PLEASE NOTE: On 15th December 2020, Prime Value Cash Plus Fund changed its name to Prime Value Enhanced Income Fund.

 

OUR INVESTMENT OBJECTIVE

Capital stability and regular income.

The Fund aims to provide regular quarterly income with “low” risk exposure of capital loss in the medium term appreciating that market and other factors can cause variations from time to time in the Fund’s unit price. Funds are invested in a diverse range of debt securities in Australia.

CAPITAL PRESERVATION AND RETURN
    • Major objective of the Fund
    • Securities or issuers are generally rated “Investment Grade”
    • Credit risks actively monitored
    • Benchmark is the 90 day BBSW rate as published on the ASX website plus 2% (the benchmark was changed to 90 day BBSW rate from the RBA Official Cash rate on 15 December 2020 as the BBSW rate is more in-keeping with the objectives of the Fund)
    • Benchmark consistently exceeded since Fund inception 2014
    • Fund not managed for “excessive“ returns which compromise capital preservation*

    *Preservation of investor capital is our key objective however the unit prices of the Fund can vary according to market factors and other factors that may affect the prices of securities in the investment portfolio from time to time.

LIQUIDITY
    • Entry/exit costs to Fund are minimal facilitating investor applications/deposits and redemptions/withdrawals
    • All securities can be bought/sold in the market facilitating investor redemptions
    • We deal across a range of brokers and diverse debt security types so have access to different sources of liquidity for different securities
DIVERSIFIED PORTFOLIO
    • 25-30 debt securities typically held
    • Predominately major banks/ financial institutions
    • Debt securities include senior secured, unsecured, subordinated and hybrid
RISKS
    • Credit, term, liquidity risks managed rigorously
    • Mistakes compromising capital preservation* not tolerated

    *Preservation of investor capital is our key objective however the unit prices of the Fund can vary according to market factors and other factors that may affect the prices of securities in the investment portfolio from time to time.

PERFORMANCE
    • Since 2014 met return benchmark with capital stability
    • Quarterly income distribution with franking credits
    • Consistently achieves very high ranking in its returns across a range of periods compared to other funds surveyed in the “YieldReport” produced by major independent research group Morningstar
NET RETURN SINCE INCEPTION

2.94% p.a *or 3.46% p.a as at 30 Apr 2021 incl. franking credit

Performance figures have been calculated in accordance with the Financial Services Council (FSC) standards and are net of management fees. No allowance has been made for taxation. Performance assumes the reinvestment of income distributions. Past performance is not necessarily an indicator of future performance.

KEY FEATURES

  • Our key objective is the preservation of investor capital, appreciating that market and other factors can cause variations from time to time in the Fund’s unit price
  • Pays quarterly distribution with franking credits
  • Generally invests in debt securities of “investment grade” rated entities and/or securities issued by ASX-listed entities – all securities in the portfolio can be readily bought/sold in the market
  • The Fund has consistently met its objectives since inception of the Fund in 2014

FUND DETAILS

Feature
Fund Facts
Investment Objective

To provide regular income with capital stability appreciating that the unit price of the Fund can vary according to market factors and other factors that may affect the prices of securities in the investment portfolio from time to time. The Fund targets a return to investors in excess of the 90 day BBSW rate as published on the ASX website plus 2% (the benchmark was changed to 90 day BBSW rate from the RBA Official Cash rate on 15 December 2020 as the BBSW rate is more inkeeping with the objectives of the Fund).

Inception Date

3 June 2014

Benchmark

90 day BBSW rate as published on the ASX website (the benchmark was changed to 90 day BBSW rate from the RBA Official Cash rate on 15 December 2020 as the BBSW rate is more in keeping with the objectives of the Fund)

Recommended Investment Period

1 + years

Distribution

Quarterly

Indirect Cost Ratio (ICR)

0.60% p.a.

Entry or Exit Fee

Nil

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FUND Performance

Performance figures have been calculated in accordance with the Financial Services Council (FSC) standards. No allowance has been made for taxation. Performance assumes the reinvestment of income distributions. Past performance is not necessarily an indicator of future performance. Please note that until 15/12/20 the Fund’s Benchmark was the RBA Cash Rate, after which it was changed to the 90 day BBSW rate as this rate is more in keeping with the objectives of the Fund.
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WE BELIEVE

Building wealth together is the heart and soul of Prime Value

TRUE STEWARDSHIP

Putting our clients first.

ALIGNMENT OF INTEREST

Prime Value has been co-investing with its investors since 1998. Building wealth together.

INDEPENDENCE & TRANSPARENCY

We are not aligned with the major financial institutions, allowing us to act in our investors' best interests with an eye on the long term.

RISK MANAGEMENT

Protecting clients' capital in difficult markets by minimising mistakes.

CULTURE

An inclusive and collaborative culture built around humility and passion for investment. This is reflected in the longevity and stability of the management and investment team.

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