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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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.59%	1.94%	2.88%	7.08%	7.84%	7.17%	5.21%	4.81%
Growth return	0.59%	0.43%	-0.15%	0.88%	1.54%	1.35%	0.17%	-0.16%
Income return	0%	1.51%	3.03%	6.2%	6.3%	5.82%	5.04%	4.97%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	0.33%	1.05%	3.11%	4.31%	4.73%	3.74%	-0.03%	2.14%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Torica Absolute Return Income Fund

Cash: 6.14%

Fixed Interest: 93.86%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 6.57%

Fixed Interest: 92.51%

Australian Equities: 0.63%

International Equities: 0.02%

Property & Infrastructure: 0.02%

Alternatives: 0.25%

General Information

Fund Details

Type	Description
Fund Name	Torica Absolute Return Income Fund
Responsible Entity	Equity Trustees Limited (BNP)
APIR Code	MST0002AU
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	31 May 2013
Fund Size	$277.4 million (as at 15 Sep 2025)
Entry Price	$1.0163 (as at 15 Sep 2025)
Exit Price	$1.0151 (as at 15 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.64% (as at 3 Aug 2023)
Indirect Cost Ratio (ICR)	0.64% (as at 30 Jun 2024)
Performance fee (not included in ICR)	Not Available
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

What is the objective of the Torica Absolute Return Income Fund managed 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.

What is the strategy for the Torica Absolute Return Income Fund managed fund?

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.

What is the APIR code of the Torica Absolute Return Income Fund managed fund?

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

What was Torica Absolute Return Income Fund’s total return last month?

Torica Absolute Return Income Fund’s total return last month was 0.59%. This was made up of a growth return of 0.59% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was Torica Absolute Return Income Fund’s total return for the last three months?

Torica Absolute Return Income Fund’s total return for the last three months was 1.94%. This was made up of a growth return of 0.43% and an income return of 1.51%%. These returns were calculated as at 31 Aug 2025.

What is Torica Absolute Return Income Fund’s one-year total return?

Torica Absolute Return Income Fund’s one-year total return is 7.08%. This was made up of a growth return of 0.88% and an income return of 6.2%. These returns were calculated as at 31 Aug 2025.

What is Torica Absolute Return Income Fund’s three-year total return?

Torica Absolute Return Income Fund’s one-year total return is 7.17%. This was made up of a growth return of 1.35% and an income return of 5.82%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Torica Absolute Return Income Fund managed fund?

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

Cash: 6.14%

Fixed Interest: 93.86%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Torica Absolute Return Income Fund managed fund?

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

What sector/asset class does the Torica Absolute Return Income Fund managed fund belong to?

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

What is the size of the Torica Absolute Return Income Fund managed fund?

As at 15 Sep 2025, the size of the Torica Absolute Return Income Fund managed fund was $277.4 million.

What is the inception date of the Torica Absolute Return Income Fund managed fund?

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

What is the current entry price of the Torica Absolute Return Income Fund managed fund?

The current entry price of the Torica Absolute Return Income Fund managed fund is $1.0163 per unit and the current exit price is $1.0151 per unit (as at 15 Sep 2025).

What is the current exit price of the Torica Absolute Return Income Fund managed fund?

The current exit price of the Torica Absolute Return Income Fund managed fund is $1.0151 per unit and the current entry price is $1.0163 per unit (as at 15 Sep 2025).

What is the minimum investment amount for the Torica Absolute Return Income Fund managed fund?

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.

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