Overview
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The Bentham Syndicated Loan Fund is actively managed and focused on generating stable investment income. The Fund aims to provide investors with exposure to high-yielding investments primarily through the US syndicated loan market, with an active allocation to investments in different industries, issuers and geographies.

A syndicated loan is a senior loan that is made to a company, whose credit rating is generally below investment grade. Loans generally pay a floating rate of interest, have a maturity date and can be redeemed early. A loan is protected from the borrower’s failure to repay the interest or principal by taking security over assets. This security is generally in the form of a fixed and floating charge over the company’s assets. Security enhances recovery levels in the event of default (i.e. the secured debt holders get paid before all other debt and equity). In addition, loans generally have covenants which allow the lender to take action to protect their investment.

Fund Features

  • Access to senior secured syndicated loans which are not generally available to direct retail investors
  • Monthly income distributions
  • High running yield with low interest rate risk
  • Australian domiciled trust with more than 14 year’s track record
  • Loans are valued to market prices daily – with daily unit pricing
  • Access to a global investment universe.

Fund Profile

Fund nameBentham Syndicated Loan Fund
Investment managerBentham Asset Management
Responsible entityFidante Partners Services Limited
Suggested minimum investment timeframeAt least three years
BenchmarkCredit Suisse Leverage Loan Index (hedged into Australian dollars)
CurrencyThe Fund is denominated in Australian dollars. A New Zealand dollar denominated fund (Bentham Syndicated Loan Fund NZD) is also available from October 2013*
Distribution frequencyMonthly
Investment objectiveThe Fund aims to achieve investment returns above its benchmark over the suggested minimum investment timeframe
Investment strategyThe Fund is actively managed and aims to provide exposure to high yielding investments primarily through the US syndicated loan market (non-investment grade securities) with limited exposure to US corporate debt securities that are rated below investment grade (high yield bonds) and collateralised debt obligations. The Fund seeks to add value through loan selection and industry rotation, while maintaining a highly diversified portfolio.
ASX mFundBAM04
*Benchmark for the Bentham Syndicated Loan Fund NZD is the Credit Suisse Leveraged Loan Index, hedged into New Zealand dollars.
Returns & Distribution
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Returns

Net fund performance* – as at 30 April 2022 (% p.a.)

Bentham Syndicated Loan Fund1 Year3 Year p.a.5 Year p.a.7 Year p.a.10 Year p.a.Since Inception p.a.
Bentham Syndicated Loan Fund (% p.a.)2.232.233.013.855.376.72
Credit Suisse Leveraged Loans Index (hedged into AUD)2.772.733.423.975.206.03

*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 dates: Bentham Global Income Fund – 16 September 2003, Bentham Syndicated Loan Fund – 16 August 2004, Bentham High Yield Fund – 15 October 1998.

Distribution History (% of NAV*)

Financial YearJulAugSepOctNovDecJanFebMarAprMayJunYTD
FY20220.290.300.290.300.300.290.300.290.290.292.90
FY20210.390.380.380.370.380.370.380.371.861.501.502.1010.69
FY20200.370.350.350.360.340.330.340.330.330.290.280.283.70
FY20190.410.410.400.410.400.410.420.410.410.390.380.374.83
FY20180.450.410.400.410.400.410.420.420.420.420.430.455.16
FY20170.450.470.440.450.450.450.440.450.450.440.450.455.79
FY20160.400.400.400.400.400.400.400.400.410.390.390.294.65
FY20150.470.480.470.470.470.490.480.450.430.440.431.336.53
FY20140.540.530.520.520.520.520.530.520.520.530.542.318.47
FY20130.640.700.670.660.660.640.630.560.610.620.610.598.17
FY20121.010.971.000.720.690.680.720.710.710.680.631.9210.61
FY20110.740.730.740.740.750.750.740.920.920.920.924.1514.12
FY20100.620.620.630.650.670.700.700.690.680.680.721.2410.09
FY20090.650.660.650.560.460.360.380.320.260.290.270.284.85
FY20080.490.500.540.580.570.580.590.590.590.640.665.2611.17
FY20070.500.480.500.500.500.500.540.540.520.470.541.337.31

*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 distributons. Source: Fidante Partners Services Limited.

Reports
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Performance Reports

PeriodBentham Syndicated Loan FundBentham Syndicated Loan Fund NZD
Jan 2017pdf - 175 KBpdf - 176 KB
Feb 2017pdf - 203 KBpdf - 176 KB
Mar 2017pdf - 227 KBpdf - 202 KB
Apr 2017pdf - 202 KBpdf - 202 KB
May 2017pdf - 175 KBpdf - 171 KB
Jun 2017pdf - 177 KBpdf - 172 KB
Jul 2017pdf - 177 KBpdf - 172 KB
Aug 2017pdf - 178 KBpdf - 173 KB
Sep 2017pdf - 196 KBpdf - 193 KB
Oct 2017pdf - 178 KBpdf - 172 KB
Nov 2017pdf - 178 KBpdf - 172 KB
Dec 2017pdf - 178 KBpdf - 172 KB
Jan 2018pdf - 178 KBpdf - 172 KB
Feb 2018pdf - 178 KBpdf - 172 KB
Mar 2018pdf - 178 KBpdf - 172 KB
Apr 2018pdf - 178 KBpdf - 172 KB
May 2018pdf - 178 KBpdf - 172 KB
Jun 2018pdf - 363 KBpdf - 172 KB
Jul 2018pdf - 405 KBpdf - 173 KB
Aug 2018pdf - 393 KBpdf - 172 KB
Sep 2018pdf - 369 KBpdf - 172 KB
Oct 2018pdf - 393 KBpdf - 173 KB
Nov 2018pdf - 417 KBpdf - 349 KB
Dec 2018pdf - 271 KBpdf - 305 KB
Jan 2019pdf - 242 KBpdf - 215 KB
Feb 2019pdf - 266 KBpdf - 215 KB
Mar 2019pdf - 242 KBpdf - 239 KB
Apr 2019pdf - 290 KBpdf - 238 KB
May 2019pdf - 266 KBpdf - 215 KB
Jun 2019pdf - 194 KBpdf - 349 KB
Jul 2019pdf - 271 KBpdf - 215 KB
Aug 2019pdf - 236 KBpdf - 216 KB
Sep 2019pdf - 236 KBpdf - 215 KB
Oct 2019pdf - 237 KBpdf - 216 KB
Nov 2019pdf - 237 KBpdf - 192 KB
Dec 2019pdf - 237 KBpdf - 216 KB
Jan 2020pdf - 237 KBpdf - 215 KB
Feb 2020pdf - 226 KBpdf - 216 KB
Mar 2020pdf - 225 KBpdf - 215 KB
Apr 2020pdf - 227 KBpdf - 217 KB
May 2020pdf - 227 KBpdf - 217 KB
Jun 2020pdf - 226 KBpdf - 217 KB
Jul 2020pdf - 227 KBpdf - 217 KB
Aug 2020pdf - 227 KBpdf - 217 KB
Sep 2020pdf - 226 KBpdf - 216 KB
Oct 2020pdf - 228 KBpdf - 218 KB
Nov 2020pdf - 226 KBpdf - 216 KB
Dec 2020pdf - 226 KBpdf - 216 KB
Jan 2021pdf - 227 KBpdf - 217 KB
Feb 2021pdf - 228 KBpdf - 218 KB
Mar 2021pdf - 226 KBpdf - 217 KB
Apr 2021pdf - 226 KBpdf - 217 KB
May 2021pdf - 226 KBpdf - 217 KB
Jun 2021pdf - 220 KBpdf - 217 KB
Jul 2021pdf - 208 KBpdf - 214 KB
Aug 2021pdf - 209 KBpdf - 214 KB
Sep 2021pdf - 209 KBpdf - 218 KB
Oct 2021pdf - 209 KBpdf - 218 KB
Nov 2021pdf - 221 KBpdf - 218 KB
Dec 2021pdf - 220 KBpdf - 218 KB
Jan 2022pdf - 220 KBpdf - 218 KB
Feb 2022pdf - 221 KBpdf - 218 KB
Mar 2022pdf - 220 KBpdf - 217 KB
Apr 2022pdf - 220 KBpdf - 218 KB
How to Apply Contact Us Today Performance Graph

Fund Statistics
31-Mar-2022

A$ 2.51 bn
Fund Size
409
Number of Issuers
17 yrs+
Age of Fund
Monthly
Distribution Frequency