Kapstream Absolute Return Income Class I - Managed Fund

Fund Objective

The Fund aims to provide a steady stream of income and capital stability over the medium term while aiming to outperform its benchmark through market cycles.

Fund Strategy

The Fund is managed by Kapstream who applies an innovative, flexible, and risk averse approach to fixed income portfolio management. The Fund targets an absolute return over time, by investing in a global, diversified portfolio of predominantly investment grade fixed income securities, according to Kapstream's global macroeconomic and market views.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.48%	1.72%	4.1%	7.12%	6.33%	3.88%	2.63%	2.94%
Growth return	0.48%	0.61%	1.79%	2.36%	2.22%	0.18%	-0.76%	-0.31%
Income return	0%	1.11%	2.31%	4.76%	4.11%	3.7%	3.39%	3.25%
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

Kapstream Absolute Return Income Class I

Cash: 0.98%

Fixed Interest: 99.02%

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
Fund Name	Kapstream Absolute Return Income Class I
Responsible Entity	Fidante Partners Limited
APIR Code	HOW0165AU
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 30 Nov 2024)
Legal Structure	Investment Fund
Fund Inception	31 May 2007
Fund Size	$645.12 million (as at 30 Nov 2024)
Entry Price	$1.0226 (as at 23 Dec 2024)
Exit Price	$1.0219 (as at 23 Dec 2024)
Fund Status	Open

Offer information

Type	Description
MER	0.41% (as at 17 Jan 2024)
Indirect Cost Ratio (ICR)	0.41% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0
Minimum initial investment
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Sep 2024)

Holding (as at 30 Sep 2024)	Type	% of Portfolio
AGI Finance Pty Limited	Bond - Corporate Bond	3.40%
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FAQs about the Kapstream Absolute Return Income Class I

What is the objective of the Kapstream Absolute Return Income Class I managed fund?

The objective of the Kapstream Absolute Return Income Class I managed fund is The Fund aims to provide a steady stream of income and capital stability over the medium term while aiming to outperform its benchmark through market cycles.

What is the strategy for the Kapstream Absolute Return Income Class I managed fund?

The strategy of the Kapstream Absolute Return Income Class I managed fund is The Fund is managed by Kapstream who applies an innovative, flexible, and risk averse approach to fixed income portfolio management. The Fund targets an absolute return over time, by investing in a global, diversified portfolio of predominantly investment grade fixed income securities, according to Kapstream's global macroeconomic and market views.

What is the APIR code of the Kapstream Absolute Return Income Class I managed fund?

The APIR code of the Kapstream Absolute Return Income Class I managed fund is HOW0165AU.

What was Kapstream Absolute Return Income Class I’s total return last month?

Kapstream Absolute Return Income Class I’s total return last month was 0.48%. This was made up of a growth return of 0.48% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

What was Kapstream Absolute Return Income Class I’s total return for the last three months?

Kapstream Absolute Return Income Class I’s total return for the last three months was 1.72%. This was made up of a growth return of 0.61% and an income return of 1.11%%. These returns were calculated as at 30 Nov 2024.

What is Kapstream Absolute Return Income Class I’s one-year total return?

Kapstream Absolute Return Income Class I’s one-year total return is 7.12%. This was made up of a growth return of 2.36% and an income return of 4.76%. These returns were calculated as at 30 Nov 2024.

What is Kapstream Absolute Return Income Class I’s three-year total return?

Kapstream Absolute Return Income Class I’s one-year total return is 3.88%. This was made up of a growth return of 0.18% and an income return of 3.7%. These returns were calculated as at 30 Nov 2024.

What is the asset allocation of the Kapstream Absolute Return Income Class I managed fund?

The asset allocation of the Kapstream Absolute Return Income Class I managed fund is :

Cash: 0.98%

Fixed Interest: 99.02%

Australian Equities: 0%

International Equities: 0%

Property: 0%

Alternatives: 0%

Who is the responsible Entity of the Kapstream Absolute Return Income Class I managed fund?

The Responsible Entity for the Kapstream Absolute Return Income Class I managed fund is Fidante Partners Limited.

What sector/asset class does the Kapstream Absolute Return Income Class I managed fund belong to?

The Kapstream Absolute Return Income Class I managed fund belongs to the Unconstrained Fixed Income sector/asset class.

What is the size of the Kapstream Absolute Return Income Class I managed fund?

As at 30 Nov 2024, the size of the Kapstream Absolute Return Income Class I managed fund was $645.12 million.

What is the inception date of the Kapstream Absolute Return Income Class I managed fund?

The Kapstream Absolute Return Income Class I managed fund has an inception date of 31 May 2007.

What is the current entry price of the Kapstream Absolute Return Income Class I managed fund?

The current entry price of the Kapstream Absolute Return Income Class I managed fund is $1.0226 per unit and the current exit price is $1.0219 per unit (as at 23 Dec 2024).

What is the current exit price of the Kapstream Absolute Return Income Class I managed fund?

The current exit price of the Kapstream Absolute Return Income Class I managed fund is $1.0219 per unit and the current entry price is $1.0226 per unit (as at 23 Dec 2024).

What is the minimum investment amount for the Kapstream Absolute Return Income Class I managed fund?

The minimum initial investment amount for the Kapstream Absolute Return Income Class I managed fund is $0. 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.

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