The full effects of the February 0.25% RBA rate cut have now flowed through to the Bedrock fund's performance, with the fund delivering an annualised return of 11.00% in May.
Share article:
The May rate cut is expected to impact returns over the next 2–3 months, as it affects several existing Bedrock investments and the expected rates for new loans. Pleasingly, returns remain at market-leading levels, comfortably exceeding the target return of RBA + 5%.
The fund remains well diversified with investments in 26 loans to 20 borrowers at the end of May. This diversity is fundamental to Bedrock’s purpose in providing investors the investment spread they seek.