The June 2023 Enhanced Yield Fund video update below provides the latest information on the performance of the Fund, investment activity and market outlook.
In this video Jarod Dawson, Portfolio Manager discusses:

  • How the Fund has benefited from effectively zero exposure to interest rates at the start of the rate rise cycle;
  • The Fund’s current positioning in the context of the RBA likely being close to the end of its tightening cycle;
  • Additional investments made in industry leaders, setting a foundation for future returns.

“The extensive due diligence that our team performs at both a company level, and a broader macroeconomic level […] is how we were able to successfully navigate what has been one of the most volatile years in fixed income markets that I have experienced in my over two decades of fixed income investing.” 

 

 

 

 

June Managed Funds Quarterly Report

 

This insight is issued by PM Capital Limited ABN 69 083 644 731 AFSL 230222 as responsible entity for the PM Capital Enhanced Yield Fund (ARSN 099 581 558, the ‘Fund’). It contains summary information only to provide an insight into how we make our investment decisions. This information does not constitute advice or a recommendation, 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 the Target Market Determinations and the current Product Disclosure Statement (which are available from us), and obtain their own financial advice, prior to making an investment. The PDS explains how the Fund’s Net Asset Value is calculated. 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. 

The Yield to Maturity is before fees. The yield to maturity is not a forecast of expected Fund performance (including distributions) and it provides a simple snapshot (at the time of this report) of the estimated before fees yield return of the portfolio holdings should they be held to maturity, and assumes that the bond issuers meet all their coupon and maturity obligations.