DRAFT
Fund Review
La Trobe Australian Credit Fund - 12 Month Investment
Performance as at Sep 2026
Founded in 1952, La Trobe Financial Services Pty Limited is an independent credit specialist and alternative asset manager operating from Melbourne and Sydney with over 550 staff. It focuses on lending to under-serviced borrowers primarily using low-doc lending. La Trobe is wholly owned by Brookfield Asset Management. Its operations are funded through Residential Mortgage Backed Securities and the La Trobe Australian Credit Fund, which had $A 10.2 billion in the Fund by Jun 2025.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 6.54% | 6.70% | 6.04% | 5.65% | 6.48% |
| Peer Group1 | 8.12% | 8.30% | 7.91% | 7.36% | 6.50% | |
| Index2 | 7.06% | 7.14% | 6.30% | 5.43% | 6.39% | |
| Volatility | Fund | 0.10% | 0.08% | 0.28% | 0.30% | 0.32% |
| Peer Group1 | 0.32% | 0.40% | 0.47% | 0.60% | 0.41% | |
| Index2 | 0.10% | 0.08% | 0.40% | 0.51% | 0.52% | |
| 1Real Estate Debt, 2RBA Cash Rate + 3%, 3Annualised, 4Oct 2002 | ||||||
Strategy Description
The fund's investment strategy involves investing in a diversified portfolio of residential, commercial, rural, industrial, construction, and development loans across Australia, as well as other income-producing credit-related assets. It offers a selection of professionally managed credit-related investment accounts, allowing investors to choose the most suitable option for their needs. The fund aims to provide regular investment returns, which can be either fixed or variable, and seeks to deliver risk-adjusted returns net of fees.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | LTC0002AU | Status: | Open |
| Peer Group: | Real Estate Debt | Inception Date: | Oct 2002 |
| Strategy: | Private Debt/Mortgage | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Retail | Distributions: | Monthly |
| Fund Size: | AU$ 11,714.2m | Manager FUM: | AU$ 12,616.57m |
| Applications: | Daily, Initial: AU$ 1 | Redemptions: | Annually |
| Management Fee: | 1.80% (PG avg: 0.81%) | Performance Fee: | 0.00% (PG avg: 3.97%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.02%/0.02%) | Hurdle: | N/A |
| Early Redemption Fee | Yes | High Water Mark: | N/A |
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La Trobe Australian Credit Fund - 12 Month Investment
Performance vs Real Estate Debt and RBA Cash Rate + 3%
Since inception in Oct 2002, the Fund has returned 6.48% p.a. vs the Peer Group's return over the same period of 6.5%. Over the past 12 months, the Fund has returned 6.54% vs the Peer Group's 8.12%. For the 3, 5, and 7 year periods, the Fund has returned 6.7%, 6.04%, and 5.65% respectively vs the Peer Group's returns of 8.3%, 7.91%, and 7.36% respectively. The Fund's returns have been delivered with a volatility of 0.32% p.a. vs the Peer Group's 0.41%.
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 | 0.50 | 0.50 | 0.52 | 0.54 | 0.54 | 0.56 | 0.56 | 0.56 | 0.56 | NA | NA | NA | 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 | NA | NA | NA | NA | NA | NA | NA | NA | NA | 0.50 | 0.50 | 0.50 | 1.51 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 6.54% | 6.70% | 6.04% | 5.65% | 6.48% |
| Peer Group | 8.12% | 8.30% | 7.91% | 7.36% | 6.50% | |
| Index2 | 7.06% | 7.14% | 6.30% | 5.43% | 6.39% | |
| Volatility | Fund | 0.10% | 0.08% | 0.28% | 0.30% | 0.32% |
| Peer Group | 0.32% | 0.40% | 0.47% | 0.60% | 0.41% | |
| Index | 0.10% | 0.08% | 0.40% | 0.51% | 0.52% | |
| Sharpe | Fund | 69.51 | 65.22 | 17.85 | 12.41 | 10.83 |
| Peer Group | 10.93 | 9.90 | 10.05 | 8.59 | 4.89 | |
| Index | 1,090.19 | 1,338.50 | 267.06 | 212.41 | 209.11 | |
| Sortino | Fund | N/A | N/A | N/A | N/A | N/A |
| Peer Group | N/A | 58.87 | 84.83 | 29.74 | 34.60 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Peer Group | 0.00% | 0.00% | 0.00% | -0.38% | -0.38% | |
| 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
La Trobe Australian Credit Fund - 12 Month Investment - Annualised Return vs. Standard Deviation
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La Trobe Australian Credit Fund - 12 Month Investment
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | La Trobe Financial Asset Management Limited |
| Custodian: | Perpetual Corporate Trust Limited |
| Administrator: | La Trobe Financial Asset Management Limited |
| Auditor: | Ernst & Young |
| Legal: | N/A |
| Prime Broker: | N/A |
Available on Investment Platforms
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Key Staff
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.
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Disclaimer
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