HBRD

About

The Fund provides investors with a convenient alternative to direct ownership of hybrids by offering access to a professionally managed, diversified portfolio of hybrid securities

• Invests in an actively managed portfolio of hybrid securities, bonds and cash
• If the hybrids market is assessed to be overvalued or to present a heightened risk of capital loss, the Fund can allocate more of the portfolio to lower risk securities
• A complement to or substitute for an existing direct hybrids portfolio offering greater portfolio diversification and risk management
• A core portfolio allocation providing attractive, tax-efficient income, a relatively high level of capital stability and diversification benefits

Advantages

• Professionally managed hybrids exposure – access a diversified portfolio of hybrids while seeking to reduce potential downside risk associated with owning hybrids directly
• Lower volatility – targets volatility of 3% to 4% p.a. – less than one-third of that historically displayed by the Australian sharemarket
• Risk management- the Investment Manager is able to increase exposure to cash and bonds if required given market conditions
• Potential for outperformance – Actively managed portfolio aims to deliver total returns that exceed the ASX hybrids market over time
• Regular, attractive tax-efficient income – Monthly franked income expected to be in excess of that available from cash and senior bonds
• Liquidity – may benefit from access to superior liquidity compared to directly held hybrids; Fund trades on ASX like any share

How to Invest

• You can buy or sell units just like you’d buy or sell any share on the ASX
• Fund requires no minimum investment