Seeking income and managing risk for our investors is at the heart of what we do. With COVID-19 impacting life and business across Australia and globally, living this philosophy has never been more important.
Our focus on supporting our investors, borrowers, team members, advisers and brokers and property tenants has seen us navigate the many different changes required to protect their health and safety and continue to lend to borrowers and pay distributions in our flagship products. With ongoing proactive management of our funds and loans portfolio, and the guidance of our experienced team, we expect this to continue.
We’ve also been keeping our investors and borrowers up to date on how we are managing their investments and loans during this time. See below for the latest update.
Update for investors | 11 October 2021
Welcome to your October company update. We hope you and your family are all safe and keeping well during what has been yet another challenging month for many, particularly those in lockdown.
You might have noticed our brand looks a little different. Our new icon visually represents the three pillars of our business (investing, financing, property) coming together to build wealth for our investors, borrowers and other stakeholders.
While we have a fresh new look, our purpose continues to be to deliver better – better outcomes for investors; better construction and development finance solutions; better opportunities for our team and suppliers; and sustainable growth in the Australian property and investment sectors. You can view our new brand video below.
September performance for our flagship funds
We are pleased to provide you with an update on the September performance of our open funds.
Trilogy Monthly Income Trust (Trust)
The Trilogy Monthly Income Trust (Trust) returned a net distribution rate of 5.35% p.a.* annualised to investors for the month of September 2021.
The Trust continued to see further growth in its portfolio in September with 14 new loans settled at a total approved loan amount of $87.44 million. Loan repayments totalled $11.15 million.
Trilogy Enhanced Income Fund (Fund)
The Trilogy Enhanced Income Fund (Fund) returned a net distribution rate of 3.03% p.a.* annualised to investors for the month of September 2021.
The Fund’s portfolio continues to perform in line with its investment objectives, supported by the Fund’s investment in the Trilogy Monthly Income Trust and a fixed income risk premium driven by the Reserve Bank of Australia’s recent announcement to end the Committed Liquidity Facility (CLF).
Trilogy Industrial Property Trust (Industrial Trust)
**The Trilogy Industrial Property Trust (Industrial Trust) paid investors 7.60 CPU p.a.^ annualised for the month of September 2021. This is equivalent to a yield of 7.10% p.a. annualised based on the unit price of $1.0703 as at 1 September 2021.
A contract was signed to acquire a property in Hexham, near Newcastle – the Industrial Trust’s 11th property and its first in New South Wales.
The $28 million acquisition will add geographic and tenant sector diversification to the portfolio and is expected to settle in mid-October.
*Net distribution paid to investors calculated daily and paid monthly in arrears for the month ended 30 September 2021. Net distributions are variable each month and are quoted net of management fees, costs and assume no reinvestment. Past performance is not a reliable indicator of future performance.
^Distribution amount for the month ended 30 September 2021. Net distributions are variable each month and are net of management fees, costs and assume no reinvestment. Distributions are paid
Distributions for our funds will be paid on or around Wednesday 13 October 2021, being the 8th business day of the month.
The 2020/21 Financial Year Annual Reports for each of our funds have now been issued to investors.
Depending on your nominated communication preference, you should have already received an email with a link to download the relevant report(s) or will receive a copy via mail shortly.
In the meantime, you can access the reports on the Trilogy Funds website under the ‘Documents’ tab on the relevant product’s webpage.
If you have any questions about the topics mentioned, please contact our Investor Relations team on 1800 230 099 or at email@example.com.
We also encourage investors to regularly check the Trilogy Funds website as any significant updates that occur between our monthly company update emails will be posted on the site.
Trilogy Funds Management Limited
This communication is issued by Trilogy Funds Management Limited ABN 59 080 383 679 AFSL 261425 (Trilogy Funds) as responsible entity for the management investment schemes mentioned in this communication. Application for investment can only be made on the application form accompanying the relevant Product Disclosure Statement (PDS) and the Target Market Determination (TMD) available at www.trilogyfunds.com.au. The PDS contain full details of the terms and conditions of investment and should be read in full, particularly the risk section prior to lodging any application or making a further investment, together with the TMD. All investments, including those with Trilogy Funds, involve risk which can lead to loss of part or all of your capital or diminished returns. Trilogy Funds is licensed to provide only general financial product advice about its products and therefore recommends you seek personal advice on the suitability of this investment to your objectives, financial situation and needs from a licensed financial adviser. Investments with Trilogy are not bank deposits and are not government guaranteed.