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Latest News.

Melbourne, 23 November 2020 – Blackmore Capital Blended Australian Equities Fund rated STRONG

Australia Ratings Analytics (Australia Ratings) has assigned an investment rating of ‘STRONG’ to the Blackmore Capital Blended Australian Equities Fund (the Fund). A Product Complexity Indicator of ‘GREEN’ has also been assigned to designate the view that the Fund is a SIMPLE financial product, indicating that the performance is expected to move very closely in line with the corresponding market sector. This Fund is available to both retail and wholesale investors.

Australia Ratings’ analyst, Dragana Timotijevic, says “overall, we view the investment strategy as sound and aligned with the Manager’s objectives, resources, and competencies”. She added, “the rating also indicates the high level of confidence Australia Ratings has that the Fund will continue to deliver a strong risk-adjusted return”.

FOR MORE INFORMATION, CONTACT: 
Dragana Timotijevic, Director
dragana.timotijevic@australiaratings.com 03 8080 6684

17 November 2020 – Trilogy Funds (TEIF and TMIT) upgraded to VERY STRONG

Australia Ratings Analytics (Australia Ratings) has reviewed two funds managed by Trilogy Funds Management Ltd (Manager), the Trilogy Enhanced Income Fund (TEIF) and the Trilogy Monthly Income Trust (TMIT) (together, the Funds). Following the review, both Funds have been upgraded to VERY STRONG. A VERY STRONG rating is the second highest rating in Australia Ratings’ scale and is used to indicate a very strong level of confidence that the Funds can deliver a risk-adjusted return in line with their investment objectives. The funds were assigned Product Complexity Indicators of BLUE for TEIF, and YELLOW for TMIT. 

Australia Ratings’ analyst, Maggie Callinan, says “the upgraded ratings reflect the consistent performance throughout the COVID crisis, and both the diversification and the high degree of management oversight of the portfolio”. She added, “the ratings also indicate the high level of confidence Australia Ratings has that the Funds will continue to deliver a strong risk-adjusted return”.

FOR MORE INFORMATION, CONTACT:
Maggie Callinan, Director 
maggie.callinan@australiaratings.com 03 8080 6684

11 November 2020 – Australian Unity Bonds AFFIRMED BBB+ Rating

Australia Ratings Analytics (Australia Ratings) has reviewed the Australian Unity Bonds, AYUHC and AYUHD (the Bonds), and has affirmed the rating for both as BBB+, with a Product Complexity Rating of GREEN.

Australia Ratings’ analyst, Chris Cudsi, says “the rating reflects the conservative capital buffers maintained by Australian Unity, as well as the issuer’s increasingly diverse business profile”. He added, “the rating will come under pressure if profitability or gearing metrics deteriorate from levels reported in the 2020 financial year”.

FOR MORE INFORMATION, CONTACT:
Chris Cudsi, Director 
chris.cudsi@australiaratings.com 03 8080 6684

Melbourne, 06 August 2020 – Labassa Capital Australian Real Estate Credit Fund – Rating Withdrawn.

Australia Ratings Analytics (Australia Ratings) has withdrawn its investment rating of the Labassa Capital Australian Real Estate Credit Fund (the Fund). The manager, Labassa Capital, has undertaken a corporate restructure. As a consequence, units in the Fund were compulsorily redeemed in May 2020 by Labassa Capital.

FOR MORE INFORMATION, CONTACT:

Maggie Callinan, Director 
maggie.callinan@australiaratings.com 03 8080 6684

Melbourne, 29 July 2020 – Sandhurst Strategic Income Fund maintains SUPERIOR rating.

Australia Ratings Analytics (Australia Ratings) has reviewed the Sandhurst Strategic Income Fund (the Fund) and has maintained its investment rating of SUPERIOR. A Product Complexity Indicator of ‘BLUE’ has also been assigned to designate the view that the Fund is a RELATIVELY SIMPLE financial product, indicating that the strategies used to outperform are well documented and do not include the use of leverage or derivatives for trading purposes. 

SUPERIOR rating is the highest rating on the investment rating scale used by Australia Ratings. 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 objectives.