First Sentier Active Cash Fund Active ETF (ASX:FSCF): A New Cash Management Option on the ASX

Sonal Goyal

01 September 2026 01:17 PM AEST

First Sentier Active Cash Fund Active ETF (ASX:FSCF): A New Cash Management Option on the ASX

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Key Highlights

FSCF was admitted to the ASX on 7 May 2026, making it one of the more recently listed funds reviewed.
The fund aims to outperform the Bloomberg AusBond Bank Bill index over rolling three-year periods through active management of short-dated, liquid investments.
FSCF's management fee was reported at 0.20% per annum, and its category is classified as Australian Short Term Fixed Interest.
Detailed holdings and asset allocation data had not yet been disclosed at the time of this review, consistent with the fund's early listing stage.

Fund Overview and Objective

FSCF is among the most recently listed funds covered in this review, admitted to the ASX on 7 May 2026 under the Australian Short Term Fixed Interest category. The fund's stated aim is to provide a regular income stream from Money Market securities with a low risk of Capital loss, targeting an outperformance of the Bloomberg AusBond Bank Bill Index over rolling three-year periods before fees and taxes. The management fee was reported at 0.20% per annum.

Investment Strategy

According to the fund's stated approach, FSCF predominantly invests, directly or indirectly, in short-dated, highly liquid investments, with the objective of achieving a stable income stream. This aligns the fund conceptually with other Australian cash and short-term fixed interest products, though FSCF's active mandate differentiates it from passively managed cash ETFs.

Disclosure Status

At the time of this review, several fundamental data points for FSCF, including fund size, units outstanding, beta, Standard Deviation and detailed top-10 holdings, were reported as unavailable. This is a common characteristic of funds in the early months following listing, as reporting builds out over subsequent periods.

Distribution Profile

Distribution figures reported for FSCF showed $0.248 in June 2026, rising to $0.466 in July before falling to $0.312 in August and September, indicating some variability in the fund's early distribution history. The fund's annual Yield was reported at 0.00% at the time of this review.

Conclusion

As a fund still early in its listing history, FSCF's available data points to an actively managed, short-duration cash strategy targeting outperformance of the Bloomberg AusBond Bank Bill Index, though several core disclosure metrics remained unavailable at the time of this review. Its early distribution figures showed some fluctuation between $0.248 and $0.466, and observers following the fund may wish to monitor future reporting periods as more comprehensive portfolio data becomes available.

FAQs

Q: When was FSCF listed on the ASX?

A:FSCF was admitted to the ASX on 7 May 2026.

Q: What is FSCF's investment objective?

A:The fund aims to provide a regular income stream from low-risk money market securities, targeting outperformance of the Bloomberg AusBond Bank Bill Index over rolling three-year periods.

Q: What is FSCF's management fee?

A:The management fee is 0.20% per annum.

Q: Is FSCF actively or passively managed?

A:FSCF is actively managed.

Q: Why is limited data available for FSCF?

A:FSCF was only recently listed, on 7 May 2026, so several disclosure metrics such as fund size and detailed holdings had not yet been published at the time of this review.

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