The Aura High Yield SME Fund (the Fund) is an open-ended unlisted fund that invests in online (non-bank) lenders specialising in providing finance to small-to-medium businesses (SME) in Australia.
The Fund offers monthly income, targeting 9% to 12% per annum return (net of management fees) with a low level of expected capital loss, provided that the Australian economy does not slow significantly. The Fund’s investments are backed by diversified pools of SME loans.
The Fund offers access to an attractive investment on a risk-return basis that captures the higher interest rate premium of SME loans.