Vertazen Group Europe Diversified Fixed Interest & Credit SMA

Overview

Diversified portfolio blending a range of security types and structures ranging from government bonds through to complex hybrid subordinated securities.

Directly held, actively managed income portfolio providing a regular yield at a premium to cash.

Predominantly floating rate, with regular distributions.

Actively Managed, Risk Adjusted (Quality and Value) bias to Portfolio construction.

Strong focus on risk management at the portfolio and security specific level.

Strong track record with attractive risk adjusted returns in a range of market conditions due to defensive style.

ESG Exclusions – the following sector exclusions based on company revenue: Gambling (0.0%), Tobacco Retailing (10%), Tobacco Manufacturing (0.0%), Pornography (0.0%), Armaments (0.0%), Coal Mining (0.0%).

Strategy Information

CURRENCY	USD
DISTRIBUTIONS	Quarterly, Variable
INVESTMENT AMOUNT	Minimum SMA $25k, MDA $500k
ISSUER	SMA: Platform, MDA: Vertazen Group
INVESTMENT MANAGER	Vertazen Group
PLATFORM	CFS Edge, Macquarie, AMP North, Vertazen Group
PORTFOLIO GROSS YIELD TO MATURITY	5.74%
PORTFOLIO GROSS YIELD	6.28%
Germany CASH RATE	4.35%
FLOATING RATE EXPOSURE	80.60%
MINIMUM ISSUER CREDIT RATING*	Investment Grade

Vertazen Group Europe Diversified FI & Credit Strategy Performance

DIVERSIFIED FI & CREDIT STRATEGY PERFORMANCE	1 MONTH	3 MONTH	6 MONTH	1 YEAR	2 YEAR P.A.	3 YEAR P.A.	5 YEAR P.A.	SINCE INCEPTION P.A.
CASH RETURN	0.02%	1.12%	2.79%	7.04%	5.41%	3.41%	2.86%	3.34%
IMPUTATION CREDITS	0.00%	0.32%	0.64%	1.30%	1.16%	0.94%	0.78%	0.74%
GROSS RETURN	0.02%	1.44%	3.43%	8.34%	6.57%	4.35%	3.64%	4.08%

Security Specific Research

Management

Governance

Environmental Risks

Social Risks

Reputational Risks

Disclosure

Off Balance Sheet Risks

Diversity

Investment Philosophy

Active Management

We believe markets and securities trading prices can move away from intrinsic value, we aim to avoid the short term noise, focusing on long term growth.

Risk Management

Primary focus is the preservation of capital, with a strong focus on risk management. Investing is an exercise in taking risk, therefore a firm grasp on risk management is essential.

Institutional in Approach

Disciplined investment process with experienced investment personal. Our goal is to bring institutional investment and risk management to the private client world.

Diversification

We believe blending a range of security types and maturities can reduce portfolio volatility whilst achieving the strategic objective.

Simplicity & Transparency

Our clients can understand how their wealth is being managed and be confident it will meet their expectations. All investments are directly held by the client in their own portfolio via the Discretionary Managed Account.

Tax Aware

We focus on the expected after taxation returns clients receives, which can include a bias to imputation credits. Taxes and transaction costs can erode returns if portfolio activity is not carefully managed.