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Seeking income and managing risk for our investors is at the heart of what we do. With COVID-19 impacting life and business across Australia and globally, living this philosophy has never been more important. 

Our focus on supporting our investors, borrowers, team members, advisers and brokers and property tenants has seen us navigate the many different changes required to protect their health and safety and continue to lend to borrowers and pay distributions in our flagship products With ongoing proactive management of our funds and loans portfolioand the guidance of our experienced team, we expect this to continue.    

We’ve also been keeping our investors and borrowers up to date on how we are managing their investments and loans during this time. See below for the latest update. 

Update for investors – 09 September 2021

Welcome to your September company update. We are pleased to provide you with an update on the August performance of our open funds.

 

August Performance for our flagship funds

Trilogy Monthly Income Trust (Trust)

The Trilogy Monthly Income Trust (Trust) returned a net distribution rate of 5.35% p.a.* annualised to investors for the month of August 2021.

The changing and competitive marketplace has impacted income returns achieved by the Trust’s loan book. This has included early repayment of loans, competition in the lending market and some delays in the settlement of approved loans.

During August, 16 new loans were settled at a total loan amount of $62.72 million, bringing the number of active loans in the portfolio to 107 as at 31 August 2021.

We expect the Trust’s loan book will continue to expand given the Australian property market’s growth. The recent easing of Greater Sydney’s restrictions to construction activity should further encourage developers to return to the market.

Despite lockdowns in Sydney and Melbourne, projects funded by the Trust continued to progress during August. Total loan repayments of $26.88 million were received during the month, including the full repayment of one loan.


*Distribution rate for the month ended 31 August 2021. Net distributions are variable each month and are quoted net of management fees, costs and assume no reinvestment. Distributions are calculated daily and paid monthly in arrears. Please note, past performance is not a reliable indicator of future performance.

Trilogy Enhanced Income Fund (Fund)

The Trilogy Enhanced Income Fund (Fund) returned a net distribution rate of 3.03% p.a.* annualised to investors for the month of August 2021.

The Fund’s portfolio performed within expectations across the credit and fixed interest asset classes. As a result, the target allocations remain unchanged.

As always, we actively monitor areas of the market that may present opportunity and will adjust the Fund’s portfolio accordingly, in line with its investment strategy.


*Distribution rate for the month ended 31 August 2021. Net distributions are variable each month and are quoted net of management fees, costs and assume no reinvestment. Distributions are calculated daily and paid monthly in arrears. Please note, past performance is not a reliable indicator of future performance.

Trilogy Industrial Property Trust (Industrial Trust)

The Trilogy Industrial Property Trust (Industrial Trust) returned a net distribution of 7.60% p.a.** annualised to investors for the month of August 2021.

If you’re an investor in the Industrial Trust, your current yield will be based on the current distribution rate and the average price at which you acquired units in the Industrial Trust.

The Industrial Trust settled its 10th acquisition in August, an asset comprising two modern industrial warehouses and distribution facilities with an adjoining office in Coolum Beach, Queensland, leased to Weir Minerals Australia Limited.

A high-quality asset with a strong tenant, the $22 million acquisition contributes a competitive market yield to the Industrial Trust.

We continue to explore opportunities to further grow the Industrial Trust’s portfolio and anticipate further acquisitions over coming months.


**Distribution rate for the month ended 31 August 2021 based on a cash yield per dollar invested in the Industrial Trust. Net distributions are variable each month and are quoted net of management fees, costs and assume no reinvestment. Distributions are paid monthly in arrears. Please note, past performance is not a reliable indicator of future performance.

Distributions

Distributions for our funds will be paid on or around Friday 10 September 2021, being the 8th business day of the month.

If you have any questions about the topics mentioned, please contact our Investor Relations team on 1800 230 099 or at investorrelations@trilogyfunds.com.au.

We also encourage investors to regularly check the Trilogy Funds website as any significant updates that occur between our monthly company update emails will be posted on the site.

 

Yours Sincerely,

Philip Ryan
Managing Director
Trilogy Funds Management Limited


This email is issued by Trilogy Funds Management Limited ABN 59 080 383 679 AFSL 261425 (Trilogy Funds) as responsible entity for the Trilogy Monthly Income Trust ARSN 121 846 722, the Trilogy Enhanced Income Fund ARSN 614 682 469 and the Trilogy Industrial Property Trust ARSN 623 096 944. Application for investment can only be made on the application form accompanying the Product Disclosure Statement (PDS) dated 17 December 2018 for the Trilogy Monthly Income Trust ARSN 121 846 722, 28 July 2020 for the Trilogy Enhanced Income Fund ARSN 614 682 469 and 1 July 2021 for the Trilogy Industrial Property Trust ARSN 623 096 944 available at www.trilogyfunds.com.au. The PDS contains full details of the terms and conditions of investment and should be read in full, particularly the risk section, prior to lodging any application or making a further investment. All investments, including those with Trilogy Funds, involve risk which can lead to loss of part or all of your capital or diminished returns. Trilogy Funds is licensed to provide only general financial product advice about its products and therefore recommends you seek personal advice on the suitability of this investment to your objectives, financial situation and needs from a licensed financial adviser. Investments with Trilogy Funds are not bank deposits and are not government guaranteed.