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 30 September 2025
3 Mths
6 Mths
12 Mths
3 Yrs (p.a.)
5 Yrs (p.a.)
Since Inception (p.a.)
Mutual Income Fund
1.82%
2.88%
5.68%
5.82%
3.62%
2.96%
0.92%
1.94%
4.19%
4.05%
2.53%
2.18%
Bloomberg AusBond Bank Bill Index
Relative Performance
0.90%
0.94%
1.49%
1.77%
1.09%
0.78%
Distributions
APIR
30/09/2025
30/06/2025
31/03/2025
31/12/2024
30/09/2024
PRM0015AU
Mutual Income Fund
0.012876
0.014926
0.013338
0.012309
0.014766
