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  5. Ardea Diversified Bond A - Managed fund profile

Ardea Diversified Bond A - Managed Fund

Fund Objective
The Fund aims to outperform its benchmark (Bloomberg Ausbond Composite Bond 0 Year Index), after fees, over rolling three year periods. The Fund aims to efficiently deliver the risk and return characteristics of the benchmark index (the 'beta' component) while also targeting excess returns (the alpha component) above the Fund's benchmark using Ardea's differentiated pure 'relative value' investing approach.
Fund Strategy
Ardea's approach accesses fixed income return sources beyond the conventional to target consistent tracking error volatility independent of the level of bond yields, the direction of interest rates and broader market fluctuations. The investment approach is based on generating returns from relative value strategies that aim to exploit mispricing between comparable fixed income securities which are related to each other and have similar risk characteristics but are priced differently.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.75% -0.85% 1.44% 1.97% -0.84% -1.86% -0.18% -%
Growth return 0.75% -1.3% 0.98% 0.3% -1.77% -3.11% -7.51% -%
Income return 0% 0.45% 0.46% 1.67% 0.93% 1.25% 7.33% -%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 1.14% -0.46% 3.02% 5.16% 2.65% -0.93% -0.61% 2.09%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ardea Diversified Bond A
Cash
3.56%
Fixed Interest
96.44%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.37%
Fixed Interest
92.67%
Australian Equities
1.31%
International Equities
0.54%
Property
0.06%
Alternatives
0.04%

General Information

Fund Details
Type Description
Ardea Diversified Bond A
Fidante Partners Limited
HOW8543AU
Bonds - Australia
starstarstarstar (as at 30 Nov 2024)
Investment Fund
13 Feb 2019
$40.98 million (as at 30 Nov 2024)
$0.7386 (as at 23 Dec 2024)
$0.7374 (as at 23 Dec 2024)
Open
Offer information
Type Description
MER 0.50% (as at 21 Nov 2024)
Minimum initial investment $10,000.00
Minimum additional investments

Top 10 holdings (as at 30 Sep 2024)

Holding (as at 30 Sep 2024) Type % of Portfolio
United Kingdom of Great Britain and Northern Ireland 4.375% Bond - Gov't/Treasury 8.73%
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FAQs about the Ardea Diversified Bond A

The objective of the Ardea Diversified Bond A managed fund is The Fund aims to outperform its benchmark (Bloomberg Ausbond Composite Bond 0+ Year Index), after fees, over rolling three year periods. The Fund aims to efficiently deliver the risk and return characteristics of the benchmark index (the 'beta' component) while also targeting excess returns (the alpha component) above the Fund's benchmark using Ardea's differentiated pure 'relative value' investing approach.

The strategy of the Ardea Diversified Bond A managed fund is Ardea's approach accesses fixed income return sources beyond the conventional to target consistent tracking error volatility independent of the level of bond yields, the direction of interest rates and broader market fluctuations. The investment approach is based on generating returns from relative value strategies that aim to exploit mispricing between comparable fixed income securities which are related to each other and have similar risk characteristics but are priced differently.

The APIR code of the Ardea Diversified Bond A managed fund is HOW8543AU.

Ardea Diversified Bond A’s total return last month was 0.75%. This was made up of a growth return of 0.75% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Ardea Diversified Bond A’s total return for the last three months was -0.85%. This was made up of a growth return of -1.3% and an income return of 0.45%%. These returns were calculated as at 30 Nov 2024.

Ardea Diversified Bond A’s one-year total return is 1.97%. This was made up of a growth return of 0.3% and an income return of 1.67%. These returns were calculated as at 30 Nov 2024.

Ardea Diversified Bond A’s one-year total return is -1.86%. This was made up of a growth return of -3.11% and an income return of 1.25%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the Ardea Diversified Bond A managed fund is :

Cash
3.56%
Fixed Interest
96.44%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Ardea Diversified Bond A managed fund is Fidante Partners Limited.

The Ardea Diversified Bond A managed fund belongs to the Bonds - Australia sector/asset class.

As at 30 Nov 2024, the size of the Ardea Diversified Bond A managed fund was $40.98 million.

The Ardea Diversified Bond A managed fund has an inception date of 13 Feb 2019.

The current entry price of the Ardea Diversified Bond A managed fund is $0.7386 per unit and the current exit price is $0.7374 per unit (as at 23 Dec 2024).

The current exit price of the Ardea Diversified Bond A managed fund is $0.7374 per unit and the current entry price is $0.7386 per unit (as at 23 Dec 2024).

The minimum initial investment amount for the Ardea Diversified Bond A managed fund is $10,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.