Investment Update

December 2020

Dear Unitholder,

We don’t need to tell you what an extraordinary year 2020 has turned out to be. Bushfires that started in 2019 were still raging into the first quarter of 2020 and as they were finally extinguished, COVID-19 took the whole world by surprise, rapidly spreading across the globe and testing healthcare systems to their limits. COVID-19 also shook the foundations of national economies but no less unprecedented were the powerful responses of national governments in trying to mitigate the impact of the virus on financial markets and consumers.

Please click on the short video below to learn how Gryphon managed its investment portfolio during the COVID-19 crisis.
GCI Distribution
GCI announced a 0.72 cents per unit distribution for the month, generating a trailing 12-month distribution return of 4.29% (net).
GCI’s latest Investment Update has now been released and we encourage you to download the report.
Download the latest GCI Investment Update
GCI Snapshot as at 31 December 2020
IPO Date 25 May 2018
Assets Fixed Income, floating rate
ASX Price / NTA (Unit) $2.00 / $2.01
Market Cap $412.3m
Investment Management Fee1 0.72%
Performance Fee None
Distributions Monthly
Current Yield2 4.32%
Unit Pricing Daily
Fund Performance as at 31 December 2020
Performance 1 Mth 3 Mth 6 Mth 1 Yr Incept (Ann)
Net Return (%) 0.37 1.77 3.04 4.42 4.81
RBA Cash Rate (%) 0.01 0.04 0.10 0.32 0.93
Net Excess Return (%) 0.37 1.73 2.93 4.08 3.84
Distribution3 (%) 0.36 1.08 2.18 4.29 4.49
Distribution (c/unit) 0.72 2.17 4.32 8.41 8.82
1 Includes GST, net of reduced input tax credits.

2 December 2020 distribution as % of unit price, annualised.

3 Actual distribution as a % of NTA, assuming distribution reinvestment.

One Managed Investment Funds Limited (ABN 47 117 400 987) (AFSL 297042) (OMIFL) is the responsible entity of the Gryphon Capital Income Trust (ARSN 623 308 850 (“Fund”). Information contained in this document was not prepared by OMIFL but by other parties. While OMIFL has no reason to believe the information is inaccurate, the truth or accuracy of the information cannot be warranted or guaranteed. Before making any decision regarding the Fund, investors and potential investors should consider the Product Disclosure Statement (PDS) and other continuous disclosures available on the Australian Securities Exchange ("ASX") website (Disclosure Material). The Disclosure Material contains important information about investing in the Fund and it is important investors obtain and read the Disclosure Material before making a decision about whether to acquire, continue to hold or dispose of units in the Fund. Investors should also consult a licensed financial adviser before making an investment decision in relation to the Fund. Past performance is not indicative of future performance.
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