• Overview
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The Bentham Asset Backed Securities Fund (Fund) is focused on generating income by investing in highly rated* investment grade global asset backed securities (“ABS”).

This fund is only available to wholesale clients (as defined by the Corporations Act 2001)

The Fund is actively managed, with individual investments made across different global ABS subsectors. The Fund is managed by Bentham Asset Management, which has over 10 years of investment experience in the sector.

Fund Features

  • Provides investors access to the global asset backed securities market
  • Globally diversified sources of income
  • High credit quality portfolio: minimum 90% allocation to Investment Grade issues
  • Floating rate asset class targeting a total return above cash
  • Low volatility / risk level. Focus on preservation of capital
  • Targeted monthly income distribution
  • Daily unit pricing

Fund Profile

Fund Name Bentham Asset Backed Securities Fund
Investment manager Bentham Asset Management
Responsible entity Fidante Partners Limited
Minimum investment timeframe Medium term - 3 years
Benchmark Bloomberg AusBond Bank Bill Index 
Currency AUD denominated
Distribution frequency Monthly
 Fund aim To provide exposure to the global asset backed securities (“ABS”) market and generate stable income with some capital growth
Performance objective The performance objective for the Fund is to exceed the Bloomberg AusBond Bank Bill Index by 1.5% per annum after fees over rolling three year periods while maintaining a minimum average credit quality of A-.
Investment universe

Includes global asset backed securities, securitised debt, government bonds, government backed bonds, cash and derivatives 

ASX mFund

ASX Class available via mFund code BAM06

*The Fund has an objective to maintain a minimum average credit quality of A-
**Wholesale as defined in the Corporations Act 2001 (Cth)
Fidante Partners Limited ABN 94 002 835 592, AFSL 234668 (Fidante Partners), is the Responsible Entity and issuer of interests in the Bentham Asset Backed Securities Fund (Fund). The Fund is available to wholesale clients (as defined by the Corporations Act 2001) only. Bentham Asset Management Pty Ltd ABN 92 140 833 674, AFSL 356199 (Bentham) is the investment manager of the Fund.

Returns

Net fund performance* - as at 31 October 2018 (%)

Bentham Asset Backed Securities Fund 3 months 6 months 1 Year 2 Year Since
Inception (p.a.)
Bentham Asset Backed Securities Fund  0.91  1.32  2.96 4.41 4.41 
Bloomberg AusBond Bank Bill Index 0.49  1.01 1.89 1.83 1.83
*Returns are calculated after fees and using pre-distribution month end withdrawal unit prices, and assumes all income is reinvested in additional units. Past performance is not necessarily indicative of future performance. Returns may be volatile and may vary from year to year. Source: Fidante Partners Services Limited, State Street. Fund inception date: 31 October 2016

Distribution History (% of NAV*)

Fin Year Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD
FY19 0.31 0.30  0.30  0.30                  1.21
FY18 0.28 0.29 0.29 0.28 0.28 0.29 0.29 0.29 0.29 0.30  0.31  0.14 3.38
FY17       0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.29  
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributions. Source: Fidante Partners Services Limited.
Report Date
Bentham Asset Backed Securities Fund Oct 2018 pdf - 341 KB
Bentham Asset Backed Securities Fund Sep 2018 pdf - 363 KB
Bentham Asset Backed Securities Fund Aug 2018 pdf - 331 KB
Bentham Asset Backed Securities Fund Jul 2018 pdf - 355 KB
Bentham Asset Backed Securities Fund Jun 2018 pdf - 181 KB
Bentham Asset Backed Securities Fund May 2018 pdf - 182 KB
Bentham Asset Backed Securities Fund Apr 2018 pdf - 182 KB
Bentham Asset Backed Securities Fund Mar 2018 pdf - 182 KB
Bentham Asset Backed Securities Fund Feb 2018 pdf - 183 KB
Bentham Asset Backed Securities Fund Jan 2018 pdf - 182 KB
Bentham Asset Backed Securities Fund Dec 2017 pdf - 182 KB

Fund Statistics30-Sep-18

A$130.9 m

Fund Size

Globally diversified
AA+ WARF

Average Credit Quality

Monthly

Distribution Frequency