Cboe Funds
Cboe is a trading exchange for various securities, just like the ASX. Both Cboe and the ASX let you buy or sell Australian-listed stocks.
In addition to ASX-listed securities, Cboe also offers additional Cboe Funds. These trade exclusively on the Cboe Market.
Image Source: https://www.cboe.com.au/data/aucx/fundsreports/MonthlyFunds.2022-09.pdf
What are Cboe Funds?
Cboe Funds are split into two categories:
- Exchange Traded Funds (ETFs)
- Quoted Managed Funds (QMFs)
Exchange Traded Funds:
ETFs are passively managed funds that automatically track a specific index. For example, an ETF that seeks to track the S&P/ASX 200 will contain Australia’s 200 largest publicly listed companies. If a company drops out of this list and is replaced by another, the ETF will update to match this new composition.
Quoted Managed Funds:
QMFs have room for more variation compared to ETFs. According to Cboe, “QMFs are funds that are rules based, actively managed or hold only single assets.”
In general:
- ETFs are more passive (they just follow an index).
- QMFs are more active (they may have more human guidance/direction).
Cboe Funds Directory:
- Crypto
- Australian Equities
- International Equities
- Fixed Income - Domestic
- Fixed Income - International
CRYPTO:
Fund Name | Cboe Code | Mgmt Fee | Benchmark | Details |
---|---|---|---|---|
Global X 21Shares Bitcoin ETF | EBTC | 1.25% | Bitcoin | The Fund aims to provide investors with a return that (before fees and expenses) tracks the price of Bitcoin in Australian dollars. |
Monochrome Bitcoin ETF | IBTC | 0.98% | Bitcoin | The fund’s objective is to provide investors with an investment return that tracks the price of bitcoin in Australian dollars (before fees and costs). |
Global X 21Shares Ethereum ETF | EETH | 1.25% | Ethereum | Global X 21Shares Ethereum ETF aims to provide investors with a return that (before fees and expenses) tracks the price of Ethereum in Australian dollars. |
AUSTRALIAN EQUITIES:
Fund Name | Cboe Code | Mgmt Fee | Benchmark | Details |
---|---|---|---|---|
Australian Ethical High Conviction Fund | AEAE | 0.80%, plus 15% benchmark outperformance fee. | S&P/ASX 300 Accumulation Index | The Fund aims to provide long term capital growth and income from focusing on a relatively concentrated portfolio of Australian and NZ companies that meet The Australian Ethical Charter. The fund is typically invested in 20-35 select shares, predominantly from the S&P ASX300, on the basis of their social, environmental and financial credentials. |
AB Managed Volatility Equities Fund | AMVE | 0.55% | S&P/ASX 300 Accumulation Index | The MVE Class implements a managed volatility equities strategy that aims to reduce volatility by identifying, and investing in, high quality listed equity securities that have reasonable valuations, high quality cash flows and relatively stable share prices.The Fund aims to achieve returns that exceed the S&P/ASX 300 Accumulation Index after fees over the medium to long term. |
INTERNATIONAL EQUITIES:
Fund Name | Cboe Code | Mgmt Fee | Benchmark | Details |
---|---|---|---|---|
Global X Fintech & Blockchain ETF | FTEC | 0.69% | Indxx Developed Markets Fintech and DeFi Index | The Fund aims to provide investors with a return that (before fees and expenses) tracks the performance of the Indxx Developed Markets Fintech and DeFi Index. |
MFG Core ESG Fund | MCSE | 0.50% | MSCI World Net Total Return Index (AUD) | The Fund aims to invest in a diversified global equities portfolio of 70-90 companies with sustainable competitive advantages and business models that meet Magellan’s ESG risk assessment process. |
MFG Core International Fund | MCSG | 0.50% | MSCI World Net Total Return Index (AUD) | Invests in a diversified global equities portfolio of 70-90 of the world’s best companies with sustainable competitive advantages. The Fund is constructed using Magellan’s fundamental research to assess a business’s ‘economic moat’, the potential impact or benefits of disruption, value, and key risks and exposures, before overlaying Magellan’s proprietary MFG Core Series scoring framework. |
MFG Core Infrastructure Fund | MCSI | 0.50% | S&P Global Infrastructure Index A$ Hedged Net Total Return | A diversified global equities portfolio of 70-100 stocks that meet Magellan’s proprietary definition of Infrastructure, with a track record of delivering consistent and reliable investment returns whilst protecting capital in adverse markets. MFG Core Infrastructure Fund is actively constructed, systematically managed and continuously monitored. It is the intention to substantially hedge the capital component of the foreign currency exposure of the Fund arising from investments in overseas markets back to Australian Dollars. |
Magellan Sustainable Fund | MSUF | 1.35% | MSCI World Net Total Return Index (AUD) | A portfolio of 20 to 50 high quality global companies within a framework that considers Environmental, Social and Governance (ESG) risks. The Fund has dramatically lower carbon risks than global markets, and is designed to achieve attractive risk-adjusted returns and preserve capital in adverse markets. |
Talaria Global Equity Fund | TLRA | 1.16% | n/a | The Fund employs a long-only, benchmark-unaware and value-oriented approach with a bias on quality. The high conviction portfolio typically consisting of 15-45 stocks is actively managed with an emphasis on capital preservation and reducing downside risk. |
Talaria Global Equity Fund Currency Hedged | TLRH | 1.20% | n/a | The Fund employs a long-only, benchmark-unaware and value-oriented approach with a bias on quality. The high conviction portfolio typically consisting of 15-45 stocks is actively managed with an emphasis on capital preservation and reducing downside risk. |
T8 Energy Vision Active ETF | T8EV | 1.25% | Clean Energy Index | The Fund's investment objective is to seek capital growth over the long term by investing in a concentrated portfolio of clean energy-focused global equities with teh aim of outperforming the Benchmark. |
iShares MSCI World ex Australia Quality ETF | IHQL | 0.28% | MSCI World ex Australia Quality Sector Cap Select Hedged to AUD Net Index | The fund aims to provide investors with the performance of the MSCI World ex Australia Quality Sector Capped Select 100% AUD Hedged Index, before fees and expenses. The index is designed to measure the AUD hedged performance of global, developed market large and mid-capitalisation companies with higher quality characteristics as identified through certain fundamental metrics. |
iShares MSCI World ex Australia Momentum ETF | IMTM | 0.25% | MSCI World ex Australia Momentum Net Index | The fund aims to provide investors with the performance of the MSCI World ex Australia Momentum Index, before fees and expenses. The index is designed to measure the performance of global, developed market large and mid-capitalisation companies exhibiting relatively higher price momentum. |
iShares MSCI World ex Australia Quality ETF | IQLT | 0.25% | MSCI World ex Australia Quality Sector Capped Select Net Index | The fund aims to provide investors with the performance of the MSCI World ex Australia Quality Sector Capped Select Index, before fees and expenses. The index is designed to measure the performance of global, developed market large and mid-capitalisation companies with higher quality characteristics as identified through certain fundamental metrics. |
iShares MSCI World ex Australia Value (AUD Hedged) ETF | IVHG | 0.28% | MSCI World ex Australia Enhanced Value 100% Hedge Index | The fund aims to provide investors with the performance of the MSCI World ex Australia Enhanced Value 100% AUD Hedged Index, before fees and expenses. The index is designed to measure the AUD hedged performance of global, developed market large and mid-capitalisation companies with higher value characteristics as identified through certain fundamental metrics. |
iShares MSCI World ex Australia Value ETF | IVLU | 0.25% | MSCI World ex Australia Enhanced Value Net Index | The fund aims to provide investors with the performance of the MSCI World ex Australia Enhanced Value Index, before fees and expenses. The index is designed to measure the performance of global, developed market large and mid-capitalisation companies with higher value characteristics as identified through certain fundamental metrics. |
JPMorgan Emerging Markets Research Enhanced Index Equity Active ETF | JREM | 0.35% | MSCI Emerging Market Index (Net Return) | To achieve a long-term return in excess of the Benchmark by actively investing primarily in a portfolio of emerging market companies. |
Lazard Global Listed Infrastructure Active ETF | GIFL | 0.98% | Australian Consumer Price Index | To achieve total returns that outperform inflation by 5% per annum over rolling five-year periods by investing in listed companies that own physical infrastructure; have assets predominantly invested in member countries of the Organisation for Economic Cooperation and Development and meet a minimum market capitalisation hurdle at the time of initial purchase. |
FIXED INCOME - DOMESTIC:
Fund Name | Cboe Code | Mgmt Fee | Benchmark | Details |
---|---|---|---|---|
Elstree Hybrid Fund | EHF1 | 0.60% | n/a | The fund invests in 15-40 hybrids and is aimed at investors who want a higher return than bank term deposits and less yield risk than investing in Australian shares. |
Coolabah Active Composite Bond Fund | FIXD | 0.30% | Bloomberg Ausbond Composite 0+ Yr Index plus Management Costs | The Fund seeks to deliver superior risk-adjusted returns to the Bloomberg AusBond Composite Bond Index through harnessing Coolabah’s active credit alpha style that focuses on systematically exploiting mispricings to generate capital gains in addition to yield. It targets returns of 1% to 2% annually in excess of the Bloomberg AusBond Composite 0+ Yr Index, after management fees, over rolling 12 month periods. |
Coolabah Short Term Income Fund |
FRNS | 0.71% | RBA Cash Rate + 1.5% | The Coolabah Short Term Income Fund (Managed Fund) 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. It actively invests in a portfolio of Australian cash securities and bonds, including government bonds, bank and corporate bonds, and hybrid securities, that are hedged to a floating-rate exposure. It targets returns in excess of the RBA cash rate plus 1.5% to 3.0% per annum, after management fees and costs, over a rolling 12 month period |
Daintree Core Income Fund | ECOR | 0.45% | RBA Cash Rate | The Fund aims to provide Investors a steady stream of income and capital stability over the medium term, by investing in a diversified portfolio of fixed income securities, credit and cash, and to provide a total return (after fees) that exceeds the RBA Cash Rate measured within a market cycle. |
Janus Henderson Tactical Income Active ETF | TACT | 0.45% | Bloomberg AusBond Bank Bill Index and Bloomberg AusBond Composite 0+ Yr Index (equally weighted) | The Janus Henderson Tactical Income Active ETF (CXA:TACT) offers access to a diversified f ixed income solution with the ease of a single transaction, whilst delivering the transparency and flexibility of a listed product. |
FIXED INCOME - INTERNATIONAL:
Fund Name | Cboe Code | Mgmt Fee | Benchmark | Details |
---|---|---|---|---|
JPMorgan Income Active ETF |
JPIE | 0.50% | Bloomberg US Aggregate Bond Index (Total Return Gross) | The fund is a high conviction fixed income strategy with a focus on generating consistent, distributable income in a risk-managed way. It leverages a team-based approach managed by an experienced portfolio management team of Andrew Norelli, Andrew Headley & Thomas Hauser. They have the support and expertise of the entire Global Fixed Income, Currency & Commodities platform with 290+ investment professionals. Their diversified approach aims to provide attractive yield with lower volatility relative to many other extended fixed income sectors. As rates rise, they have the flexibility to adjust the portfolio to mitigate declining bond prices. Depending on the fund’s objective, managers may have the flexibility to upgrade credit quality, increase liquidity profile and capture yield by allocating to other sectors of the fixed income market. |
Schroder Absolute Return Income | PAYS | 0.45% | RBA Cash Rate | The Fund aims to outperform the RBA Cash Rate after fees over the medium term while aiming to avoid negative returns over any rolling 12-month period. |
ActiveX Kapstream Absolute Return Income Fund | XKAP | 0.55% | RBA Cash Rate | The Fund is managed by Kapstream Capital with an aim to balance the interests of capital preservation with the generation of consistent and stable income, and unconstrained in sourcing the most compelling fixed income investment opportunities in Australia and around the world, according to Kapstream Capital’s global macroeconomic views. The Fund is designed to deliver a steady stream of income and capital stability and sit in the defensive allocation of a portfolio, the Fund can help diversify equity and traditional fixed income exposures, and can be used to complement cash exposures. |
JPMorgan Global Bond Active ETF | JPGB | 0.45% | Bloomberg Global Aggregate Index (Total Return Gross) | To achieve a return in excess of global bond markets. |
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