Montgomery will now distribute the Aura High Yield SME Fund, which seeks to provide stable monthly income targeting 9-12% returns from a diversified portfolio of debt securities, principally issued by lenders to SME businesses in Australia.
At present, the Fund has delivered a 8.65% 1-year return and has achieved total returns of 55.34% since inception—after expenses and assuming distribution reinvestment—and an average monthly distribution of 0.78%*. The Fund has a weighted average loan size of $100,000 and an average duration of four months.
“We are excited to commence the distribution partnership with Montgomery,” said Director of Credit and Portfolio Manager Brett Craig. “We have spent a considerable amount of time with the team and are impressed with the client relationships that have been developed over the last decade, and the distribution capability within Montgomery.”
Aura Group and Montgomery Investment Management are looking forward to working together and will be bringing a second credit income offer to market later in 2022 for retail investors.
Read more about Aura High Yield SME Fund here.
*Past performance is not a reliable indicator of future performance. All data as at date of publication and subject to change.