asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: MXT
release_schedule:
structure: Listed Investment Company
commentary_block:
factsheet_url:
fund_features:
MCP Master Income Trust (MXT) is a listed investment trust that invests in a portfolio of Australian corporate loans. It does so through investments in wholesale funds managed by its Investment Manager, debt-specialist fund manager Metrics Credit Partners (MCP or Manager). MXT listed on the ASX in October 2017. The Manager is targeting a return equal to the RBA Cash Rate plus 3.25% per annum net of fees and pays cash distributions monthly.
- The Manager seeks to implement active strategies designed to balance delivery of the target return, while seeking to preserve capital and directly originates and sources all loans and uses a detailed due diligence process for all transactions. MXT invests in three wholesale funds managed by Metrics Credit Partners, all of which provide exposure to the Australian corporate loan market but with differing risk-return investment profiles and target loan investments.
- From a credit quality perspective, the Manager targets the investment grade through to sub-investment grade segment (A through to <BB rated).