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| Fund Overview | 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 Comments | The ASCF High Yield Fund has a track record of 4 years and 10 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in March 2017, the fund has outperformed the Bloomberg AusBond Composite 0+ Yr Index, providing investors with an annualised return of 8.8%, compared with the index's return of 3.31% over the same time period. The fund has not had a negative annual return or drawdown in the 4 years and 10 months since its inception. The Manager has delivered these returns with -3.35% less volatility than the index, contributing to a Sharpe ratio which has never fallen below 1 and currently sits at 24.15 since inception. The fund has provided positive monthly returns 100% of the time in rising markets, and 100% of the time when the market was negative, contributing to an up capture ratio since inception of 87% and a down capture ratio of -96%. |
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