Cash Plus Portfolio
ebi’s Liquidity-Focused Discretionary Investment Solution.
A professionally managed, low-volatility portfolio that advisers use on behalf of their clients
as a considered alternative to holding cash on platform.
Cash Plus Overview
Cash Plus is ebi’s discretionary cash management solution, designed to deliver competitive short-term yield, capital stability and short-term liquidity.
The portfolio invests exclusively in:
✔ Sterling-based money market funds
✔ Ultra short-duration bond funds (funds which invest in debt instruments with maturities of less than one or two years)
It does not invest in equities or long-duration fixed income.
Cash Plus targets a gross yield of Sterling Overnight Index Average (SONIA) +0.10%, with a weighted average maturity of approximately 3–4 months to reduce interest rate sensitivity.
The yield target is not guaranteed and may not be achieved. Capital is at risk.
Why Advisers Use Cash Plus
Cash Plus is typically used where clients require:
✔ A solution for short-term capital requirements
✔ A high level of liquidity
✔ A drawdown buffer
✔ A lower-volatility allocation during market uncertainty
It provides a structured alternative to holding cash on a platform, while remaining covered by ebi’s disciplined tolerance-based rebalancing process.
Positioning Within Client Portfolios
Cash Plus is designed as:
A capital
preservation strategy
An investment solution
throughout decumulation
It is not designed for long-term capital growth.
How It Differs from Holding Cash
| Holding Cash on Platform | Cash Plus |
|---|---|
| Yield typically determined by platform | Targeted SONIA-linked yield |
| Not usually subject to a rebalancing strategy | Discretionary oversight and rebalancing services |
| A range of exposure types, which can include concentrated banking exposure | Diversified institutional money market exposure |
| Operational holding account | Structured model portfolio solution |
Cash Plus remains an investment portfolio and does not benefit from FSCS deposit protection applicable to bank deposits.
Risk Profile
Cash Plus is intended for investors with a low attitude to risk.
Because the portfolio invests in short-duration instruments:
• Interest rate risk is reduced
• Duration risk is tightly controlled
• Credit exposure is diversified across high-quality issuers
However:
• Capital is at risk
• Returns are not guaranteed
• Yield will fluctuate with prevailing interest rates
• In stressed market conditions, liquidity & pricing can be affected
The strategy is positioned as low volatility, not risk-free.
Download our Cash Plus Product Profile
Portfolio Construction
There is a single Cash Plus portfolio, as the strategy does not vary by equity exposure or risk profile.
The portfolio:
• Invests in a small number of institutional share class funds
• Maintains a weighted average maturity of approximately 3–4 months
• Uses tolerance-based rebalancing consistent with ebi’s wider portfolio range
• Is monitored by ebi’s investment team
Performance
Between 01/02/2025 and 31/01/2026: the one-year return (gross of platform and adviser fees) was 4.34%.
Performance is net of underlying fund costs and ebi’s DIM fee.
Past performance is not a reliable indicator of future performance.
ESG Considerations
Cash Plus is not structured as a dedicated ESG portfolio. Of the underlying holdings:
• One fund (the Northern Trust Conservative Ultra-Short Select Bond fund) integrates ESG screening and exclusions
• The remaining funds do not apply dedicated ESG criteria
Advisers seeking fully ESG-integrated discretionary solutions should consider ebi’s ESG portfolio range.
Costs
As at 31/01/2026:
• Ongoing Charges Figure (OCF): 0.10%
• Estimated transaction costs: 0.04%
• ebi discretionary management fee: 0.12%
Total estimated portfolio cost (excluding platform and adviser fees): approximately 0.26% per annum.
Costs may change over time.
Suitable For
Cash Plus may be appropriate for:
• Clients with short investment time horizons
• Drawdown clients requiring liquidity
• Investors with low tolerance for volatility
• Advisers seeking a discretionary alternative to platform cash solutions
It may not be suitable for clients seeking long-term capital growth.
Key Risks
• Capital is at risk.
• Returns are not guaranteed.
• The SONIA-linked yield target may not be achieved.
• The portfolio is not a bank deposit and does not benefit from FSCS deposit protection for deposits.
• Underlying fund managers may change investment approach over time.
Advisers should assess suitability based on the client’s objectives, risk tolerance and time horizon.
Disclaimer
The content on this site is created specifically for independent financial advisers and other professionals. Information contained on the following pages should not be used or relied upon by private investors.
The value of investments can go down as well as up and it is possible to get back less than the amount invested. Past performance is not a reliable indicator of future performance.
Factor investing may not be suitable for all clients. 2025 ebi Portfolios Ltd. All rights reserved. Issued by ebi Portfolios Ltd. ebi Portfolios Ltd is authorised and regulated by the Financial Conduct Authority (581079).
Registered in England, Number 07473221. Registered Address: Aurora, Counterslip, Bristol, BS1 6BX Mailing Address: ebi Portfolios, Suite 7, Beecham House, Beecham Business Park, Northgate, Aldridge, West Midlands, WS9 8TZ, United Kingdom