MA Priority Income Fund

MA Priority Income Fund

Designed for investors seeking stable monthly income and capital preservation

Targeting stable and consistent monthly income

Stable monthly income

Targeting stable and consistent monthly income of the RBA Cash Rate + 4.00% p.a. (net of fees and costs)

A focus on capital preservation

A focus on capital preservation

A diversified pool of defensive credit investments

Prioritising income and capital preservation

Prioritising income and capital preservation

A unique co-investment by MA Financial Group acts as a buffer to prioritise investors

Watch Fund Video

Watch this short video to hear from Portfolio Manager, John Sheffield, as he provides an introduction to the Fund along with an overview of the private credit market and some of the advantages of investing in the asset class.

 

Fund Facts

Investment objective

Aims to provide investors with stable monthly cash distributions and a strong risk adjusted return through exposure to a portfolio of credit investments while preserving and protecting capital.

Fund size
$911.45mas at 31 August 2023
Master Trust Size
$1,002.64m as at 31 August 2023
Minimum Initial Investment
AUD $10,000
Portfolio Managers

Steve Bennett - Managing Director
John Sheffield - Managing Director

Management fee
0.50% p.a. of the net asset value of the Master Trust1
Minimum additional investment
AUD $1,000
Performance Fee
Nil
Distribution frequency
Monthly
Liquidity
Monthly2
APIR
MAA8010AU
ARSN
648 809 849
Platform Availability
Australian Money Market, BT Panorama, CFS Edge, CFS First Wrap, DASH, HUB24, Macquarie Wrap, Masons Stevens, Netwealth, North, OneVue, Powerwrap, Praemium
Distribution Reinvestment Plan (DRP)

A DRP is available and provides Unitholders with the option of automatically reinvesting their distributions in additional Units of the Fund.

Download the DRP booklet for more information.

Performance, unit price and distribution
Unit price: $2.00As at 1 September 2023
Performance report
As at 31 August 2023
MA Priority Income Fund monthly performance report [PDF]

Refer to the Product Disclosure Statement for details of all fees and costs associated with this product.

Where the Fund is liquid, a 30-day notice period is required for withdrawals but requests may be processed and paid sooner at the Responsible Entity's discretion. Withdrawal requests are subject to the Product Disclosure Statement and may be delayed or suspended in accordance with the procedures set out in the Product Disclosure Statement and the Fund Constitution. Note that up to 18 months is allowed under the constitution to satisfy withdrawal requests. Refer to the Product Disclosure Statement for details on withdrawals from the Fund.

Before making an investment decision, always read and understand the Fund's Product Disclosure Statement and all other relevant or updated information regarding the Fund.

Researcher ratings

Bond Adviser Logo

‘Recommended’ rating

Learn more

Lonsec

‘Recommended’ rating*

Contact us

SQM

‘Superior’ rating

Contact us

Ausbiz interview with Frank Danieli

Join Frank Danieli, Managing Director and Head of Credit Investments and Lending on his regular Ausbiz appearance with Andrew Geoghegan as he engages in a wide-ranging discussion on credit markets.

Learn more
Ausbiz interview with Frank Danieli

Portfolio Managers

Steve Bennett

Steve Bennett

Managing Director

Steve Bennett is a Managing Director of MA Financial Group in Asset Management.

Steve has over 30 years’ experience in corporate and structured credit and has extensive experience in originating, structuring, underwriting and distributing debt and quasi debt products in the Australian and Asian markets.

Steve previously held the roles of Group Executive, Finance & Treasury at Consolidated Press Holdings (Packer Family Company), Managing Director, Head of Leveraged & Acquisition Finance, Asia Pacific and Executive Vice President, Head of Structured Credit at Bankers Trust Australia.

Steve holds a Graduate Diploma in Management from Macquarie University.

Steve has been the Director, South Sydney Rugby League Football Club Limited since 2014.

John Sheffield

John Sheffield

Managing Director

John Sheffield is a Managing Director of MA Financial Group in Asset Management.

John has over 30 years’ experience across financial markets, asset management and private, commercial and institutional banking segments.

John previously held senior risk management roles at National Australia Bank (NAB) across investments, private wealth management, asset management, and financial institutions credit covering global funds and NBFI risk. Prior to NAB, John had senior credit risk roles at the Commonwealth Bank in the financial markets and institutional banking business.

John holds a Bachelor of Business with a joint major in Accounting and Finance from Charles Sturt University.   

Risks

Risk Rating: Low risk classification3

All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying assets. Generally, the higher the potential return of an investment, the greater the risk. The risks of investing in this Fund include but are not limited to:

Construction and management of the Portfolio

The investment strategy to be used by the Manager includes inherent risks. These include, but are not limited to, the ability of the Manager to build and maintain a Portfolio that achieves the Fund's investment objective, and which is consistent with the investment strategy and investment guidelines set out in this PDS and as permitted under the law.

Credit risk

Credit risk is the risk that one or more assets in the Portfolio may decline in price or fail to pay interest or principal when due because the credit counterparty or borrower experiences a decline in its financial status.

Investment Sourcing

The success of the Fund depends on the ability of the Manager to identify suitable investment opportunities. The availability of investment opportunities will be subject to market conditions and other factors outside the control of the Manager.

More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest in the Fund.

3. This risk classification is provided as a guide. In assessing the relative risks of this product we have had reference to the categories of risk described in the Standard Risk Measure Guidance Paper for Trustees issued jointly by the Financial Services Council (of which MA Financial Group is a member) and the Association of Superannuation Funds of Australia dated July 2011.

How to Invest

1.

Download the Product Disclosure Statement, Reference Booklet, and check for PDS updates

2.

Download the Application Form or Apply online

 

3.

Submit the application form and any required identification documents.

If accepted, valid applications for units received by the unit registry before 2pm on any Business Day will be processed at the application price, and units will be issued on the first Business Day of the following month.

Email
Boardroom Client Service Team
maclientservices@boardroomlimited.com.au
Mail
Post: GPO Box 3993 Sydney NSW 2001
Hand deliver: Level 8, 210 George Street Sydney NSW 2000
Fax
+61 2 9252 1987
Phone
1300 135 167 (within Australia)
+61 2 8023 5415 (outside Australia)

Resources

Design and Distribution Obligation

Issuers and distributors of financial products must comply with the Design and Distribution Obligations (DDO) from 5 October 2021. Distributors are required to notify the product issuer of any significant dealing in a product that is not consistent with the target market determination and any complaints received in relation to the Fund. For more information regarding distributors’ reporting obligations, please refer to the Fund’s Target Market Determination

Templates

You can use the Financial Services Council (FSC) reporting templates, or the templates provided below to report significant dealings and complaints to the Responsible Entity.

Significant Dealings Report
DDO Complaints Report

Email

Any significant dealings or complaints can be reported to: DDO@mafinancial.com

Disclaimer

 

*The rating issued for MAA8010AU 09/2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.

 

This information has been prepared by MAAM RE Limited ABN 34 135 855 186, AFSL 335783 the issuer and responsible entity (Responsible Entity) for the units in the MA Priority Income Fund ARSN 648 809 849 (Fund) and the issuer of the units in the Fund.

The information contained in this document is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making any investment decision you should consider obtaining professional investment advice that takes into account your personal circumstances and should read the current product disclosure statement (PDS) of the Fund. The PDS for the Fund is available at https://mafinancial.com/asset-management/retail-funds/ma-priority-income-fund/product-disclosure-statement/. Neither the Responsible Entity nor MA Financial Group or any member in its group guarantees repayment of capital or any particular rate of return from the Fund. All opinions and estimates included in this document constitute judgments of the Responsible Entity as at the date of this document and are subject to change without notice. Past performance is not a reliable indicator of future performance. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Whilst the Responsible Entity believes the information contained in these materials are based on reliable information, no warranty is given to its accuracy and persons relying on this information do so at their own risk. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Statements contained on this fund page that are not historical facts are based on expectations, estimates, projections, opinions and beliefs of the Responsible Entity as at the date of this document. Such statements involve known and unknown risks, uncertainties and other factors, and should not be relied upon in making an investment decision. These views may not necessarily reflect the views of MA Financial Group or any member in its group. Any references in this document to targeted or projected returns of the Fund are targets only and may not be achieved.

Investments in the Fund are subject to risk including possible delays in payment or loss of income and principal invested. This information is intended for recipients in Australia only.

The Responsible Entity's address is Level 27, Brookfield Place, Sydney NSW 2000. The Responsible Entity, its related bodies corporate, the Responsible Entity's directors and employees and associates of each may receive remuneration in respect of advice and other financial services provided by the Responsible Entity. The Responsible Entity has entered into various arrangements with MA Investment Management Pty Ltd in connection with the management of the financial products referred to in this website. In connection with these arrangements MA Investment Management Pty Ltd may receive remuneration or other benefits in respect of the financial services it provides.