This exchange-traded fund (ETF) is designed to provide investors with exposure to a diversified portfolio of high-quality, short-term money market instruments. Primarily investing in Australian dollar-denominated assets, it focuses on achieving a return that closely matches the performance of a widely-recognized benchmark for Australian cash. The fund achieves this by allocating its holdings to a range of very short-term fixed income securities, such as bank certificates of deposit, commercial paper, and floating rate notes. These instruments typically mature in a matter of days or weeks, resulting in a very low level of credit risk and interest rate sensitivity. Consequently, the fund offers a relatively stable and liquid investment option, suitable for investors seeking a cash-like return with minimal volatility. It's often utilized as a place to park funds while waiting for other investment opportunities or as a defensive component in a broader portfolio. Due to its low-risk nature, the potential for capital appreciation is limited, with returns primarily derived from the interest generated by its underlying holdings. The ETF's structure allows investors to buy and sell units on the stock exchange during trading hours, providing flexibility and ease of access. Overall, this fund seeks to mirror the performance of a cash benchmark with minimal deviation, making it a core holding for investors prioritizing capital preservation and liquidity.