The new offering, the Australian Masters Yield Fund No 1 (AMYF), will be unlisted and initially issue 500,000 shares at $100 each.
Dixon Advisory is looking to raise up to $50 million before oversubscriptions.
"The fixed-income market continues to present investors with attractive investment opportunities. Despite the tightening of credit spreads since the global financial crisis, there remain elements of the fixed-income universe which present investors with attractive risk-adjusted returns," AMYF director Alan Dixon said.
One of the objectives of the new fund is to take advantage of fixed-income investment opportunities that lie outside high-grade corporate bonds.
Applications totalling more than $30 million for the fund have been received and the offer closes on 2 December.
