Australian Cash Plus Fund (managed fund)

MMKT

Earn attractive income, paid monthly, from cash and high-quality money market securities.

Invest with us

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 19 June 2024

Profile

Net assets* ($A) $129,319,517
Units outstanding* (#) 2,580,166
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 19 June 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.) 4.85
Estimated yield to maturity net of fees (% p.a.) 4.67
Weighted average maturity (WAM) (days) 73.7
Weighted average life (WAL) (days) 91.6
Modified duration (yrs) 0.17
Spread duration (yrs) 0.21
Number of issuers 52
Number of holdings 81
Average credit rating A-1
As at 20 June 2024

Holdings & allocation

Sector allocation

Negotiable certificates of deposit (NCDs)
39.6%
Term deposits (TDs)
17.4%
Floating rate notes (FRNs)
18.4%
Commercial paper (CPs)
15.5%
Overnight cash*
9.2%

* As of 31 May 2024

Maturity breakdown

Under 1 month
36.1%
1 to 3 months
32.9%
3 to 6 months
22.3%
6 to 12 months
8.6%

* As of 31 May 2024

Performance

Fund returns after fees (%)

  Fund Bloomberg AusBond Bank Bill
1 month 0.41% 0.37%
3 months 1.19% 1.10%
6 months 2.37% 2.19%
1 year - -
3 year p.a. - -
5 year p.a. - -
10 year p.a. - -
Since inception 2.48% 2.29%
Inception date 22-Nov-23 -

* As at 31 May 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'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
3-Jun-24 4-Jun-24 19-Jun-24 $0.205928 -
1-May-24 2-May-24 16-May-24 $0.207046 -
2-Apr-24 3-Apr-24 17-Apr-24 $0.178374 -
1-Mar-24 4-Mar-24 18-Mar-24 $0.187021 -
1-Feb-24 2-Feb-24 16-Feb-24 $0.208238 -
2-Jan-24 3-Jan-24 17-Jan-24 $0.241092 -
2-Jan-24 3-Jan-24 17-Jan-24 $0.241092 -

Announcements

ASX announcements: MMKT

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