Metrics Master Income Trust (ASX: MXT): disciplined income through diversified corporate lending

Metrics Credit Partners CEO and Managing Partner Andrew Lockhart recently spoke with ShareCafe about how the Metrics Master Income Trust (ASX: MXT) aims to deliver consistent monthly income through diversification, floating‑rate loans and disciplined risk management.

Launched in October 2017, MXT was designed to give investors access to a broad portfolio of Australian corporate borrowers – assets typically held on bank balance sheets.

Since then, the portfolio has expanded from roughly 55 loan positions to nearly 350 across corporate lending, real estate, infrastructure and acquisition finance.

“As you build a well‑diversified portfolio, you’re actually lowering investor risk, because the greatest risk investors face is the default of any one borrower.”

—Andrew Lockhart, CEO and Managing Partner, Metrics Credit Partners

MXT targets the RBA cash rate plus 3.25% per annum net of fees.

Lockhart also points to the Trust’s floating‑rate structure, senior secured positioning and ASX‑listed liquidity as key features that make MXT a defensive income alternative to traditional fixed income and hybrids.

This communication is issued by The Trust Company (RE Services) Limited ABN 45‌ 003‌ 278‌ 831‌ AFSL 235‌ 150‌ (Perpetual) as Responsible Entity of Metrics Master Income Trust ARSN 620‌ 465‌ 090‌ (Fund). Metrics Credit Partners Pty Ltd ABN 27‌ 150‌ 646‌ 996‌ AFSL 416146‌ (Metrics) is the Manager of the Fund.

The information provided in this communication is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the current Product Disclosure Statement (PDS) and Target Market Determination (TMD) of the Fund, available at metrics.com.au/mxt. Please also consider the Fund’s other periodic and continuous disclosure announcements lodged with the ASX, available at http://www.asx.com.au, to assess whether the Fund is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser. This information is only as current as 29 January 2026, and may be superseded by subsequent market events or for other reasons. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. All investments contain risk and may lose value. Neither Perpetual or Metrics guarantees repayment of capital or any particular rate of return from the Fund.

Neither Perpetual or Metrics gives any representation or warranty as to the reliability, completeness or accuracy of the information contained in this communication. All opinions and estimates included in this communication constitute judgments of Metrics as at the date of this communication and are subject to change without notice. Past performance is not a reliable indicator of future performance.