Mutual High Yield - Managed Fund

The objective of the Mutual High Yield managed fund is The Fund aims to achieve superior outcomes across two investment objectives: 1. Greater income than the Bloomberg Ausbond Bank Bill Index (after fees) quarterly. 2. Total return of Bloomberg Ausbond Bank Bill Index +4.50% over a rolling 12-month period.

The strategy of the Mutual High Yield managed fund is Mutual's investment process is based on using bottom-up fundamental analysis to determine the relative value and appropriateness of the various Australian bonds available within the market. The cornerstone of Mutual's investment philosophy is security with performance. The team's research process places its emphasis on mitigating downside risks by attempting to provide investors with a high level of capital preservation and outperforming the Bloomberg Index, while generating excess net cash returns to investors.

The APIR code of the Mutual High Yield managed fund is PRM8798AU.

Mutual High Yield’s total return last month was 0.67%. This was made up of a growth return of -1.29% and an income return of 1.96%. These returns were calculated as at 30 Jun 2024.

Mutual High Yield’s total return for the last three months was 2.76%. This was made up of a growth return of 0.76% and an income return of 2%%. These returns were calculated as at 30 Jun 2024.

Mutual High Yield’s one-year total return is 11.58%. This was made up of a growth return of 4.54% and an income return of 7.04%. These returns were calculated as at 30 Jun 2024.

Mutual High Yield’s one-year total return is 7.68%. This was made up of a growth return of 0.53% and an income return of 7.15%. These returns were calculated as at 30 Jun 2024.

The asset allocation of the Mutual High Yield managed fund is :

The Responsible Entity for the Mutual High Yield managed fund is Mutual Limited.

The Mutual High Yield managed fund belongs to the Non Investment Grade Debt sector/asset class.

As at 31 May 2024, the size of the Mutual High Yield managed fund was $113.85 million.

The Mutual High Yield managed fund has an inception date of 1 Feb 2019.

The current entry price of the Mutual High Yield managed fund is $1.07194 per unit and the current exit price is $1.06926 per unit (as at 23 Jul 2024).

The current exit price of the Mutual High Yield managed fund is $1.06926 per unit and the current entry price is $1.07194 per unit (as at 23 Jul 2024).

The minimum initial investment amount for the Mutual High Yield managed fund is $20,000. Minimum additional investment is $5000.