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    ECAS December Monthly Report & Update

    Overview
    • ECAS has a positive month in December, driven by income receipts and some outperformance from credit assets
    • ECAS had a distribution of $0.050 in December 2019
    Performance
    Month (%)Quarter (%)1 Year (% p.a.)Since Inception* (%)
    eInvest Cash Booster Fund (ECAS)0.110--0.150
    RBA Cash Rate0.060-0.099
    Excess Return0.050--0.051

    ^Inception date for the eInvest Cash Booster Fund was 12 November 2019. Performance shown above are net of fees. Fund returns are calculated using net asset value per unit of the underlying fund at the start and end of the specified period and do not reflect the brokerage or the bid/ask spread that investors incur when buying and selling 

    Performance

    EMAX Fund and Investment Objective 

    ECAS is an alternative to term deposit investments and provides investors with regular monthly income. ECAS invests in APRA regulated Authorised Deposit Taking Institutions as well as a range of high quality, investment-grade bonds and floating rate notes.

    ECAS aims to provide investors a high level of capital stability over the short term, by investing in a diversified portfolio of cash and short-term money market and fixed income securities, and to provide a total return (after fees) that exceeds the RBA Cash Rate by 50 basis points measured annually.

    Key Statistics  
    • Modified duration: 0.25
    • Portfolio Yield: 1.45
    • Average Credit Quality: A-
    • Management Cost: 0.15% (incl of GST and RITC)
    • Inception Date: 12 November 2019
    • Monthly Cash Income: ECAS had a distribution of $0.050cpu in December 2019

     

    To read more about eInvest Cash Booster Fund (Managed Fund) Code: ECAS, click here.

    Keen to learn more? Read why Active managers tend to outperform passive fixed income managers.

    Past performance is not a reliable indicator of future performance. Please read the PDS prior to investing. This information is general in nature and is subject to the terms and conditions outlined here.