Fund Objective
The Manning Credit Opportunities (Fund) seeks to generate absolute returns of RBA cash rate plus 10% per annum over rolling 5 years (net of fees) with returns primarily delivered as income.
Fund Strategy
The Fund provides a unique exposure to carefully selected, higher-yielding credit opportunities from traditionally hard-to-access areas of the Australian credit markets. The Fund employs a dynamic and nimble investment strategy to help navigate market cycles and seeks to deliver the most attractive risk-adjusted returns.
**New investor applications are currently exceeding available capacity in the Fund – please email Juliet Shirbin (Head of Investor Relations) [email protected] for more information on the Fund waitlist**
Key Facts
| APIR | MSM1548AU |
|---|---|
| Fund status | Open to wholesale investors only |
| Benchmark | RBA cash rate + 10% p.a. over rolling 5 years (net of fees) |
| Applications | Monthly |
| Distributions | Monthly |
| Redemptions | 90 days- Redemption request must be submitted no later than 10 business days prior to the end of the month |
| Buy / Sell Spread | 0.25%/0.25% charged upfront |
| Management fee | Base fee of 1% + Performance fee of 20% on the Fund’s outperformance of the RBA cash rate (post base fee). |
| Fund leverage | Nil |
| Reinvestment plan | Available |
Minimum investment |
$50,000 |
Performance
Net investment returns: July 2022 (inception) to March 2024
| 1 month | 3 months | 6 months | 1 year | Inception* | |
|---|---|---|---|---|---|
| Net return (%) | 1.15 | 3.69 | 7.86 | 17.32 | 14.92 |
| RBA cash rate (%) | 0.36 | 1.07 | 2.13 | 4.14 | 3.51 |
Past performance is not necessarily indicative of future performance. Returns are net of fees, excluding tax, and assume reinvestment of all distributions. Returns greater than one year are annualised.