DRAFT
Fund Review
Altor AltFi Income Fund
Performance as at May 2026
Altor Capital is an alternative asset manager focusing on strategies that aim to offer a superior risk-return profile compared to traditional asset classes. It provides investment solutions in private equity, fixed income, micro-cap, and real asset funds. Altor Capital is entirely owned by Prime Financial Limited (PFG.ASX). The firm's leadership includes founders Benjamin Harrison, serving as Chief Investment Officer, and Harley Dalton, heading distribution efforts.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 11.85% | 12.21% | 10.89% | 11.60% | 11.50% |
| Peer Group1 | 6.54% | 8.33% | 7.08% | 6.83% | 6.66% | |
| Index2 | 8.83% | 9.11% | 8.01% | 7.27% | 7.16% | |
| Volatility | Fund | 0.61% | 2.91% | 2.34% | 2.81% | 2.61% |
| Peer Group1 | 0.76% | 0.78% | 1.14% | 2.38% | 2.24% | |
| Index2 | 0.07% | 0.07% | 0.44% | 0.49% | 0.46% | |
| 1Private / Hybrid Credit, 2RBA Cash Rate + 5%, 3Annualised, 4Apr 2018 | ||||||
Strategy Description
The Altor AltFi Income Fund focuses on actively managing private credit investment opportunities in the SME market, investing in a portfolio of private credit instruments (loans) across selected small to medium enterprises. Investors receive quarterly cash distributions and may gain additional upside through equity exposure linked to selected debt investments. The Fund does not extend credit facilities to property or property-linked investments.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | ALP8437AU | Status: | Open |
| Peer Group: | Private / Hybrid Credit | Inception Date: | Apr 2018 |
| Strategy: | Credit | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Quarterly |
| Fund Size: | AU$ 105.6m | Manager FUM: | AU$ 130m |
| Applications: | Monthly, Initial: AU$ 100,000 | Redemptions: | Quarterly |
| Management Fee: | 1.50% (PG avg: 0.92%) | Performance Fee: | 10.00% (PG avg: 7.82%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.09%/0.07%) | Hurdle: | RBA Cash Rate + 6% |
| Early Redemption Fee | Yes | High Water Mark: | Yes |
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Altor AltFi Income Fund
Performance vs Private / Hybrid Credit and RBA Cash Rate + 5%
Since inception in Apr 2018, the Fund has returned 11.5% p.a. vs the Peer Group's return over the same period of 6.66%. Over the past 12 months, the Fund has returned 11.85% vs the Peer Group's 6.54%. For the 3, 5 and 7-year periods, the Fund has returned 12.21%, 10.89% and 11.6% respectively vs the Peer Group's returns of 8.33%, 7.08% and 6.83% respectively. The Fund's returns have been delivered with a volatility of 2.61% p.a. vs the Peer Group's 2.24%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32 | 0.74 | 1.00 | 0.86 | 0.83 | NA | NA | NA | NA | NA | NA | NA | 4.84 |
| 2025 | 0.78 | 0.65 | 0.76 | 0.94 | 0.77 | 0.83 | 0.81 | 0.93 | 0.82 | 1.10 | 0.80 | 1.21 | 10.91 |
| 2024 | 0.87 | 0.79 | 0.75 | 0.74 | 0.69 | 0.82 | 0.77 | 0.63 | 0.75 | 0.72 | 0.72 | 0.76 | 9.39 |
| 2023 | 0.74 | 0.62 | 0.73 | 0.71 | 0.71 | 0.62 | 0.70 | 0.63 | 0.93 | 0.80 | 1.16 | 5.85 | 15.03 |
| 2022 | 0.50 | 0.65 | 0.83 | 0.55 | 0.62 | 0.94 | 0.71 | 0.73 | 0.64 | 0.62 | 0.59 | 0.75 | 8.44 |
| 2021 | 0.90 | 0.69 | 0.66 | 0.61 | 0.72 | 0.60 | 0.76 | 0.85 | 0.51 | 0.62 | 0.61 | 1.60 | 9.54 |
| 2020 | 0.90 | 0.59 | -0.03 | 0.37 | 0.75 | 2.25 | 1.00 | 0.84 | 5.46 | 1.51 | 0.51 | 2.66 | 18.04 |
| 2019 | 0.83 | 0.83 | 0.83 | 0.70 | 0.70 | 0.70 | 0.72 | 0.67 | 0.71 | 0.65 | 0.84 | 0.70 | 9.24 |
| 2018 | NA | NA | NA | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 8.56 |
Notes:
The Altor AltFi Income Fund specialises in a diversified portfolio of private credit to SMEs with a target distribution of 10% p.a. paid quarterly.
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 11.85% | 12.21% | 10.89% | 11.60% | 11.50% |
| Peer Group | 6.54% | 8.33% | 7.08% | 6.83% | 6.66% | |
| Index2 | 8.83% | 9.11% | 8.01% | 7.27% | 7.16% | |
| Volatility | Fund | 0.61% | 2.91% | 2.34% | 2.81% | 2.61% |
| Peer Group | 0.76% | 0.78% | 1.14% | 2.38% | 2.24% | |
| Index | 0.07% | 0.07% | 0.44% | 0.49% | 0.46% | |
| Sharpe | Fund | 11.71 | 2.61 | 3.21 | 3.08 | 3.33 |
| Peer Group | 3.48 | 5.33 | 3.82 | 1.86 | 1.95 | |
| Index | 1,444.30 | 1,438.50 | 241.67 | 218.57 | 233.35 | |
| Sortino | Fund | N/A | N/A | N/A | 381.45 | 412.95 |
| Peer Group | 9.09 | 22.58 | 9.78 | 2.36 | 2.50 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | 0.00% | 0.00% | 0.00% | -0.03% | -0.03% |
| Peer Group | 0.00% | 0.00% | -0.86% | -4.94% | -4.94% | |
| Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Altor AltFi Income Fund - Annualised Return vs. Standard Deviation
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Altor AltFi Income Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Altor Capital Management |
| Custodian: | Internal |
| Administrator: | XCEND |
| Auditor: | N/A |
| Legal: | Talbot Sayer / Hopgood Ganim / Hamilton Locke |
| Prime Broker: | N/A |
Available on Investment Platforms
BT Panorama, FNZ, HUB24, Macquarie Wrap, Netwealth, OLIVIA123
Key Staff
Benjamin Harrison
Founder and Chief Investment Officer
Years in industry: 22, Years at Firm: 9
Harley Dalton
Founder and Head of Distribution
Years in industry: 34, Years at Firm: 9
Mark Tickle
General Manager and Investment Director
Years in industry: 17, Years at Firm: 2
Tom Cochrane
Associate Portfolio Manager
Years in industry: 9, Years at Firm: 7
Alexander Lusis
Investment Analyst
Years in industry: 3, Years at Firm: 1
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
This report is produced and owned by Australian Fund Monitors Pty Ltd and the contents are Copyright 2025. Distribution is limited to those parties with a current Distribution Licence.
Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.