Merx Wholesale 1 PIE Trust
Fund Performance
The Merx Wholesale 1 PIE Trust invests in loans to unrelated borrowers in the local business and property sectors. PIE tax compliant and structured as a unit trust, the fund allows wholesale investors to keep more of their investment returns while providing flexibility, liquidity, and reduced concentration risk.
We aim to deliver consistent returns of over 10% p.a. to our investors, with net returns distributed monthly. Many investors choose to reinvest and compound their returns.
As shown in the table below, actual net returns have consistently exceeded our targets since inception, offering strong and consistent returns to our investors.
Fund Performance (as at 30 November 2024)
Returns after fees, before tax.
| Financial Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total Return Calendar Year | Total Return Since Inception* | Compound Annual Return** |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | - | - | - | - | - | - | - | - | 1.29% | 1.13% | 1.52% | 2.16% | 6.10% | - | - |
| 2023 | 1.40% | 2.19% | 1.65% | 0.99% | 1.15% | 1.19% | 1.07% | 1.83% | 1.50% | 1.28% | 1.82% | 1.55% | 17.62% | - | - |
| 2024 | 1.07% | 1.32% | 1.32% | 1.25% | 1.19% | 1.06% | 1.10% | 1.25% | 1.25% | 1.12% | 1.16% | - | 13.09% | 44.12% | 18.35% |
*Total pre-tax returns since inception – returns compounded – is based on an actual investor account with net returns re-invested monthly.
**Compound annual pre-tax returns – since inception.
Past performance is not a guarantee of future performance. The fund was established on 30 June 2022 and made its first investments in September 2022.
Comparison of compounded returns of an investment with Merx against an investment returning OCR + 2.5%
The graph illustrates the value of a Company investor account, showing compounded net returns on an initial $250,000 investment in the Merx Wholesale 1 PIE Trust, compared to an investment returning Official Cash Rate (OCR) plus a 2.5% margin since the fund’s inception.
Comments from Merx Investors
Aligned Interests
Aligned interests is a core principle of the Merx Wholesale 1 PIE Fund. As the Trust’s management team, we personally invest alongside our investor partners. We have the same risks and potential returns as our investors.
Aligned Interests
Aligned interests is a core principle of the Merx Wholesale 1 PIE Fund. As the Trust’s management team, we personally invest alongside our investor partners. We have the same risks and potential returns as our investors.
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