Key takeaways

• We are officially launching Cash Smart Ultra, in addition to our existing Core & Enhanced offerings, to provide maximum yield opportunity to our investors.
• Previously, we had presented an option to create an “Ultra” portfolio on the Endowus Fund Smart platform for clients to supplement their cash management needs. However, with this launch we are upgrading the portfolio and making it even easier for clients to target the highest achievable cash yields.
• The new Cash Smart Ultra will be a dynamically managed solution that will always target the highest yield from a combination of carefully selected short duration fixed income funds and money market funds, and will target 1.8~2.0% yield—the highest in the market among cash management accounts.
• We are also revising the projected net yield for Cash Smart Core upwards to 0.8 ~ 1.0% and for Cash Smart Enhanced to 1.2% ~ 1.5%. All Endowus Cash Smart solutions are generating better-than-expected performance results driven by both yield and returns.