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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

$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 Recommended

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 

-

Unit Prices

Net Asset Value

PRM8256AU

Mutual Credit Fund

Distributions

APIR

PRM8256AU

Mutual Credit Fund

Platform Availability

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