Fact Sheet
As at September 2024
As at September 2024
Rixon Income Fund
APIR: RIX4439AU
Manager Summary
Headquartered in Sydney, Rixon Capital was launched in 2022 by senior investment bankers and fund managers with experience in secured, high yield private credit and complex corporate advisory engagements. The manager is focused on capital preservations as a priority and delivers its investors a monthly income stream.
Strategy Summary
An asset-backed income-only strategy, the Rixon Income Fund is focused on lending to the underbanked $2-10m SME private credit niche. By offering an institutional non-dilutionary offering, the fund is able to extract tangible security (e.g. equipment, receivables) and a gross cash yield in excess of 13% p.a.
The fund has provided investors with an annualised cash return of 12.75% compared with its benchmark of 8.35% over the same time period.
The fund has not yet experienced any negative returns, and has consistently delivered monthly cash distributions of 0.80% - 1.80% per month, in line with its Target Return of 10.0% - 12.0% p.a.
The fund has provided investors with an annualised cash return of 12.75% compared with its benchmark of 8.35% over the same time period.
The fund has not yet experienced any negative returns, and has consistently delivered monthly cash distributions of 0.80% - 1.80% per month, in line with its Target Return of 10.0% - 12.0% p.a.
Key Terms
| Status: | Open | Inception Date: | Nov 2022 |
| Strategy: | Credit | Style: | N/A |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 50,000 |
| Distributions: | Monthly | Applications: | Monthly |
| Fund Size: | AU$ 55.2m | Management Fee: | 1.50% |
| Manager FUM: | AU$ 63.7m | Performance Fee: | 20.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Sep 2024: | 0.94% | 0.75% | Sharpe1: | 11.02 | N/A |
| 1 Year: | 12.13% | 9.33% | Sortino1: | N/A | N/A |
| 3 Years1,2: | N/A | N/A | Best Month1: | 1.79% | 0.75% |
| 5 Years1,2: | N/A | N/A | Worst Month1: | 0.80% | 0.63% |
| Inception1,2: | 12.31% | 8.99% | Volatility1,2: | 0.65% | 0.13% |
| Up-Capture1: | 139% | N/A | Down-Capture1: | 0% | N/A |
Cumulative Returns Fund Index
Rixon Income Fund - Cumulative Performance vs RBA Cash Rate + 5%
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Fixed Income - Debt Peer Group (50 funds) as at August 2024
1 Year
3 Year
5 Year
7 Year
Rixon Income Fund
RBA Cash Rate + 5%
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.