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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 – 12 January 2021

We hope you enjoyed a safe and restful holiday period.

Prior to the holiday period, December was a busy and successful month for Trilogy with competitive performance by our flagship Trilogy Monthly Income Trust and Trilogy Enhanced Income Fund (more details below).

Just prior to the break we successfully negotiated and settled the sale of the Tower Central Trust (Trust)’s asset located at 114 Brisbane Street, Ipswich, Qld, for $25 million, a price which we believe is a positive outcome for investors in the Trust. Investors in the Trust will receive the first tranche of distributions from that sale this month.

In addition, we launched an expression of interest campaign for a new wholesale investment opportunity for a property at 3 Bridge Street, Pymble. In joint venture with Sumner Capital, the investment opportunity is based around the acquisition of a commercial property in Sydney with the potential for development upside. Expressions of interest are now invited from wholesale investors and the Offer is expected to open with the issue of an information memorandum in early February.

December Performance

The Trilogy Monthly Income Trust has returned 6.57% p.a.* to investors for the month of December. Seven (7) new loans were settled in the month for a total approved loan amount of $56.8m, making December the best month of the year for number and value of new loans settled. The value of drawdowns was strong during the month, indicating good construction progress, three loans paid out in full and other repayments progressed well.

The Trilogy Enhanced Income Fund has returned 3.51% p.a.* for the month of December. In December we saw a continued global risk-on rally with several major share indices reaching new all-time highs as the confidence of a supportive stimulus package out of the United States of America rose. Vaccines progressed from approval to manufacture and distribution phases with many developed economies preparing for vaccines to be deployed in the first quarter of this calendar year. We continue to monitor business sentiment, consumer sentiment and inflation expectations and other key metrics for their influence on our investments.

Distributions will be paid on or around Wednesday 13 January 2021, being the 8th business day of the month.

Company Update Rate Block | Trilogy Funds

*Net distribution paid to investors calculated daily and paid monthly in arrears for the month ended December 2020. Net distributions are variable each month and are quoted net of management fees, costs and assume no reinvestment. Past performance is not a reliable indicator of future performance.

Looking Forward

We remain confident in the resilience of the property sector in Australia. While we base our outlook on multiple sources of information, it is interesting to note that the most recent CoreLogic national data and commentary showed that Australia’s national home value index rose 1.0% in December 2020, with home values finishing 3.0% higher for the year and various market commentators are forecasting continued growth this year.

As a company we have also been encouraged by an increase in support for our offerings by existing and new investors over the past quarter as investors seek competitive income as part of their portfolios. The increase in interest from brokers and borrowers for financing from the Trilogy Monthly Income Trust, and the newly settled loans and drawdowns at the end of last year also indicate continued improvement in the property market.

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

Yours Sincerely,

Philip Ryan
Managing Director
Trilogy Funds Management Limited

This communication is issued by Trilogy Funds Management Limited ACN 080 383 679 AFSL 261425 (Trilogy) as responsible entity for the Trilogy Monthly Income Trust ARSN 121 846 722 and Trilogy Enhanced Income Fund ARSN 614 682 469 and other management schemes mention in this email. It does not take into account your objectives, personal circumstances or needs, nor is it an offer of securities. 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. 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 and 28 July 2020 for the Trilogy Enhanced Income Fund ARSN 614 682 469 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.

Trilogy 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 are not bank deposits and are not government guaranteed. Investors may lose part or all of their capital or there may be periods where their returns are diminished.