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DMP Enhanced Income Trust

The DMP Enhanced Income Trust (DEIT) was launched on 1 April 2020, with SG Hiscock & Company Limited (SGH) as the Investment Manager and DMP Asset Management Ltd (DMP) as the Sub-Investment Manager.

DMP, through its predecessor firms, was established in 1991.  In March 2019, DMP merged with SGH to form an investment management organisation with substantial experience, shared cultures and complementary strengths in investment management, research and managing bespoke private client portfolios. Both businesses retain their separate AFSL licenses and brands to ensure a clear focus on the two pillars of business within the merged entity, namely Institutional mandates and retail unit trusts (SGH) and wholesale tailored portfolio services (DMP).

At a Glance

Investment Manager SG Hiscock & Company Limited
Sub-Investment Manager DMP Asset Management Ltd
Commencement 01 April 2020
APIR ETL6695AU
Minimum Initial Investment $20,000
Management Costs[1] 0.21%
Performance Fee[2] 20.50%

 

[1] Includes estimated GST payable, after taking into account Reduced Input Tax Credits (“RITC”).
[2] Performance Fee: 20.50% of the amount by which the Trust’s performance exceeds the performance hurdle (Bloomberg AusBond Bank Bill Index (BAUBIL) plus 1%). Any underperformance from a prior period must be recouped before a fee can be taken (we call this the High-Water Mark).

At a Glance

Distributions Quarterly
Buy Spread 0.10%
Sell Spread 0.10%
Trust Brochure Download
Quarterly Fact Sheet Download
Annual Report Download

 

 

Performance

Periods Ending 31 August 2020 1 mth % 3 mths %
Total Net Return
Bloomberg AusBond Bank Bill Index
Total Net Return vs Index
Past performance is not a reliable indicator of future performance.  Performance for periods of less than 12 months is not annualised
Performance: Total Net Return is the Trust return after the deduction of ongoing fees and performance fees and assumes the reinvestment of all distributions

 

Performance

1 mth % 3 mths % Since Inception % (1/4/2020)
 +0.74 +2.07 +8.04
 +0.01 +0.03 +0.08
 +0.73 +2.04 +7.96

Distributions

30 June 2020            0.217 cents per unit

Investment strategy

The Trust is designed to provide a quarterly income stream and medium to long-term capital growth potential and seeks to outperform the Bloomberg AusBond Bank Bill Index (BAUBIL) plus 1% after fees over a rolling 12 month period.

Investment parameters

To achieve its investment objective, the Trust will:

  • Invest in a group of securities comprising:
    • Securities listed on the Australian Securities Exchange including:
      • Australian equities that meet a yield criteria
      • Corporate Bonds
      • Hybrid securities
      • Subordinated debt
  • Unlisted securities issued in the Australian market that pay a fixed or floating rate of interest
  • Have no minimum weighting to cash. In the event there is considered material downside risk cash can increase to 100%.
  • Hold an individual security limit of no more than 15%.
  • Have a maximum weighting of 15% to Australian equities
  • Specific consideration is not given to sector diversification, however the portfolio is suitably diversified at all times.
  • The Trust may use derivatives for risk management purposes, as substitutes for physical securities, but the Trust will not be geared.

How to Invest

1. Read the Product Disclosure Statement and complete the Application Form PDS Download
2. Read the Reference Guide in conjunction with the Product Disclosure Statement Reference Guide Download

Additional Forms

Download and complete the Additional Application Form Additional Application Form Download
Download and complete the Redemption Request Form Redemption Request Form Download
Download and complete the Change of Details Form Change of Details Form Download

Investment Team