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| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
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| Latest 24 Months | |
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| Inception Date | |
| FUM (millions) | |
| Fund Overview | The fund may also invest in interest rate swaps, options over authorized investments and exchange traded futures contracts. All these will be either listed or traded in a market where they can be independently valued. Fundamental to the investment procedure is the tenet that no debt security will qualify for investment unless it can repay 100% of its principal and interest in a worst case economic scenario. |
| Manager Comments | The Funds returns in November were negatively affected by weakness in the US and Australian corporate debt market where the Fund has 26.76% of its assets. The Fund Manager believes this weakness to be a short term phenomena and that these market prices were affected more by sentiment than actual credit risk metrics. The overriding sentiment effecting market prices during November was due to the weakness in commodity prices. The Fund is confident that the investments made in the underlying assets are sound. More than half of the portfolio's composition (as a percentage of NAV) was invested in Residential Mortgage-Backed Securities (RMBS) 62.93%. The rest of the portfolio composition was in USD Corporate Loans at 22.25%, Cash at 10.31% and AUD Corporate Loans at 4.51%. Click below to view the latest Fund Manager Report. |
| More Information |
