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  5. Mutual Income Fund A - Managed fund profile

Mutual Income Fund A - Managed Fund

Fund Objective
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. Greater total return than the Bloomberg Ausbond Bank Bill Index (after fees) over a rolling 12-month period .
Fund Strategy
Mutual's investment process is based on using bottom-up fundamental analysis to determine the relative value and appropriateness of the various Australian bank 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.

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 0.5% 1.76% 3.4% 6.99% 5.97% 3.52% 2.88% 3.1%
Growth return 0.5% 1.76% 2.24% 3.58% 2.57% 0.87% 0.61% 0.43%
Income return 0% 0% 1.16% 3.41% 3.4% 2.65% 2.27% 2.67%
Market index (Bloomberg Global Aggregate TR Hdg AUD )
Total return 0.78% -0.16% -0.48% 2.67% 0.74% -2.74% -0.69% 2.04%
As at 30 Jun 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mutual Income Fund A
Cash
4.76%
Fixed Interest
95.24%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
9.09%
Fixed Interest
89.32%
Australian Equities
0.61%
International Equities
0.47%
Property
0.03%
Alternatives
0.48%

General Information

Fund Details
Type Description
Mutual Income Fund A
Mutual Limited
PRM0015AU
Diversified Credit
starstarstarstar (as at 31 May 2024)
Investment Fund
2 Apr 2013
$565.23 million (as at 31 May 2024)
$1.04383 (as at 3 Jul 2024)
$1.04383 (as at 3 Jul 2024)
Open
Offer information
Type Description
MER 0.39% (as at 30 Dec 2023)
Indirect Cost Ratio (ICR) 0.39% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $1.00
Minimum additional investments $1.00
Minimum redemption amount $1.00

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
Westpac Banking Corp. Bond - Corporate Bond 5.66%
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FAQs about the Mutual Income Fund A

The objective of the Mutual Income Fund A 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. Greater total return than the Bloomberg Ausbond Bank Bill Index (after fees) over a rolling 12-month period .

The strategy of the Mutual Income Fund A 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 bank 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 Income Fund A managed fund is PRM0015AU.

Mutual Income Fund A’s total return last month was 0.5%. This was made up of a growth return of 0.5% and an income return of 0%. These returns were calculated as at 30 Jun 2024.

Mutual Income Fund A’s total return for the last three months was 1.76%. This was made up of a growth return of 1.76% and an income return of 0%%. These returns were calculated as at 30 Jun 2024.

Mutual Income Fund A’s one-year total return is 6.99%. This was made up of a growth return of 3.58% and an income return of 3.41%. These returns were calculated as at 30 Jun 2024.

Mutual Income Fund A’s one-year total return is 3.52%. This was made up of a growth return of 0.87% and an income return of 2.65%. These returns were calculated as at 30 Jun 2024.

The asset allocation of the Mutual Income Fund A managed fund is :

Cash
4.76%
Fixed Interest
95.24%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Mutual Income Fund A managed fund is Mutual Limited.

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

As at 31 May 2024, the size of the Mutual Income Fund A managed fund was $565.23 million.

The Mutual Income Fund A managed fund has an inception date of 2 Apr 2013.

The current entry price of the Mutual Income Fund A managed fund is $1.04383 per unit and the current exit price is $1.04383 per unit (as at 3 Jul 2024).

The current exit price of the Mutual Income Fund A managed fund is $1.04383 per unit and the current entry price is $1.04383 per unit (as at 3 Jul 2024).

The minimum initial investment amount for the Mutual Income Fund A managed fund is $1. Minimum additional investment is $1.

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.