Key Highlights

  • The fund aims to provide a regular income stream from Money Market securities with a low risk of Capital loss.
  • The fund aims to outperform the Bloomberg AusBond Bank Bill index before fees and taxes over rolling three-year periods.
  • The management fee is 0.20%, and the listing shows no annual yield.
  • The listing does not show a breakdown of holdings or sector weightings.

First Sentier Active Cash Fund Active ETF (ASX:FSCF) is an actively managed cash fund that aims to provide a regular income stream from investments in money market securities with a low risk of capital loss. The units were listed at $100.54, and the management fee is 0.20%. The fund was admitted to the ASX on 7 May 2026, and its strategy is to invest predominantly in short-dated, highly liquid investments.

Ticker

ASX:FSCF

Listed price

$100.54

Management fee

0.20%

Benchmark

Bloomberg AusBond Bank Bill TR AUD

Category

Australian Short Term Fixed Interest

Admitted to ASX

7 May 2026

Investment approach

The fund's strategy is to invest directly or indirectly in short-dated, highly liquid investments with the aim of achieving a stable income stream. Its objective is to outperform the Bloomberg AusBond Bank Bill Index before fees and taxes over rolling three-year periods.

The listing does not show the holdings, sector weightings or geographic exposure, so the portfolio cannot be broken down from the listing alone.

Income and costs

The management fee is 0.20%. The listing shows no annual yield, although the fund makes regular distribution announcements. Income will track short-term money market rates, and the distribution amount can change as those rates move.

Risks to weigh

Cash-style funds carry lower risk than bond or Equity funds, but the objective of low capital loss risk is not a guarantee. Credit risk arises from the bank and corporate paper held, and the active approach means results can fall short of the benchmark. The fund's short listing history gives limited information on how it behaves through a full cycle.

Final Word

The First Sentier Active Cash Fund Active ETF aims for a stable income stream from short-dated money market securities, with an objective to beat the bank bill benchmark. Its listing gives little detail on holdings, so investors should review the fund's disclosure documents before weighing it.