|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The Fund invests in a diversified portfolio of private credit instruments across a number of small to medium enterprises. Investors will receive cash distributions on a quarterly basis and will gain further capital upside through free attaching equity exposure on some of the debt investments the Fund makes. The Fund does not provide credit facilities to property or property linked investments.
The fund is managed by Altor Credit Partners. The investment committee comprises Harley Dalton and Ben Harrison.
The Altor AltFi Income Fund has a track record of 4 years and 5 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in April 2018, providing investors with an annualised return of 11.57% compared with the index's return of 0.64% over the same period.
On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 5 months since its inception. Over the past 12 months, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -10.78%. Since inception in April 2018, the fund's largest drawdown was -0.03% vs the index's maximum drawdown over the same period of -12.4%. The fund's maximum drawdown began in March 2020 and lasted 1 month, reaching its lowest point during March 2020. The fund had completely recovered its losses by April 2020. During this period, the index's maximum drawdown was -0.28%.
The Manager has delivered these returns with 2.27% less volatility than the index, contributing to a Sharpe ratio which has consistently remained above 1 over the past four years and which currently sits at 3.96 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 95% of the time during periods of market decline, contributing to an up-capture ratio since inception of 114% and a down-capture ratio of -74%.