Fund overview
The Enhanced Yield Fund aims to create long term wealth through identifying and profiting from market anomalies predominately in corporate bond, hybrid security, and other compelling debt market opportunities around the world. Originally developed to invest the portion of PM Capital's own money which would otherwise sit in cash, the Fund was opened to co-investors as we realised our problem – how to produce regular income and attractive returns with low volatility – was shared by many other investors, and our solution may be able to help them achieve their own goals.
Investment objective
|
To provide investors a return in excess of the Reserve Bank of Australia’s (RBA) cash rate. The Fund aims to outperform the RBA cash rate with a low degree of volatility and minimal risk of capital loss. |
Fund facts
Fundamental, bottom-up, research-intensive approach
2 years plus
The Fund may be appropriate for investors seeking capital preservation and potential return in excess of the Reserve Bank of Australia's cash rate with a low degree of volatility
Jarod Dawson
Unlisted fixed income fund, $AUD
APIR PMC0103AU
APIR PMC4700AU (Class B)
ARSN 099 581 558
PML01
PML02 (Class B)
Investment product ratings*
| Researcher | Rating |
 |
Click to reveal rating. By clicking you confirm your status as a financial adviser |
 |
Click to reveal rating. By clicking you confirm your status as a financial adviser |
|
|
Click to reveal rating. By clicking you confirm your status as a financial adviser |
| Contact us for reports. |
Zenith's Andrew Yap and EYF's Jarod Dawson discuss the Fund
The Fund may be suitable if you are looking for:
Steady income
Attractive levels of income to help fund your lifestyle
Capital stability
Investors in the Fund over the recommended minimum time (2 plus years) have received attractive returns in excess of cash since inception (and were provided 100% liquidity) with a low degree of volatility - despite events such as the Global Financial Crisis and the European Debt Crisis.
Experience
Access to a portfolio of stand-out investments chosen by an experienced team backed by an established philosophy and process
Purpose built
The Fund is built security by security, handpicked by the PM Capital team. The return profile has been, and may continue to be, significantly different to that provided by more traditional benchmark-aware global bond funds
Hedged currency - reduced risk
There is no material currency exposure in the Fund - as far as practicable foreign currency exposures are converted back to Australian Dollars
Meet the Manager
Jarod Dawson's biography See the latest EYF related insights here
Why invest?
DependableA minimum 20% cash position helps the Fund preserve capital and achieve its investment objectives with low volatility. The Fund’s process is effective and repeatable, based on a philosophy developed over 20 years. This has produced attractive returns for co-investors. |
CarefulWe have an authentic investment process where our exposure to industry sectors, geographic regions or market capitalisation is determined solely by our conviction in individual risk/ reward opportunities that we identify. No conviction = no investment. |
Co-investmentOur co-investors receive access to a unique subset of opportunities to which they would otherwise find difficult to access. The management team have significant investments in the PM Capital Global Yield strategy – they invest for and with you.
|
This information does not constitute advice or recommendations, and is subject to change without notice. It does not take into account the objectives, financial situation or needs of any investor which should be considered before investing. Investors should consider a copy of the current Product Disclosure Statement, and seek their own financial advice prior to investing. Past performance is not a reliable guide to future performance and the capital and income of any investment may go down as well as up due to various market forces. The investment objective is not a forecast, and is only an indication of what the investment strategy aims to achieve over the medium to long term.
© 2022 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information.
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned September 2023) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at www.zenithpartners.com.au.
The rating issued 09/2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold
any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.
