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About the Fund

An alternative approach to fixed income with the aim to provide a steady stream of income and capital stability over the medium term while aiming to outperform its benchmark through market cycles.

Managed with an innovative approach to fixed income investments.
The Fund aims to provide a steady stream of income and capital stability over the medium term.
A global, diversified portfolio of predominantly investment grade fixed income securities.

Why this Fund

The Fund is suitable for investors seeking to complement their cash and/or traditional benchmark-oriented fixed income exposure.

A diversified portfolio that can complement other asset classes.
Stable income across market cycles with minimal volatility and capital preservation.
Potentially higher levels of returns compared to cash.

Fund Facts

About this fund
Unit prices (at 28 Nov 2022)
Buy $1.13 / Sell $1.13
Buy/sell spread (at 13 Oct 2022)
0.00 / 0.07
Inception date
31 May 2007
Benchmark
RBA Cash Rate
Fund size (at 31 Oct 2022)
$1,636.65m
Distribution Frequency
Quarterly
Suggested Min Timeframe
At least three years
Currency
AUD
Portfolio Managers
Daniel Siluk
Dylan Bourke
Fund IDs
APIR
HOW0052AU
ARSN
124 152 790
TICKER
-
mFund
KAP01
Fees / Pricing
Management Costs
0.55%
Performance Fee (if applicable)
-
Min Investment
$10,000.00

Interests in the Kapstream Absolute Return Income Fund ARSN 124 152 790 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed Kapstream Capital Pty Ltd (ABN 19 122 076 117 AFSL 308870) as the investment manager of the Fund. 

 

Fund Performance & Distributions

Performance Table
Cumulative Performance
Distribution History

Fund Performance (Net) as at 31 Oct 2022

1M 3M 1YR 3YR (p.a) 5YR (p.a) 10YR (p.a) SI (p.a)
Fund -0.05% 0.00% -1.41% 0.10% 1.19% 2.44% 3.81%

Data powered by FE fundinfo. Past performance is not a reliable indicator of future performance. The inception date for the Fund is 31 May 2007.

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. 

Resources

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 Investment Grade
Morningstar Neutral
Zenith Approved

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 lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.   

The Morningstar Analyst Rating™ for Kapstream Absolute Return Income Fund is Neutral as of 03/2022. © 2022 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘regulated financial advice’ under New Zealand law has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. For more information refer to our Financial Services Guide (AU) or Financial Advice Provider Disclosure Statement (NZ) at www.morningstar.com.au/s/fsg.pdf and www.morningstar.com.au/s/fapds.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned March 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.