Press Release – Foresight Ratings Reaffirms the SocietyOne Personal Loans Trust Rating as ‘VERY STRONG.’
Sydney, 27th March 2026
Foresight Ratings has recently completed a ratings assessment of the SocietyOne Personal Loans Trust.
The Investment Rating for the strategy has been retained as VERY STRONG. The Product Complexity Rating has been confirmed as COMPLEX.
A VERY STRONG rating indicates a very high level of confidence that the Fund can deliver a risk-adjusted return in line with its investment objectives at this stage of the growth of online lending in Australia. The investment manager’s support for this strategy is experienced and well-resourced. Designation as a COMPLEX product indicates that the investment manager will seek to outperform their chosen specialist market sector, in this case, the Australian personal and auto loan market.
The SocietyOne Personal Loans Trust is a cash-adjacent income product with an initial 12-month term. It’s designed to provide stable returns of 5%-8% per annum (previously 4%-7% and consistent with historical performance). It is managed by SocietyOne Australia Pty. Ltd., which was acquired by the similarly sized listed company MoneyMe Group in March 2022.
The underlying portfolio largely comprises unsecured and secured personal loans and secured automotive loans. The loans included in the Trust’s portfolio are made to prime borrowers. The Manager carefully chooses the highest-quality loans from the SocietyOne/MoneyMe lending platform for inclusion in the underlying portfolio. Additionally, there is a first-loss provision applicable to the portfolio, which currently sits at the maximum of 4.5% of the Trust’s net asset value.
While the FUM of the Trust has grown to approximately $48M (as at January 2026), the combined MoneyMe/SocietyOne entity has approximately $1.77BN to fund its lending activities. The vast bulk of this has been financed by a broad range of institutional investors through pre-term-out securitised warehouse structure. Importantly, following amendments to the Information Memorandum in late 2024, the Trust can now also invest in Notes issued in MoneyMe’s warehouse and ABS programs (capped at 50% of the portfolio), which has contributed to enhanced returns while maintaining a conservative risk profile.
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About Foresight Analytics’ Investment Due Diligence Rating (IDD Rating)
The objective of Foresight Analytics’ Investment Due Diligence Rating (IDD Rating) is to identify the best funds and opportunities for future investment. We assess the fund’s historical risk-adjusted performance, compared to its peers, to form a holistic view of the manager’s ability to deliver future returns. The IDD rating indicates the quality of the investment option within the context of a diversified portfolio and full investment cycle.
Foresight’s analysts use a 5-point scale to determine how the fund will perform against a range of risk factors.
- SUPERIOR indicates the highest level of confidence that the fund can deliver a risk-adjusted return in line with its investment objectives and that it is highly suitable for inclusion on APLs.
- VERY STRONG indicates a very strong conviction that the fund can deliver a risk-adjusted return in line with its investment objectives and that it is suitable for inclusion on most APLs.
- STRONG indicates a strong likelihood that the fund can deliver a risk-adjusted return in line with its investment objectives and that it is suitable for inclusion on most APLs.
- COMPETENT indicates the fund may deliver a risk-adjusted return in line with its relevant benchmark and that it may be suitable for APLs.
- WEAK indicates the fund is unlikely to deliver a risk-adjusted return in line with its investment objective and that it is not suitable for most APLs.
A ‘Hold’ designation is applied to a fund’s rating if a material change impacts the fund manager, and we need to review the rating. A ‘Sell’ designation indicates the Foresight Investment Ratings Committee considers risk factors to be elevated enough that maintaining an investment in the fund as part of their diversified portfolio is questionable.
Foresight Analytics Foresight Complexity Indicator
A Foresight Complexity Indicator (FCI) highlights the complexity of an investment product based on a range of indicators. These typically include its terms and conditions, performance-based fees, liquidity structure, financial leverage, use of derivatives, rare and niche asset class/opportunity set, currency exposure and the level of transparency offered for investors. Foresight believes these factors can disproportionately affect risk-adjusted return outcomes for investors even if a manager is very skilled. Investors can use FCI as a guide to portfolio position sizing within a diversified portfolio context.
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