There is a strong focus on capital preservation and the Manager has a successful track record on preserving capital in down markets. A track-record of relatively high, stable and fully franked dividends may also serve the needs of those investors in the latter stage of their investment lifecycle.

Welcome to our latest LIC Monthly prepared by our Research Team based on data collected our Analysts on the Sector.

The company offers a unique opportunity to gain access to a portfolio of the highest conviction ideas from a select group of fund managers with the added benefit of contributing to Australian medical research institutes to support the development of new and improved treatments across a range ofspecialities.

All data here is sourced by our Research team and no reliance is made upon any other data providers. The data includes information provided by LIC / LIT managers who participate in our research scheme together with our own collection data in the sector.

One of, if not the, most important aspect of a Trust such as this is the Manager, with the performance of the Trust wholly dependent on the Manager’s credit risk assessment, deal structuring and loan management capabilities. We note that the Manager has largely been operating in a benign credit environment and a deterioration in the credit environment may result in the Trust experiencing some loan impairments.