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 3.50% 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.
* This is a target return 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
| FUND | Metrics Direct Income Fund |
| TARGET RETURN | RBA Cash Rate plus 3.25% p.a. net of fees (currently 3.50% p.a.)* |
| DISTRIBUTIONS | The Fund intends to pay distributions monthly |
| MINIMUM APPLICATION AMOUNT | $1,000 |
| REDEMPTIONS | Generally monthly where the Fund is liquid |
| TOTAL COSTS | Total costs estimated to be 0.69% per annum of the Fund’s NAV |
| INCEPTION DATE | 1 July 2020 |
| MANAGER | Metrics Credit Partners |
| RESPONSIBLE ENTITY | Evolution Trustees Limited |
| UNIT REGISTRY | Automic Group |
| APIR CODE | EVO2608AU |
* This is a target return and may not be achieved.
UNIT PRICE
4 August 2020
0.3299
31 July 2020
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
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 3.50% 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.
* This is a target return 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
| FUND | Metrics Direct Income Fund |
| TARGET RETURN | RBA Cash Rate plus 3.25% p.a. net of fees (currently 3.50% p.a.)* |
| DISTRIBUTIONS | The Fund intends to pay distributions monthly |
| MINIMUM APPLICATION AMOUNT | $1,000 |
| REDEMPTIONS | Generally monthly where the Fund is liquid |
| TOTAL COSTS | Total costs estimated to be 0.69% per annum of the Fund’s NAV |
| INCEPTION DATE | 1 July 2020 |
| MANAGER | Metrics Credit Partners |
| RESPONSIBLE ENTITY | Evolution Trustees Limited |
| UNIT REGISTRY | Automic Group |
| APIR CODE | EVO2608AU |
* This is a target return and may not be achieved.
UNIT PRICE
4 August 2020
0.3299
31 July 2020
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
EXTERNAL RESEARCH