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MOT - Metrics Income Opportunities Trust

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System

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The MCP Income Opportunities Trust seeks to provide investors with exposure to a portfolio of mostly private credit investments.

The Investment Objective of the Trust is to provide quarterly cash income, preserve investor capital and manage investment risks seeking to provide potential for upside gains through investments in private credit and other assets such as Warrants, Options, Preference Shares and Equity.

It is anticipated that MOT will list on the ASX during April 2019.

https://metrics.com.au/mot/
 
On August 3rd, 2021, MCP Income Opportunities Trust changed its name to Metrics Income Opportunities Trust.
 
tread carefully, peoples.
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Metrics said its $712 million Metrics Opportunities Trust was exposed to 27 equity investments, equal to a quarter of the fund’s assets under management. Twenty-one of those were in commercial real estate. Another Metrics fund, MCP Credit Trust, was exposed to 20 equity investments, making up 30 per cent of assets under management.

Metrics Opportunities Trust’s concentration of equity has increased over the past 12 months. As of January 2024, equity investments made up 18 per cent and senior loans made up 61 per cent of the fund. As of January 2025, equity made up 25 per cent of the fund and senior loans made up 56 per cent.

“The trust is structured as a hybrid fund that can invest in a portfolio of debt and equity/equity-like securities,” Metrics said.

The Metrics Opportunities Trust report said the fund had no loan losses and it had not written down the value of any of its loans. That is despite the fund having four restructured loans as of December – the most it has ever had – and three loans under enforcement action.

Metrics has continued to deal with more troubled projects this year. The private credit firm has been a lender to developer Jean-Dominique Huynh and his firm JDH Capital, which has come under financial pressure and is owed as much as $293 million.
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moving from being 'senior secured' to taking equity in several property developments or companies to which it was previously a lender lo avoid taking a loss sometimes doesn't end well.
 
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dropping

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not much point holding for yield if the share price is dropping.
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according to the AFR, Count Financial was conducting an out-of-cycle review of private credit after an increase in instability in the asset class and is recommending its advisers sell holdings in at least three funds run by Metrics Credit Partners, launching a wide-ranging review of private credit to assess whether the returns are still worth the risk.

Count has told advisers that its review and recommendation was out of the ordinary, adding that they believed it was appropriate to protect investors. The review, it said, was in response to concerns about the investment grade quality of assets, liquidity issues in the broader sector, rising levels of unsecured debt, the high exposure of private credit firms to construction development and the recent defaults in construction companies.
 
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Major funds run by Metrics Credit Partners, one of the largest non-bank lenders in the country, have been downgraded by influential advisory house Lonsec, which has warned of growing governance concerns.

The funds include the listed Metrics Income Opportunities Trust, and Metrics Master Income Trust, which offer retail investors exposure to corporate and property lending. Metrics, which oversees $30 billion in investments, is the country’s ninth-largest lender to businesses
 
Dona Ferentes said:
Major funds run by Metrics Credit Partners, one of the largest non-bank lenders in the country, have been downgraded by influential advisory house Lonsec, which has warned of growing governance concerns.
Click to expand...
after so-called First Guardian debacle, people are paying more attention to ratings agencies and advisory houses.

 
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