Current Unit Price: (20 min. delayed price) ASX:MXT $2.05 0.00%
NAV as at COB: 22.09.21 $2.0053
Current Unit Price: (20 min. delayed price) ASX:MOT $2.05 -0.49%
NAV as at COB: 22.09.21 $2.0394

METRICS DIRECT INCOME FUND

OVERVIEW

UNIQUE ACCESS TO ALTERNATIVE INVESTMENT OPPORTUNITIES AND PORTFOLIO DIVERSIFICATION
The Metrics Direct Income Fund (Fund) provides investors with the advantage of an investment exposure to a diversified portfolio of direct loans to Australian companies – an investment space dominated by the banks.


TARGETS ATTRACTIVE MONTHLY RETURNS AND LOW RISK OF CAPITAL LOSS*
The Fund targets a return of the RBA Cash Rate plus 3.25% p.a. (currently 3.35% p.a. net of fees)* through the economic cycle and seeks to implement active strategies designed to balance delivery of the target return, while preserving investor capital.

* These are targets and may not be achieved.


MONTHLY DISTRIBUTIONS AND LIQUIDITY
It is intended that distributions will be paid monthly, with a distribution reinvestment option. Investors may make monthly applications and monthly redemptions are available where the Fund is liquid.

KEY TERMS

FUNDMetrics Direct Income Fund
TARGET RETURNRBA Cash Rate plus 3.25% p.a. net of fees (currently 3.35% p.a.)*
DISTRIBUTIONSThe Fund intends to pay distributions monthly
MINIMUM APPLICATION AMOUNT$1,000
REDEMPTIONSGenerally monthly where the Fund is liquid
TOTAL COSTSTotal costs estimated to be 0.69% per annum of the Fund’s NAV
INCEPTION DATE1 July 2020
MANAGERMetrics Credit Partners
RESPONSIBLE ENTITYEvolution Trustees Limited
UNIT REGISTRYAutomic Group
APIR CODEEVO2608AU

* This is a target return and may not be achieved.

UNIT PRICE

NAV per unit
Distribution (CPU)
$1.0354
22 September 2021

0.3422
31 August 2021

WHY INVEST IN METRICS DIRECT INCOME FUND


AN ALTERNATIVE INVESTMENT OPPORTUNITY

The Australian corporate loan market represents a large and active segment of Australia’s corporate fixed income market which generally provides superior risk-adjusted returns compared with other fixed income or equity investment opportunities.

As an experienced investment team that understands the various sources of income available from, and risks associated with, corporate loans, Metrics believes it is well placed to implement investment strategies and processes able to maximise returns from this asset class.


WHO IS METRICS DIRECT INCOME FUND FOR?

Metrics believes that fixed income is generally an important feature of a balanced portfolio and is becoming an increasingly attractive asset class for investors seeking capital stability, regular income and building a more defensive investment strategy.

Metrics Direct Income Fund may be suitable for investors looking for an investment that seeks to provide:

  • Monthly cash income with reduced capital volatility
  • Attractive risk-adjusted returns from a diversified portfolio of direct loans
  • Low fee structure and monthly liquidity where the Fund is liquid


A DIVERSIFIED INVESTMENT STRATEGY THAT SEEKS TO PRESERVE CAPITAL

Metrics Direct Income Fund’s investment strategy is to provide investment exposure to Australian corporate loans that generally reflect bank market activity, diversified by borrower, industry and credit quality. Through active portfolio management, Metrics seeks to balance investor requirements for return and capital preservation.


EXTERNAL RESEARCH

MONTHLY PERFORMANCE

Fund Performance as at August 31, 2021

Investment Updates
The Metrics Direct Income Fund monthly report will be released around the 10th of each month.

OVERVIEW

UNIQUE ACCESS TO ALTERNATIVE INVESTMENT OPPORTUNITIES AND PORTFOLIO DIVERSIFICATION
The Metrics Direct Income Fund (Fund) provides investors with the advantage of an investment exposure to a diversified portfolio of direct loans to Australian companies – an investment space dominated by the banks.


TARGETS ATTRACTIVE MONTHLY RETURNS AND LOW RISK OF CAPITAL LOSS*
The Fund targets a return of the RBA Cash Rate plus 3.25% p.a. (currently 3.35% p.a. net of fees)* through the economic cycle and seeks to implement active strategies designed to balance delivery of the target return, while preserving investor capital.

* These are targets and may not be achieved.


MONTHLY DISTRIBUTIONS AND LIQUIDITY
It is intended that distributions will be paid monthly, with a distribution reinvestment option. Investors may make monthly applications and monthly redemptions are available where the Fund is liquid.

KEY TERMS

FUNDMetrics Direct Income Fund
TARGET RETURNRBA Cash Rate plus 3.25% p.a. net of fees (currently 3.35% p.a.)*
DISTRIBUTIONSThe Fund intends to pay distributions monthly
MINIMUM APPLICATION AMOUNT$1,000
REDEMPTIONSGenerally monthly where the Fund is liquid
TOTAL COSTSTotal costs estimated to be 0.69% per annum of the Fund’s NAV
INCEPTION DATE1 July 2020
MANAGERMetrics Credit Partners
RESPONSIBLE ENTITYEvolution Trustees Limited
UNIT REGISTRYAutomic Group
APIR CODEEVO2608AU

* This is a target return and may not be achieved.

UNIT PRICE

NAV per unit
Distribution (CPU)
$1.0359
17 September 2021

0.3422
31 August 2021

WHY INVEST IN METRICS DIRECT INCOME FUND

AN ALTERNATIVE INVESTMENT OPPORTUNITY The Australian corporate loan market represents a large and active segment of Australia’s corporate fixed income market which generally provides superior risk-adjusted returns compared with other fixed income or equity investment opportunities. As an experienced investment team that understands the various sources of income available from, and risks associated with, corporate loans, Metrics believes it is well placed to implement investment strategies and processes able to maximise returns from this asset class. WHO IS METRICS DIRECT INCOME FUND FOR? Metrics believes that fixed income is generally an important feature of a balanced portfolio and is becoming an increasingly attractive asset class for investors seeking capital stability, regular income and building a more defensive investment strategy. Metrics Direct Income Fund may be suitable for investors looking for an investment that seeks to provide:
  • Monthly cash income with reduced capital volatility
  • Attractive risk-adjusted returns from a diversified portfolio of direct loans
  • Low fee structure and monthly liquidity where the Fund is liquid
A DIVERSIFIED INVESTMENT STRATEGY THAT SEEKS TO PRESERVE CAPITAL Metrics Direct Income Fund’s investment strategy is to provide investment exposure to Australian corporate loans that generally reflect bank market activity, diversified by borrower, industry and credit quality. Through active portfolio management, Metrics seeks to balance investor requirements for return and capital preservation.

EXTERNAL RESEARCH

MONTHLY PERFORMANCE

Fund Performance as at August 31, 2021

Investment Updates
The Metrics Direct Income Fund monthly report will be released around the 10th of each month.

Continuous disclosure notice

Evolution Trustees Limited ACN 611 839 519 (ETL) is the responsible entity of the Metrics Direct Income Fund ARSN 641 620 331 (Fund). Metrics Credit Partners Pty Ltd (Metrics) is the investment manager of the Fund.  ETL and Metrics consider that the replacement of ETL as the Fund’s responsible entity with Equity Trustees Limited (EQT) would be in the best interests of the Fund and its members.  Accordingly, ETL proposes to retire as responsible entity of the Fund and has called a meeting of the Fund’s members to vote on a resolution to appoint EQT as the Fund’s responsible entity. The notice of meeting and explanatory memorandum are available here.

The notice of meeting, explanatory memorandum and a personalised proxy have been despatched to members of the Fund on 2.9.21.

ETL as responsible entity for the Fund is following ASIC’s good practice guidance in satisfying its continuous disclosure obligations by providing continuous disclosure notices to www.metrics.com.au/funding-solutions/metrics-direct-income-fund as set out in the Fund’s product disclosure statement.

Disclaimer

All website content in respect of the Metrics Direct Income Fund ARSN 641 620 331 (the Fund) is issued by Evolution Trustees Limited ACN 611 839 519 AFSL 486 217 (Evolution) as responsible entity of the Fund. Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) is the investment manager of the Fund.

The information provided in this website 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 in respect of the Fund, you should consider the current product disclosure statement (PDS) of the Fund which is available at www.metrics.com.au, and 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.

Neither Evolution nor Metrics guarantees repayment of capital or any particular rate of return from the Fund. Neither Evolution nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned July 2020) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines