Overview
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The Bentham Defensive Income Fund is actively managed and focused on generating stable investment income with a focus on managing downside volatility. The Fund provides diversified exposure to domestic and global credit markets.

Investments are actively managed with allocations across different credit sectors, trading of individual securities and managing risk. A global focus provides more investment opportunities and diversity when compared with managers who focus only on domestic fixed income markets. Credit markets typically offer higher income than equities and government bonds, with lower levels of correlation.

Fund Features

  • Access to global investment opportunities not typically available to direct retail investors
  • Minimum 90% exposure to Investment Grade Securities
  • Diversified sources of income across many countries, industries, companies & investment types
  • Unique wholesale asset classes with specialist expertise
  • Targeted income distribution frequency: monthly
  • Daily unit pricing

Fund Profile

Fund NameBentham Defensive Income Fund
Investment managerBentham Asset Management
Responsible entityFidante Partners Limited
Minimum investment timeframeAt least 3 years
BenchmarkBloomberg AusBond Bank Bill Index
CurrencyAUD Hedged, between 95% and 105% of NAV
Distribution frequencyMonthly
Investment objectiveThe Funds investment objective is to generate steady income based returns with a focus on managing downside volatility. The Fund aims to outperform Cash (BBSW) by 150 bps (net of fees) over rolling 3-year periods.
Investment strategyThe Fund is a diversified multi-sector credit strategy with a focus on providing investors with steady monthly income from an actively managed portfolio of fixed income securities with a focus on downside protection. Investments are actively managed with allocations across different credit sectors, trading of individual securities and managing risk.
This material has been prepared by Bentham Asset Management Pty Limited (ABN 92 140 833 674) (Bentham), the investment manager of Bentham Defensive Income Fund (ARSN 649 969 540) (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 & Distributions
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Returns

Bentham Defensive Income Fund3 months6 months1 YearSince Inception p.a.
Bentham Defensive Income Fund (%)6.547.528.381.85
Bloomberg AusBond Bank Bill Index 2.422.844.512.28

*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.

Distribution History (% of NAV*)

Financial YearJulAugSepOctNovDecJanFebMarAprMayJunYTD
FY20240.420.430.420.420.410.422.65
FY20230.420.420.420.410.420.400.420.420.400.410.400.464.96
FY20220.130.130.120.110.100.110.100.100.100.110.125.096.09
FY20210.09

*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.

Reports
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Fund Reports

PeriodBentham Defensive Income Fund
Jul 2022pdf - 182 KB
Aug 2022pdf - 195 KB
Sep 2022pdf - 196 KB
Oct 2022pdf - 181 KB
Nov 2022pdf - 196 KB
Dec 2022pdf - 180 KB
Jan 2023pdf - 180 KB
Feb 2023pdf - 191 KB
Mar 2023pdf - 141 KB
Apr 2023pdf - 142 KB
May 2023pdf - 190 KB
Jun 2023pdf - 225 KB
Jul 2023pdf - 142 KB
Aug 2023pdf - 142 KB
Sept 2023pdf - 143 KB
Oct 2023pdf -193 KB
Nov 2023pdf - 147 KB
Dec 2023pdf - 147 KB
Jan 2024pdf - 147 KB
Feb 2024pdf - 178 KB
Mar 2024pdf - 180 KB
Apr 2024pdf - 181 KB
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Fund Statistics
29-Feb-24

A$ 41.7 m
Fund Size
85
Number of Issuers
2 yrs
Age of Fund
Monthly
Distribution Frequency