Hybrid Income Fund - Managed Fund

Fund Objective

The Investment Manager aims to provide Investors with access to an actively managed, low-volatility, diversified portfolio with a core focus on Australian APRA-regulated capital instruments including hybrids and subordinated debt, as well as senior debt. The Fund's minimum target return is the RBA cash rate plus 300 basis points (after fees and tax).

Fund Strategy

The Investment Manager intends to apply a tactical approach in terms of which securities it invests in and the timing of such investments with the aim of delivering Investors with a robust ongoing risk-adjusted yield through market and interest rate cycles.

Fund Performance Comparison

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Peers

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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.

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Fees Comparison

% p.a.

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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	0.71%	2.37%	2.74%	6.77%	6.96%	6.58%	5.51%	-%
Growth return	0.39%	0.74%	-0.1%	1.83%	1.95%	2.16%	2.86%	-%
Income return	0.32%	1.63%	2.84%	4.94%	5.01%	4.42%	2.65%	-%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	0.33%	1.05%	3.11%	4.31%	4.73%	3.74%	-0.03%	2.14%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Hybrid Income Fund

Cash: 0.48%

Fixed Interest: 99.52%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 6.57%

Fixed Interest: 92.51%

Australian Equities: 0.63%

International Equities: 0.02%

Property & Infrastructure: 0.02%

Alternatives: 0.25%

General Information

Fund Details

Type	Description
Fund Name	Hybrid Income Fund
APIR Code	EVO3184AU
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	30 Sep 2015
Fund Size	$375 million (as at 31 Aug 2025)
Entry Price	$1.0826 (as at 12 Sep 2025)
Exit Price	$1.0815 (as at 12 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.70% (as at 5 Feb 2025)
Indirect Cost Ratio (ICR)	0% (as at 30 Jun 2024)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$10,000.00

Top 10 holdings (as at 31 Aug 2025)

Holding (as at 31 Aug 2025)	Type	% of Portfolio
ANZ Holdings (New Zealand) Ltd Co. 0.06512%	Bond - Corporate Bond	5.92%
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FAQs about the Hybrid Income Fund

What is the objective of the Hybrid Income Fund managed fund?

The objective of the Hybrid Income Fund managed fund is The Investment Manager aims to provide Investors with access to an actively managed, low-volatility, diversified portfolio with a core focus on Australian APRA-regulated capital instruments including hybrids and subordinated debt, as well as senior debt. The Fund's minimum target return is the RBA cash rate plus 300 basis points (after fees and tax).

What is the strategy for the Hybrid Income Fund managed fund?

The strategy of the Hybrid Income Fund managed fund is The Investment Manager intends to apply a tactical approach in terms of which securities it invests in and the timing of such investments with the aim of delivering Investors with a robust ongoing risk-adjusted yield through market and interest rate cycles.

What is the APIR code of the Hybrid Income Fund managed fund?

The APIR code of the Hybrid Income Fund managed fund is EVO3184AU.

What was Hybrid Income Fund’s total return last month?

Hybrid Income Fund’s total return last month was 0.71%. This was made up of a growth return of 0.39% and an income return of 0.32%. These returns were calculated as at 31 Aug 2025.

What was Hybrid Income Fund’s total return for the last three months?

Hybrid Income Fund’s total return for the last three months was 2.37%. This was made up of a growth return of 0.74% and an income return of 1.63%%. These returns were calculated as at 31 Aug 2025.

What is Hybrid Income Fund’s one-year total return?

Hybrid Income Fund’s one-year total return is 6.77%. This was made up of a growth return of 1.83% and an income return of 4.94%. These returns were calculated as at 31 Aug 2025.

What is Hybrid Income Fund’s three-year total return?

Hybrid Income Fund’s one-year total return is 6.58%. This was made up of a growth return of 2.16% and an income return of 4.42%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Hybrid Income Fund managed fund?

The asset allocation of the Hybrid Income Fund managed fund is :

Cash: 0.48%

Fixed Interest: 99.52%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

What sector/asset class does the Hybrid Income Fund managed fund belong to?

The Hybrid Income Fund managed fund belongs to the Unconstrained Fixed Income sector/asset class.

What is the size of the Hybrid Income Fund managed fund?

As at 31 Aug 2025, the size of the Hybrid Income Fund managed fund was $375 million.

What is the inception date of the Hybrid Income Fund managed fund?

The Hybrid Income Fund managed fund has an inception date of 30 Sep 2015.

What is the current entry price of the Hybrid Income Fund managed fund?

The current entry price of the Hybrid Income Fund managed fund is $1.0826 per unit and the current exit price is $1.0815 per unit (as at 12 Sep 2025).

What is the current exit price of the Hybrid Income Fund managed fund?

The current exit price of the Hybrid Income Fund managed fund is $1.0815 per unit and the current entry price is $1.0826 per unit (as at 12 Sep 2025).

What is the minimum investment amount for the Hybrid Income Fund managed fund?

The minimum initial investment amount for the Hybrid Income Fund managed fund is $10,000.

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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