Current Unit Price: (20 min. delayed price) ASX:MXT $2.05 0.00%
NAV as at COB: 27.02.24 $2.0134
Current Unit Price: (20 min. delayed price) ASX:MOT $2.18 0.46%
NAV as at COB: 27.02.24 $2.1520

METRICS DIRECT
INCOME FUND

NAV per unit as at 27 February 2024: $1.0399

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 7.60% 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 >300 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 %
Income distribution since inception
0
Individual loans

Fund Performance as at 31 January 2024

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

The January 2024 monthly report is now available.

  1 mth 3 mth 1 yr 3 yr(1) 5 yr(1) Incep(2)
Net Return (%) 0.81 2.47 9.90 7.10 N/A 7.39
RBA Cash Rate (%) 0.37 1.10 4.07 1.90 N/A 1.62
Distribution (%) 0.79 2.41 9.66 6.94 N/A 6.41
Spread to RBA (%) 0.42 1.31 5.59 5.04 N/A 4.79

NOTES: (1) Annualised (2) Inception date 01 July 2020
Past performance is not a reliable indicator of future performance. Returns greater than one year are annualized. 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 as at 06/12/2023 435 bps p.a.

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 an 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 North Australian Money Market (AMM) Asgard BT Panorama
CFS FirstWrap Clearstream Dash HUB24
IOOF eXpand Macquarie Wrap Mason Stevens Netwealth
Powerwrap Praemium Xplore Wealth

Units in the Metrics Direct Income Fund are issued by Equity Trustees Limited AFSL 240975. 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 Fund has been independently rated by Foresight Analytics, Bond Adviser, Zenith Investment Partners, Lonsec and Independent Investment Research.

Note: You must be a financial advisor or wholesale investor to obtain the Zenith and Lonsec Research Reports.
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

FUND Metrics Direct Income Fund
TARGET RETURN RBA Cash Rate plus 3.25% p.a. net of fees (currently 7.60% p.a.)*
DISTRIBUTIONS The Fund intends to pay distributions monthly
MINIMUM APPLICATION AMOUNT $1,000
REDEMPTIONS Generally monthly where the Fund is liquid. View redemption request cut-off dates.
MANAGEMENT COSTS 0.58% p.a.** of the Funds NAV
INCEPTION DATE 1 July 2020
MANAGER Metrics Credit Partners
RESPONSIBLE ENTITY Equity Trustees Limited
UNIT REGISTRY Automic Group
APIR CODE EVO2608AU
*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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