Fund Profile: Mason Stevens Credit

Key Information

APIR codeMST0002AU
StatusOpen
Asset classMulti-Strategy Income
Responsible EntityMason Stevens Limited
Fund ManagerMason Stevens Asset Mgmt Pty Ltd
Product typeRetail
Legal typeOpen end
Fund inception31 May 2013
Fund size$113,932,082.00
Entry / exit price (2019-09-30)$1.0318 / $1.0216
Minimum initial$25000
Distribution frequencyQuarterly

PDS Objective

The Fund seeks to generate returns in excess of the RBA Cash Rate ("Benchmark") by 2.5% per annum after fees and expenses over a period of 3 - 5 years. The Fund seeks to do this by investing in fixed income securities that are expected to deliver income and yield.

What is this fund?

The Fund will typically invest in interest rate securities such as Corporate Debt, Hybrid Securities and Structured Debt Securities including Residential Mortgage Backed Securities (RMBS) and Asset Backed Securities (ABS).

What this rating means?

Superior: Suitable for inclusion on most APLs. The fund outperforms (or is likely to) its peers and benchmark the majority of the time. The fund most of the time has been operating within its mandate and PDS. There are very little to no corporate governance concerns. Management is of a very high calibre.

Fees

Management Fee % PA0.6400
ICR % PA0.9500
Entry / Exit %0.0000/0.0000
Switching %0.0000
Buy / Sell Spread 0.50% / 0.50%