SAVE PDS
The Product Disclosure Statement (PDS) explains the fees, tax status and some of the risks.
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The SAVE ETF was issued by Pinnacle and managed by Omega Global Investors and was designed to achieve a 4% annual return by investing in a variety of income-generating securities, such as shares, fixed income and currency exposures. The SAVE ETF was closed/delisted in May 2020.
SAVE had various constraints or maximums which guide what it could invest in and how much to include. Overall, SAVE is exposed to multiple asset classes, including shares (local and global), fixed income (bonds and government securities) and cash. Typically, SAVE held between 80 and 300 shares (40% – 80% of the portfolio), at least 10 investment-grade bonds and less than 10% cash.
As an active ETF, SAVE was marketed as a fund for countering the negative effects of low interest rates and takes less risk than the stock market overall (as measured by Beta). It aimed to ‘smooth’ the returns of investors in this way. Please note, we categorised this active ETF as a multi-asset fund given its active approach to allocations, and its fees and costs.
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*The warnings on this page are applied by our ETF research team. Please know that these warnings are based on quantitative metrics and our internal methodology. These risks are not exhaustive and therefore they should not be relied upon. Always read the PDS of the function and speak to your financial adviser before acting on this information.
The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire any financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.
“Rask Invest” is considered a financial product and has a Product Disclosure Statement (PDS) and Target Market Determination (TMD), issued by InvestSMART. These documents can be accessed on the Rask Invest website. Please seek professional advice before making any investment decision with respect to Rask Invest.
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