MXT - Metrics Master Income Trust

 MXT Metrics Master Income Trust

12-07-26

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https://www.marketindex.com.au/asx/mxt?src=search-all

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The ASX:MXT (Metrics Master Income Trust) is an actively managed fund that gives everyday investors exposure to the Australian corporate loan and private debt market, a space historically dominated by major banks. [1]

Here is exactly what it does:

• Invests in Private Credit: Instead of buying shares in companies, your money is pooled to lend directly to corporations, real estate developers, and infrastructure projects. [1, 2]
• Pays Monthly Income: It pools interest from these loans and distributes the cash to investors on a monthly basis, with a target return usually tied to the RBA cash rate plus a premium. [1, 2]
• Manages Risk: The fund primarily focuses on "senior secured" debt, meaning if a borrower defaults, MXT is first in line to get its money back, helping to preserve your initial investment. [1, 2, 3]

It is primarily used by investors looking for a steady, reliable stream of passive income alongside portfolio diversification away from traditional stocks and bonds. 

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ASX:MXT (Metrics Master Income Trust) has delivered a steady total return of around 7.52% p.a. over the past 5 years. As a managed investment trust focused on corporate loans, it has minimal corporate debt, pays out nearly 100% of its profits to investors, and maintains a consistent 5-year distribution yield of roughly 7.5% to 8.5%. [1, 2, 3, 4]

Financial Snapshot

• 5-Year Total Return: ~37.30% (including distributions). [1]
• Profit (Net Income): The trust remains highly profitable, generating consistent net operating incomes that historically exceed $160M AUD. [1]
• Debt: Negligible, as it is a pass-through listed investment trust (LIT). It invests in corporate loans rather than raising debt on its own balance sheet. [1, 2, 3]
• Return on Equity (ROE): Consistently tracks between 6.9% and 8.2%. [1]
• Dividend Yield: Trailing 1-year yield is roughly 8.13%. [1]

Key Performance Drivers

• Income-Focused Structure: Because MXT primarily gives investors exposure to the Australian corporate loan market (acting like a bank), its primary goal is providing monthly cash income rather than massive share price growth. [1, 2]
• Capital Stability: The trust's Net Asset Value (NAV) has historically remained highly stable, hovering close to or slightly above its $2 issue price even during economic downturns. [1]
• Current Share Price: MXT typically trades between $1.87 and $2.07 AUD. [1, 2]

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