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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

$20,000

Risk Profile

Medium

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

0.25% sell spread

Low

Daily

5.00 Years

Rating

SQM Four Stars

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 High Yield Fund 

-

-

Bloomberg AusBond Bank Bill Index

Relative Performance 

-

Unit Prices

Net Asset Value

PRM8798AU

Mutual High Yield Fund

The Net Asset Value does not include a sell spread of 0.25% on redemptions that is calculated at withdrawal. Refer page 5 of the PDS. 

Distributions

APIR

PRM8798AU

Mutual High Yield Fund

Platform Availability

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