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AFM Fund Profile — La Trobe Australian Credit Fund - 12 Month Investment

Fund & Manager Details

Key Facts

Fund Type: Single Discretionary/Quantitative: Discretionary
Strategy: Private Debt/Mortgage This Funds FUM (millions): AU$11,714.2m
Style: N/A Fund Inception Date: Since 01 October 2002
Geographic Mandate: Australia Latest Return Date: September 2026
Fund Domicile: Australia Investor Type: Retail
Status: Open Reporting Status: Current

Manager Details and Fund Description

Manager: La Trobe Financial Services Pty Limited Total FUM for all funds: AU$12,616.57m
Manager Overview:

Founded in 1952, La Trobe is an independent credit specialist and alternative asset manager, with operations in Melbourne and Sydney, spanning over 550 staff. La Trobe's credit operations specialise in lending to borrowers who are under serviced by mainstream financiers, principally utilising low-doc lending. La Trobe is 100% owned by global alternative asset manager, Brookfield Asset Management, which is listed on the New York Stock Exchange (NYSE: BAM). Investment management functions are undertaken by La Trobe Financial Services Pty Ltd (LFS), whilst La Trobe Financial Asset Management Ltd (LFAM) is the responsible entity for the Fund. Both entities hold an Australian Credit Licence. 

La Trobe's mortgage lending operations are funded via the issuance of Residential Mortgage Backed Securities, major national and international institutions on a wholesale basis, and via investors in the La Trobe Australian Credit Fund. As at 30 June 2025, La Trobe had funds under management (FUM) of $A 20.44 billion. Of this, the La Trobe Australian Credit Fund had FUM of $A 13.2 billion, with $A 10.2 billion in the Fund (12 Month Investment Account).

 Fund/Strategy Overview:

The Funds investment strategy is to invest in a wide range of diversified residential, commercial, rural, industrial, construction and development loans across Australia and other income producing credit-related assets. The key objectives of the Fund are to provide Investors with:

• a choice of professionally managed credit-related Investment Accounts, designed to allow each Investor to choose the most appropriate account for their circumstances;

• regular investment returns, either fixed or variable; and

• attractive, risk adjusted returns net of fees.
Other funds operated by manager:
La Trobe Private Credit Fund (ASX:LF1), La Trobe US Private Credit Fund - Retail Class B , La Trobe US Private Credit Trust - Wholesale Class A

Investment Details

Investment Terms

Minimum Investment: Minimum Additional Investment: Minimum Term: Investment Frequency:
AU$1 0 Daily
Regular Savings Option: Regular Savings Min. Amount: Regular Savings Max. Amount: Regular Savings Freq.:
No  
Redemption Notice: Redemption Frequency: Notes:
12 Months Annually
Distributions: Distribution Frequency: Last Distribution Date: Last Distribution Amount:
Yes Monthly 31 May 2025 AU$0.541667

Structure

Offshore/Onshore: Fund Structure: Share Classes: Trustee/Responsible Entity:
Onshore Unit Trust AU$ La Trobe Financial Asset Management Limited
Administrator: Prime Broker: Custodian: Legal:
La Trobe Financial Asset Management Limited N/A Perpetual Corporate Trust Limited N/A

Fund Fees

Management Fee: Performance Fee: High Water Mark: Hurdle:
1.8% 0% N/A
Buy Spread: Sell spread: Early Redemption Fee: Fees Notes:
0.000% 0.000% Yes

Performance & Risk

Returns

Latest Return Date: Latest Result: Fund Inception Date: Annualised Return:
September 2026 0.56% 01 October 2002 6.48%
Latest 3 Months: Latest 6 Months: Latest 12 Months: Latest 2 Years p.a.:
1.70% 3.38% 6.54% 6.62%
Latest 3 Years p.a.: Latest 4 Years p.a.: Latest 5 Years p.a.: Latest 7 Years p.a.:
6.70% 6.51% 6.04% 5.65%

Performance Statistics

% Positive Months (S.I.): Average Return: Average +ve Return: Average -ve Return:
100.00% 0.52% 0.52% N/A
Best Month: Worst Month: Up Capture Ratio (S.I.): Down Capture Ratio (S.I.):
0.69% 0.30% 102.53% 0.00%
Largest Drawdown (S.I.): Longest Drawdown (S.I.): Current Drawdown (%): Current Drawdown (Months):
0.00% 0 months 0.00% N/A

Risk

Annualised Standard Deviation (S.I.): Downside Deviation (S.I.): Sortino Ratio (S.I.): -
0.32% 0.00% N/A -
Sharpe Ratio (12 months): Sharpe Ratio (3 years): Sharpe Ratio (5 years): Sharpe Ratio (S.I.):
69.51 65.22 17.85 10.83
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate

Ranking, Research & Availability

Fund Quintile in its Peer Group (Real Estate Debt) as at September 2026

AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of La Trobe Australian Credit Fund - 12 Month Investment compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.

As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.

1 Year
3 Year
5 Year
7 Year
La Trobe Australian Credit Fund - 12 Month Investment
RBA Cash Rate + 3%

External Research and Ratings: As reported by each Fund Manager.

Lonsec: Recommended, October 2025
Zenith: Recommended, June 2026
SQM: Outstanding: 4.5 stars, June 2026

Availability:As reported by each Fund Manager.

Available on Investment Platforms:
BT Wrap, HUB24, Macquarie Wrap, Netwealth, Powerwrap, IOOF, MLC Wrap, North, BT Panorama, Colonial FirstWrap, MLC Navigator, uXchange, Ausmaq, Mason Stevens, Praemium

News & Insights

Fund Documents

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Fund Performance

Historical Performance (all figures shown here are net of fees unless otherwise stated)

Year Jan % Feb % Mar % Apr % May % Jun % Jul % Aug % Sep % Oct % Nov % Dec % YTD %
2026 0.50 0.50 0.52 0.54 0.54 0.56 0.56 0.56 0.56 N/R N/R N/R 4.96
2025 0.56 0.56 0.54 0.54 0.54 0.52 0.52 0.52 0.50 0.50 0.50 0.50 6.50
2024 0.55 0.55 0.55 0.56 0.56 0.56 0.56 0.56 0.56 0.56 0.56 0.56 6.94
2023 0.47 0.47 0.47 0.48 0.48 0.50 0.52 0.52 0.52 0.52 0.54 0.55 6.22
2022 0.32 0.32 0.30 0.30 0.30 0.36 0.36 0.39 0.42 0.44 0.45 0.46 4.52
2021 0.36 0.36 0.36 0.36 0.36 0.36 0.36 0.36 0.36 0.35 0.35 0.35 4.39
2020 0.41 0.41 0.41 0.39 0.39 0.39 0.38 0.38 0.38 0.38 0.38 0.36 4.74
2019 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.42 0.42 0.42 0.42 0.42 5.26
2018 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 5.33
2017 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 5.33
2016 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 5.33
2015 0.50 0.47 0.47 0.47 0.45 0.45 0.45 0.45 0.43 0.43 0.43 0.43 5.58
2014 0.51 0.51 0.51 0.51 0.51 0.51 0.50 0.50 0.50 0.50 0.50 0.50 6.25
2013 0.55 0.55 0.55 0.54 0.54 0.53 0.53 0.53 0.51 0.51 0.51 0.51 6.56
2012 0.65 0.63 0.63 0.63 0.63 0.61 0.60 0.60 0.60 0.60 0.58 0.58 7.54
2011 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.65 8.09
2010 0.61 0.61 0.61 0.61 0.63 0.64 0.64 0.64 0.64 0.64 0.64 0.65 7.82
2009 0.63 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.60 0.61 7.28
2008 0.63 0.63 0.65 0.67 0.67 0.67 0.69 0.69 0.69 0.69 0.66 0.66 8.29
2007 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.63 0.63 0.63 0.63 7.59
2006 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.60 0.60 0.60 0.60 7.67
2005 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 7.76
2004 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.63 0.63 7.32
2003 0.50 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.58 0.58 0.58 6.79
2002 N/R N/R N/R N/R N/R N/R N/R N/R N/R 0.50 0.50 0.50 1.51

Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)

Year Jul % Aug % Sep % Oct % Nov % Dec % Jan % Feb % Mar % Apr % May % Jun % FYTD %
2026/2027 0.56 0.56 0.56 N/A N/A N/A N/A N/A N/A N/A N/A N/A 1.70
2025/2026 0.52 0.52 0.50 0.50 0.50 0.50 0.50 0.50 0.52 0.54 0.54 0.56 6.39
2024/2025 0.56 0.56 0.56 0.56 0.56 0.56 0.56 0.56 0.54 0.54 0.54 0.52 6.85
2023/2024 0.52 0.52 0.52 0.52 0.54 0.55 0.55 0.55 0.55 0.56 0.56 0.56 6.72
2022/2023 0.36 0.39 0.42 0.44 0.45 0.46 0.47 0.47 0.47 0.48 0.48 0.50 5.53
2021/2022 0.36 0.36 0.36 0.35 0.35 0.35 0.32 0.32 0.30 0.30 0.30 0.36 4.10
2020/2021 0.38 0.38 0.38 0.38 0.38 0.36 0.36 0.36 0.36 0.36 0.36 0.36 4.50
2019/2020 0.43 0.42 0.42 0.42 0.42 0.42 0.41 0.41 0.41 0.39 0.39 0.39 5.05
2018/2019 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 5.33
2017/2018 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 5.33
2016/2017 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 5.33
2015/2016 0.45 0.45 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 5.36
2014/2015 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.47 0.47 0.47 0.45 0.45 5.97
2013/2014 0.53 0.53 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 6.35
2012/2013 0.60 0.60 0.60 0.60 0.58 0.58 0.55 0.55 0.55 0.54 0.54 0.53 7.02
2011/2012 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.63 0.63 0.63 0.63 0.61 7.93
2010/2011 0.64 0.64 0.64 0.64 0.64 0.65 0.65 0.65 0.65 0.65 0.65 0.65 8.02
2009/2010 0.58 0.58 0.58 0.58 0.60 0.61 0.61 0.61 0.61 0.61 0.63 0.64 7.48
2008/2009 0.69 0.69 0.69 0.69 0.66 0.66 0.63 0.58 0.58 0.58 0.58 0.58 7.87
2007/2008 0.60 0.60 0.63 0.63 0.63 0.63 0.63 0.63 0.65 0.67 0.67 0.67 7.89
2006/2007 0.63 0.63 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 7.54
2005/2006 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 7.76
2004/2005 0.58 0.58 0.58 0.58 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 7.58
2003/2004 0.54 0.54 0.54 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 7.10
2002/2003 N/A N/A N/A 0.50 0.50 0.50 0.50 0.54 0.54 0.54 0.54 0.54 4.81
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