Pepper is in the middle of arranging a nine tranche “non-conforming” RMBS issue. Initially the issue was worth $600 million in size but demand must have been good because it has been up-sized to $700 million. It’s non-conforming as a substantial proportion of the loans are to self-employed borrowers and/or borrowers with prior “credit impairment” histories. No loans in the pools have mortgage insurance. Caveat emptor!
| Domestic Income Funds | Yield* | Assets |
|---|---|---|
| Coolabah Floating-Rate High Yield (Mngd)-Ast Inv | 9.19% | Alternative Fixed Income |
| Coolabah Short Term Income (Managed) | 5.42% | Alternative Fixed Income |
| Coolabah Short Term Income-Assisted | 5.82% | Alternative Fixed Income |
| Coolabah Short Term Income-Direct | 5.42% | Alternative Fixed Income |
| Finexia Childcare | 10.00% | Childcare Credit |
| Finexia StayCo | 10.00% | Accommodation |
| Barings | 9.00% | Real Estate |
| Qualitas Real Estate (QRI) | 9.00% | Real Estate |
* ANNUALISED INCOME DECLARED OVER PAST 3 MONTHS AT 1 FEB 24