Overview
The Elstree Enhanced Income Fund invests in a diversified portfolio of listed floating rate credit securities called hybrids. The Fund is designed primarily for investors who are seeking to earn a rate of return above the bank bill rate of return but are prepared to accept a small degree of capital risk to achieve that objective.
The Fund's total return outcome is determined by the level of cash and franked income received from the Fund's investments and changes in the capital value of the Fund's investments.
The volatility of Fund's return is extremely low due to the greater proportion of the total return outcome being attributed to stable cash and franked income with changes in the capital value of securities having only a relatively minor impact.
As a consequence an investment in the Fund is ideally suited to investors seeking capital stable franked income returns.
The suggested timeframe for an investment in the Fund is at least 3 years.
The Fund is for wholesale sophistocated investors only. The minimum investment amount is $500,000.
Performance Objective
The Fund aims to outperform the UBS Bank Bill Index by a margin of between 2.5 - 3% over a rolling 3 year period.
As at 31 December 2020 the Fund's rolling 5 year total investment return was 8.59% per annum (includes the benefit of franking and is gross of management fees). This compares with the UBS Bank Bill Index rate of return over the same period of 1.52% per annum.
To find out more about the Elstree Enhanced Income Fund click on the links below.
- Latest Fact Sheet
- How to invest
- Monthly Performance Review
- Quarterly Distribution Data
- Annual Reports
- Withholding Tax Distribution Statements
Fact Sheet
To view the latest Fact Sheet June 2021. Click here
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How to invest
Simply download the Information Memorandum, complete the application form and send it, along with a cheque payable to Elstree Enhanced Income Fund to
The Compliance Manager
C/- Elstree Investment Management Limited
1801, 8 Kavanagh Street
Southbank Victoria 3006
To download our latest Information Memorandum dated 14 September 2021 Click here
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Latest Unit Price Data (cob) 30 September 2021.
NAV of a unit - 30 September 2021 $0.8657 (Ex-distribution $0.8559).
To download the Elstree Enhanced Income Fund's NAV history Click here
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Quarterly Distribution Data
The distribution due to unit holders registered at the close of business on 30 September 2021 was $0.0098 per unit.
To download the Elstree Enhanced Income Fund's monthly NAV and cash distribution history
Click here
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Monthly Performance Review September 2021
Click on the link below to review a performance appraisal of the listed debt equity hybrid sector for the month of September 2021. The key features of the month were;
To download the September 2021 Performance Review Click here
To download the August 2021 Performance Review Click here
To download the July 2021 Performance Review Click here
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Withholding Tax Distribution Statement June Quarter 2019
To download the March Quarter 2020 Withholding Tax Distribution Statement
Click here
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Annual Report and Audit Report
To download the latest Audit Report for the Elstree Enhanced Income Fund
Click here
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