Manager Summary
Seed Funds Management is a specialist fixed-income fund manager focused on Australian financial issuance. The flagship Financial Income Fund invests in Hybrid, Senior, and Subordinated financial debt to deliver strong risk-adjusted yields. First established in 2015 by Nicholas Chaplin, Senior Portfolio Manager, the Fund has a decade of consistent outperformance vs. the hybrid equity index, reflecting the firm's disciplined investment approach, market insight, and commitment to client outcomes.
Strategy Summary
The Fund aims to outperform the Solactive Australian Hybrid Securities Index after fees and costs over a suggested 1 to 3 year timeframe. It actively invests in a diversified portfolio with a heavy weighting to Australian-regulated capital instruments. The underlying securities include hybrids (Tier 1 capital notes and convertible preference shares), Tier 2 bonds, subordinated debt, senior debt, mutual capital instruments and cash. The Fund typically holds 30-35 positions whose underlying issuers are banks, insurance companies and non-bank lenders.
The Fund is also available as an Active ETF via the ASX Code SFIF. Performance is net of fees, and Fund returns inclusive of franking credits.
Key Terms
| Status: | Open | Inception Date: | Sep 2015 |
| Strategy: | Fixed Income | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Retail | Min. Investment: | AU$ 10,000 |
| Distributions: | Monthly | Applications: | Daily |
| Fund Size: | AU$ 530m | Management Fee: | 0.55% |
| Manager FUM: | AU$ 1,562m | Performance Fee: | 0.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Aug 2026: | 0.21% | 0.26% | Sharpe1: | 0.74 | 0.82 |
| 1 Year: | 5.47% | 4.68% | Sortino1: | 0.99 | 1.13 |
| 3 Years2: | 6.89% | 5.62% | Best Month1: | 9.44% | 4.55% |
| 5 Years2: | 6.03% | 4.50% | Worst Month1: | -12.46% | -6.31% |
| Inception1,2: | 6.35% | 4.83% | Volatility1,2: | 5.75% | 3.31% |
| Up-Capture1: | 132% | N/A | Down-Capture1: | 98% | N/A |