ExtrasJar Fund – Half Year Update

As we past the half way point of the first year of the ExtrasJar Fund, the ExtrasJar team provide an update on the ExtrasJar Fund, what we have invested in so far, and an update on how the fund is performing.

It’s been a big first half year for the ExtrasJar Fund. We have been putting your savings to work, the 180-day investment return is 5.73%*.

If you’re a Health or Pet extras Account holder, congratulations on building your nest egg for your well being. We take the hassle out of investing and are looking forward to celebrating the fund turning one later this year.

About the ExtrasJar Fund

The ExtrasJar Managed Investment Scheme is a fund registered with the Australian Securities and Investments Commission. The official Australia Registered Scheme Number (ARSN) for the ExtrasJar Fund is 660 982 507. Our mandate is to invest in cash and cash equivalents and Exchange-Traded Fund (ETFs). 

We use Modern Portfolio Theory (MPT) as the underlining model for our investment decisions. MPT was developed by Harry Markowitz, a Nobel Prize-winning American economist. We also consider range of additional factors such as liquidity, size and sustainability to name a few. 

What we have invested in so far

We have carefully selected a series of ETFs using MPT alongside our additional selection criteria. An ETF is an open-ended investment fund, similar to a traditional managed fund, but which can be bought or sold like any share on the Australia Stock Exchange. The main ETFs currently in the portfolio include:

  • ASX: AAA – Betashares’ AAA aims to provide exposure to Australian cash deposits, with attractive monthly income distributions that exceed the 30-day Bank Bill Swap Rate (BBSW) (after fees and expenses). Assets are invested in deposit accounts held with selected banks in Australia.

  • ASX: VGAD – The Vanguard MSCI Index International Shares (Hedged) ETF seeks to track the return of the MSCI World ex-Australia (with net dividends reinvested), hedged into Australian dollars Index, before taking into account fees, expenses and tax.

  • ASX: IVV – The iShares S&P 500 ETF aims to provide investors with the performance of the S&P 500® Index, before fees and expenses. The index is designed to measure the performance of large capitalisation US equities.

  • ASX: IAF – The iShares fund aims to provide investors with the performance of the Bloomberg AusBond Composite 0+ Yr IndexSM, before fees and expenses. The index is designed to measure the performance of the Australian bond market and includes investment grade fixed income securities issued by the Australian Treasury, Australian semi-government entities, supranational and sovereign entities and corporate entities.

How is the ExtrasJar fund performing?

Weekly unit pricing officially commenced on 11th November 2022. The 180-day return is 5.73%*. Pat yourself on the back if you’ve set up a plan already. We will continue to use our smartest minds to put your money to work so you have more time to invest your well being.

You can find out more on our investment page or view our support hub for more information such as common FAQs.

Any advice in this article in general in nature and does not take into account your personal circumstances. Please read the Product Disclosure Statement and Target Market Determination to consider if the product is right for you. 

Investments in the ExtrasJar Funds are subject to investment risk and the value of units may go up and down. The performance the ExtrasJar Fund is not guaranteed by ExtrasJar or any other person. Past performance is not indicative of future performance.

 *180-day return is as at 14th June 2023.

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