Diversified Credit Fund Performance Report – October 2025

We’ve had consistent interest in the Diversified Fund from existing investors during the month. All funds received were promptly deployed to loans or acquired units within the Bowery Capital Mortgage & Investment Fund. All loans and investments performed as expected for the month with zero defaults occurring.

Summary of the performance:

• Investor Distribution Rate of 9.08% p.a. (Annualised) for the month of October 2025
• Exceeded its benchmark by 0.48% p.a (5.48% above RBA Cash Rate)
• Conservative LVR Exposure of 56.5%
• Funds deployed across 8 different loans
• Diversified mix of underlying securities including residential, commercial, mixed use and vacant land

Contrary to widespread expectations, the RBA held the cash rate steady at 3.60% in their meeting in early November and appears to remain consistent for the next few months. The Targeted Distribution Rate for the Fund will remain at RBA cash rate + 5.0% p.a.

Please click on the image below to download the monthly performance report.