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
AusBond Bank Bills
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 Bank Bill Swap Rate.
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 January 2026
3 Mths
6 Mths
12 Mths
3 Yrs (p.a.)
5 Yrs (p.a.)
Since Inception (p.a.)
Mutual Income Fund
1.16%
2.80%
5.44%
6.21%
4.09%
3.50%
0.91%
1.83%
3.89%
4.12%
2.77%
2.22%
Bloomberg AusBond Bank Bill Index
Relative Performance
0.25%
0.97%
1.55%
2.09%
1.32%
1.28%
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
PRM0015AU
Mutual Income Fund
0.012391
0.012876
0.014926
0.013338
0.012309
