Mutual Income Fund
Investment Objective
To provide investors a high level of capital preservation and to outperform the Bloomberg AusBond Bank Bill Index, generating net returns to investors in excess of cash alternatives.
Investment Strategy
To actively manage a portfolio of debt instruments offered by Authorised Deposit-Taking Institutions (ADI's), with a minimum of 60% invested with Big 4 Banks.
Fund Information
APIR PRM0015AU
Inception Date
Benchmark
Style
April 2013
Bloomberg AusBond Bank Bill Index
Bank Bills plus 1.20%
Enhanced Cash
Distributions
Quarterly
Performance Target
1
$20,000
Risk Profile
Low-Medium
ADI Senior FRN's, ADI Tier 2 FRN's, Min 60% Big 4 banks, Max 40% Regional Banks
Minimum Investment
0.3905% p.a.
Asset Profile
3
Management Fees
2
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 Bloomberg AusBond Bank Bill Index.
2 Including GST and net of Reduced Input Tax Credits
3 Australian ADI (Authorised Deposit-Taking Institutions); FRN (Floating Rate Note)
Performance
As at 30 September 2026
3 Mths
6 Mths
12 Mths
3 Yrs (p.a.)
5 Yrs (p.a.)
Since Inception (p.a.)
Mutual Income Fund
1.15%
2.67%
4.81%
5.80%
4.50%
3.55%
1.11%
2.20%
4.06%
4.22%
3.34%
2.32%
Bloomberg AusBond Bank Bill Index
Relative Performance
0.04%
0.47%
0.75%
1.58%
1.16%
1.23%
Distributions
APIR
30/09/2026
30/06/2026
31/03/2026
31/12/2025
30/09/2025
PRM0015AU
Mutual Income Fund
0.013292
0.014864
0.012748
0.012391
0.012876
