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About the Fund

The Challenger IM Credit Income Fund maintains an investment grade credit risk profile, lending to a diverse mix of private and public borrowers. The Fund aims to provide clients with capital stability and income on a regular basis accompanied by lower levels of volatility than traditional fixed income strategies.

Diversification within the broader fixed income asset class in comparison to more traditional fixed income and equity securities.
Rigorous oversight and governance ensure the Fund is managed in a stable environment across extensive operational, legal, and finance platforms.
Unique opportunity set by seeking to take advantage of illiquidity premiums offering attractive risk reward.

Why this Fund

The Challenger IM Credit Income Fund is intended to be suitable for investors who are willing to invest for at least three years, are seeking moderate levels of return and are comfortable with moderate volatility.

Require an investment with consistent levels of income.
Have an investment horizon greater than 3 years.
Understand and are willing to accept a higher level of liquidity risk in order to generate higher returns than daily liquid fixed income products.

Fund Facts

About this fund
Unit prices (at 21 Mar 2023)
Buy $1.04 / Sell $1.04
Buy/sell spread (at 07 Oct 2022)
0.18 / 0.18
Inception date
01 Oct 2020
Bloomberg AusBond Bank Bill
Fund size (at 28 Feb 2023)
Distribution Frequency
Suggested Min Timeframe
At least three years
Portfolio Managers
David Bothof
Pete Robinson
Fund IDs
620 882 055
Fees / Pricing
Management Costs
Performance Fee (if applicable)

Fund size displayed at a class level only. Interests in the Challenger IM Credit Income Fund ARSN 620 882 055 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante). Fidante has appointed Challenger Investment Partners Limited (ABN 29 092 382 842, AFSL 234 678) ( Challenger Investment Management or Challenger) as the investment manager of the Fund. 

Fund Performance & Distributions

Performance Table
Cumulative Performance
Distribution History

Fund Performance (Net) as at 28 Feb 2023

1M 3M 1YR 3YR (p.a) 5YR (p.a) 10YR (p.a) SI (p.a)
Fund 0.79% 2.85% 4.67% - - - 4.74%

Data powered by FE fundinfo. Past performance is not a reliable indicator of future performance. The inception date of the Fund is 3 October 2017.

FE fundinfo calculates performance using the Australian FSC Standard by constructing a total value index series that reflects the percentage change in investments assuming the reinvestment of all distributions. A total value index series is constructed using the Ex-Distribution exit price, which is calculated at the end of a distribution period by deducting the distribution amount by the Cum distribution exit price.


Data powered by FE fundinfo

Performance is calculated on a bid-to-bid basis with income reinvested. It is important to know that unit prices reflect the value of the underlying assets of the funds and so can go down as well as up.

Past performance is not indicative of future performance. Where a fund invests in overseas securities, the unit prices may also rise and fall purely on account of exchange rate fluctuations.

Data powered by FE fundinfo

© FE fundinfo 2022. All rights reserved. The compilation of data contained in this report is the copyright of FE fundinfo. It may be copied only incidentally to print single copies for use by those authorised to view it. Whilst reasonable care has been taken in the compilation of the data, it is not warranted to be accurate or complete, and has been drawn by FE fundinfo from sources which are also not warranted to be accurate or complete.

Performance figures are calculated on an exit – exit basis and shown in Australian Dollars.


You should read the Fund's TMD and PDS to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs before making a decision about whether to acquire or continue to hold the Fund.

Fund ratings

Organisation Rating
Lonsec Recommended
Morningstar -
Zenith Highly Recommended

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (Challenger IM Credit Income Fund - assigned May 2022) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.  

The rating issued 09/2022 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.