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SGH Enhanced Income Trust
The SGH Enhanced Income Trust (EIT) was launched on 1 April 2020, with SG Hiscock & Company Limited (SGH) as the Investment Manager
Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS) (including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.
Quarterly Fact Sheet
How to invest
STRATTON BELL – DECEMBER 2023 QUARTERLY FUND UPDATE
At a Glance
Download
At a Glance
| Investment Manager | SG Hiscock & Company Limited |
| Commencement | 01 April 2020 |
| Management Costs* | 0.21% |
| Performance Fee** | 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).
Performance
| Periods Ending 30 June 2021 |
| Total Net Return |
| Bloomberg AusBond Bank Bill Index (BAUBIL) + 1% |
| Total Net Return vs. the Benchmark |
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
*Inception Date: 1/4/2020
Performance
| 1 mth % | 3 mths % | 6 mths % | 1 Year % | Since Inception* % |
| 0.42 | 1.08 | 2.25 | 4.77 | 9.55 |
| 0.08 | 0.26 | 0.51 | 1.06 | 1.10 |
| 0.34 | 0.82 | 1.74 | 3.71 | 8.45 |
Distributions
30 June 2020 0.22 cents per unit
30 September 2020 0.22 cents per unit
31 December 2020 0.34 cents per unit
31 March 2021 0.34 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
- Securities listed on the Australian Securities Exchange including:
- 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.
Performance as at 31 March 2024. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
HOW TO INVEST
Existing investor with Apex investor number:
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete additional investment form and send to Apex Fund Services Unit Registry.
- If using BPAY® no form is required. BPAY® Biller Code is 349712. You will need your Customer Reference Number (CRN) which you received from Apex Fund Services.
Please contact Apex Fund Services at 1300 133 451 if you require assistance.
Not an existing investor:
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Submit application form online.
OR
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete an application form and send to Apex Fund Services Unit Registry.
