Suitability and risk
Suits members who want to invest in a specific asset class and are less comfortable with large fluctuations in the value of their investments.
4 years
Suggested minimum investment time frame
High
Summary risk level
Sector
Option type
$86.7 million
Option size1
As at 31 January 2021
Expected frequency of negative annual return
4 to less than 6 in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.39% | Pension: 0.30%
Objective and performance
This option invests in a range of global, Australian and New Zealand corporate bonds with some flexibility to consider allocations to other securities (including but not limited to) hybrids, emerging market debt, residential mortgage-backed securities, commercial mortgage-backed securities, cash (including short dated government securities) and municipal bonds when appropriate. Although unlikely, equity holdings may arise in the event of a default, restructure or conversion of an existing credit security.
Objective
To achieve returns that exceed the RBA cash rate by 1.0% over 4 years.2
Performance against objective
2% p.a. over 4 years
As at 31 Dec 2020
RBA cash rate | Diversified Credit Income performance | Outperformance |
---|---|---|
2.2 | 2.3 | 0.1 |
Performance objectives are not promises or predictions of any particular rate of return.
Performance against peers
2Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 Jan 2021
Timeframe | Diversified Credit Income performance | SuperRatings median performance | Outperformance |
---|---|---|---|
1 month | 0.05 | - | - |
3 months | 1.68 | - | - |
Financial year to date | 3.28 | - | - |
1 year | 1.03 | - | - |
3 years | 1.73 | - | - |
5 years | 2.82 | - | - |
7 years | - | - | - |
10 years | - | - | - |
Periods less than a year are not annualised. Some performance data are not yet available for this option.
Diversified Credit Income option performance ($)
2As at 08 Mar 2021
Performance against peers
2Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 Jan 2021
Timeframe | Diversified Credit Income performance | SuperRatings median performance | Outperformance |
---|---|---|---|
1 month | 0.06 | - | - |
3 months | 1.93 | - | - |
Financial year to date | 3.78 | - | - |
1 year | 1.23 | - | - |
3 years | 2.08 | - | - |
5 years | 3.39 | - | - |
7 years | - | - | - |
10 years | - | - | - |
Periods less than a year are not annualised. Some performance data are not yet available for this option.
Diversified Credit Income option performance ($)
2As at 08 Mar 2021
Allocations
Strategic asset allocation
3As at 01 October 2020
Asset class | Allocation |
---|---|
Global Credit
|
65.0% |
Australian & New Zealand Credit
|
35.0% |
Global High Yield
|
0.0% |
Australian Shares
|
0.0% |
International Shares
|
0.0% |
- National Australia Bank - Capital Notes
- Auckland International Airport Ltd 09/2027
- Kiwibank Ltd 10/2027
- Nationwide Building Society 08/2024
- NBN Co Ltd 12/2030
- GPT Wholesale Shopping Centre Fund 09/2024
- AusNet Services Holdings Pty Ltd 08/2028
- Ausgrid Finance Pty Ltd 10/2024
- Spark Finance Ltd 10/2027
- SWEDBANK AB 0.20 01/12/28
- Public Service Electric & Gas Co 08/2024
- Barclays PLC 04/2025
- Commonwealth Bank of Australia - Perls
- Bank of New York Mellon Corp/The 05/2024
- AMP Capital Wholesale Office Fund 10/2021
- Entergy Louisiana LLC 09/2023
- PepsiCo Inc 2.625 04/2026
- US Bancorp 01/2024
- NSW Electricity Networks Finance 09/2030
- New Terminal Financing Co 07/2024