Performance

PERFORMANCE OF THE REVOLUTION PRIVATE DEBT FUND I (APIR: CHN7934AU)*

As at 30 September 2021

Return 1 month Rolling quarter 6 months 1 year 2 years p.a. Since inception
p.a. (11 Dec 2018)
Fund I (before fees) 0.43% 1.33% 2.65% 5.39% 5.68% 6.00%
RBA Cash Rate 0.00% 0.01% 0.01% 0.04% 0.23% 0.54%
Active Return (before fees) 0.43% 1.32% 2.64% 5.35% 5.45% 5.46%
Fund I (after fees) 0.37% 1.14% 2.27% 4.61% 4.86% 5.03%
RBA Cash Rate 0.00% 0.01% 0.01% 0.04% 0.23% 0.54%
Active Return (after fees) 0.37% 1.13% 2.26% 4.57% 4.63% 4.49%

* Performance is for the Revolution Private Debt Fund I – APIR: CHN7934AU, and is based on month end unit prices before tax in Australian Dollars. Gross performance (before fees) is stated excluding all fees and costs. Net performance (after fees) is calculated after management fees and operating costs. Individual Investor level taxes are not taken into account when calculating returns. This is historical performance data. It should be noted the value of an investment can rise and fall and past performance is not indicative of future performance.

PERFORMANCE OF THE REVOLUTION PRIVATE DEBT FUND II (APIR: CHN3796AU)**

As at 30 September 2021

Return 1 month Rolling quarter 6 months 1 year Since inception
p.a. (31 Dec 2019)
Fund II (before fees) 0.58% 1.76% 3.33% 6.65% 6.57%
RBA Cash Rate 0.00% 0.01% 0.01% 0.04% 0.15%
Active Return (before fees) 0.58% 1.75% 3.32% 6.61% 6.42%
Fund II (after fees) 0.52% 1.57% 2.93% 5.79% 5.67%
RBA Cash Rate 0.00% 0.01% 0.01% 0.04% 0.15%
Active Return (after fees) 0.52% 1.56% 2.92% 5.75% 5.52%

** Performance is for the Revolution Private Debt Fund II – APIR: CHN3796AU, and is based on month end unit prices before tax. Gross performance (before fees) is stated excluding all fees and costs. Net performance (after fees) is calculated after management fees and operating costs. Individual Investor level taxes are not taken into account when calculating returns. This is historical performance data. It should be noted the value of an investment can rise and fall and past performance is not indicative of future performance.

PERFORMANCE OF THE REVOLUTION WHOLESALE PRIVATE DEBT FUND II***

As at 30 September 2021

PORTFOLIO CHARACTERISTICS

As at 30 September 2021

Characteristic Fund I Fund II Wholesale
Fund II
Yield to Maturity 5.33% 5.94% 5.35%
Credit Spread 521 bps 576 bps 519 bps
Interest Rate Duration 0.1 years 0.1 years 0.1 years
Weighted Ave. Credit Rating BB+ BB+ BBB-
Deal Approval Rate 18% 26%

Source: Revolution Asset Management. See below for defined terms.

Definition of terms

  • Yield to Maturity (YTM) is the current total return anticipated on the portfolio if the portfolio is held until it matures.
  • Credit Spread is the weighted average credit margin over the bank bill swap rate (BBSW), which is the market benchmark rate. Interest Rate Duration measures how much bond prices are likely to change if and when interest rates move and is measured in years.
  • The Weighted Average Credit Rating is used to indicate the credit quality of a portfolio and is an aggregate of the internal credit ratings of the portfolio’s holdings, weighted by exposure size. Internally rated by Revolution on the basis of ratings substantially equivalent to Standard & Poor’s ratings. Examples of ratings include credit ratings issued by Moody’s, Fitch and Kroll Bond Rating Agency.

FUND II UPCOMING REDEMPTION DATES

To be confirmed.