Overview

Mason Stevens Credit Fund employs an active strategy that aims to provide regular income and capital stability. The Fund invests in high quality global securities and has a track record of low volatility and stable returns.

The Fund invests in global interest rate securities such as corporate debt, hybrid and structured debt securities including residential mortgage-backed securities and asset-backed securities, that target income and yield.

Key Features

Investment Objective The Fund aims to generate returns in excess of 2.5% pa above the RBA Cash Rate after fees and expenses.
Benchmark RBA Cash Rate
Inception Date 31 May 2013
Avg credit rating BBB+
Max individual security weighting 10%
Min/max cash range 0-100%
Distribution Quarterly
Management Fee 0.94% p.a.
Minimum initial investment A$25,000
Buy/Sell spread 0.5% / -0.5%
Suggested investment timeframe 3-5 years
Availability Mason Stevens Global Service
Mason Stevens Super

As at 30 October 2020.

A solution for investors seeking:

A global, diversified Fixed Income portfolio.

Regular income and a stable return.

Capital stability over the medium term.
  • Targets stable returns from high-quality, fixed income securities.
  • Access to investment opportunities that are typically reserved for institutions and professional investors.
  • Dynamic management strategies to access and take full advantage of investment opportunities as they arise.
  • Conservative risk management with monthly pricing and liquidity available through investment in quality assets.
  • Strong historical returns coupled with low volatility.
  • Before you make an investment decision, it is important that you understand the risks that can affect your investment being able to meet its objective or retain value.
  • The risks that may impact return from your investment in the Fund include, but are not limited to factors such as, market risk, liquidity risk, credit risk, and interest rate risk.
  • Please refer to the Product Disclosure Statement for a full list of potential risks linked to the portfolio.

Growth of $100,000 since inception (31-May-13)

Past performance is not a reliable indicator of future performance

Fund returns are calculated using the exit price (including sell spread), net of fees, assuming reinvestment of distributions and excludes franking credits and are calculated from the Fund’s inception date of 31/05/13. Target return is 2.5% + RBA Cash rate after fees and expenses. Individual returns will vary depending on date of initial investment.

Fund Breakdown at 31/10/2020


1 month 3 months 6 months 1 year 3 years 5 years Since inception
Fund0.63%1.32%3.83%1.75%2.84%4.17%5.46%
Benchmark0.01%0.03%0.07%0.37%1.06%1.27%1.65%
Excess Return0.62%1.29%3.76%1.38%1.78%2.9%3.81%

Past performance is not a reliable indicator of future performance.

Fund returns are calculated using the exit price (including sell spread), net of fees, assuming reinvestment of distributions and excludes franking credits and are calculated from the Fund’s inception date of 31/05/13. Target return is 2.5% + RBA Cash rate after fees and expenses. Individual returns will vary depending on date of initial investment.

Latest Quaterly Income Distribution ($ Share) as of 30-Sept-2020($) $0.006875
Yield to call/maturity (p.a)(%) 3.09%
Entry price 1.0122
Exit price 1.0022

Past performance is not a reliable indicator of future performance.

Yield to maturity is the estimated annual rate of return of a bond if held until maturity.
Interest rate which banks pay to borrow funds from other banks in the money market on an overnight basis.
Average portfolio credit rating is calculated through a weighted average of available average debt ratings from Moody’s, S&P’s and Fitch.
Buy/sell spread is retained in the fund to cover transaction costs associated with entry/exit to the fund. For further information please refer to the PDS.

  • Portfolio Composition

    • 6.3%
      Asset Backed
    • 38.8%
      Senior Unsecured
    • 9.8%
      Annuities
    • 9.2%
      Inflation Linked
    • 31.4%
      Subordinated
    • 2.4%
      Hybrid
    • -0.1%
      Futures
    • 2.2%
      Cash
  • Geographical Exposure

    • 1.22%
      UAE
    • 83.39%
      Australia
    • 3.93%
      China
    • 9.53%
      France
    • 1.93%
      United Kingdom
  • Sector

    • 6.23%
      RMBS
    • 0.19%
      ABS
    • 15.15%
      Infrastructure
    • 56.95%
      Financial
    • 2.66%
      Basic Materials
    • 10.01%
      Public, Private, Partnership Projects
    • 4.27%
      Industrial
    • 4.55%
      Utilities
  • Credit Rating of Securities held

    • 1.2%
      AAA
    • 0.19%
      AA+
    • 0.71%
      AA
    • 4.4%
      A+
    • 6.42%
      A
    • 5.23%
      A-
    • 36.29%
      BBB+
    • 16.49%
      BBB
    • 29.07%
      BBB-

Past performance is not a reliable indicator of future performance.

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Disclaimer

This Report is provided by Mason Stevens Asset Management Pty Limited (ACN 141 447 654) (MSAM) as Corporate Authorised Representative (CAR 461312) under AFSL No. 351578 held by Mason Stevens Limited (ACN 141 447 207). Mason Stevens Limited is the Responsible Entity and the issuer of the Mason Stevens Credit Fund Product Disclosure Statement (PDS). Any content provided in this Report is of a general nature and does not take into account of any individual’s personal objectives, financial situation and needs. Please seek specific advice and obtain a copy of the PDS before making a decision in relation to any investment in the Fund. The information is provided in good faith. Whilst every effort is made to ensure the information is accurate at the time of sending, MSAM does not make any representation or warranty as to its accuracy, reliability or completeness nor does it undertake to correct any information subsequently found to be inaccurate. Any information contained in this Report is subject to change without prior notice and MSAM is not obliged to update any information. References made to any third party or their data is based on information that MSAM believes to be true and accurate as at the date of this Report but without independent verification.