The Spectrum Strategic Income Fund seeks to deliver higher returns to investors than traditional cash management and fixed income investments. The Fund invests in a diversified portfolio of debt and income securities with the objective of maximising income whilst preserving capital. The portfolio is mostly floating rate, so your return will increase as interest rates rise. Key features of the fund are:

Investment Objective The Fund aims to generate higher returns than the RBA Cash Rate over the short to medium term with lower volatility than equities.
Investments Held The Fund holds a diversified portfolio of debt and income securities with a view to maximizing income and preserving the capital of the Fund. Issuers may be government bodies, banks, corporations and, to a limited extent, specialist financing vehicles. To maintain a diversified portfolio structure, certain limits are imposed on security type, credit risk, industry and issuers.
Investment Manager Spectrum Asset Management Limited
APIR ETL0072AU
Commencement 31 May 2009
Fund Size $59.1m as of 31 May 2022
Management Costs¹ 0.75% p.a. Buy Spread +0.05%
Minimum Initial Investment $5,000 Sell Spread -0.05%

¹Includes estimated GST payable, after taking into account Reduced Input Tax Credits (“RITC”)

Unit Prices Purchase Net Asset Value Withdrawal
31/5/2022 $1.0490 $1.0485 $1.0480

Performance as at 31 May 2022

Performance as at 31/05/2022¹ 1mth 6mth 1yr 3yr p.a. 5yr p.a. Inception  p.a.
Total Net Return² 0.06% -0.50% 0.03% 1.48% 2.64% 6.49%
Average RBA Cash Rate 0.03% 0.07% 0.12% 0.34% 0.80% 1.93%

¹Past performance is not an indicator of future performance.                                      ²Total Net Return is the Fund return after the deduction of ongoing fees and expenses, assuming the reinvestment of all distributions.

Distribution of Monthly Returns Since Inception

Returns are on a monthly basis.   Returns in bucket of 50bp range.  Each bucket contains the number of results in each band.  Past performance is not an indicator of future performance.

Income Distributions

Income Distributions 30/06/2021 30/09/2021 31/12/2021 31/03/2022
Distribution Rate (cents per unit) 1.2831 0.4146 0.29 0.30

Return Comparisons

RBA = RBA Cash Rate;  FRN = The Bloomberg FRN Index;  Composite = The Bloomberg Composite Index;   SSIF = Spectrum Strategic Income Fund 
Past performance is not an indicator of future performance.