at 17 January 2025
NAV/Unit*	$50.12

Download NAV history

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Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Trading information

ASX code	MMKT
Bloomberg code	MMKT AU
IRESS code	MMKT. AXW
Market makers	BNP Paribas Financial Markets SNC

Index information

Index	N/A
Index provider	N/A
Index ticker	N/A
Bloomberg index ticker	N/A

Performance

Fund returns after fees (%)

	Fund	Bloomberg AusBond Bank Bill
1 month	0.42%	0.38%
3 months	1.21%	1.10%
6 months	2.47%	2.25%
1 year	4.87%	4.48%
3 year p.a.	-	-
5 year p.a.	-	-
10 year p.a.	-	-
Since inception (p.a.)	4.84%	4.44%
Inception date	22-Nov-23	-

* As at 31 December 2024.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

Portfolio characteristics

Estimated yield to maturity (% p.a.)info	4.90
Estimated yield to maturity net of fees (% p.a.)info	4.72
Weighted average maturity (WAM) (days)info	69.2
Weighted average life (WAL) (days)info	95.3
Modified duration (yrs)info	0.16
Spread duration (yrs)info	0.22
Number of issuersinfo	48
Number of holdingsinfo	99
Average credit ratinginfo	A-1

* As at 20 January 2025

Holdings and allocation

Portfolio holdings

Top 10

All

Name	Weight (%)
OVERNIGHT CASH	7.2
TAIWAN COOPERATIVE BANK, LTD NCD 04/03/25	2.7
NBN CO LTD CP 15/04/25	2.7
STOCKLAND CP 10/04/25	2.7
BANK OF QUEENSLAND LIMITED FRN 09/12/25	2.2
SHINHAN BANK CO., LTD FRN 29/09/25	2.2
TAIWAN BUSINESS BANK, LTD NCD 28/01/25	2.2
LLOYDS BANKING GROUP PLC FRN 07/03/25	1.9
WESTPAC BANKING CORPORATION TD 13/02/25	1.7
AUSTRALIAN MILITARY BANK LTD TD 13/03/25	1.7

Ticker	Asset Class	Currency	Weight (%)
OVERNIGHT CASH	Overnight Cash	AUD	7.2
TAIWAN COOPERATIVE BANK, LTD NCD 04/03/25	NCD	AUD	2.7
NBN CO LTD CP 15/04/25	CP	AUD	2.7
STOCKLAND CP 10/04/25	CP	AUD	2.7
BANK OF QUEENSLAND LIMITED FRN 09/12/25	FRN	AUD	2.2
SHINHAN BANK CO., LTD FRN 29/09/25	FRN	AUD	2.2
TAIWAN BUSINESS BANK, LTD NCD 28/01/25	NCD	AUD	2.2
LLOYDS BANKING GROUP PLC FRN 07/03/25	FRN	AUD	1.9
WESTPAC BANKING CORPORATION TD 13/02/25	TD	AUD	1.7
AUSTRALIAN MILITARY BANK LTD TD 13/03/25	TD	AUD	1.7
UBS AG FRN 30/07/25	FRN	AUD	1.7
WOORI BANK FRN 20/06/25	FRN	AUD	1.6
RABOBANK AUSTRALIA LIMITED FRN 26/09/25	FRN	AUD	1.6
WESTPAC BANKING CORPORATION TD 20/02/25	TD	AUD	1.1
POLICE BANK LTD TD 15/01/25	TD	AUD	1.1
KIWIBANK LTD FRN 23/09/25	FRN	AUD	1.1
WESTPAC BANKING CORPORATION TD 27/02/25	TD	AUD	1.1
WESTPAC BANKING CORPORATION TD 07/03/25	TD	AUD	1.1
QIC SHOPPING CENTRE FUND FRN 15/08/25	FRN	AUD	1.1
WESTPAC BANKING CORPORATION TD 30/04/25	TD	AUD	1.1
WESTPAC BANKING CORPORATION TD 11/06/25	TD	AUD	1.1
CANADIAN IMPERIAL BANK OF COMMERCE FRN 15/07/25	FRN	AUD	1.1
HUA NAN COMMERCIAL BANK, LTD. NCD 15/01/25	NCD	AUD	1.1
DEXUS WHOLESALE PROPERTY FUN CP 17/01/25	CP	AUD	1.1
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NCD 29/01/25	NCD	AUD	1.1
SCENTRE GROUP TRUST 1/2 CP 05/02/25	CP	AUD	1.1
QUEENSLAND COUNTRY BANK LIMITED NCD 04/02/25	NCD	AUD	1.1
COMMUNITY FIRST CREDIT UNION LIMITED NCD 05/02/25	NCD	AUD	1.1
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NCD 20/02/25	NCD	AUD	1.1
FIRST COMMERCIAL BANK NCD 27/02/25	NCD	AUD	1.1
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NCD 26/02/25	NCD	AUD	1.1
G&C MUTUAL BANK LIMITED NCD 06/03/25	NCD	AUD	1.1
MYSTATE BANK LIMITED NCD 05/03/25	NCD	AUD	1.1
MYSTATE BANK LIMITED NCD 05/03/25	NCD	AUD	1.1
POLICE & NURSES LIMITED NCD 06/03/25	NCD	AUD	1.1
AUSTRALIAN MUTUAL BANK LTD NCD 10/03/25	NCD	AUD	1.1
CREDIT UNION SA LTD NCD 11/03/25	NCD	AUD	1.1
TAIWAN COOPERATIVE BANK, LTD NCD 13/03/25	NCD	AUD	1.1
PACCAR FINANCIAL PTY LTD CP 20/03/25	CP	AUD	1.1
AUSTRALIAN MILITARY BANK LTD NCD 10/04/25	NCD	AUD	1.1
AUSTRALIAN MILITARY BANK LTD NCD 14/04/25	NCD	AUD	1.1
CREDIT UNION SA LTD NCD 17/04/25	NCD	AUD	1.1
FIRST COMMERCIAL BANK NCD 14/04/25	NCD	AUD	1.1
FIRST COMMERCIAL BANK NCD 04/06/25	NCD	AUD	1.1
POLICE & NURSES LIMITED NCD 13/06/25	NCD	AUD	1.1
TAIWAN BUSINESS BANK, LTD NCD 06/05/25	NCD	AUD	1.1
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NCD 10/06/25	NCD	AUD	1.1
CANADIAN IMPERIAL BANK OF COMMERCE NCD 02/07/25	NCD	AUD	1.1
BEYOND BANK AUSTRALIA LIMITED NCD 09/07/25	NCD	AUD	1.1
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NCD 19/06/25	NCD	AUD	1.1
VOLKSWAGEN FINANCIAL SERVICE CP 20/06/25	CP	AUD	1.1
FIRST COMMERCIAL BANK NCD 09/07/25	NCD	AUD	1.1
AUSTRALIAN MUTUAL BANK LTD NCD 16/07/25	NCD	AUD	1.1
OVERSEA-CHINESE BANKING CORPORATION LIMITED FRN 14/04/25	FRN	AUD	0.8
AUSTRALIA & NEW ZEALAND BANK FRN 06/08/25	FRN	AUD	0.8
AUSTRALIAN UNITY BANK LIMITED TD 19/02/25	TD	AUD	0.6
BEYOND BANK AUSTRALIA LIMITED TD 19/03/25	TD	AUD	0.6
WESTPAC BANKING CORPORATION TD 19/03/25	TD	AUD	0.6
POLICE BANK LTD TD 14/04/25	TD	AUD	0.6
BPCE SA FRN 05/06/25	FRN	AUD	0.5
AUSTRALIA & NEW ZEALAND BANK FRN 12/05/25	FRN	AUD	0.5
MACQUARIE GROUP LTD FRN 12/02/25	FRN	AUD	0.5
DEFENCE BANK LIMITED TD 05/05/25	TD	AUD	0.5
POLICE BANK LTD TD 10/06/25	TD	AUD	0.5
BENDIGO AND ADELAIDE BANK LIMITED FRN 18/06/25	FRN	AUD	0.5
POLICE & NURSES LIMITED TD 16/06/25	TD	AUD	0.5
POLICE FINANCIAL SERVICES LIMITED TD 18/06/25	TD	AUD	0.5
POLICE FINANCIAL SERVICES LIMITED TD 03/07/25	TD	AUD	0.5
AUSTRALIAN UNITY BANK LIMITED TD 08/07/25	TD	AUD	0.5
POLICE BANK LTD TD 11/06/25	TD	AUD	0.5
COMMUNITY FIRST CREDIT UNION LIMITED NCD 15/01/25	NCD	AUD	0.5
AMP BANK LIMITED NCD 17/01/25	NCD	AUD	0.5
HUA NAN COMMERCIAL BANK, LTD. NCD 20/01/25	NCD	AUD	0.5
GPT WHOLESALE OFFICE FUND NO CP 21/01/25	CP	AUD	0.5
VOLKSWAGEN FINANCIAL SERVICE CP 22/01/25	CP	AUD	0.5
DEXUS WHOLESALE PROPERTY FUN CP 24/01/25	CP	AUD	0.5
GPT GROUP CP 24/01/25	CP	AUD	0.5
CREDIT UNION SA LTD NCD 10/02/25	NCD	AUD	0.5
INTESA SANPAOLO SPA NCD 17/02/25	NCD	AUD	0.5
BENDIGO AND ADELAIDE BANK LIMITED NCD 21/02/25	NCD	AUD	0.5
INTESA SANPAOLO SPA NCD 27/02/25	NCD	AUD	0.5
GPT GROUP CP 03/03/25	CP	AUD	0.5
GPT WHOLESALE OFFICE FUND NO CP 03/03/25	CP	AUD	0.5
INTESA SANPAOLO SPA NCD 12/03/25	NCD	AUD	0.5
VOLKSWAGEN FINANCIAL SERVICE CP 19/03/25	CP	AUD	0.5
GPT WHOLESALE OFFICE FUND NO CP 03/04/25	CP	AUD	0.5
BANK OF CHINA LIMITED NCD 10/04/25	NCD	AUD	0.5
INTESA SANPAOLO SPA NCD 14/04/25	NCD	AUD	0.5
FIRST COMMERCIAL BANK NCD 11/04/25	NCD	AUD	0.5
VOLKSWAGEN FINANCIAL SERVICE CP 14/04/25	CP	AUD	0.5
B & E LTD NCD 20/04/25	NCD	AUD	0.5
CANADIAN IMPERIAL BANK OF COMMERCE NCD 05/04/25	NCD	AUD	0.5
MYSTATE BANK LIMITED NCD 03/06/25	NCD	AUD	0.5
AMP BANK LIMITED NCD 05/06/25	NCD	AUD	0.5
AMP BANK LIMITED NCD 10/06/25	NCD	AUD	0.5
CREDIT UNION AUSTRALIA LTD NCD 19/06/25	NCD	AUD	0.5
AUSWIDE BANK LTD NCD 02/07/25	NCD	AUD	0.5
MET LIFE GLOB FUNDING I FRN 01/12/25	FRN	AUD	0.3

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* As at 14 January 2025. Excludes cash

Sector allocation

Negotiable certificates of deposit (NCDs)	45.3%
Term deposits (TDs)	17.1%
Floating rate notes (FRNs)	19.5%
Commercial paper (CPs)	12.6%
Overnight cash*	5.4%

* As of 31 December 2024

Maturity breakdown

Under 1 month	22.8%
1 to 3 months	35.1%
3 to 6 months	29.6%
6 to 12 months	12.5%