The Yarra Enhanced Income Fund invests in high yielding credit and hybrid securities. It aims to deliver better returns than traditional cash management and fixed income investments over the medium to long term. As part of a diversified portfolio, it provides essential diversification to traditional asset classes.
Regular, stable income
Enjoy monthly distributions with relatively low capital volatility, low or no interest rate duration, and modest capital growth with some franking credits.
Highly diverse
The Fund’s exposure to more than 100 securities provides defensive protection against more traditional asset classes and helps mitigate downside risk.
Deeply researched
Our large investment team focuses exclusively on Australian fixed income. This depth of insight gives us an edge when building conviction in the best-returning issuers and sectors.
| Gross Performance 31 October 2024 |
% per month | % per annum | since inception %p.a1 |
||||
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | 3 | 5 | 10 | ||
| Yarra Enhanced Income Strategy | 0.77% | 2.26% | 10.92% | 6.19% | 5.23% | 5.72% | 6.25% |
| Yarra Enhanced Income Strategy (incl. franking) | 0.79% | 2.30% | 11.07% | 6.33% | 5.31% | 6.04% | 6.84% |
| RBA Cash Rate | 0.36% | 1.08% | 4.36% | 2.92% | 1.85% | 1.75% | 3.28% |
| Relative Return | 0.41% | 1.18% | 6.56% | 3.27% | 3.38% | 3.96% | 2.97% |
CHART
| Net Performance 31 October 2024 |
% per month | % per annum | since inception %p.a1 |
||||
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | 3 | 5 | 10 | ||
| Yarra Enhanced Income Fund | 0.73% | 2.11% | 10.31% | 5.61% | 4.62% | 5.00% | 5.47% |
| Yarra Enhanced Income Fund (incl. franking) | 0.75% | 2.16% | 10.46% | 5.74% | 4.70% | 5.32% | 6.05% |
| RBA Cash Rate | 0.36% | 1.08% | 4.36% | 2.92% | 1.85% | 1.75% | 3.28% |
| Relative Return | 0.36% | 1.04% | 5.95% | 2.69% | 2.77% | 3.25% | 2.19% |
How we invest
To deliver consistent income, we hold a blend of high yielding fixed income and hybrid securities. By assessing the relative value between securities, we can take advantage of market inefficiencies to capture attractive risk adjusted returns across cycles. The Fund has consistently outperformed its benchmark, providing investors with regular income and the potential for capital growth and franking credits.
In-depth analysis
To systematically uncover and exploit sources of value, we apply quantitative and qualitative analysis across an investable universe of more than 5,000 securities.
Robust risk controls
We complete a relative value analysis of every investment. Our credit risk modelling means we’re continuously assessing the risk versus return to appropriately size our positions.
A proven process
Our fixed income team employs a disciplined and repeatable investment process, incorporating ESG assessment and backed by leading technologies and proprietary tools.
Investment summary
Inception Date
June 2003
Unit Pricing
Daily
Investment Horizon
Medium term 3-5 years
Distribution Frequency
Monthly
Minimum Initial Investment
$10,000
No. of Holdings
Generally 100-140
Management Fees
0.55% p.a.
APIR Code
JBW0018AU
Buy/Sell Spread
+/- 0.10%
ARSN Code
104 463 336
Investment summary
Inception Date
June 2003
Management Fees
By negotiation
Investment Horizon
Medium term 3-5 years
No. of Holdings
Generally 100-140
Co-Head of Australian Fixed Income
Roy Keenan
Head of Australian Credit Research
Phil Strano
Our Enhanced Income Fund has outperformed the benchmark since inception in 1999.
Managed by Yarra since 2018, this strategy is available through the UBS Australian Small Companies Fund
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