MIF C - Managed Fund

Fund Objective

The Fund aims to achieve superior outcomes across two investment objectives: 1. Greater income than the Bloomberg Ausbond Bank Bill Index (after fees) quarterly. 2. Greater total return than the Bloomberg Ausbond Bank Bill Index (after fees) over a rolling 12-month period .

Fund Strategy

Mutual's investment process is based on using bottom-up fundamental analysis to determine the relative value and appropriateness of the various Australian bank bonds available within the market. The cornerstone of Mutual's investment philosophy is security with performance. The team's research process places its emphasis on mitigating downside risks by attempting to provide investors with a high level of capital preservation and outperforming the Bloomberg Index, while generating excess net cash returns to investors.

Fund Performance Comparison

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-0.49%	-0.65%	-0.8%	-0.25%	1.86%	1.21%	1.81%	-%
Growth return	-0.49%	-0.65%	-1.75%	-2.24%	0.59%	-0.21%	-0.21%	-%
Income return	0%	0%	0.95%	1.99%	1.27%	1.42%	2.02%	-%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return	0.75%	1.93%	2.33%	4.78%	6.56%	4.35%	-0.42%	1.97%

As at 31 Mar 2022. Returns for periods greater than 1 year are annualised. All figures are percentages.

General Information

Fund Details

Type	Description
Fund Name	MIF C
Responsible Entity	Mutual Limited
APIR Code	PRM0017AU
Sector/Asset Class	Diversified Credit
Morningstar Rating	(as at 31 Mar 2022)
Legal Structure	Investment Fund
Fund Inception	19 Apr 2013
Fund Size	$110.32 million (as at 31 Jan 2022)
Entry Price	$1 (as at 26 Apr 2022)
Exit Price	$1 (as at 26 Apr 2022)
Fund Status	Open

Offer information

Type	Description
MER	0.53% (as at 28 Jun 2019)
Indirect Cost Ratio (ICR)	0.53% (as at 30 Jun 2021)
Performance fee (not included in ICR)	0
Minimum initial investment	$20,000
Minimum additional investments	$5,000.00
Minimum redemption amount	$5,000.00

Top 10 holdings (as at 30 Jun 2025)

Holding (as at 30 Jun 2025)	Type	% of Portfolio
ANZ Group Holdings Ltd.	Bond - Corporate Bond	4.01%
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FAQs about the MIF C

What is the objective of the MIF C managed fund?

The objective of the MIF C managed fund is The Fund aims to achieve superior outcomes across two investment objectives: 1. Greater income than the Bloomberg Ausbond Bank Bill Index (after fees) quarterly. 2. Greater total return than the Bloomberg Ausbond Bank Bill Index (after fees) over a rolling 12-month period .

What is the strategy for the MIF C managed fund?

The strategy of the MIF C managed fund is Mutual's investment process is based on using bottom-up fundamental analysis to determine the relative value and appropriateness of the various Australian bank bonds available within the market. The cornerstone of Mutual's investment philosophy is security with performance. The team's research process places its emphasis on mitigating downside risks by attempting to provide investors with a high level of capital preservation and outperforming the Bloomberg Index, while generating excess net cash returns to investors.

What is the APIR code of the MIF C managed fund?

The APIR code of the MIF C managed fund is PRM0017AU.

What was MIF C’s total return last month?

MIF C’s total return last month was -0.49%. This was made up of a growth return of -0.49% and an income return of 0%. These returns were calculated as at 31 Mar 2022.

What was MIF C’s total return for the last three months?

MIF C’s total return for the last three months was -0.65%. This was made up of a growth return of -0.65% and an income return of 0%%. These returns were calculated as at 31 Mar 2022.

What is MIF C’s one-year total return?

MIF C’s one-year total return is -0.25%. This was made up of a growth return of -2.24% and an income return of 1.99%. These returns were calculated as at 31 Mar 2022.

What is MIF C’s three-year total return?

MIF C’s one-year total return is 1.21%. This was made up of a growth return of -0.21% and an income return of 1.42%. These returns were calculated as at 31 Mar 2022.

What is the asset allocation of the MIF C managed fund?

The asset allocation of the MIF C managed fund is :

Cash: 5.91%

Fixed Interest: 94.09%

Australian Equities: 0%

International Equities: 0%

Alternatives: 0%

Who is the responsible Entity of the MIF C managed fund?

The Responsible Entity for the MIF C managed fund is Mutual Limited.

What sector/asset class does the MIF C managed fund belong to?

The MIF C managed fund belongs to the Diversified Credit sector/asset class.

What is the size of the MIF C managed fund?

As at 31 Jan 2022, the size of the MIF C managed fund was $110.32 million.

What is the inception date of the MIF C managed fund?

The MIF C managed fund has an inception date of 19 Apr 2013.

What is the current entry price of the MIF C managed fund?

The current entry price of the MIF C managed fund is $1 per unit and the current exit price is $1 per unit (as at 26 Apr 2022).

What is the current exit price of the MIF C managed fund?

The current exit price of the MIF C managed fund is $1 per unit and the current entry price is $1 per unit (as at 26 Apr 2022).

What is the minimum investment amount for the MIF C managed fund?

The minimum initial investment amount for the MIF C managed fund is $20,000. Minimum additional investment is $5000.

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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