Highlights

• 22 September 2026: Metrics Master Income Trust reported an unaudited NTA of AU$2.0100 per unit for the 21 September value date, while FY26 audit work remained in progress.
• 14 September 2026: The August monthly report showed a 0.72% monthly net return, with the portfolio holding 360 individual investments and 44% classified as investment grade.
• 31 August 2026: Preliminary FY26 results showed higher revenue and profit, alongside an annual net return that remained above the Fund’s stated target return.

Latest NTA Estimate Moves Above AU$2

Metrics Master Income Trust (ASX: MXT) released its latest Daily NTA Estimate on 22 September 2026, reporting unaudited net tangible assets of AU$2.0100 per unit for the value date of 21 September 2026. The Responsible Entity noted that the FY26 financial statements were still undergoing audit procedures, meaning previously reported preliminary figures could change before finalisation.

August Portfolio Report Shows Steady Income

On 14 September 2026, MXT released its August 2026 Monthly Report. The Fund generated a 0.72% net return for the month, taking its year-to-date net return to 5.51%. Its one-year net return stood at 8.36%, compared to a 7.43% target return.

The portfolio comprised 360 individual investments, with seven new positions added and three exited during August. Investment-grade exposure represented 44% of the portfolio, while weighted average credit duration was 1.5 years. The August distribution was 1.46 cents per unit, taking distributions for the first eight months of 2026 to 10.89 cents per unit.

FY26 Preliminary Earnings Rise

Earlier, on 31 August 2026, MXT lodged its FY26 Preliminary Final Report. Revenue increased 14.39% to AU$201.98 million, while annual profit rose 14.34% to AU$193.92 million. The figures remained unaudited pending completion of KPMG’s audit.

For FY26, the Fund generated an 8.21% annual net return, exceeding its target of the RBA Cash Rate plus 3.25% per annum. Net tangible assets stood at AU$2.45 billion, equivalent to AU$2.00 per unit, while full-year distributions totalled AU$191.90 million, or 15.69 cents per unit.

Outlook

Looking ahead, MXT’s near-term focus remains on maintaining monthly income generation while preserving portfolio diversification across Australian corporate credit. The August 2026 portfolio comprised 360 investments, with 44% classified as investment grade and a weighted average credit duration of 1.5 years, providing a broad spread of credit exposure. The latest NTA estimate of AU$2.0100 per unit for 21 September 2026 indicates relatively stable asset backing. However, investors should note that the FY26 audit was still incomplete as of 22 September, meaning preliminary financial figures could be revised before finalisation.

Note- All data presented is based on information available at the time of writing.

Disclaimer for Kapitales Research

The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.Disclosure: The information mentioned above has been sourced from the company reports and a third-party database, i.e. Koyfin. Investors are advised to use strict stop-loss to protect their investments in case of any unfavorable/uncertain market events.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au