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Printed: 02 December 2023 4:30 AM


28 Feb 2022 - Performance Report: ASCF High Yield Fund


Report Date28 February 2022
ManagerAustralian Secure Capital Fund
Fund NameASCF High Yield Fund
StrategyPrivate Debt
Latest Return DateJanuary 2022
Latest Return0.56%
Latest 6 Months3.53%
Latest 12 Months7.36%
Latest 24 Months (pa)7.95%
Annualised Since Inception8.77%
Inception Date01 March 2017
FUM (millions)AU$111.883
Fund OverviewASCF High Yield Fund provides short term 1st and/or 2nd mortgage loans to a maximum Loan to Valuation Ratio (LVR) of 80% for a maximum term of 12 months on residential and commercial property.

Does not require full valuations on loans <65% LVR.

Borrowing rates are from 12% per annum on 1st mortgage loans and 16% per annum on 2nd mortgage/caveat loans.

Pays investors between 5.55% - 6.25% per annum depending on their investment term.
Manager CommentsThe ASCF High Yield Fund rose by +0.56% in January, an outperformance of +1.58% compared with the Bloomberg AusBond Composite 0+ Yr Index which fell by -1.02%.

The ASCF High Yield Fund has a track record of 4 years and 11 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in March 2017, providing investors with an annualised return of 8.77% compared with the index's return of 3.03% over the same period.

On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 11 months since the start of its track record. Since inception in March 2017, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -5.31%.

The Manager has delivered these returns with 3.35% less volatility than the index, contributing to a Sharpe ratio which has consistently remained above 1 over the past four years and which currently sits at 24.14 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 100% of the time during periods of market decline, contributing to an up-capture ratio since inception of 87% and a down-capture ratio of -94%.
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Australian Fund Monitors Pty Ltd
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