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16 Jun 2022 - Performance Report: ASCF High Yield Fund


Report Date16 June 2022
ManagerAustralian Secure Capital Fund
Fund NameASCF High Yield Fund
StrategyPrivate Debt/Mortgage
Latest Return DateMay 2022
Latest Return0.55%
Latest 6 Months3.30%
Latest 12 Months7.03%
Latest 24 Months (pa)7.57%
Annualised Since Inception8.63%
Inception Date01 March 2017
FUM (millions)AU$132.356
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 +0.55% in May, an outperformance of +1.44% compared with the Bloomberg AusBond Composite 0+ Yr Index which fell by -0.89%.

The ASCF High Yield Fund has a track record of 5 years and 3 months and has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in March 2017, providing investors with an annualised return of 8.63% compared with the index's return of 1.39% over the same period.

On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 3 months since its inception. Over the past 12 months, 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 -10.81%. Since inception in March 2017, the fund's largest drawdown was 0% vs the index's maximum drawdown over the same period of -11.09%.

The Manager has delivered these returns with 3.75% less volatility than the index, contributing to a Sharpe ratio which has consistently remained above 1 over the past five years and which currently sits at 23.51 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 -79%.
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