Clime Fixed Interest
Fund Summary

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Direct Investors

Past performance is not a reliable indicator of future performance. Returns are shown here for wholesale investors and are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.Please refer to Product Disclosure Statement/ Information Memorandum relating to the products and consider them before making any decision about whether to invest in the product or not.

Clime Fixed
Interest Fund

The Clime Fixed Interest Fund is a portfolio of lower risk, higher quality fixed income securities. Investments in the form of ordinary shares and high risk, poor quality debts are not permitted.

The fund is predominantly invested in over-the-counter (OTC) fixed income and debt market securities with limited exposure to the listed debt market.

The fund’s main aim is capital preservation. It aims to achieve a total return of RBA cash rate + 2.0% pa, via regular monthly distributions. Since the fund may invest in capital notes, the final distribution in June includes any franking from investments.

The portfolio is constructed such that the risk as defined by the annualised volatility of the change in the unit price of 1.5%±1.0%. By comparison, historically the ASX200 index has an annualised risk 10% to 18% over a normal economic cycle. At 1.5% ± 1.0%, the Fund is managed to achieve appropximately 10% of the level of equity market risk.

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Direct Investors

Investing Methodology

The Clime Fixed Interest Fund seeks to provide a monthly income stream above the RBA cash rate from a portfolio of over the counter (OTC) credit debt securities with strong price stability.

The Fund invests in select high-quality individual income generating debts assets across the investment grade spectrum including sovereign debt papers, senior and junior debts (secured and unsecured), quality high yield bonds, capital notes, RMBS and ABS with consistent income generation.

Although the Fund is permitted to invest in fixed rate bonds, it  invests mostly in floating rate notes to limit exposure to interest rate risk. Since capital preservation is the main objective of the Fund, most of the debt securities owned are high credit investment grade with smaller exposure to lower ranked debt securities.

Fund Performance