Mutual Credit Fund
Investment Objective
Mutual’s objective is to source and actively manage a portfolio of fixed interest credit assets across APRA regulated entities, structured assets and corporates.
Investment Strategy
Targeted portfolio construction is to hold assets with a shorter credit duration to ameliorate periods when risk assets sell-off. Mutual manages interest rate risk by predominately investing in assets that reset their reference rate every 30 or 90 days.
Fund Information
APIR PRM8256AU
Inception Date
Benchmark
Style
February 2020
AusBond Bank Bills
Bank Bills plus 2.20%
Credit
Distributions
Quarterly
Performance Target
1
$20,000
Risk Profile
Low-Medium
ADI Senior FRN's, ADI Tier 2 FRN's, ABS/RMBS Corporate >80% Investment Grade
Minimum Investment
0.4930% p.a.
2
Asset Profile
Management Fees
3
Buy/Sell Spreads
Interest Rate Duration
Liquidity
Credit Duration Cap
n/a
Low
Daily
2.50 Years
Rating
Zenith Recommended
Lonsec Investment Grade
1 After Fees, per annum. Bank Bill measured by the Bank Bill Swap Rate.
2 Including GST and net of Reduced Input Tax Credits
3 ADI (Authorised Deposit-Taking Institutions); FRN (Floating Rate Note); ABS (Asset-backed Security); and RMBS (Residential Mortgage-backed Security)
Performance
3 Mths
6 Mths
12 Mths
3 Yrs (p.a.)
5 Yrs (p.a.)
Since Inception (p.a.)
Mutual Credit Fund
-
-
Bloomberg AusBond Bank Bill Index
Relative Performance
-
Distributions
APIR
PRM8256AU
Mutual Credit Fund
