Summary
Gleneagle Investment Trust ARSN 605 489 094 with a class known as the “Fixed Income Fund” provides access to institutional grade investments, not typically available to individual investors.
The Fund’s point of difference is the variety of return sources it uses to deliver its investment objective. It seeks to protect investors against inflation risk by using specialised techniques, which enable the hedging of inflation. The fund also utilises the skill set of the manager, Fortlake Asset Management, to run overlay, arbitrage and offer short-term credit strategies.
6% p.a
Targeted Distribution of Income to Investors*
100%
Positive Months Since Fund Inception
Diversified
Portfolio of Investment Grade Bonds
BBB+
Average Credit Rating
~500
Number of Exposures
Portfolio Manager
Dr. Christian Baylis
2022
Best in Class
Fortlake’s Fund was named top performer in Livewire’s Fixed Income, Best in Class list of 2022.
2022
Tomorrow’s Titans
2021
Top Performer
Preqin named Christian as having the top performing Fixed Income Strategy, and number two overall within the Asia-Pacific Credit Hedge Fund category in its H1 2021 Honour Roll.
Investment Managers
Liquidity Manager
The Liquidity Manager provides the investment strategy, organisational capacity and expertise for managing the investments of the Fund.
Threshold Manager
The Threshold Manager seeks to obtain the Intended Return for the Fund. This role includes providing a credit facility to the Responsible Entity.
Investment Terms
Responsible Entity
Gleneagle Asset Management Ltd. ACN 103 162 278 AFSL 226199 Level 27, 25 Bligh St Sydney NSW 2000
Threshold Manager & Custodian
Gleneagle Securities (Aust) Pty Ltd. ACN 136 930 526 AFSL 337985 Level 27, 25 Bligh St Sydney NSW 2000
Liquidity Manager
Fortlake Asset Management Pty Ltd. ACN 643 640 939 CAR 1283388 AFSL 226199 Level 5, 66 Clarence St Sydney NSW 2000
Prime Broker & Custodian
J.P Morgan Securities LLC. ABN 37 109 293 610 277 Park Avenue New York NY 10172
Administrator
Apex Fund Services (Australia) Pty Ltd. ACN 149 408 702 Level 13, 459 Little Collins St Melbourne VIC 3000
Auditor
LNP Audit and Assurance Pty Ltd. ACN 155 188 837 Level 14, 309 Kent St Sydney NSW 2000
Investment Objective | The Fund’s objective is to deliver to investors a consistent distribution of income of 6% p.a. paid monthly after fees and expenses. Monthly returns can be reinvested. |
Investment Exposure | The Fund is comprised mainly of Commonwealth Government Bonds, Semi-Government Bonds, investment grade corporate bonds at an institutional level rated BBB- or better, asset backed securities, inflation derivatives, interest rate derivatives, bank bills and Negotiable Certificates of Deposit (NCDs) issued by larger Australian banks. |
Security | There has never been a default in these type of bonds in Australia. The portfolio is spread around ~500 different exposures to minimise any risk. |
Location of Assets | The fund will typically have geographical exposures in the Asia Pacific (predominantly Australia) 85-100%, North America 0-7.5% and UK/EMEA 0-7.5% |
Minimum Investment | $50,000 (no maximum) |
Liquidity | Withdrawals are processed at the end of each month with funds available by the 10th business day of the following month. |
Fees and Costs | Management Fee and costs: 2.2% p.a. (0.183% per month). Transaction costs: 0.15% p.a. (.0125% per month). If the Return is not sufficient to allow for the payment of all fees and costs, the fees will be waived or reduced. |
Fee Explanation | The Intended Return of the Fund to the investor is 6% p.a which means that the Fund will pay a distribution of 0.50% each month (6% divided by 12). The fees and costs are deducted out of the excess returns above the Intended Return. If the fund does not earn at least 2.35% p.a. above the intended 6% p.a. return, then all fees and costs will be waived or reduced such that the investor continues to receive the intended return each month. If the Fund earns more than the Intended Return plus fees, the excess amount will be held in reserve so that the fund can continue to pay the intended 6% p.a. return even if the fund earns less than the Intended Return. |
Responsible Entity | Gleneagle Asset Management Ltd AFSL 226199 is the responsible entity, part of Gleneagle Group. Operating under three distinct AFSL’s, the Gleneagle group comprises Gleneagle Asset Management AFSL 221699, Gleneagle Securities AFSL 337985 and Global Prime AFSL 385620. |
Fund Manager Q&A
Fund Manager Dr. Christian Baylis explores the top 4 investor questions about the Fixed Income Fund
Frequently Asked Questions
Simply complete an online application via Gleneagle’s portal and supply your supporting documents.
Applications are usually processed same business day. We’ll get in touch to notify you of the outcome, or advise if we need any additional information.
All applicants must be over 18 years old.
Once your application is approved, you will be emailed funding details. You may transfer funds to your account via:
- Electronic Funds Transfer
- BPAY
To ensure prompt allocation, please ensure you send us a receipt of transfer.
Yes. You can elect to either re-invest your monthly interest or have it paid to your nominated bank account.
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Investment Documentation
Please read and consider the following documents before deciding if this investment is right for you
- August 2, 2022
- July 2, 2022
- June 2, 2022
