APIR: ETL6322AU
Performance
1
Year
Year
3
Year
Year
5
Year
Year
Since Inception
0.23
Running Yield
7.41
Yield To Maturity
-4
Data Current To: 03/04/2025
Information
Issuer: |
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Sector: |
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Index: |
Bloomberg AusBond Credit FRN 0+ Yr Index |
| Inception Date: | 17/02/2025 |
| Strategy: | The Fund aims to generate higher income than other traditional fixed income investments by investing in a floating-rate portfolio of investment-grade bonds and hybrid securities issued predominately by global banks and enhancing the yields (or interest-rate) through the use of gearing (or leverage). It also has the capacity to invest in government bonds, corporate bonds and hybrid securities. The Fund aims to offer a floating-rate profile by targeting an interest rate duration risk of less than 3 months. The Fund can borrow and use derivatives, meaning the Fund is geared (or leveraged). Leverage can amplify gains and also amplify losses. The Fund does not invest in equities, unrated unlisted debt securities or property. |
Details
| Management Costs: | 1.00% p.a. |
| Minimum Initial Amount: | $ |
| Income Distribution: | Monthly |
| Number of Holdings: | 51 |
