Current Unit Price: (20 min. delayed price) ASX:MXT $1.98 -0.50%
NAV as at COB: 03.08.22 $2.0026
Current Unit Price: (20 min. delayed price) ASX:MOT $2.05 -0.97%
NAV as at COB: 03.08.22 $2.1167

METRICS DIRECT
INCOME FUND

NAV per unit as at 3 August 2022: $1.0334

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 5.10% 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 >260 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 30 June 2022

 1 mth3 mth6 mth1 yr2 yr(1)Incep(2)
Net Return (%)0.481.242.234.546.206.20
RBA Cash Rate (%)0.070.110.130.180.170.17
Distribution (%)0.531.332.424.634.414.41
Spread to RBA (%)0.461.232.284.444.244.24

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 1.35bps 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 NorthAsgardBT Panorama
CFS FirstWrapHUB24IOOF eXpand
Macquarie WrapMason StevensNetwealth
PowerwrapuXchange 

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 and Lonsec.

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

FUND Metrics Direct Income Fund
TARGET RETURN RBA Cash Rate plus 3.25% p.a. net of fees (currently 5.10% p.a.)*
DISTRIBUTIONS The Fund intends to pay distributions monthly
MINIMUM APPLICATION AMOUNT $1,000
REDEMPTIONS Generally monthly where the Fund is liquid
MANAGEMENT COSTS 0.54% 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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Continuous disclosure notice

At a meeting of the members of the Metrics Direct Income Fund ARSN 641 620 331 (Fund) held at 2pm on 3 March 2022, a resolution to appoint Equity Trustees Limited ACN 004 031 298; AFSL 240975 (EQT) as responsible entity of the Fund, with effect from the date that the Australia Securities and Investments Commission alters its records, was passed as an extraordinary resolution.

With effect from 10 March 2022, EQT is the responsible entity of the Fund. Metrics Credit Partners Pty Ltd ACN 150 646 996 AFSL 416 146 (Metrics) is the investment manager of the Fund and within 60 Business Days Sandhurst Trustees Limited will be replaced as custodian of the Fund by EQT Australia Limited ACN 111 042 132.

An updated Product Disclosure Statement, Additional Information Booklet and Target Market Determination in respect of the Fund as at 10 March 2022 is available at www.metrics.com.au/funding-solutions/metrics-direct-income-fund.

The Product Disclosure Statement, Additional Information Booklet and Target Market Determination have also been updated to reduce the redemption request notice period in respect of units in the Fund from 15 Business Days’ prior written notice to 10 Business Days’ prior written notice. As outlined in the updated Product Disclosure Statement “where the Trust is liquid, the Responsible Entity will typically accept redemption requests monthly, at the end of each month, where a redeeming Investor has provided 10 Business Days’ prior written notice”.

EQT 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.