360 Capital Credit Income - Managed Fund (Closed)

Fund Objective

The investment objective of the Fund is to generate a return to investors of 4% p.a. above the RBA cash rate (net of fees, costs and taxes incurred by the Fund), paid monthly (Target Return). The Fund aims to achieve this by providing loan facilities to mid-market corporates, diversified by borrower, sector, geography and maturity.

Fund Strategy

Through active origination and management, the Fund aims to invest in a portfolio of Australian and New Zealand corporate loan assets. This strategy aims to exploit market inefficiencies (and an associated funding gap) driven by increased capital adequacy requirements on traditional bank lenders and increasing risk and compliance costs. In addition to this dynamic, there is an increase in borrower demand for alternative sources of debt capital.

Fund Performance Comparison

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Peers

Benchmark ({{ fund.benchmark.name }})

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0%	0.42%	1.05%	-%	-%	-%	-%	-%
Growth return	0%	0%	0%	-%	-%	-%	-%	-%
Income return	0%	0.42%	1.05%	-%	-%	-%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.35%	1%	1.93%	3.79%	4.06%	4.13%	3.03%	2.16%

As at 30 Nov 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Alternatives: 19.22%

Australian Equities: 4.80%

International Equities: 2.78%

Cash: 55.80%

Property & Infrastructure: 1.92%

Fixed Interest: 15.48%

General Information

Fund Details

Type	Description
Fund Name	360 Capital Credit Income
Fund Status	Closed
APIR Code	TFG8405AU
Sector/Asset Class	Miscellaneous
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	14 Jan 2020
Fund Size	n/a
Entry Price	$2 (as at 30 Nov 2020)
Exit Price	$2 (as at 30 Nov 2020)
Fund Status	Finalised

Offer information

Type	Description
Minimum initial investment	$2,000.00
Minimum additional investments	$500.00

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FAQs about the 360 Capital Credit Income

What is the objective of the 360 Capital Credit Income managed fund?

The objective of the 360 Capital Credit Income managed fund is The investment objective of the Fund is to generate a return to investors of 4% p.a. above the RBA cash rate (net of fees, costs and taxes incurred by the Fund), paid monthly (Target Return). The Fund aims to achieve this by providing loan facilities to mid-market corporates, diversified by borrower, sector, geography and maturity.

What is the strategy for the 360 Capital Credit Income managed fund?

The strategy of the 360 Capital Credit Income managed fund is Through active origination and management, the Fund aims to invest in a portfolio of Australian and New Zealand corporate loan assets. This strategy aims to exploit market inefficiencies (and an associated funding gap) driven by increased capital adequacy requirements on traditional bank lenders and increasing risk and compliance costs. In addition to this dynamic, there is an increase in borrower demand for alternative sources of debt capital.

What is the APIR code of the 360 Capital Credit Income managed fund?

The APIR code of the 360 Capital Credit Income managed fund is TFG8405AU.

What was 360 Capital Credit Income’s total return last month?

360 Capital Credit Income’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 30 Nov 2020.

What was 360 Capital Credit Income’s total return for the last three months?

360 Capital Credit Income’s total return for the last three months was 0.42%. This was made up of a growth return of 0% and an income return of 0.42%%. These returns were calculated as at 30 Nov 2020.

What is 360 Capital Credit Income’s one-year total return?

360 Capital Credit Income’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Nov 2020.

What is 360 Capital Credit Income’s three-year total return?

360 Capital Credit Income’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Nov 2020.

What is the asset allocation of the 360 Capital Credit Income managed fund?

The asset allocation of the 360 Capital Credit Income managed fund is :

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

What sector/asset class does the 360 Capital Credit Income managed fund belong to?

The 360 Capital Credit Income managed fund belongs to the Miscellaneous sector/asset class.

What is the size of the 360 Capital Credit Income managed fund?

As at , the size of the 360 Capital Credit Income managed fund was $ million.

What is the inception date of the 360 Capital Credit Income managed fund?

The 360 Capital Credit Income managed fund has an inception date of 14 Jan 2020.

What is the current entry price of the 360 Capital Credit Income managed fund?

The current entry price of the 360 Capital Credit Income managed fund is $2 per unit and the current exit price is $2 per unit (as at 30 Nov 2020).

What is the current exit price of the 360 Capital Credit Income managed fund?

The current exit price of the 360 Capital Credit Income managed fund is $2 per unit and the current entry price is $2 per unit (as at 30 Nov 2020).

What is the minimum investment amount for the 360 Capital Credit Income managed fund?

The minimum initial investment amount for the 360 Capital Credit Income managed fund is $2,000. Minimum additional investment is $500.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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