The fund ran a high level of cash and bank bills in the past 12 months to increase the liquidity of the fund and at the same time increasing its credit rating.
"As different to many of our competitors, the fund is well diversified and liquid, allowing a continuation of healthy distributions and an ability to meet investors' redemption needs," Austock Asset Management fund manager Doyle Mallett said.
The Austock fund is rated recommended by research house Zenith Investment Partners and has a Standard & Poor's three-star rating.
The fund is also available on various other platforms.
Austock Asset Management manages $220 million in hybrids, fixed interest and cash portfolios for both institutional and retail investors.
==
==
