Friday, February 23, 2018

Melbourne, 23 February 2018 –Australia Ratings has assigned a ‘SUPERIOR’ investment rating to the Sandhurst Strategic Income Fund (the Fund).

A ‘SUPERIOR’ investment rating indicates the highest level of confidence that the Fund can deliver a risk adjusted return in line with the Fund’s investment objective. This is based on an investment rating scale used by Australia Ratings to indicate how well we believe a fund will perform against a range of risks.

Australia Ratings’ analyst Maggie Callinan said “Since inception, the Sandhurst Strategic Income Fund has delivered to its objective providing returns of 0.80% over the benchmark of a 5 year basis, while maintaining a high level of capital stability and liquidity.“

Ms Callinan added, “the rating also reflects the investment manager’s experience. The investment process applied is robust and the investment approach is conservative, technical and highly analytical.”

The Sandhurst Strategic Income Fund’s objective is to provide enhanced cash investment targeting a return above the benchmark Bloomberg AusBond Bill Index. The Fund invests primarily in Australian dollar denominated cash, money market securities and asset backed securities. The portfolio is actively managed to minimise capital loss and provide consistent income over time.

Sandhurst Trustees Ltd – a wholly-owned subsidiary of the Bendigo and Adelaide Bank - is the investment manager and responsible entity of the Fund. Sandhurst has Bendigo and Adelaide Bank’s support for the strategy and employs a well-defined and rigorous process.

Australia Ratings has also assigned its Product Complexity Indicator (PCI) of ‘BLUE’ indicating the fund as a Relatively Simple financial product, with investment managers seeking to outperform their chosen mainstream market sector. The strategies used to outperform are well documented and do not include the use of leverage or derivatives for trading purposes. While this fund is expected to move fairly closely in line with mainstream markets, there may be periods where it outperforms or underperforms the benchmark index.

A full rating report is available from


Maggie Callinan, Director
03 8080 6684


Australia Ratings is a local, independent rating agency that provides timely and credible ratings information and research to the broader investment community. As an ASIC-licensed rating agency, we provide general advice by issuing credit ratings on debt securities and companies; and fund ratings on Australian managed funds. We are Australia’s only agency that holds a retail Australian Financial Services Licence (AFSL). This enables both retail and wholesale investors to use our credit ratings to help them gauge credit risk and complexity of financial products sold in the Australian market.

Rating opinions of Australia Ratings are determined by its analytical team in accordance with its rating methodology. The Board of Australia Ratings whose members include Jarrod Brown, Chris Dalton and Mike Dontschuk oversee the application of Australia ratings rating methodology and the integrity of the rating process.

About Australia Ratings’ Investment Rating

Our investment rating reflects Australia Ratings’ current opinion of a fund’s or an investment’s ability to achieve its stated investment objectives in the near term. The rating expresses a view on the expected consistency of the fund’s or investment’s performance within its peer or style group and on the fund manager’s ability to produce superior performance amongst its peers in the near term with due regard to the medium-term consensus view of the asset class to which the product is benchmarked.

A five-point scale is used to differentiate our opinion on how well we believe a fund will perform against a range of risks


About the Product Complexity Indicator

Our proprietary colour-coded product complexity indicator (PCI) highlights the complexity level of an investment by its terms and conditions’ structure and transparency that may affect an investor’s return.



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