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 – 10 September, 2020

Our proactive approach to risk management of our property loan portfolio, investments and liquidity, and continued interest and investment in our flagship products continues to be at the forefront of our mind for our investors and borrowers.

Over the last few weeks, we have received questions from investors around the impact of ongoing restrictions in Victoria on the loans in the Trilogy Monthly Income Trust portfolio.

I am pleased to report that all projects relating to loans in Victoria continue (although more slowly) to progress with current minimal impact.

Our Portfolio Managers work closely with all our borrowers throughout the loan term to help identify and minimise any potential issues. By creating a close working relationship and using our contacts and information from across the sector, we help our borrowers work through any unexpected impacts on their projects.

Across the cash-style investments within the portfolios of the Trilogy Monthly Income Trust and Trilogy Enhanced Income Fund there has been a continued compression in credit spreads.

Solid inflows have continued in August across the Trilogy Monthly Income Trust and the Trilogy Enhanced Income Fund.

Although Victoria’s roadmap out of restrictions is slower than some expected, expert market commentators, including Westpac’s Chief Economist Bill Evans, are predicting economic growth in the September and December quarters this year. Market sentiment around the impacts of government restrictions and support programs on the property sector is mixed, with most commentators predicting a multi-speed recovery for the different states. As is always the case, having a diverse portfolio remains important.

Trilogy Industrial Property Trust to open soon for investment

One sector that has seen increased demand this year has been the industrial property sector. Activity in sourcing and acquiring suitable assets for this sector has increased significantly. We are in the process of acquiring a high-quality industrial asset in Darra, Queensland. Subject to the successful completion of due diligence and settlement in October 2020, the new property will be acquired for the Trilogy Industrial Property Trust. The acquisition will expand its portfolio to seven properties, and create further diversification in terms of income, tenant type and geographical location.

We are aiming to open the Trilogy Industrial Property Trust later this month with the issue of a new Product Disclosure Statement (PDS). Given the interest we have received already, we expect the Trust to only be open for investment for a short time.

If you have any questions, please contact our Investor Relations team on 1800 230 099 or email

Yours Sincerely,

Philip Ryan
Managing Director
Trilogy Funds Management Limited

This communication is prepared by Trilogy Funds Management Limited (Trilogy) ABN 59 080 383 679 AFSL 261 425. It provides general advice only and does not take into account your objectives, financial situation or particular needs. You should consider whether this information is appropriate for you and consult your financial or other professional adviser before making any decision to invest.

Trilogy Enhanced Income Fund (Fund) ARSN 614 682 469 is a registered managed investment scheme of which Trilogy is the responsible entity and issuer of units and is offered under a PDS dated 28 July 2020 available at Trilogy Monthly Income Trust (Trust) ARSN 121 846 722 is a registered managed investment scheme of which Trilogy is the responsible entity and issuer of units and is offered under a PDS dated 17 December 2018 available at Trilogy is the issuer of units in the Trilogy Industrial Property Trust ASRN 623 096 944. A new PDS for the Trilogy Industrial Property Trust will be issued by Trilogy in the future and will be made available at

Information included in this communication about investment yield and returns should be considered only as part of a balanced review of all the features, benefits and risks associated with the product. Please read the relevant PDS documents in full. Investors may lose part or all of their capital or there may be periods where their returns are diminished. Investments in Trilogy’s products are not bank deposits and are not government guaranteed.