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  5. Alexander Credit Income Fund - Managed fund profile

Alexander Credit Income Fund - Managed Fund

Fund Objective
The fund aims to provide clients with a consistent income stream and stable unit price by investing in a diversified portfolio of primarily, investment grade, Australasian fixed income credit assets.
Fund Strategy
The Investment Manager applies a Relative Value Trading approach to identifying opportunities in the fixed income credit markets and an overall hedging strategy that looks to protect against systemic shocks to the markets. The portfolio targets a Credit Duration range of positive five years to negative two years and an Interest Rate Duration range of positive one year to zero years. This means that the portfolio can be short credit risk. The Fund may use derivatives for both investment and hedging purposes.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.86% 2.25% 4.34% 8.49% 7.76% 6.11% 4.93% -%
Growth return 0.86% 0.82% 0.27% 1.56% 1.38% 0.82% 0.48% -%
Income return 0% 1.43% 4.07% 6.93% 6.38% 5.29% 4.45% -%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return -1.51% 0.53% 4.02% 8.37% 4.14% -1.89% -0.61% 2.01%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Alexander Credit Income Fund
Cash
6.63%
Fixed Interest
93.37%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
6.54%
Fixed Interest
90.06%
Australian Equities
0.68%
International Equities
0.56%
Property
0%
Alternatives
2.16%

General Information

Fund Details
Type Description
Alexander Credit Income Fund
Equity Trustees Ltd
ETL2805AU
Diversified Credit
starstarstarstarstar (as at 31 Oct 2024)
Investment Fund
7 Dec 2018
$616.35 million (as at 19 Nov 2024)
$1.0722 (as at 19 Nov 2024)
$1.07006 (as at 19 Nov 2024)
Open
Offer information
Type Description
MER 0.65% (as at 24 Jun 2024)
Indirect Cost Ratio (ICR) 0.65% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $25,000
Minimum additional investments $10,000.00

FAQs about the Alexander Credit Income Fund

The objective of the Alexander Credit Income Fund managed fund is The fund aims to provide clients with a consistent income stream and stable unit price by investing in a diversified portfolio of primarily, investment grade, Australasian fixed income credit assets.

The strategy of the Alexander Credit Income Fund managed fund is The Investment Manager applies a Relative Value Trading approach to identifying opportunities in the fixed income credit markets and an overall hedging strategy that looks to protect against systemic shocks to the markets. The portfolio targets a Credit Duration range of positive five years to negative two years and an Interest Rate Duration range of positive one year to zero years. This means that the portfolio can be short credit risk. The Fund may use derivatives for both investment and hedging purposes.

The APIR code of the Alexander Credit Income Fund managed fund is ETL2805AU.

Alexander Credit Income Fund’s total return last month was 0.86%. This was made up of a growth return of 0.86% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Alexander Credit Income Fund’s total return for the last three months was 2.25%. This was made up of a growth return of 0.82% and an income return of 1.43%%. These returns were calculated as at 31 Oct 2024.

Alexander Credit Income Fund’s one-year total return is 8.49%. This was made up of a growth return of 1.56% and an income return of 6.93%. These returns were calculated as at 31 Oct 2024.

Alexander Credit Income Fund’s one-year total return is 6.11%. This was made up of a growth return of 0.82% and an income return of 5.29%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Alexander Credit Income Fund managed fund is :

Cash
6.63%
Fixed Interest
93.37%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Alexander Credit Income Fund managed fund is Equity Trustees Ltd.

The Alexander Credit Income Fund managed fund belongs to the Diversified Credit sector/asset class.

As at 19 Nov 2024, the size of the Alexander Credit Income Fund managed fund was $616.35 million.

The Alexander Credit Income Fund managed fund has an inception date of 7 Dec 2018.

The current entry price of the Alexander Credit Income Fund managed fund is $1.0722 per unit and the current exit price is $1.07006 per unit (as at 19 Nov 2024).

The current exit price of the Alexander Credit Income Fund managed fund is $1.07006 per unit and the current entry price is $1.0722 per unit (as at 19 Nov 2024).

The minimum initial investment amount for the Alexander Credit Income Fund managed fund is $25,000. Minimum additional investment is $10000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.