DRAFT
Fund Review
Rixon Income Fund
Performance as at Aug 2026
Rixon Capital, established by Patrick William, Shrikaanth Balasubramaniam, and Tanooki Ventures, specialises in public and private market M&A and Australian SME private credit. Patrick William is the Managing Director, overseeing operations, while Shrikaanth Balasubramaniam serves as Director of Credit. Tanooki Ventures, led by Dallin and Luke Howes with Blair Murphy, plays a pivotal role in the investment committee. Alan Butterfield and Justin Roberts also contribute to the investment decision-making process.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 7.20% | 10.54% | N/A | N/A | 10.97% |
| Peer Group1 | 6.92% | 8.25% | N/A | N/A | 8.33% | |
| Index2 | 8.97% | 9.13% | N/A | N/A | 9.01% | |
| Volatility | Fund | 3.93% | 2.35% | N/A | N/A | 2.14% |
| Peer Group1 | 1.06% | 0.86% | N/A | N/A | 0.87% | |
| Index2 | 0.09% | 0.08% | N/A | N/A | 0.11% | |
| 1Private / Hybrid Credit, 2RBA Cash Rate + 5%, 3Annualised, 4Nov 2022 | ||||||
Strategy Description
The Rixon Income Fund invests in senior secured, asset-backed loans to Australian SMEs, focusing solely on generating income with monthly distributions to investors. The investment process involves due diligence on qualifying loans, preparation and presentation of a Credit Paper to an Investment Committee, and proceeds to documentation and loan settlement following unanimous approval from the committee, which includes Rixon Capital executives, a shareholder-director, and independents.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | RIX4439AU | Status: | Open |
| Peer Group: | Private / Hybrid Credit | Inception Date: | Nov 2022 |
| Strategy: | Credit | Style: | N/A |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Monthly |
| Fund Size: | AU$ 177.088m | Manager FUM: | AU$ 185.5m |
| Applications: | Monthly, Initial: AU$ 50,000 | Redemptions: | Quarterly |
| Management Fee: | 1.50% (PG avg: 0.90%) | Performance Fee: | 20.00% (PG avg: 8.55%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.09%/0.08%) | Hurdle: | RBA Cash Rate + 6.00% |
| Early Redemption Fee | No | High Water Mark: | N/A |
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Rixon Income Fund
Performance vs Private / Hybrid Credit and RBA Cash Rate + 5%
Since inception in Nov 2022, the Fund has returned 10.97% p.a. vs the Peer Group's return over the same period of 8.33%. Over the past 12 months, the Fund has returned 7.2% vs the Peer Group's 6.92%. For the 3-year period, the Fund has returned 10.54% vs the Peer Group's 8.25%. The Fund's returns have been delivered with a volatility of 2.14% p.a. vs the Peer Group's 0.87%.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.93 | 0.85 | 0.92 | 0.93 | 0.94 | 0.94 | 0.95 | -3.17 | NA | NA | NA | NA | 3.26 |
| 2025 | 1.00 | 0.92 | 0.97 | 1.01 | 1.00 | 1.00 | 0.94 | 0.94 | 0.94 | 0.95 | 0.95 | 0.92 | 12.17 |
| 2024 | 0.94 | 0.94 | 0.94 | 0.95 | 0.98 | 0.93 | 0.99 | 0.96 | 0.94 | 0.97 | 0.99 | 1.00 | 12.16 |
| 2023 | 0.80 | 0.80 | 0.90 | 1.10 | 0.85 | 0.88 | 0.93 | 1.02 | 0.99 | 0.96 | 1.03 | 0.94 | 11.79 |
| 2022 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | 1.79 | 0.80 | 2.60 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 7.20% | 10.54% | N/A | N/A | 10.97% |
| Peer Group | 6.92% | 8.25% | N/A | N/A | 8.33% | |
| Index2 | 8.97% | 9.13% | N/A | N/A | 9.01% | |
| Volatility | Fund | 3.93% | 2.35% | N/A | N/A | 2.14% |
| Peer Group | 1.06% | 0.86% | N/A | N/A | 0.87% | |
| Index | 0.09% | 0.08% | N/A | N/A | 0.11% | |
| Sharpe | Fund | 0.80 | 2.56 | N/A | N/A | 3.02 |
| Peer Group | 2.75 | 4.71 | N/A | N/A | 4.84 | |
| Index | 1,162.15 | 1,398.70 | N/A | N/A | 1,006.50 | |
| Sortino | Fund | 0.87 | 2.95 | N/A | N/A | 3.62 |
| Peer Group | 9.93 | 22.93 | N/A | N/A | 27.15 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | -3.17% | -3.17% | N/A | N/A | -3.17% |
| Peer Group | 0.00% | 0.00% | N/A | N/A | 0.00% | |
| Index | 0.00% | 0.00% | N/A | N/A | 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
Rixon 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.
Rixon Income Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | AMAL Trustees Pty Ltd |
| Custodian: | AMAL Trustees Pty Ltd |
| Administrator: | Ascent Fund Services Australia Pty Ltd |
| Auditor: | Ernst & Young Australia |
| Legal: | Corrs Chambers Westgarth |
| Prime Broker: | N/A |
Available on Investment Platforms
Mason Stevens, Netwealth, OLIVIA123
Key Staff
Patrick William
Managing Director
Years in industry: 21, Years at Firm: 5
Daniel Neilson
Director, Head of Private Credit
Years in industry: 15, Years at Firm: 2
Shrikaanth Balasubramaniam
Director of Credit
Years in industry: 16, Years at Firm: 5
Hessan Shah
Investment Manager
Years in industry: 11, Years at Firm: 3
Alan Butterfield
Lead Independent Investment Committee Member
Years in industry: 31, Years at Firm: 5
Justin Roberts
Independent Investment Committee Member
Years in industry: 21, Years at Firm: 5
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
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Disclaimer
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