The March 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:

  • The Fund’s consistency in preserving capital whilst generating a 1.9% return for the March quarter;
  • The significant yield opportunities that have been created as a result of the Fund's tactical interest rate positioning;
  • Where our analysis suggests the best value for investors can be found.

 

"Despite an almost unprecedented increase of 3.5% in the RBA’s official cash rate to 3.6% over the past 12 months, and the huge impact that this has had on bond markets, the Fund has in fact preserved investor capital over the past year and generated a comfortably positive return." 

 

March 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.