Mutual Credit Fund

APIR: PRM8256AU

Performance

1
Year

3
Year

5
Year

Since Inception

1.20

Running Yield

2.10

Yield To Maturity

1.78

Data Current To: 31/08/2020

Information

Issuer:
Sector:
Index:
Bloomberg AusBond Bank Bill Index
Inception Date: 21/02/2020
Strategy: MutualÕs objective is to source and actively manage a portfolio of fixed interest credit assets across, ADIs, corporates and structured finance. Targeted portfolio construction is to hold assets with a shorter credit duration to ameliorate periods when risk assets sell-off. Mutual manages interest rate risk by predominately investing in assets that reset their reference rate every 30 or 90 days.

Details

Management Costs: 0.48% p.a.
Minimum Initial Amount: $20000
Income Distribution: Quarterly
Fund Size: $405m (AUD)
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Luke Greensill
Luke is the Chief Technical Officer of Fixed Income News Australia. He is responsible for FINA's design and development, fund finder functionality, and is the producer of the Fixated podcast. Luke is Head of Marketing at communications, content and creative agency RGC Media & Mktng, MBA News Australia and Online MBA Australia.