FOR FINANCIAL ADVISERS
Globally Diversified Monthly Income
for Your Clients
Professionally managed fixed-term accounts designed to deliver floating-rate monthly income underpinned by an institutionally managed, highly diversified global private credit portfolio.
Monthly income paid to client's bank accounts, or reinvested for compounding
Fast onboarding, and simple client administration
Upfront Bonus for advised clients
Personal, SMSF, Trust & Company accounts
DELIVERED BY
IN ASSOCIATION WITH
RATED BY
Term Lengths and Target Rates
Structured term-based income solutions designed for professional portfolio construction
1 Year
Flexible positioning for near-term income requirements
RBA + 3%
7.60% p.a.
+ 35bps upfront bonus ^
Suitable For
- SMSF cashflow planning
- Transitional allocations
- Near-term cash management
Income Accrues Daily
Paid Monthly
Reinvestment option
Savings Support
2 Year
A balance of income premium and term flexibility
RBA + 3.65%
8.25% p.a.
+ 70bps upfront bonus ^
Suitable For
- Retirement income sleeves
- Portfolio diversification
- Mid-term income allocations
Income Accrues Daily
Paid Monthly
Reinvestment option
Savings Support
5 Year
Highest income premium for extended portfolio allocations
RBA + 4.15%
8.75% p.a.
+ 100bps upfront bonus ^
Suitable For
- Long-term SMSF allocations
- Estate planning structures
- Extended income streams
Income Accrues Daily
Paid Monthly
Reinvestment option
Savings Support
*Target Rates are set as a fixed margin above the RBA Cash Rate, which is variable over the course of the Term.
^ Upfront bonus available to advised clients, subject to the applicable terms and conditions.
Floating-Rate, Fixed-Spread, Income Paid Monthly
Income can be paid directly to your client’s bank account for investors looking for monthly income, OR can
be reinvested on a monthly basis for compounding returns.
Accounts Are for
All Sorts of Savings
Start earning with balances from just $2,000
Personal accounts
Joint accounts
Child accounts
Companies & trusts
SMSF investors
Fundamentally Better Monthly Income For Your Clients
The income landscape has shifted. Advisers need more sophisticated solutions.
TermPlus is the leading retail global private credit solution for Australian advisers.
Retirement Drawdown Pressures
Clients in pension phase require consistent, reliable monthly income. Traditional bond yields and term deposits no longer provide adequate real returns in the current environment.
Inflation and Income Needs
Rising cost of living pressures demand income solutions that can adapt. Fixed-rate structures lock clients into potentially suboptimal outcomes as conditions change.
Diversification and Complexity
Many private credit products lack global diversification or impose operational friction. Advisers need solutions that combine institutional quality with practical implementation.
Clients Want Reliable Income. Advisers Need Better Structures.
TermPlus was designed to bridge that gap with professionally structured access to institutional global private credit.
CLIENT PRESSURE
- Retirement drawdowns
- Inflation concerns
- Cash flow expectations
- Volatility fatigue
TRADITIONAL CHALLENGES
- Lower real income
- Rate uncertainty
- Operational friction
- Limited diversification
ADVISER NEEDS
- Reliable structures
- Portfolio diversification
- Easy implementation
- Strong client experience
Expanding the Monthly Income Toolkit for Your Clients
A sophisticated structure for an evolving investment landscape.
TermPlus is an innovative retail solution designed to provide monthly income, available through financial advisers.
Clients Want Reliable Income. Advisers Need Better Structures.
The income landscape has shifted. Advisers need more sophisticated solutions. TermPlus is structurally different by design, to give Australian retail clients access to the regular income that can be generated from institutional global private credit investing.
Inflation and Income Needs
Rising cost of living pressures demand income solutions that can adapt. Fixed-rate structures lock clients into potentially suboptimal outcomes as conditions change. Floating-rate income links monthly payments to interest rates, which have historically moved with inflation, and can help provide ballast against more volatile fixed-income assets that can experience capital volatility when rates move.
Structurally Different by Design
Many private credit products lack global diversification or impose operational friction. TermPlus combines institutional portfolio construction, broad global diversification and floating-rate income targeting within a fixed-term account structure. Designed to provide access to an asset class underpinned by contractual lending arrangements and institutional portfolio oversight.
Why Advisers Are Using TermPlus
Floating Rate
Monthly Income
Target income rates set at a fixed-margin above the RBA cash rate.
Institutional Portfolio Construction
Diversified exposure across 4,500+ underlying global private credit investments.
Structurally Designed for Resilience
A highly diversified, professionally constructed portfolio, delivered with built-in layers of protection to further support capital stability and income reliability.
Daily Applications
No monthly or quarterly investment windows,with repayments at end of term.
Range of Account Types
Personal, Joint, SMSF, Company and Trust accounts supported.
Simple Client Management
Fast onboarding, maturity management and dedicated adviser support.
Fundamentally Better by Design
Not all income products are built the same.
For advisers assessing income solutions, the key consideration is not ony the current rate – but:
- what sits underneath the portfolio,
- how the rate is determined,
- how diversified the exposure is,
- and what structural protections and institutional oversight are in place.
TermPlus has been designed to provide advisers with access to a globally diversified, institutionally constructed private credit income solution with floating-rate targeting linked to the RBA cash rate.
| Feature | TermPlus - and Global Private Credit | Common Australian Private Credit Income Products |
|---|---|---|
| Underlying investments | Highly diversified exposure across 4,500+ underlying global private credit investments via institutional portfolio construction. | Often concentrated in Australian credit assets such as property-backed lending, SME loans, construction finance or domestic structured credit pools. |
| Underlying asset class | Global corporate middle-market private credit exposure across international markets including the US and Europe. | Typically Australian private credit, real estate credit, SME lending or domestic credit pools. |
| Rate structure | Target rates set as a fixed premium above the RBA cash rate for the selected term. | Rates may be variable, periodically reviewed, or adjusted at manager discretion depending on portfolio conditions. |
| Diversification profile | Global, multi-manager, multi-strategy exposure diversified across sectors, borrowers and geographies. | Often more concentrated by geography, manager, sector or lending strategy. |
| Institutional backing | Supported by the capabilities and scale of Pengana Capital Group and Mercer, providing institutional investment oversight, global access, portfolio construction expertise and manager selection capabilities. | Typically managed directly by a single domestic manager or internal investment team. |
| Structural support & protection | Includes multiple structural layers designed to support capital stability and income reliability, including a dedicated Support Account co-investment structure. | Support structures vary materially between managers and products and may rely only on underlying loan security or manager discretion. |
| Income payments | Monthly income paid to a nominated bank account or reinvested. | Monthly or periodic distributions depending on fund structure and manager policy. |
| Client implementation | Designed specifically for adviser implementation with fixed-term structures, daily applications and operational simplicity. | Operational structures and implementation processes vary materially between providers. |
| Portfolio role | Structured as an institutional-grade floating-rate (cash-rate linked) monthly income allocation solution for diversified portfolios. | Often positioned primarily as domestic private credit or yield-focused investment products. |
| Key adviser consideration | Focused on globally diversified institutional private credit exposure with floating-rate targeting and structural portfolio design. | Often more dependent on domestic credit markets, manager discretion and concentrated lending exposures. |
| Feature | TermPlus - and Global Private Credit | So What |
|---|---|---|
| Underlying investments | Highly diversified exposure across 4,500+ underlying global private credit investments via institutional portfolio construction. | Reduces exposure to any single borrower, event, geography, or sector. |
| Underlying asset class | Predominantly global corporate middle-market private credit exposure across international markets including the US and Europe. | Lower correlation to Australian PC and most other asset classes. |
| Rate structure | Target Rates set as a fixed premium above the RBA cash rate for the selected term. | Target Rates move with the RBA cash rate, reducing interest rate risk compared with fixed-rate income. |
| Diversification profile | Global, multi-manager, multi-strategy private credit exposure - diversified across sectors, borrowers and geographies. | Portfolio built to be more resilient through economic cycles. |
| Institutional backing | Supported by the capabilities and scale of Pengana Capital Group and Mercer, providing institutional investment oversight, global access, portfolio construction expertise and manager selection capabilities. | Provide access to investment opportunities and institutional resources that may otherwise be difficult for individual investors to access directly. |
| Structural support & protection | Includes a dedicated Support Account co-investment structure that underpins TermPlus' three built-in layers of protection: Priority Income Entitlement, Income Stabilisation and Savings Support. | A truly customer-first approach whereby the manager only receives any return once account holders are delivered their full expected outcomes. |
| Income payments | Monthly income paid to a nominated bank account or reinvested. | Flexibility to meet investor’s cashflow needs. |
| Client implementation | Designed specifically for adviser implementation with fixed-term structures, daily applications and operational simplicity. | Seamless client experience and management. |
| Portfolio role | TermPlus can be used as an income-focused allocation within a diversified portfolio, providing exposure to a globally diversified private credit portfolio with monthly income payments and built-in layers of protection. | A simple way to access diversified income opportunities for client portfolios. |
Built for Advisers Seeking More Than Just A Great Rate
TermPlus has been designed to combine:
- institutional-quality portfolio construction,
- global diversification,
- floating-rate monthly income,
- simplicity of account operation,
- three built-in layers of protection: Priority Income Entitlement, Income Stabilisation and Savings Support,
into a professionally structured client income solution.
Ready to Get Started?
Create your adviser account today and start targeting better returns for your clients’ savings.
Designed for Real Adviser Portfolio Scenarios
Retirement Income ClientsSupporting monthly income needs during pension drawdown phases.
Case Study: Supporting Retiree Monthly Income
Client Profile:
Married couple, both aged 68, in pension phase with $1.2M in superannuation. Required monthly income of $6,000 to supplement the Age Pension.
Challenge:
Traditional term deposits offering inadequate returns. Equity volatility creating sequence-of-returns risk during drawdown phase.
Solution:
Allocated $300,000 across TermPlus 2-Year and 5-Year accounts, generating predictable monthly income at RBA + 3.65% and RBA + 4.15% respectively, while maintaining portfolio diversification.
Outcome:
Consistent monthly income stream with floating-rate protection against rate movements, allowing equity portion to remain invested for long-term growth.
Transitional AllocationsA lower-volatility allocation while clients reposition portfolios or await deployment opportunities.
Case Study: Managing Portfolio Transition
Client Profile:
High net worth individual, 55 years old, recently sold business for $5M, seeking to redeploy capital strategically over 12-18 months.
Challenge:
Large cash position earning minimal returns while assessing long-term investment opportunities. Needed income generation without long-term capital commitment.
Solution:
Deployed $2M into TermPlus 1-Year accounts, earning RBA + 3% with monthly income reinvestment, providing flexibility to withdraw at maturity as opportunities arose.
Outcome:
Generated attractive returns during transition period while maintaining capital preservation and liquidity at maturity for strategic redeployment.
SMSF DiversificationComplementing equity-heavy portfolios with globally diversified private credit exposure.
Case Study: SMSF Portfolio Rebalancing
Client Profile:
SMSF with $850,000 balance, heavily weighted toward Australian equities (75%) and property (15%), minimal fixed income allocation.
Challenge:
Portfolio lacked diversification across asset classes and geographies. Trustees concerned about concentration risk and volatility approaching retirement.
Solution:
Reallocated 20% ($170,000) into TermPlus 2-Year and 5-Year accounts, providing global private credit exposure with monthly income reinvestment to compound returns.
Outcome:
Improved portfolio diversification across asset classes and geographies, reduced overall volatility while maintaining attractive returns through private credit allocation.
Term-Based PlanningUseful for upcoming tax liabilities, property settlements or pension commencements.
1Case Study: Planned Capital Requirement
Client Profile:
Business owner, 52 years old, anticipated capital gains tax liability of $180,000 due in 14 months following commercial property sale.
Challenge:
Needed to set aside funds for known future tax liability while generating returns. Required certainty around capital availability at specific date.
Solution:
Allocated $180,000 into TermPlus 1-Year account with monthly income paid to transaction account, ensuring capital plus growth available at maturity to meet tax obligation.
Outcome:
Generated monthly income throughout term while capital remained earmarked for tax payment. Maturity aligned well with payment deadline, providing certainty and attractive returns.
See How TermPlus Fits Into Your Client Portfolios
Join hundreds of advisers using TermPlus to deliver consistent monthly income for their clients.
Constructed for Reliability and Diversification
US + Europe Exposure
Floating Rate
Mercer + Pengana Oversight
Institutional-quality portfolio construction designed to support attractive and reliable monthly income with broad diversification across sectors, borrowers and geographies.
Historical Performance
Consistent monthly income delivery across market conditions
Important Disclaimer: Past performance is not a reliable indicator of future performance. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested. Target returns are not guaranteed and may not be achieved. Performance data is calculated after fees and costs. Returns are calculated on the basis of reinvestment of distributions. All figures are in AUD unless otherwise stated. The information provided is for financial advisers only and is not intended for retail investors. This information does not constitute financial advice and should not be relied upon as such. Please refer to the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for full details before making any investment decision.
You're in Good Company
Pengana Capital Group
TermPlus is brought to you by Pengana Capital Group, with over 20 years of experience in delivering distinct and differentiated investment strategies for high-yield outcomes, across a variety of Australian and Global sectors.
Mercer Australia
We have engaged global investments leader, Mercer, to provide TermPlus with access to a diversified portfolio of some of the best global private credit opportunities available.
Ratings and Awards
Recognised for excellence in institutional-grade income solutions
Lonsec Rating
Awarded an Investment Grade rating for its institutional approach to portfolio construction, diversification and a disciplined approach to capital preservation and risk management.
2025
BondAdviser Rating
Awarded an Approved rating, highlighting global diversification strategy and floating-rate structure.
2025
WeMoney Best in Fixed Income
Category winner recognised by WeMoney as best in fixed income 2026.
2026
Finder People's Choice Awards
Finder People's Choice winner for investment innovation.
2025
Best Fund Manager – Fixed Income
Named Best Fund Manager – Fixed Income at the Australian Wealth Management Awards 2026.
2026
Finalist in 3 categories
Excellence in Wealth Management, Most Innovative Fintech Product, Emerging Fintech Organisation of the Year.
2026
Ratings and awards are subject to change and should not be the sole basis for investment decisions. Please refer to disclosure documents for full details.
Used By Advisers Across Australia
Be part of a community of advisers delivering exceptional income solutions backed by institutional-grade portfolio construction.
Built Around Adviser Workflows
Dedicated Adviser Support
Direct access to your relationship manager
Adviser Service Fee Support
Automated fee collection and reporting
Fast Digital Onboarding
Complete client setup in minutes
Multi-Entity Account Management
Manage personal, SMSF, trust and company accounts
Maturity Alerts & Rollovers
Automated notifications and seamless renewals
Advised-client Bonus Top-Up
Upfront bonus for adviser-originated accounts
Experience the Adviser Platform
Register your adviser account to access our full platform, view live target rates, and start implementing TermPlus for your clients.
Used By Advisers Across Australia
TermPlus has become a useful tool for managing client income allocations while maintaining operational simplicity."
— Financial Adviser
The diversification and monthly income structure made it particularly useful for retirement-phase client portfolios."
— SMSF Specialist Adviser
Adviser Resources
Ready to Provide Better Income Solutions?
Join advisers across Australia using TermPlus for institutional-grade client income allocations.
†The reports that included the ratings were published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec) for TermPlus-1 year term, TermPlus-2 year term, and TermPlus-5 year term on 06/11/2025. Lonsec receives a fee from fund managers for the preparation of reports. The report / rating is general advice only. An investor should be aware that: a) the advice has been prepared without taking into account an investors’ objectives, financial situation or needs; b) an investor should consider the appropriateness of the advice having regard to their own objectives, financial situation or needs before acting on the advice; and c) an investor should obtain a PDS relating to the product, consider the PDS and seek independent financial advice before making any decision about whether to acquire the product. The rating is not a recommendation to purchase, sell or hold any product. Past performance is not a reliable indicator of future performance. Ratings are prepared based on information available at the time of preparation and may be subject to change by Lonsec without notice. Visit lonsec.com.au for important documents (FSG, Conflicts Statement). © 2026 Lonsec. All rights reserved.
For all important information regarding BondAdviser Product Assessments please see the final page of the BondAdviser Fund Report or visit www.bondadviser.com.au.