Fact Sheet
As at April 2024
As at April 2024
Bentham High Yield Fund
APIR: CSA0102AU
Manager Summary
Bentham Asset Management is a specialist global credit investment manager. Their investment philosophy is based on a strong credit culture and systematic investment process. Through diversified exposure to the global credit market and active management, their approach seeks to provide more investment opportunities when compared with managers that focus only on domestic fixed income markets.
Strategy Summary
The Fund is actively managed and aims to provide high returns than traditional fixed income investments through investing in a diversified portfolio of US corporate debt securities which are rated below investment grade (high yield bonds). The Fund consists primarily of US high yield bonds with limited exposure to syndicated loans and collateralised debt obligations. The investment manager seeks to add value through active allocations between individual securities and industries, while maintaining a highly diversified portfolio.
Key Terms
| Status: | Open | Inception Date: | Oct 1998 |
| Strategy: | Credit | Style: | Value |
| Geography: | USA | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 10,000 |
| Distributions: | Quarterly | Applications: | Daily |
| Fund Size: | AU$ 328.38m | Management Fee: | 0.60% |
| Manager FUM: | AU$ 5,731.71m | Performance Fee: | 0.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Apr 2024: | -0.93% | -1.98% | Sharpe1: | 0.46 | 0.30 |
| 1 Year: | 8.36% | -0.73% | Sortino1: | 0.53 | 0.38 |
| 3 Years1,2: | 1.38% | -2.13% | Best Month1: | 9.93% | 3.36% |
| 5 Years1,2: | 2.43% | -0.29% | Worst Month1: | -18.33% | -3.75% |
| Inception1,2: | 7.06% | 4.52% | Volatility1,2: | 8.06% | 3.59% |
| Up-Capture1: | 55% | N/A | Down-Capture1: | -85% | N/A |
Cumulative Returns Fund Index
Bentham High Yield Fund - Cumulative Performance vs Bloomberg AusBond Composite 0+ Yr Index
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Fixed Income - Credit Peer Group (41 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
Bentham High Yield 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.