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  5. Torica Absolute Return Income Fund - Managed fund profile

Torica Absolute Return Income Fund - Managed Fund

Fund Objective
The Fund aims to provide clients with a consistent income stream and capital stability by investing in a diversified portfolio of fixed income assets. The Fund aims to provided total returns (after fees and expenses) that exceeds the RBA Cash Rate (Benchmark) by 2.5% throughout the market cycle.
Fund Strategy
The Fund adopts an active and adaptive portfolio management approach that seeks to capture inefficiencies in the global fixed income markets. The Fund targets an absolute return profile by investing in a diversified portfolio of mainly investment grade securities. The Fund also adopts an active asset allocation between cash and yielding securities and has the ability to minimise capital volatility during periods of adverse market movements.

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 0.71% 2.17% 4.29% 8.9% 8.05% 5% 4.32% 4.74%
Growth return 0.71% 0.65% 1.2% -% 1.98% 0.58% -0.38% -0.21%
Income return 0% 1.52% 3.09% -% 6.07% 4.42% 4.7% 4.95%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return -1.88% -0.39% 2.26% 7.08% 2.86% -0.62% -0.68% 2.11%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Torica Absolute Return Income Fund
Cash
2.39%
Fixed Interest
97.61%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.68%
Fixed Interest
92.06%
Australian Equities
1.30%
International Equities
0.53%
Property
0.06%
Alternatives
0.36%

General Information

Fund Details
Type Description
Torica Absolute Return Income Fund
Equity Trustees Limited (BNP)
MST0002AU
Unconstrained Fixed Income
starstarstarstarstar (as at 31 Oct 2024)
Investment Fund
31 May 2013
$192.75 million (as at 19 Nov 2024)
$1.009 (as at 20 Nov 2024)
$1.0078 (as at 20 Nov 2024)
Open
Offer information
Type Description
MER 0.64% (as at 3 Aug 2023)
Indirect Cost Ratio (ICR) 0.64% (as at 1 Jul 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $25,000
Minimum additional investments $10,000.00
Minimum redemption amount $10,000.00

FAQs about the Torica Absolute Return Income Fund

The objective of the Torica Absolute Return Income Fund managed fund is The Fund aims to provide clients with a consistent income stream and capital stability by investing in a diversified portfolio of fixed income assets. The Fund aims to provided total returns (after fees and expenses) that exceeds the RBA Cash Rate (Benchmark) by 2.5% throughout the market cycle.

The strategy of the Torica Absolute Return Income Fund managed fund is The Fund adopts an active and adaptive portfolio management approach that seeks to capture inefficiencies in the global fixed income markets. The Fund targets an absolute return profile by investing in a diversified portfolio of mainly investment grade securities. The Fund also adopts an active asset allocation between cash and yielding securities and has the ability to minimise capital volatility during periods of adverse market movements.

The APIR code of the Torica Absolute Return Income Fund managed fund is MST0002AU.

Torica Absolute Return Income Fund’s total return last month was 0.71%. This was made up of a growth return of 0.71% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Torica Absolute Return Income Fund’s total return for the last three months was 2.17%. This was made up of a growth return of 0.65% and an income return of 1.52%%. These returns were calculated as at 31 Oct 2024.

Torica Absolute Return Income Fund’s one-year total return is 8.9%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

Torica Absolute Return Income Fund’s one-year total return is 5%. This was made up of a growth return of 0.58% and an income return of 4.42%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Torica Absolute Return Income Fund managed fund is :

Cash
2.39%
Fixed Interest
97.61%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Torica Absolute Return Income Fund managed fund is Equity Trustees Limited (BNP).

The Torica Absolute Return Income Fund managed fund belongs to the Unconstrained Fixed Income sector/asset class.

As at 19 Nov 2024, the size of the Torica Absolute Return Income Fund managed fund was $192.75 million.

The Torica Absolute Return Income Fund managed fund has an inception date of 31 May 2013.

The current entry price of the Torica Absolute Return Income Fund managed fund is $1.009 per unit and the current exit price is $1.0078 per unit (as at 20 Nov 2024).

The current exit price of the Torica Absolute Return Income Fund managed fund is $1.0078 per unit and the current entry price is $1.009 per unit (as at 20 Nov 2024).

The minimum initial investment amount for the Torica Absolute Return 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.