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Printed: 05 February 2023 8:16 AM

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24 Jan 2023 - Performance Report: ASCF High Yield Fund

By: FundMonitors.com

Report Date24 January 2023
ManagerAustralian Secure Capital Fund
Fund NameASCF High Yield Fund
StrategyPrivate Debt/Mortgage
Latest Return DateDecember 2022
Latest Return0.53%
Latest 6 Months3.19%
Latest 12 Months6.55%
Latest 24 Months (pa)7.00%
Annualised Since Inception8.41%
Inception Date01 March 2017
FUM (millions)AU$133.609
Fund Overview

ASCF 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 5.00% - 6.55% per annum depending on their investment term.

Manager CommentsThe ASCF High Yield Fund rose by +0.53% in December, an outperformance of +2.59% compared with the Bloomberg AusBond Composite 0+ Yr benchmark which fell by -2.06%.

The ASCF High Yield Fund has a track record of 5 years and 10 months and has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in March 2017, providing investors with an annualised return of 8.41% compared with the benchmark's return of 0.95% over the same period.

On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 10 months since its inception. 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 -12.97%.

The Manager has delivered these returns with 4.12% less volatility than the benchmark, contributing to a Sharpe ratio which has consistently remained above 1 over the past five years and which currently sits at 17.08 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 76% and a down-capture ratio of -72%.
More Information

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