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  • Returns & Distributions
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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”).

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

BAM06

*The Fund has an objective to maintain a minimum average credit quality of A-
**Wholesale as defined in the Corporations Act 2001 (Cth)
This material has been prepared by Bentham Asset Management Pty Limited (ABN 92 140 833 674) (Bentham), the investment manager of Bentham Asset Backed Securities Fund (ARSN 622 644 866) (Fund). Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante), is the responsible entity of the Fund(s).  Other than information which is identified as sourced from Fidante in relation to the Fund, Fidante is not responsible for the information in this material, including any statements of opinion. It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs.  You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. The PDS for the Fund, issued by Fidante, should be considered before deciding whether to acquire or hold units in the Fund. The PDS can be obtained by calling 13 51 53 or visiting www.fidante.com. Neither Fidante nor any of its respective related bodies corporate guarantees the performance of the Fund, any particular rate of return or return of capital. Past performance is not a reliable indicator of future performance. Any projections are based on assumptions which we believe are reasonable, but are subject to change and should not be relied upon. Bentham and Fidante have entered into arrangements in connection with the distribution and administration of financial products to which this material relates.  In connection with those arrangements, Bentham and Fidante may receive remuneration or other benefits in respect of financial services provided by the parties.

Returns

Net fund performance* - as at 31 August 2020 (%)

Bentham Asset Backed Securities Fund 3 months 6 months 1 Year 2 Year
(p.a.)
3 Year
(p.a.)

Since
Inception (p.a.)

Bentham Asset Backed Securities Fund  2.10 -1.10 0.33 1.64 2.13 2.95
Bloomberg AusBond Bank Bill Index 0.03 0.18 0.66 1.24 1.44 1.51
*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
FY21 0.17  0.17                      
FY20 0.24 0.23  0.23   0.23  0.22 0.21   0.22  0.21 0.21  0.17  0.15  0.15  2.45 
FY19 0.31 0.30  0.30  0.30  0.30  0.30  0.32  0.31  0.29  0.30   0.28 0.41  3.75
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 Aug 2020 pdf - 217 KB
Bentham Asset Backed Securities Fund Jul 2020 pdf - 216 KB
Bentham Asset Backed Securities Fund Jun 2020 pdf - 215 KB
Bentham Asset Backed Securities Fund May 2020 pdf - 215 KB
Bentham Asset Backed Securities Fund Apr 2020 pdf - 216 KB
Bentham Asset Backed Securities Fund Mar 2020 pdf - 213 KB
Bentham Asset Backed Securities Fund Feb 2020 pdf - 215 KB
Bentham Asset Backed Securities Fund Jan 2020 pdf - 226 KB
Bentham Asset Backed Securities Fund Dec 2019 pdf - 226 KB
Bentham Asset Backed Securities Fund Nov 2019 pdf - 227 KB
Bentham Asset Backed Securities Fund Oct 2019 pdf - 226 KB
Bentham Asset Backed Securities Fund Sep 2019 pdf - 225 KB

Ratings & Awards

Lonsec Wordmark colour

Fund Statistics31-Aug-20

A$172.8 m

Fund Size

Globally diversified
AA+

Average Credit Quality

Monthly

Distribution Frequency