SAVE PDS
The Product Disclosure Statement (PDS) explains the fees, tax status and some of the risks.
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.
7 Aug 2020 | ||
Price | $39.30 |
7 Aug 2020 |
7 Aug 2020 |
ETF share prices are updated using end of day data from the ASX. FUM, fee and spread data is updated monthly, with a delay. Refer to the ETF’s PDS and the ASX website for up-to-date information.
This chart shows the yearly performance of the chosen ETF to key asset classes of Aussie shares (ASX: VAS) and US shares (ASX: IVV). You can use this chart to visualise how the ETF responds to different market environments. We recommend using a 5+ year time horizon for comparisons. The chart compares price return only.
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.
The Best ETFs technical analysis chart pack shows the 12-month share price movements, Stochastic bands and traded volume (for both up and down days). This chart uses end-of-day data, so it’s for illustrative purposes only.
*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.
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