UniversusMaster Income Fund
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For Sophisticated Investors

The retail income fund for a more sophisticated investor

Income you can plan around. Diversified secured lending inside a registered retail fund, with full disclosure and independent oversight.

BBSW30 + 3.75% p.a.1Target income, net of fees, paid monthly*
  • Registered Retail Fund
  • Monthly Income Target
  • From $100,000

*Target return (net of fees). Not guaranteed. See the Product Disclosure Statement (PDS) for details.

Download Product Disclosure Statement (PDS)Apply Now
Registered retail managed fundOpen to retail and wholesale investorsMonthly income target

About the Fund

Investment Objective

The Fund's Investment Objective is to provide regular and consistent monthly cash income and capital preservation at a portfolio level by investing in a diversified portfolio of secured loan and mortgage receivables. However, neither the Responsible Entity nor the Investment Manager guarantees the performance of the Universus Master Income Fund.2

An unlisted unit trust registered under Chapter 5C of the Corporations Act (ARSN 697 565 030).3

MonthlyDistributions
BBSW30 + 3.75%Target Return (net of fees)*
$100,000Minimum Investment
12 MonthsInitial Investment Term

*The target return is not guaranteed. Past performance is not a reliable indicator of future performance.

Why It's Different

Sophisticated income, in a registered retail fund

Diversified private secured-lending income has typically been offered privately, in large parcels and with limited public disclosure. Universus changes that. It targets BBSW30 + 3.75% p.a. (net of fees)1, paid monthly4, inside a registered retail fund that is open to you. Higher target returns come with higher risk than cash, and returns are not guaranteed.

Open to retail investors

Universus is a registered retail managed investment scheme, open to retail and wholesale investors on the strength of its Product Disclosure Statement (PDS) and Target Market Determination (TMD).

Income potential

Targets BBSW30 + 3.75% p.a. (net of fees), paid monthly. Higher target returns carry higher risk than cash, and are not guaranteed.

Diversified secured lending

Exposure across RMBS, CMBS and ABS structures secured by loan and mortgage receivables from established non-bank lenders.

The Shift

Pooled mortgage income opportunities, held within a registered retail fund

Traditional private credit

The traditional route

  • Historically offered privately, by invitation
  • Large minimum commitments
  • Limited public disclosure
  • Little visibility over structure and oversight
With Universus

Open to retail investors

  • Open to retail and wholesale investors
  • Full Product Disclosure Statement (PDS) & Target Market Determination (TMD)
  • Independent Responsible Entity & custodian
  • Apply online from $100,000

Being open to retail investors does not reduce investment risk, and returns are not guaranteed. See Important Information below and the Product Disclosure Statement (PDS).

How It Works

Your Investment Journey

Step 1

Invest

Apply online and invest from $100,000.

Step 2

We Manage

Your capital is pooled and invested in diversified secured loan and mortgage receivables through specialist SPV structures.

Step 3

Earn Income

Receive regular monthly cash distributions targeting BBSW30 + 3.75% p.a. (net of fees).

Important: Distribution payments are not guaranteed. Distribution schedules may be altered, and payments may be reduced or paid later than expected.

Investment Strategy

Where We Invest

The Fund invests in interest-bearing notes and bonds issued by SPVs/Trusts established to invest in portfolios of secured loan and mortgage receivables originated by non-bank lenders.

  • Short Term Mortgage LendingRMBS & CMBS
  • Hospitality FundingCMBS
  • ESG Affected PropertyRMBS & CMBS
  • Commercial Asset-SecuredABS
  • Franchise OperationsABS
  • Trade FinanceABS

The Fund does not originate loans directly, does not provide direct lending of any kind and does not hold direct security interests over individual borrower assets.

Ready to invest in monthly income?

Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before investing. Target return is not guaranteed.

Apply NowDownload Product Disclosure Statement (PDS)

Retail-Grade Protections

Sophisticated strategy. Retail-grade safeguards.

Because Universus is a registered retail fund, your investment comes with disclosure and oversight that wholesale-only offers are not required to provide.

A registered fund

A managed investment scheme registered with ASIC under Chapter 5C of the Corporations Act (ARSN 697 565 030), not an unregulated private offer.

Full disclosure — Product Disclosure Statement (PDS)

A Product Disclosure Statement (PDS) sets out the fund’s terms, fees and risks in full. You should read it before investing.

Target Market Determination (TMD)

Under the Design & Distribution Obligations, a Target Market Determination (TMD) defines the investors the fund is designed for.

Independent operations

The Investment Manager engages reputable, industry-leading organisations to provide third-party controls that promote safe and ethical handling of investor funds.

Experienced management

The Investment Manager behind the Universus Master Income Fund is made up of trained and qualified industry practitioners with several decades of experience across multiple business and economic cycles.

Cooling-off & complaints

14-day cooling-off rights apply while the fund is liquid, with access to internal and external dispute resolution.

An investment in the Universus Master Income Fund is not a bank deposit and is not guaranteed. Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before investing.

Fund Details

Key Information

FieldValue
Fund NameUniversus Master Income Fund
ARSN697 565 030
Product Disclosure Statement (PDS) Date15 May 2026
Responsible EntityOne Managed Investment Funds Limited (AFSL 297042)
Investment ManagerSingle Asset Exposure Limited (AFSL 564987)
CustodianOne Managed Investment Funds Limited
Fund TypeUnlisted unit trust (registered MIS)
Investor TypeRetail and Wholesale
Target ReturnBBSW30 + 3.75% p.a. (net of fees)*
Distribution FrequencyMonthly
DRP AvailableYes
Minimum Investment$100,000 / $10,000 additional †
Unit Price$1.00 (initial); NAV-based thereafter
Initial Investment Term12 months
RedemptionsQuarterly

*The target return is BBSW30 + 3.75% p.a. (net of fees); the benchmark rate changes over time and the return is not guaranteed. † The minimum investment for this offer is $100,000; the Fund’s Product Disclosure Statement (PDS) permits investments from $20,000.

Investment Manager

Single Asset Exposure Limited

The Investment Manager, Single Asset Exposure Limited (SAEL), is responsible for implementing the Fund's investment strategy. Operating from North Sydney, the team applies rigorous investment selection processes and risk protocols. SAEL holds Australian Financial Services Licence 564987 (Retail).

Learn more about our funds
ACN
617 371 310
AFSL
564987 (Retail)
Address
Level 9, 54 Miller Street, North Sydney NSW 2060

Our People

The people behind the strategy

Single Asset Exposure Limited (SAEL), the Universus Master Income Fund’s Investment Manager, is led by an experienced funds management, credit and compliance team.

Paul Jones

Paul Jones

Managing Director & Chief Investment Officer, Single Asset Exposure Limited

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Paul Jones is the Managing Director and Chief Investment Officer of Single Asset Exposure Limited. In this capacity, he works closely with the Chief Executive Officer to develop investment strategy and oversee the performance of the Universus Master Income Fund.

Paul has more than 20 years’ experience across funds management, debt capital markets, securitisation and credit. As a Responsible Manager, he has successfully guided two organisations from their formative stages through to Australian Financial Services Licence (AFSL) status, with authorisations to provide services to both wholesale and retail clients.

These achievements have given Paul a detailed understanding of the regulatory frameworks and obligations that support the responsible, prudent and effective operation of Australia’s investment management and funds management sectors. His experience extends beyond obtaining the necessary AFSL authorisations to establish and operate funds management businesses.

Paul has developed and implemented systems designed to support the long-term growth of funds under management, the selection and allocation of complementary counterparties, ongoing analytical assessment of portfolio investments, transparent investor reporting, and the proactive and diligent stewardship of investor capital.

Paul holds undergraduate qualifications in Mathematics and Economics and a Master’s degree in Finance. He maintains an ongoing commitment to professional education and training, ensuring his knowledge remains current across investment management, funds management and regulatory obligations.

John (JT) Thomas OAM

John (JT) Thomas OAM

Responsible Manager, Single Asset Exposure Limited

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JT is a 50-year veteran of the financial services industry and since 1987 a specialist in commercial mortgage funds. Considered by many to be the father of the modern commercial mortgage fund sector, JT helped establish and then managed — for 17 years — what became the largest and most successful commercial mortgage fund in Australia, The Howard Mortgage Trust, with assets exceeding $3 billion. Under JT’s stewardship, investors never lost one cent of their investments and indeed, investors always received competitive monthly returns.

From 2008–2010 JT was Chair of the $40 billion mortgage trust industry sector working group and regularly advised ASIC on industry matters. Separately, JT also has much experience in managing MIS Property Funds.

JT’s current role with SAEL requires him to always protect investors’ interests by overseeing Governance, Risk and Compliance matters.

Key Documents

Read these before you invest

Everything you need to make an informed decision. Please read both the Product Disclosure Statement (PDS) and the Target Market Determination (TMD).

Offer Document

Product Disclosure Statement (PDS)

The full terms, fees, benefits and risks of the Fund. Read this before making any decision to invest.

Download Product Disclosure Statement (PDS)
Suitability

Target Market Determination (TMD)

Sets out the class of investors the Fund is designed for, under the Design & Distribution Obligations.

View Target Market Determination (TMD)
Apply Now

Invest in your next chapter

Start from $100,000 and target regular monthly income. Read the Product Disclosure Statement (PDS) and apply online in minutes.

Apply NowDownload Product Disclosure Statement (PDS)

The target return is not guaranteed. Investors should consider the Product Disclosure Statement (PDS) before deciding whether to invest in the Universus Master Income Fund or continue to hold units in the Universus Master Income Fund.

Get In Touch

Contact Us

By submitting this form, you consent to being contacted. This does not constitute an application to invest.

Investment ManagerSingle Asset Exposure Limited, Level 9, 54 Miller Street, North Sydney NSW 2060
Responsible EntityOne Managed Investment Funds Limited, Level 16, Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000

Important Information

All investments carry risk. Before investing, read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) in full, including the key risks, before investing.

  1. The target return of BBSW30 + 3.75% p.a. is net of fees. It is a target only. It is not a forecast or a guarantee, is variable and will change over time. Past performance is not a reliable indicator of future performance.
  2. The Universus Master Income Fund targets capital preservation at a portfolio level. The unit price is targeted at $1.00 but is not guaranteed, and you may lose some or all of your capital. An investment in the Universus Master Income Fund is not a bank deposit and is not covered by any government guarantee.
  3. The Universus Master Income Fund invests in interest-bearing notes and bonds issued by SPVs and Trusts. It does not originate loans directly, does not provide direct lending, and does not hold direct security interests over individual borrower assets.
  4. Distributions are intended to be paid monthly but are not guaranteed. Distribution schedules may be altered, and payments may be reduced or paid later than expected.
  5. This information is general information only and does not constitute personal financial advice. Content on this website or available to download via this website is not intended as financial advice, and Single Asset Exposure Limited is not licensed to provide financial advice and will not provide advice. Always refer to a licensed and registered financial advisor to seek advice on this product.
  6. Investors should consider the Product Disclosure Statement (PDS) before deciding whether to invest in the Universus Master Income Fund or continue to hold units in the Universus Master Income Fund. Always read the Product Disclosure Statement (PDS) and ensure that an investment is right for you. Past performance is not a reliable indicator of future performance.
  7. Neither the Responsible Entity nor the Investment Manager guarantees the performance of the Universus Master Income Fund, the repayment of capital, or the payment of distributions. An investment in Units in the Universus Master Income Fund is not a bank deposit and is not covered by any government guarantee (including the Financial Claims Scheme). Investments in the Universus Master Income Fund are not eligible for Federal Government guarantees and investments will NOT be covered by any such guarantee.
  8. The Universus Master Income Fund is newly established and has no performance history of its own. References to experience, heritage or track record relate to the investment team and related entities and are not a forecast or guarantee of, or a reliable indicator of, the Universus Master Income Fund’s future performance.
  9. Suitable for Retail and Wholesale/Sophisticated Investors. The offer of units in the Universus Master Income Fund is made in accordance with a Product Disclosure Statement (PDS) dated 15 May 2026 and a Target Market Determination (TMD), each issued by One Managed Investment Funds Limited (ABN 47 117 400 987, AFSL 297042). The Product Disclosure Statement (PDS) and Target Market Determination (TMD) are available at oneinvestment.com.au. Investors should consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before deciding whether to invest in the Universus Master Income Fund or continue to hold units in the Universus Master Income Fund.

Issuer Disclaimer

This document is issued by One Managed Investment Funds Limited (ABN 47 117 400 987) (AFSL 297042) (OIG) as responsible entity of the Universus Master Income Fund ARSN 697 565 030. Single Asset Exposure Limited (ABN 26 617 371 310) (AFSL 564987) is the investment manager of the Universus Master Income Fund (Investment Manager).

The information provided in this document is general in nature and does not constitute investment advice or personal financial product advice. This information does not take into account your investment objectives, particular needs or financial situation. You should seek independent financial advice.

The content of this document does not constitute an offer or solicitation to subscribe for units in the Universus Master Income Fund or an offer to buy or sell any financial product. Accordingly, reliance should not be placed on this document as the basis for making an investment, financial or other decision.

Past performance is not a reliable indicator of future performance. Performance comparisons are provided purely for information purposes only and should not be relied upon. The information included in this document may include information that is predictive in character which may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved.

Whilst all care has been taken in preparation of this document, neither OIG nor the Investment Manager give any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document. Neither OIG nor the Investment Manager accepts liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information.

You should obtain and carefully consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the Universus Master Income Fund before making any decision about whether to acquire, or continue to hold, an interest in the Universus Master Income Fund. Applications for units in the Universus Master Income Fund can only be made pursuant to the application form relevant to the Universus Master Income Fund. A copy of the Product Disclosure Statement (PDS) dated 15 May 2026, Target Market Determination (TMD) dated 15 May 2026, continuous disclosure notices and relevant application form may be obtained from universusfund.com.au or One Registry Services Pty Limited (ACN 141 757 360).