Overview
The Hastings Yield Fund (HYF) is managed by
Hastings Funds Management Limited (Hastings) and was established in March 1999
to provide a regular source of income funded through a diversified portfolio of
interest bearing securities. Investments include senior, subordinated,
mezzanine debt and equity investments. HYF is provided with access to a wide
range of quality investment opportunities through its manager, Hastings.
Objectives
The principal investment objectives of HYF are to
· Manage an investment portfolio of interest
bearing securities to provide unitholders with a regular source of income
· Hold investments for the medium to long term
· Generate a return of 3.00 percent per annum
(before fees and expenses) above the UBS Australian Bank Bill Index (the Index)
Investments (as at 30 June 2011)
|
Sector
|
Investment
|
Location
|
Type of security
|
|
Airports
|
BAA
|
International
|
Toggle Facility
|
|
Directories
|
Yellow Pages Group
|
International
|
Senior Term Loan, Optional Convertible Notes and
Ordinary Equity
|
|
Healthcare
|
DCA Group
|
Australia
|
Senior Term Loan, Ordinary Equity and Warrants
|
|
Industrial
|
BIS
|
Australia
|
Senior Term Loan
|
|
|
Manildra Group
|
Australia
|
Reset Secured Notes
|
|
Power and Distribution
|
Inexus
|
International
|
Junior Floating Rate Loan
|
|
Property
|
Australand
|
Australia
|
Subordinated Step-up
Exchangeable Trust Securities
|
|
Telecoms
|
Arqiva
|
International
|
Junior Floating Rate Loan
|
|
|
Eircom
|
International
|
Senior Term Loans
|
|
|
TDF Group
|
International
|
Second Lien Loan
|
|
Timber
|
Hyne Timber
|
Australia
|
Ordinary Equity
|
|
|
Wesbeam
|
Western Australia
|
Mezzanine Floating Rate Note
|
|
Transport
|
AB Ports
|
International
|
Junior Floating Rate Loan
|
|
|
Maher Terminals
|
International
|
Junior Floating Rate Loan
|
|
|
Newcastle Coal
Infrastructure Group
|
Australia
|
Secured Hunter
Infrastructure Notes
|
|
Utilities
|
South East Water
|
International
|
Junior Floating Rate Loan
|
Net Asset Value
The current and historical net asset value (NAV) for units in the Hastings Yield Fund are as
follows:
|
DATE
|
NAV
|
|
30 April 2012
|
$0.855
|
|
31 March 2012
|
$0.849
|
|
29 February 2012
|
$0.843
|
|
31 January 2012
|
$0.835
|
|
31 December 2011 – post distribution
|
$0.830
|
|
31 December 2011 – pre distribution
|
$0.871
|
|
30 November 2011
|
$0.883
|
|
31 October 2011
|
$0.898
|
|
30 September 2011
|
$0.892
|
|
31 August 2011
|
$0.886
|
|
31 July 2011
|
$0.881
|
|
30 June 2011 - post distribution
|
$0.876
|
|
30 June 2011 - pre distribution
|
$0.914
|
|
31 May 2011
|
$0.908
|
|
30 April 2011
|
$0.930
|
|
31 March 2011
|
$0.924
|
|
28 February 2011
|
$0.917
|
|
31 January 2011
|
$0.911
|
|
31 December 2010 - post distribution
|
$0.905
|
|
31 December 2010 - pre distribution
|
$0.953
|
|
30 November 2010
|
$0.954
|
|
31 October 2010
|
$0.957
|
|
30 September 2010
|
$0.950
|
|
31 August 2010
|
$0.955
|
|
31 July 2010
|
$0.944
|
|
30 June 2010 - post distribution
|
$0.937
|
|
30 June 2010 - pre distribution
|
$1.000
|
|
31 May 2010
|
$1.007
|
|
30 April 2010
|
$1.003
|
|
31 March 2010
|
$0.995
|
|
28 February 2010
|
$0.993
|
|
31 January 2010
|
$0.987
|
|
31 December 2009 - post distribution
|
$0.983
|
|
31 December 2009 - pre distribution
|
$1.028
|
|
30 November 2009
|
$1.004
|
|
31 October 2009
|
$0.991
|
|
30 September 2009
|
$0.971
|
|
31 August 2009
|
$0.961
|
|
31 July 2009
|
$0.954
|
|
30 June 2009 - post distribution
|
$0.942
|
|
30 June 2009 - pre distribution
|
$0.980
|
|
31 May 2009
|
$0.974
|
|
30 April 2009
|
$0.975
|
|
31 March 2009
|
$0.965
|
|
28 February 2009
|
$0.955
|
|
31 January 2009
|
$0.953
|
All amounts shown here
are in Australian dollars.
The Hastings Yield Fund was established in March 1999.
People and Board
Chief Operating
Officer
Steve Rankine
Board
Hastings Funds Management Limited
Board
Last updated 30 April
2012