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 31 December 2025
3 Mths
6 Mths
12 Mths
3 Yrs (p.a.)
5 Yrs (p.a.)
Since Inception (p.a.)
Mutual High Yield Fund
1.57%
4.85%
8.82%
10.56%
8.36%
7.47%
0.90%
1.83%
3.97%
4.11%
2.71%
2.20%
Bloomberg AusBond Bank Bill Index
Relative Performance
0.67%
3.02%
4.85%
6.45%
5.65%
5.27%
Please note, as at 31 December 2025 Mutual Limited has aligned to market standard reporting of performance as the Compounded Annual Growth Rate (CAGR), which reports returns assuming quarterly income is reinvested.
Distributions
APIR
31/12/2025
30/09/2025
30/06/2025
31/03/2025
31/12/2024
PRM8798AU
Mutual High Yield Fund
0.016093
0.017274
0.014943
0.019362
0.022137
