Mutual High Yield Fund
Investment Objective
Mutual's objective is to source and actively manage a portfolio of fixed interest credit assets with a core focus on structured credit.
Investment Strategy
Targeted portfolio construction is to hold assets with a shorter credit duration to limit capital movements during periods of market volatility
Fund Information
APIR PRM8798AU
Inception Date
Benchmark
Style
February 2019
AusBond Bank Bills
Bank Bills plus 4.50%
Enhanced Credit
Distributions
Quarterly
Performance Target
1
$20,000
Risk Profile
Medium-High
ADI Senior FRN's, ADI Tier 2 FRN's, ABS/RMBS Corporate
Minimum Investment
1.0260% p.a.
Asset Profile
3
Management Fees
2
Buy/Sell Spreads
Interest Rate Duration
Liquidity
Credit Duration Cap
n/a
Low
Daily
5.00 Years
Rating
Lonsec Recommended
Zenith 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
As at 30 September 2025
3 Mths
6 Mths
12 Mths
3 Yrs (p.a.)
5 Yrs (p.a.)
Since Inception (p.a.)
Mutual High Yield Fund
3.22%
4.54%
9.84%
9.76%
7.53%
6.33%
0.92%
1.94%
4.19%
4.05%
2.53%
2.14%
Bloomberg AusBond Bank Bill Index
Relative Performance
2.30%
2.60%
5.65%
5.71%
5.00%
4.19%
Distributions
APIR
30/09/2025
30/06/2025
31/03/2025
31/12/2024
30/09/2024
PRM8798AU
Mutual High Yield Fund
0.017274
0.014943
0.019362
0.022137
0.022401
