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.
December performance for our open funds
Trilogy Monthly Income Trust (Trust)
The Trilogy Monthly Income Trust (Trust)returned a net distribution rate of 5.15% p.a.* annualised to investors for the month of December 2021.
The Trust experienced a positive finish to 2021, with 15 new loans settled during December at a total approved loan amount of $88.06 million. Loan repayments totalled $36.67 million.
Our Portfolio Managers are reporting continued demand for construction funding as developers seek new and fast-tracked opportunities supported by broad buyer demand.
There is a positive loan pipeline in place which we expect will flow through to settlements in the early part of 2022.
Any impact of the recent COVID-19 Omicron strain on the construction sector remains to be seen. Our Lending team is monitoring the changing environment closely and will proactively manage any potential issues.
Trilogy Enhanced Income Fund (Fund)
The Trilogy Enhanced Income Fund (Fund) returned a net distribution rate of 2.70% p.a.* annualised to investors for the month of December 2021.
The Fund saw a balanced performance across its investment portfolio during December. We continued to deploy capital in our structured credit position and invested in new issuances coming to market.
In December, market expectations increased around an earlier than forecast raising of the Australian Official Cash Rate.
The pace of tapering stimulatory efforts from various central banks is also a driving factor on current sovereign debt yields in Australia.
We continue to see investment opportunities arising from these developments.
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 December 2021. This is equivalent to a yield of 6.99% p.a. annualised based on the unit price of $1.0868 as at 1 December 2021.
The Industrial Trust’s most recent asset, located on Magnesium Street, Narangba, settled on 9 December 2021 as scheduled.
During December, we communicated our intention to provide investors in the Industrial Trust with a Withdrawal Offer in 2022. We will shortly be providing information on the terms and conditions of this Withdrawal Offer, including the relevant redemption forms. These details will be provided to investors in the Industrial Trust via your preferred communication method and on the website.
*Net distribution paid to investors calculated daily and paid monthly in arrears for the month ended 31 December 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 31 December 2021. Net distributions are variable each month and are net of management fees, costs and assume no reinvestment. Distributions are paid monthly in arrears. Please note, past performance is not a reliable indicator of future performance.
Foresight Analytics reaffirms ‘Very Strong’ ratings^^
We are pleased to announce that both the Trilogy Monthly Income Trust and Trilogy Enhanced Income Fund have retained ‘Very Strong’ ratings from independent research agency, Foresight Analytics, in their November 2021 reports released late last year.
Click below to read the full reports.
Distributions for our funds will be paid on or around Thursday 13 January 2022, being the 8th business day of the month.
If you have any questions about the topics mentioned, please contact our Investor Relations team on 1800 230 099 or at firstname.lastname@example.org.
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
^^The information contained in the Foresight Analytics report and encapsulated in the investment rating is of a general nature only. The report and rating reflect the opinion of Foresight Analytics and Ratings Pty Limited (AFSL 494552). It does not take into account an individual’s objectives, financial situation, or needs. Professional advice should be sought before making an investment decision. A fee has been paid by the fund manager for the production of the report and investment rating.
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.