Kapstream Absolute Return Income Plus I - Managed Fund

Fund Objective

The Fund aims to provide a steady stream of income and capital stability over the medium to long term with low volatility.

Fund Strategy

The investment universe may include; but is not limited to; government and non-government bonds; notes; corporate securities; mortgage-backed and asset-backed securities; emerging market debt; convertible securities; derivatives; including repurchase agreements; swaps; futures; foreign exchange contracts and options; cash and enhanced cash instruments.

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.

Average of peers ({{ fund.benchmark.peers.peerCount }})

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	0.65%	2.16%	3.61%	7.75%	7.99%	6.87%	5.03%	-%
Growth return	0.65%	0.44%	-1.1%	0.2%	1.5%	1.3%	0.89%	-%
Income return	0%	1.72%	4.71%	7.55%	6.49%	5.57%	4.14%	-%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	0.33%	1.05%	3.11%	4.31%	4.73%	3.74%	-0.03%	2.14%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Kapstream Absolute Return Income Plus I

Cash: 12.78%

Fixed Interest: 87.22%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 6.60%

Fixed Interest: 92.48%

Australian Equities: 0.62%

International Equities: 0.02%

Property & Infrastructure: 0.02%

Alternatives: 0.25%

General Information

Fund Details

Type	Description
Fund Name	Kapstream Absolute Return Income Plus I
Responsible Entity	Fidante Partners Limited
APIR Code	HOW8743AU
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	16 Aug 2018
Fund Size	$549 million (as at 31 Jul 2025)
Entry Price	$1.0426 (as at 12 Sep 2025)
Exit Price	$1.0405 (as at 12 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.46% (as at 23 Nov 2023)
Indirect Cost Ratio (ICR)	0.46% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0
Minimum initial investment	$10,000.00
Minimum additional investments	$100,000

Top 10 holdings (as at 30 Jun 2025)

Holding (as at 30 Jun 2025)	Type	% of Portfolio
Volkswagen Financial Services Australia Pty Ltd. 5.1%	Bond - Corporate Bond	3.85%
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FAQs about the Kapstream Absolute Return Income Plus I

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

The objective of the Kapstream Absolute Return Income Plus I managed fund is The Fund aims to provide a steady stream of income and capital stability over the medium to long term with low volatility.

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

The strategy of the Kapstream Absolute Return Income Plus I managed fund is The investment universe may include; but is not limited to; government and non-government bonds; notes; corporate securities; mortgage-backed and asset-backed securities; emerging market debt; convertible securities; derivatives; including repurchase agreements; swaps; futures; foreign exchange contracts and options; cash and enhanced cash instruments.

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

The APIR code of the Kapstream Absolute Return Income Plus I managed fund is HOW8743AU.

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

Kapstream Absolute Return Income Plus I’s total return last month was 0.65%. This was made up of a growth return of 0.65% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

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

Kapstream Absolute Return Income Plus I’s total return for the last three months was 2.16%. This was made up of a growth return of 0.44% and an income return of 1.72%%. These returns were calculated as at 31 Aug 2025.

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

Kapstream Absolute Return Income Plus I’s one-year total return is 7.75%. This was made up of a growth return of 0.2% and an income return of 7.55%. These returns were calculated as at 31 Aug 2025.

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

Kapstream Absolute Return Income Plus I’s one-year total return is 6.87%. This was made up of a growth return of 1.3% and an income return of 5.57%. These returns were calculated as at 31 Aug 2025.

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

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

Cash: 12.78%

Fixed Interest: 87.22%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

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

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

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

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

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

As at 31 Jul 2025, the size of the Kapstream Absolute Return Income Plus I managed fund was $549 million.

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

The Kapstream Absolute Return Income Plus I managed fund has an inception date of 16 Aug 2018.

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

The current entry price of the Kapstream Absolute Return Income Plus I managed fund is $1.0426 per unit and the current exit price is $1.0405 per unit (as at 12 Sep 2025).

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

The current exit price of the Kapstream Absolute Return Income Plus I managed fund is $1.0405 per unit and the current entry price is $1.0426 per unit (as at 12 Sep 2025).

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

The minimum initial investment amount for the Kapstream Absolute Return Income Plus I managed fund is $10,000. Minimum additional investment is $100000.

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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