Managed Funds


Cash Funds October 2017

Cash fund performance

The overnight cash rate was unchanged at 1.50% through October and 90 day bank bill rates dropped 2bps to 1.69%. The UBS Cash Fund produced the highest return for the month in this sector for a second month in a row. It returned 0.14% while BT’s Premium Cash fund’s returned 0.13% and IOOF’s Cash Management Trust had the third highest return of 0.11%.

Over the twelve months to October 2017, the funds in the top three rankings were again unchanged when compared to September’s rankings. IOOF’s fund was the best performer with a twelve month return of 1.85%, followed by the UBS Cash fund’s 1.71% and then BT’s Premium Cash fund with 1.62%.

The benchmark Bloomberg AusBond Bank Bill index returned 0.15% over October, 1.76% for 1 year and 2.39% (annualised) over 5 years. IOOF’s fund has under-performed the index in recent months but it out-performed in all other time periods. No other funds in the survey outperformed in any of the time periods.


AUSTRALIAN CASH FUNDS1m (%)3m (%)1y (%)3y (%)5y (%)
Adelaide Cash Management Trust0.
BT Premium Cash0.13n/a1.621.922.19
CFS Cash Management Trust0.050.170.831.161.50
CFS Premier Cash Management Trust0.
IOOF Cash Management Trust0.110.391.852.232.55
Perpetual Cash Management0.060.200.861.171.45
UBS Cash0.140.401.712.032.33

Enhanced cash fund performance

Prime Value Cash Plus Fund returned 0.39% in October to make it the highest–returning fund in this sector of the YieldReport survey. MLC’s Wholesale Horizon 1 Bond Portfolio returned 0.32% which placed it second in the monthly rankings while Smarter Money’s Active Cash Fund was just behind with 0.30%.All three funds exceeded the 0.15% return produced by the Bloomberg AusBond Bank Bill index and all of them exceeded the Bloomberg AusBond FRN index return of 0.29%.

In terms of performance over the twelve months to October 2017, Prime Value’s Cash Plus Fund retained its position as best-performing fund in this sector. Prime Value’s fund returned 4.74% while Mutual’s MIF also retained its September ranking with a return of 3.49% and Perpetual’s High Grade Treasury Fund returned 3.34%. The Bloomberg AusBond Bank Bill and FRN indices returned 1.76% and 3.36% respectively over the same period.


1m (%)3m (%)1y (%)3y (%)5y (%)
AMP Capital Managed Treasury0.160.451.962.202.52
Antares Income Fundmfund0.270.752.722.79N/A
Australian Ethical Cash Trust0.160.391.681.702.43
BT Enhanced Cash0.240.662.582.192.56
BT Wholesale Enhanced Cash0.280.803.142.753.13
Dimensional Short Term Fixed Interest0.210.441.882.192.43
Fiducian Capital Safe0.150.431.842.002.43
IOOF MultiMix Cash Enhanced Trust0.240.582.442.513.03
Legg Mason Western Asset Cash Plus A0.200.572.622.623.13
MLC Wholesale Horizon 1 Bond Portfolio0.320.562.322.472.69
Henderson Cash Enhanced Trust0.230.632.712.683.22
Perpetual High Grade Treasury0.300.753.343.153.87
Prime Value Cash Plus Fund0.390.994.743.96n/a
Sandhurst Strategic Income A0.230.582.542.604.05
Smarter Money Active Cash Fund0.300.652.963.163.74
UBS Cash Plus0.240.572.452.552.87
UCA Enhanced Cash Portfolio0.210.622.633.003.52
Vanguard Cash Reserve0.150.411.742.032.28
Vanguard Cash Plus0.240.512.122.332.48
Bloomberg AusBond Bank 0+Y TR AUD0.150.431.762.112.39

*End of October 2017. Return in AUD after fees.

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