Current Unit Price: (20 min. delayed price) ASX:MXT $2.06 0.49%
NAV as at COB: 26.11.21 $2.0077
Current Unit Price: (20 min. delayed price) ASX:MOT $2.10 0.00%
NAV as at COB: 26.11.21 $2.0478

METRICS DIRECT
INCOME FUND

NAV per unit as at 26 November 2021: $1.0370

OVERVIEW

Metrics Direct Income Fund’s investment strategy is to provide investment exposure to Australian corporate loans, diversified by borrower, industry and credit quality – an investment space dominated by the banks. Through active portfolio management, Metrics seeks to balance investor requirements for return and capital preservation.

Target return

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.

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

WHO IS THE METRICS DIRECT INCOME
FUND DESIGNED FOR?

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

Monthly cash
income

Reduced capital
volatility

Attractive risk-adjusted returns from a portfolio diversified across ~200 individual loans

Competitive fee structure & monthly liquidity where the fund is liquid

This information is of a general nature only and has been prepared without taking into account 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.

PERFORMANCE

0 %
Net Return since Incep (2)
0 %
Net Return Spread to RBA Cash Rate
0
Individual loans

Fund Performance as at 31 October 2021

 1 mth3 mth6 mth1 yr2 yr(1)Incep(2)
Net Return (%)0.471.162.745.457.05
RBA Cash Rate (%)0.010.030.050.100.14
Distribution (%)0.351.002.374.694.18
Spread to RBA (%)0.340.982.324.594.04

NOTES: (1) Annualised (2) Inception date 01 July 2020
Past performance is not a reliable indicator of future performance. Income payments depend on the success of the underlying investments and are at the responsible entity’s discretion.
Fund returns are net of fees and in AUD. Calculations are based on exit prices after taking into account ongoing fees and costs and assumes reinvestment of distributions via the Distribution Reinvestment Plan (DRP). No allowance has been made for entry fees or taxation.
RBA Cash Rate currently 10bps p.a.

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

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 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.

EDUCATION

How to invest

The minimum initial investment for a Direct Investor is $1,000.

For an investment via platform, please refer to your IDPS operator’s requirements.

Before making an application for units in the Fund, please read the Product Disclosure Statement (PDS) and Additional Information Booklet and Target Market Determination (TMD).

Platform Availability
AMP NorthAsgardBT Panorama
BT WrapCFS FirstWrapHUB24
Macquarie WrapMason StevensNetwealth
PowerwrapuXchange 

Units in the Metrics Direct Income Fund are issued by Evolution Trustees Ltd AFSL 486 217. Metrics Credit Partners Pty Ltd (Metrics) AFSL 416 146 is the manager of the Fund. Before making an investment decision in respect of the Fund, consider the PDS, TMD and whether the Fund is appropriate given your objectives, financial situation or needs.

RESEARCH RATINGS

The Metrics Direct Income Fund has been independently rated by Foresight Analytics, Zenith Investment Partners and Bond Adviser.

Note: You must be a financial advisor or wholesale investor to obtain the Zenith Report.
Ratings are subject to Terms and Conditions which can be found here: Ts and Cs
Ratings are only one factor to be taken into account when making an investment decision.

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
MANAGEMENT COSTS0.60% p.a.** of the Funds 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.
**Excluding impact of performance fees.

FAQs

Here are some of our most frequently asked questions

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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.

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, does not constitute financial product advice 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 read and consider the current product disclosure statement for the Fund (PDS), Target Market Determination (TMD), and any updated information and continuous disclosure notices (Additional Disclosures) carefully and in their entirety 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.

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