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  5. Yarra Enhanced Income Fund (Direct) - Managed fund profile

Yarra Enhanced Income Fund (Direct) - Managed Fund

Fund Objective
To earn higher returns than traditional cash management and fixed income investments (over the medium-to-long term) through exposure to a diversified portfolio of hybrid (debt/ equity) and fixed income securities. The Responsible Entity expects the Fund to produce less volatile returns than are inherent in equity markets, while offering modest capital growth and some franking credits.
Fund Strategy
The Fund indirectly invests in a range of high yielding fixed income and hybrid securities through its investment in the Enhanced Income Pooled Fund. The assets which the Fund will indirectly be exposed to include, Floating rate notes, Convertible/converting securities, Corporate bonds, Government and semi-government securities, Structured/subordinated debt, Perpetual (non call) step-up preference securities, Cash, High yielding fixed income securities.

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 0.68% 1.95% 4.4% 9.6% 8.04% 4.93% 3.9% 4.21%
Growth return 0.28% 0.9% 2.17% 4.65% 3.61% 0.99% 0.21% 0.75%
Income return 0.4% 1.05% 2.23% 4.95% 4.43% 3.94% 3.69% 3.46%
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

Yarra Enhanced Income Fund (Direct)
Australian Equities
6.63%
Cash
5.50%
Fixed Interest
87.22%
Alternatives
0.65%
International Equities
0%
Property
0%
Average Allocation of Peers
Australian Equities
0.68%
Cash
6.54%
Fixed Interest
90.06%
Alternatives
2.16%
International Equities
0.56%
Property
0%

General Information

Fund Details
Type Description
Yarra Enhanced Income Fund (Direct)
Yarra Funds Management Limited
JBW0118AU
Diversified Credit
starstarstarstar (as at 31 Oct 2024)
Investment Fund
23 Aug 2002
$5.65 million (as at 31 Oct 2024)
n/a
$1.0201 (as at 20 Nov 2024)
Closed
Offer information
Type Description
MER 0.55% (as at 23 Jun 2024)
Indirect Cost Ratio (ICR) 1.20% (as at 30 Jun 2023)
Performance fee (not included in ICR) Not Available
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2023)

Holding (as at 31 Mar 2023) Type % of Portfolio
National Australia Bank Ltd. Bond - Convertible 3.08%
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FAQs about the Yarra Enhanced Income Fund (Direct)

The objective of the Yarra Enhanced Income Fund (Direct) managed fund is To earn higher returns than traditional cash management and fixed income investments (over the medium-to-long term) through exposure to a diversified portfolio of hybrid (debt/ equity) and fixed income securities. The Responsible Entity expects the Fund to produce less volatile returns than are inherent in equity markets, while offering modest capital growth and some franking credits.

The strategy of the Yarra Enhanced Income Fund (Direct) managed fund is The Fund indirectly invests in a range of high yielding fixed income and hybrid securities through its investment in the Enhanced Income Pooled Fund. The assets which the Fund will indirectly be exposed to include, Floating rate notes, Convertible/converting securities, Corporate bonds, Government and semi-government securities, Structured/subordinated debt, Perpetual (non call) step-up preference securities, Cash, High yielding fixed income securities.

The APIR code of the Yarra Enhanced Income Fund (Direct) managed fund is JBW0118AU.

Yarra Enhanced Income Fund (Direct)’s total return last month was 0.68%. This was made up of a growth return of 0.28% and an income return of 0.4%. These returns were calculated as at 31 Oct 2024.

Yarra Enhanced Income Fund (Direct)’s total return for the last three months was 1.95%. This was made up of a growth return of 0.9% and an income return of 1.05%%. These returns were calculated as at 31 Oct 2024.

Yarra Enhanced Income Fund (Direct)’s one-year total return is 9.6%. This was made up of a growth return of 4.65% and an income return of 4.95%. These returns were calculated as at 31 Oct 2024.

Yarra Enhanced Income Fund (Direct)’s one-year total return is 4.93%. This was made up of a growth return of 0.99% and an income return of 3.94%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Yarra Enhanced Income Fund (Direct) managed fund is :

Australian Equities
6.63%
Cash
5.50%
Fixed Interest
87.22%
Alternatives
0.65%
International Equities
0%
Property
0%

The Responsible Entity for the Yarra Enhanced Income Fund (Direct) managed fund is Yarra Funds Management Limited.

The Yarra Enhanced Income Fund (Direct) managed fund belongs to the Diversified Credit sector/asset class.

As at 31 Oct 2024, the size of the Yarra Enhanced Income Fund (Direct) managed fund was $5.65 million.

The Yarra Enhanced Income Fund (Direct) managed fund has an inception date of 23 Aug 2002.

The current entry price of the Yarra Enhanced Income Fund (Direct) managed fund is $ per unit and the current exit price is $1.0201 per unit (as at 20 Nov 2024).

The current exit price of the Yarra Enhanced Income Fund (Direct) managed fund is $1.0201 per unit and the current entry price is $ per unit (as at 20 Nov 2024).

The minimum initial investment amount for the Yarra Enhanced Income Fund (Direct) managed fund is $10,000. Minimum additional investment is $1000.

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.