Sydney, 31 January 2022 – Bendigo Income Generation Fund assigned initial Investment Rating of ‘VERY STRONG’ and Product Complexity Rating of ‘RELATIVELY SIMPLE.’
Foresight Analytics has completed a rating assessment of the Bendigo Income Generation Fund managed by Sandhurst Trustees Ltd (Sandhurst), a fully owned subsidiary of Bendigo and Adelaide Bank. The fund has been assigned a ‘VERY STRONG’ investment rating and a Foresight Complexity Indicator of ‘RELATIVELY SIMPLE’, which reflects the view that the Fund is considered a relatively simple financial product, and that the investment manager will seek to outperform their chosen mainstream market sector.
A VERY STRONG rating is the second-highest rating on the scale used by Foresight Analytics and reflects a very strong level of confidence that the Fund can deliver a risk-adjusted return in line with its positive absolute return objective.
A Foresight Complexity Indicator of RELATIVELY SIMPLE has also been assigned. This designation indicates that the investment manager will seek to outperform their chosen mainstream market sector. The strategies used are well documented and do not include the use of leverage or derivatives for trading purposes. While this fund is expected to move closely in line with mainstream markets, there may be periods where it outperforms or underperforms the benchmark index.
The Bendigo Income Generation Fund seeks to provide an enhanced cash investment that targets a return above the benchmark; the Bloomberg AusBond Bank Bill Index. The Fund invests primarily in Australian dollar-denominated investment-grade Credit Securities (debt securities issued by banks and companies) generally. The portfolio is actively managed to minimise capital loss and provide consistent income over time.
The Fund provides quarterly income and is available either directly or through an investment platform. Since its inception, the Fund has fulfilled its objective, providing returns of 0.82% pa over the benchmark, while maintaining a high level of capital stability and liquidity.
Foresight’s analyst, Maggie Callinan, says “that the Investment Managers’ investment process is robust and benefits from its experienced and stable management team. She further added that the investment approach used by the team is conservative, technical, and highly analytical.”
The research report is available from Foresight 360.
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