Menu
On 1st May 2023, the Investment Management Agreement for the Spectrum Strategic Income Fund was transitioned from Spectrum Asset Management Limited to EQT Asset Management. Refer notice to Unitholders.
Lindsay Skardoon has joined EQT Asset Management and will continue to manage the Fund. There will be no change to investment strategy or fees charged.
The 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:
| Product Name | Spectrum Strategic Income Fund (APIR Code ETL0072AU) |
|---|---|
| Responsible Entity | Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) |
| 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 | $51.3m as of 28 February 2023 |
| 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 |
|---|---|---|---|
| 28/2/2023 | $1.0559 | $1.0554 | $1.0549 |
| Product Disclosure Statement – investors wishing to invest should refer to the Equity Trustees website for the latest PDS. |
| Distribution History |
| Fact Sheet |
| Unit Price History |
| Performance as at 28/2/2023¹ | 1mth | 6mth | 1yr | 3yr p.a. | 5yr p.a. | Inception p.a. |
|---|---|---|---|---|---|---|
| Total Net Return² | 0.44% | 1.94% | 1.75% | 1.42% | 2.44% | 6.29% |
| Average RBA Cash Rate | 0.28% | 1.45% | 1.83% | 0.71% | 0.93% | 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.
| Income Distributions | 31/03/2022 | 30/06/2022 | 30/09/2022 | 31/12/2022 |
|---|---|---|---|---|
| Distribution Rate (cents per unit) | 0.30 | 0.36 | 0.57 | 0.68 |
Spectrum Asset Management Limited was founded in 2001 to manage investments in credit securities.
ABN 31 096 442 198