(For wholesale investors only)
✓ An open-ended, unlisted, monthly distributing private credit fund
✓ An impressive performance track record after all fees and expenses of 9.63% p.a. since its inception in August 2017.
✓ Diversified across a select group of specialist non-bank lenders across various industries.
✓ Minimum investment of A$100,000 for wholesale and sophisticated investors as defined by the Corporations Act 2001.
✓ The Fund’s investments are backed by over 12,305 secured SME loans.
✓ Since its inception, there has been no volatility or loss of investors’ capital.
✓ Monthly distributions.
(For retail investors)
✓ An open-ended, unlisted credit income fund
✓ A performance track record after all fees and expenses of 10.90% in the 18 months since its launch in October 2022.
✓ Diversified across a select group of online lenders across various industries.
✓ Available for retail investors with a minimum investment of $25,000.
✓ The Fund’s investments are backed by over 8,057 secured SME loans.
✓ Since its inception, there has been no volatility or loss of investors’ capital
✓ Monthly distributions.
✓ Exposure to the private credit asset class, that individual retail investors cannot easily access on their own.
Annualised net return after fees*
Average monthly return
Months outperformed the benchmark
(since 4 October 2022)
Net return after fees
Average monthly return
Months outperformed the benchmark
After reading the Product Disclosure Statement and the Target Market Determination for the Aura Core Income Fund or the Information Memorandum for the Aura High Yield SME Fund:
Complete the online application form and ID verification online on the Olivia123 platform (approx. 10 minutes)
Submit the completed application form to the Administrator online
Transfer the funds and an investment confirmation will be issued by the Administrator
Source: ASX 200 (^AXJO) Adjusted Close Historical Data
Source: S&P Global - S&P Australia High Yield Corporate Bond Index Historical Data
*Past performance is not an indication of future performance
Founder and Chairman, Montgomery Investment Management
Roger Montgomery founded Montgomery Investment Management in 2010. He has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking.
Roger is the author of best-selling investment book, Value.able. He is a regular contributor to LiveWire and appears on television and radio, and in the press, including ABC’s Statewide Drive radio program, The Australian and Ausbiz.
Director Private Credit, Aura Credit Holdings
Brett is responsible for portfolio management and asset origination for both the Aura High Yield SME Fund and the Aura Core Income Fund.
Prior to joining Aura Group, Brett held a number of roles at Macquarie Group over an 11 year period including Vice President within the Debt Markets business where he focused on originating, structuring and distributing debt products primarily in the Australian market.
Brett is supported by a team of investment analysts.
Both the Aura High Yield SME Fund and the Aura Core Income Fund have been graded by Foresight Analytics as Very Strong.
The Aura High Yield SME Fund has received a Commended rating from Evergreen Ratings.
In this video, Brett Craig and Roger Montgomery introduce private credit, the opportunity it offers for stable monthly income while preserving capital, why SMEs seek funding outside of the main banks, where the Aura Core Income Fund invests and how it makes a return for investors.
Brett Craig spoke with James Marlay from Livewire as part of their 2023 Income Series to share his views on the drivers for this income opportunity, how the current economic environment is impacting various sectors of the economy and where he is seeing opportunities to generate stable income.
This information is provided by Montgomery Investment Management Pty Ltd (ACN 139 161 701 | AFSL 354564) (Montgomery) as authorised distributor of the Aura Core Income Fund and Aura High Yield SME Fund.
The Aura Core Income Fund (ARSN 658 462 652)(Fund) is issued by One Managed Investment Funds Limited (ACN 117 400 987 | AFSL 297042) (OMIFL) as responsible entity for the Fund. Aura Credit Holdings Pty Ltd (ACN 656 261 200) (ACH) is the investment manager of the Fund and operates as a Corporate Authorised Representative (CAR 1297296) of Aura Capital Pty Ltd (ACN 143 700 887 | AFSL 366230). Montgomery Investment Management Pty Ltd (ACN 139 161 701| AFSL 354564) (Montgomery) is the authorised distributor of the Fund. As authorised distributor, Montgomery is entitled to earn distribution fees paid by the investment manager and, subject to certain conditions being met, may be issued equity in the investment manager or entities associated with the investment manager.
You should obtain and carefully consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the Aura Core Income Fund before making any decision about whether to acquire or continue to hold an interest in the Fund. Applications for units in the Fund can only be made through a valid paper or online application form accompanying the PDS. The PDS, TMD, continuous disclosure notices and relevant application form may be obtained from www.oneinvestment.com.au/auracoreincomefund or from Montgomery.
The Aura High Yield SME Fund is an unregistered managed investment scheme for wholesale clients only and is issued under an Information Memorandum by Aura Funds Management Pty Ltd (ABN 96 607 158 814, Authorised Representative No. 1233893 of Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887).
Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this report you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs.
Montgomery, ACH and OMIFL do not guarantee the performance of the Funds, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. Past performance is not a reliable indicator of future performance. Information provided may be based on information provided by third parties that may not have been verified.
Aura Group has entered into a Distribution Partner Agreement (Distribution Agreement) with Montgomery Investment Management to distribute the Aura High Yield SME Fund and the Aura Core Income Fund, to its client base. Montgomery may receive a share of the fees you pay Aura Funds Management and Aura Credit Holdings Pty Ltd as well as potential equity in Aura Credit Holdings Pty Ltd ACN 656 261 200 (Aura Credit Holdings), a newly formed company within the Aura Group. Under the Distribution Agreement, the role of the Investment Manager of the Aura High Yield SME Fund will transition to Aura Credit Holdings once certain funds under management and revenue hurdles are met. This change will not trigger any changes to the trustee or the investment strategy of the Fund.
Where information provided by Brett Craig, Portfolio Manager of the Fund, consists of General Advice, this is provided as an Authorised Representative (AR No. 001298683) of Montgomery.