CT Smith High Yield Fund vs JB Vantage Money Market Fund

CT Smith High Yield Fund is run by CT Smith Asset Management (Pvt) Ltd and JB Vantage Money Market Fund by JB Financial (Pvt) Ltd, so this compares two houses as well as two funds. Both are money market funds licensed by the Securities and Exchange Commission of Sri Lanka, which means they are doing broadly the same job, and the differences below are differences in how each house has chosen to do it.

The two charge almost the same management fee, 0.50% and 0.50% a year. In a category where the funds hold similar instruments, a fee difference is often the largest durable difference between two products; here it is not, so the comparison rests on what each holds and how much its price has moved.

Their 180-day returns are close, +4.26% and +4.27%, which is common between two money market funds holding similar instruments over the same stretch. When returns converge like this, the fee and the price variability below are what actually separate the two over time.

Both have moved by a similar amount, with annualised volatility of 0.65% and 0.72%. For two funds in the same category that is the expected result, and it means neither has taken noticeably more price movement than the other to arrive at its return.

CT Smith High Yield Fund opens at LKR 1,000 where JB Vantage Money Market Fund requires LKR 1,000,000, so for a smaller first investment only one of the two is available at all.

Among the 19 money market funds we price daily, CT Smith High Yield Fund ranks 7th on 180-day return and JB Vantage Money Market Fund 5th, against a category median of +4.18% over the same window. On fee they sit 6th and 6th cheapest of the 19, where the median is 0.50%. On how much the price has moved, CT Smith High Yield Fund is 8th steadiest and JB Vantage Money Market Fund 12th.