Fact Sheet
As at March 2024
As at March 2024
Kapstream Absolute Return Income Fund
APIR: HOW0052AU
Manager Summary
Established in late 2006, Kapstream Capital is a global fixed income fund manager providing alternative investment strategies to an increasingly sophisticated market in Australia. By targeting absolute return strategies, Kapstream seeks to maximise returns for clients. The capacity to move in and out of specific sectors and countries within the fixed income universe permits Kapstream to seek areas that are priced for greater return potential and opportunistically identify relative value trades.
Strategy Summary
Kapstream will actively manage the Fund and aims to generate absolute returns over multiple business cycles by incorporating high quality/high conviction trades into the portfolio. Capital preservation coupled with income generation serve as the driving force behind Kapstream's investment strategy.
Key Terms
| Status: | Open | Inception Date: | May 2007 |
| Strategy: | Fixed Income | Style: | N/A |
| Geography: | Global | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 10,000 |
| Distributions: | Quarterly | Applications: | Daily |
| Fund Size: | AU$ 1,367.76m | Management Fee: | 0.55% |
| Manager FUM: | AU$ 9,900m | Performance Fee: | 0.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 0.54% | 1.12% | Sharpe1: | 1.08 | 0.40 |
| 1 Year: | 5.56% | 1.47% | Sortino1: | 1.47 | 0.56 |
| 3 Years1,2: | 2.13% | -1.29% | Best Month1: | 1.18% | 3.36% |
| 5 Years1,2: | 1.97% | 0.17% | Worst Month1: | -2.59% | -3.75% |
| Inception1,2: | 3.96% | 4.24% | Volatility1,2: | 1.21% | 3.91% |
| Up-Capture1: | 28% | N/A | Down-Capture1: | -30% | N/A |
General Notes
Minimum investment, management and performance fee terms apply to institutional investors only.
Cumulative Returns Fund Index
Kapstream Absolute Return Income Fund - Cumulative Performance vs Bloomberg AusBond Composite 0+ Yr Index
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Fixed Income - Bonds Peer Group (85 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
Kapstream Absolute Return Income Fund
Bloomberg AusBond Composite 0+ Yr Index
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.