Challenger IM Credit Income I - Managed Fund

Fund Objective

The Fund aims to achieve superior absolute returns over the medium to long term whilst offering capital stability and a steady income stream.

Fund Strategy

The Challenger IM Fixed Income team's investment philosophy values taking a multi-strategy approach to credit investing, allowing for a broader opportunity set and ensuring improved risk/return outcomes for clients. The team believe a disciplined focus on understanding and quantifying credit, liquidity, and complexity risk premia is essential for active fixed income managers to exploit market inefficiencies.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.64%	2.18%	3.43%	7.52%	8.03%	8.07%	6.28%	-%
Growth return	0.64%	0.29%	-0.13%	0.8%	1.03%	1.7%	1%	-%
Income return	0%	1.89%	3.56%	6.72%	7%	6.37%	5.28%	-%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return	0.49%	1.25%	1.39%	2.84%	4.39%	2.5%	-0.63%	1.95%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Challenger IM Credit Income I

Cash: 7.61%

Fixed Interest: 92.39%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 5.43%

Fixed Interest: 92.34%

Australian Equities: 0.06%

International Equities: 0.01%

Property & Infrastructure: 0%

Alternatives: 2.17%

General Information

Fund Details

Type	Description
Fund Name	Challenger IM Credit Income I
Responsible Entity	Fidante Partners Limited
APIR Code	HOW5500AU
Sector/Asset Class	Diversified Credit
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	3 Oct 2017
Fund Size	$785.58 million (as at 31 Jul 2025)
Entry Price	$1.0503 (as at 11 Sep 2025)
Exit Price	$1.0465 (as at 11 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.35% (as at 17 Jan 2024)
Indirect Cost Ratio (ICR)	0.35% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0
Minimum initial investment	$10,000,000
Minimum additional investments	$1,000,000

FAQs about the Challenger IM Credit Income I

What is the objective of the Challenger IM Credit Income I managed fund?

The objective of the Challenger IM Credit Income I managed fund is The Fund aims to achieve superior absolute returns over the medium to long term whilst offering capital stability and a steady income stream.

What is the strategy for the Challenger IM Credit Income I managed fund?

The strategy of the Challenger IM Credit Income I managed fund is The Challenger IM Fixed Income team's investment philosophy values taking a multi-strategy approach to credit investing, allowing for a broader opportunity set and ensuring improved risk/return outcomes for clients. The team believe a disciplined focus on understanding and quantifying credit, liquidity, and complexity risk premia is essential for active fixed income managers to exploit market inefficiencies.

What is the APIR code of the Challenger IM Credit Income I managed fund?

The APIR code of the Challenger IM Credit Income I managed fund is HOW5500AU.

What was Challenger IM Credit Income I’s total return last month?

Challenger IM Credit Income I’s total return last month was 0.64%. This was made up of a growth return of 0.64% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was Challenger IM Credit Income I’s total return for the last three months?

Challenger IM Credit Income I’s total return for the last three months was 2.18%. This was made up of a growth return of 0.29% and an income return of 1.89%%. These returns were calculated as at 31 Aug 2025.

What is Challenger IM Credit Income I’s one-year total return?

Challenger IM Credit Income I’s one-year total return is 7.52%. This was made up of a growth return of 0.8% and an income return of 6.72%. These returns were calculated as at 31 Aug 2025.

What is Challenger IM Credit Income I’s three-year total return?

Challenger IM Credit Income I’s one-year total return is 8.07%. This was made up of a growth return of 1.7% and an income return of 6.37%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Challenger IM Credit Income I managed fund?

The asset allocation of the Challenger IM Credit Income I managed fund is :

Cash: 7.61%

Fixed Interest: 92.39%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Challenger IM Credit Income I managed fund?

The Responsible Entity for the Challenger IM Credit Income I managed fund is Fidante Partners Limited.

What sector/asset class does the Challenger IM Credit Income I managed fund belong to?

The Challenger IM Credit Income I managed fund belongs to the Diversified Credit sector/asset class.

What is the size of the Challenger IM Credit Income I managed fund?

As at 31 Jul 2025, the size of the Challenger IM Credit Income I managed fund was $785.58 million.

What is the inception date of the Challenger IM Credit Income I managed fund?

The Challenger IM Credit Income I managed fund has an inception date of 3 Oct 2017.

What is the current entry price of the Challenger IM Credit Income I managed fund?

The current entry price of the Challenger IM Credit Income I managed fund is $1.0503 per unit and the current exit price is $1.0465 per unit (as at 11 Sep 2025).

What is the current exit price of the Challenger IM Credit Income I managed fund?

The current exit price of the Challenger IM Credit Income I managed fund is $1.0465 per unit and the current entry price is $1.0503 per unit (as at 11 Sep 2025).

What is the minimum investment amount for the Challenger IM Credit Income I managed fund?

The minimum initial investment amount for the Challenger IM Credit Income I managed fund is $10,000,000. Minimum additional investment is $1000000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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