Coolabah FRNS ETF (Cboe:FRNS)

Coolabah Short Term Income Fund

Australian

About the FRNS ETF

FRNS applies a diverse array of quantitative asset pricing techniques, FRNS’s portfolio managers add-value through exploiting bond mispricings that seek to generate capital gains over and above the yield provided by the underlying fixed-income assets. No leverage.

FRNS ETF Performance Review

5.84

4.45

3.2

3.14

5.28

Data Current To: 28/02/2025

Our review of FRNS ETF

Floating rate investments

Near zero duration strategy

Low risk strategy, high quality portfolio

What we like about the FRNS ETF

Daily liquidity

Returns exceed benchmark

Things to be aware of about the FRNS ETF

Performance fee of 22.5% of returns over RBA cash + 1.5% pa

No split by credit rating

No yield to maturity provided

FRNS ETF Investment Strategy

FRNS aims to actively exploit mispricings in cash and bond markets to generate daily liquidity returns that exceed a target of the RBA cash rate plus 1.5% to 3.0% pa after all fees with an average A credit rating and near-zero interest rate duration risk.

What does the FRNS ETF Invest In?

FRNS is a Multi Sector ETF.

FRNS invests in a diversified portfolio of Australian deposits, investment grade floating-rate notes and hybrid securities with a weighted-average “A” credit rating. We do not invest in fixed-rate bonds (unless interest rate risk is hedged), direct loans, use leverage, or take currency risk.

FRNS ETF Credit Quality

The average credit quality of the FRNS ETF is A+.

FRNS Frequently Asked Questions

What index does the FRNS ETF aim to replicate?

The FRNS ETF aims to replicate the RBA Cash Rate.

How often does FRNS ETF pay distributions?

The distribution frequency of FRNS is Quarterly.

When did the FRNS ETF start?

The inception date of the FRNS ETF was 08/10/2014.

What are the number of holdings in the FRNS ETF?

Total number of holdings in FRNS is 177 as of 28/02/2025.

What are the management fees for the FRNS ETF?

The annual management fees for the FRNS ETF are 0.69% p.a. Learn more about ETF fees in this article.

How can I invest in the FRNS ETF?

FRNS is an Exchange Traded Fund, and units may be bought or sold on the Cboe like shares. Learn how to buy and sell ETFs in this article.

Does the FRNS ETF have a minimum investment amount?

No, there is no minimum to invest in the Coolabah Capital Investments (CCI) FRNS ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the FRNS ETF?

No, FRNS has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.

About The Issuer Of The FRNS ETF: Coolabah Capital Investments (CCI)

Coolabah Capital Investments (CCI) is a leading global active fixed-income manager with over $14 billion in funds under management that is responsible for numerous institutional mandates, the Smarter Money Investments’ product suite, the Coolabah Active Composite Bond Complex ETF (CBOE: FIXD), the Coolabah Short Term Income Active ETF (CBOE: FRNS), the Coolabah Global Floating-Rate High Yield Complex ETF (CBOE: YLDX) and the BetaShares Australian Hybrids Active ETF (ASX: HBRD).