Oceana Australian Fixed Income Trust
Provides investors with an alternative to traditional Australian Private Credit.
Objective
Oceana Australia Fixed Income Trust (OAFIT)is a private debt ABS (Asset Backed Securities) securitisation program. OAFIT has fixed income characteristics of regular distributions combined with structural subordination and credit enhancement features. OAFIT offers three tranches of Notes (A, B, C), and have a ~10 year audited track record with a predominantly institutional investor base. The underlying assets of the trust are typically short-term receivables, centred largely around invoice financing, corporate lending, SME loans, and supplier finance.
People
Headquartered in Sydney since 2016 with offices in London and Manila, the team is highly experienced in SME, corporate lending and trade and debtor finance, underwriting and credit risk management.
Research Rating
SQM Superior 4.25 Star Rating: SQM Research considers the Fund has substantial potential to outperform over the medium-to-long term. Past returns have tended to be strong. Please contact us for further information.
Investment Philosophy
The Fund applies the principles of securitisation across the private debt sector and is unique in its value proposition by providing access to a range of private debt investments including, invoice and supplier finance, corporate lending, and SME loans, within a risk-mitigated strategy. It offers first-loss protection and credit enhancement to all investors across its capital structures with the principals participating in the first-loss piece of the structure and further supported by QBE and Allianz via Insurance coverage.
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
