Australian Cash Plus Fund (managed fund)
- Cash & Fixed income
Earn attractive income, paid monthly, from cash and high-quality money market securities.
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 of MMKT
-
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.
How to invest
- You can buy or sell units just like any share on the ASX.
- Fund requires no minimum investment.
Key facts
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
* Data is delayed by at least 20 minutes.
| NAV | |
|---|---|
| NAV/Unit* | $50.12 |
* As at 20 November 2024
Profile
| Net assets* ($A) | $211,071,130 |
|---|---|
| Units outstanding* (#) | 4,211,027 |
| 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 | Link Market Services |
* As at 20 November 2024
* As of close of previous day**Certain additional costs apply. Please refer to PDS.
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 |
Portfolio characteristics
| Estimated yield to maturity (% p.a.) | 4.90 |
|---|---|
| Estimated yield to maturity net of fees (% p.a.) | 4.72 |
| Weighted average maturity (WAM) (days) | 48.8 |
| Weighted average life (WAL) (days) | 76.1 |
| Modified duration (yrs) | 0.11 |
| Spread duration (yrs) | 0.17 |
| Number of issuers | 50 |
| Number of holdings | 107 |
| Average credit rating | A-1 |
Holdings & allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| OVERNIGHT CASH | 6.1% |
| STOCKLAND CP 12/03/24 | 2.5% |
| NBN CO LTD CP 18/12/24 | 2.5% |
| TAIWAN COOPERATIVE BANK, LTD NCD 04/03/25 | 2.5% |
| SHINHAN BANK CO., LTD FRN 29/09/25 | 2.0% |
| TAIWAN BUSINESS BANK, LTD NCD 28/01/25 | 2.0% |
| LLOYDS BANKING GROUP PLC FRN 07/03/25 | 1.8% |
| WESTPAC BANKING CORPORATION TD 13/02/25 | 1.5% |
| WOORI BANK FRN 20/06/25 | 1.5% |
| AGRICULTURAL BANK OF CHINA LIMITED FRN 29/11/24 | 1.5% |
* As at 20 November 2024. Excludes cash
Sector allocation
| Negotiable certificates of deposit (NCDs) | 42.2% |
|---|---|
| Term deposits (TDs) | 16.5% |
| Floating rate notes (FRNs) | 14.0% |
| Commercial paper (CPs) | 21.2% |
| Overnight cash* | 6.1% |
* As of 31 October 2024
Maturity breakdown
| Under 1 month | 27.5% |
|---|---|
| 1 to 3 months | 30.3% |
| 3 to 6 months | 32.7% |
| 6 to 12 months | 9.5% |
* As of 31 October 2024
Performance
Fund returns after fees (%)
| Fund | Bloomberg AusBond Bank Bill | |
|---|---|---|
| 1 month | 0.42% | 0.37% |
| 3 months | 1.24% | 1.10% |
| 6 months | 2.45% | 2.22% |
| 1 year | - | - |
| 3 year p.a. | - | - |
| 5 year p.a. | - | - |
| 10 year p.a. | - | - |
| Since inception | 4.56% | 4.17% |
| Inception date | 22-Nov-23 | - |
* As at 31 October 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.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| Distribution frequency | Monthly |
|---|---|
| 12 mth distribution yield* | - |
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.