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 31 May 2026
3 Mths
6 Mths
12 Mths
3 Yrs (p.a.)
5 Yrs (p.a.)
Since Inception (p.a.)
Mutual Income Fund
1.07%
2.33%
5.40%
6.03%
4.23%
3.51%
1.00%
1.91%
3.78%
4.18%
3.03%
2.26%
Bloomberg AusBond Bank Bill Index
Relative Performance
0.07%
0.42%
1.62%
1.85%
1.20%
1.25%
Distributions
APIR
31/03/2026
31/12/2025
30/09/2025
30/06/2025
31/03/2025
PRM0015AU
Mutual Income Fund
0.012748
0.012391
0.012876
0.014926
0.013338
