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.
Key Facts
| APIR | MSM1548AU |
|---|---|
| Fund status | Open to wholesale investors only |
| Benchmark | RBA cash rate + 10% |
| Applications | Monthly |
| Distributions | Monthly |
| Redemptions | Quarterly |
| Buy / Sell Spread | 0.25%/0.25% charged upfront |
| Management fee | Base fee of 1% + Performance fee of 10% on the Fund’s outperformance of the RBA cash rate. Subject to high watermarks. |
| Fund leverage | Nil |
| Reinvestment plan | Available |
Minimum investment |
$50,000 |
Performance
Net investment returns: July 2022 (inception) to April 2023
| 1 month | 3 months | 6 months | Inception* | |
|---|---|---|---|---|
| Net return (%) | 1.26 | 3.50 | 6.36 | 12.24 |
| RBA cash rate (%) | 0.30 | 0.87 | 1.62 | 2.77 |
*Returns annualised and net of fees, excluding tax.
Past performance is not necessarily indicative of future performance.