Key Highlights

  • FSCF aims to provide a regular income stream from Money Market securities with a low risk of Capital loss.
  • The fund invests mainly in short-dated, highly liquid investments such as bank deposits and bank bills.
  • Management fees are 0.20% a year, with an interim distribution of A$0.294.
  • The fund traded at A$100.47 in the 5 November 2026 session, unchanged.

The First Sentier Active Cash Fund Active ETF (ASX:FSCF) is an actively managed cash-style fund listed on the ASX. Its aim is a steady income stream from short-dated money market securities, with a low risk of capital loss. The unit price was unchanged at A$100.47 during the 5 November 2026 session, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$100.47, unchanged

Management fees and costs

0.20% a year

Last distribution

A$0.294 interim, ex-date 2 November 2026

Benchmark

Bloomberg AusBond Bank Bill TR AUD

Admitted to ASX

7 May 2026

What the fund is

FSCF is an exchange-traded fund that is actively managed to provide a regular income stream from money market securities. Units trade on the ASX during market hours, and the unit price reflects the value of the underlying securities and Demand for units.

The fund's objective is to provide income with a low risk of capital loss. It seeks to outperform the returns of Australian money markets, as measured by a bank bill index, before fees and taxes over rolling three-year periods.

What the portfolio holds

The fund invests predominantly, directly or indirectly, in short-dated, highly liquid investments. These include bank deposits and bank bills, as well as high-quality corporate Debt and asset-backed securities. The overall Maturity is expected to be less than two years.

Keeping maturities short limits the fund's sensitivity to Interest Rate changes, which is central to its low-risk design. The Investment strategy aims for a stable income stream rather than the growth that longer-dated Assets might offer.

Income and costs

The most recent distribution was an interim payment of A$0.294, with an ex-date of 2 November 2026 and payment on 16 November 2026. The ASX page does not show an annual yield, so investors should look at the distribution pattern over time, since money market income moves with short-term rates.

Management fees and costs are 0.20% a year. Because cash-style income is modest, the fee has a proportionally larger effect on the net return than it would for a higher-yielding product.

What to understand before investing

A cash-style fund is not risk-free. Its value depends on the Credit quality of the securities it holds, and the income it pays will fall if short-term rates decline. Its unit price can also differ slightly from the underlying value, particularly in stressed markets.

The fund aims for a low risk of capital loss, but it is not a bank deposit and is not guaranteed. Investors should consider how a money market fund fits with their savings, their need for Liquidity and their other investments.

Comparing with a term deposit

A term deposit pays a fixed rate for a set period, while FSCF pays a variable income and can be sold on the ASX at any time. Investors comparing the two may look at the net Yield after fees, the liquidity they need and the credit risk they are prepared to hold.

Final Word

FSCF is designed for investors seeking a regular, cash-style income from money market securities. Its active management aims to add value over the money market benchmark while keeping capital risk low.