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| Latest Return | |
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| 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 | Interest income and position in the US Treasury Note Exchange Traded Options contributed positively to the Fund's performance. However, the value of some Residential Mortgage Backed Securities (RMBS) and Collateralised Corporate Loan Obligations (CLO) Mezzanine securities fell, detracting from the Fund's returns. More than half (53.38%) of the portfolio's composition (as a percentage of NAV) was invested in the Australian Residential Mortgage-Backed Securities (RMBS). The rest of the portfolio held USD Corporate Loans at 23.52% and AUD Corporate Loans at 4.64%. Cash was increased from the prior month to 18.14%. Click below to view the latest Fund Manager Report. |
| More Information |
