Ellerston Fixed Income Target Return - Managed Fund

Fund Objective

The Manager’s philosophy is to capitalise on bond market opportunities to capture return variability. The investment approach blends traditional fixed income return sources with alternative risk premia (ARP) to construct a portfolio that aims to have a low correlation to growth assets and credit returns though the cycle. The portfolio will be allocated across three distinct levels: • Base portfolio (50-100% allocation); • Fixed income risk premia (0-50% allocation); and • Hedging & alpha positions (0-30% allocation).

Fund Strategy

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.

Fees Comparison

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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	0.17%	0.72%	0.71%	2.84%	-%	-%	-%	-%
Growth return	-0.25%	0.35%	0.94%	0.93%	-%	-%	-%	-%
Income return	0.42%	0.37%	-0.23%	1.91%	-%	-%	-%	-%

As at 28 Feb 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

General Information

Fund Details

Type	Description
Fund Name	Ellerston Fixed Income Target Return
Responsible Entity	Ellerston Capital Limited
APIR Code	ECL4489AU
Morningstar Rating	Not Rated
Legal Structure	Unknown
Fund Inception	30 Aug 2024
Fund Size	$27.46 million (as at 28 Feb 2026)
Entry Price	$10.0156 (as at 18 Mar 2026)
Exit Price	$9.9956 (as at 18 Mar 2026)
Fund Status	Open

Offer information

Type	Description
MER	0.73% (as at 30 Sep 2025)
Minimum initial investment	$10,000.00
Minimum additional investments	$10,000.00
Savings plan comments
Redemption comments

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FAQs about the Ellerston Fixed Income Target Return

What is the objective of the Ellerston Fixed Income Target Return managed fund?

The objective of the Ellerston Fixed Income Target Return managed fund is The Manager’s philosophy is to capitalise on bond market opportunities to capture return variability. The investment approach blends traditional fixed income return sources with alternative risk premia (ARP) to construct a portfolio that aims to have a low correlation to growth assets and credit returns though the cycle. The portfolio will be allocated across three distinct levels: • Base portfolio (50-100% allocation); • Fixed income risk premia (0-50% allocation); and • Hedging & alpha positions (0-30% allocation).

What is the strategy for the Ellerston Fixed Income Target Return managed fund?

The strategy of the Ellerston Fixed Income Target Return managed fund is The Manager’s philosophy is to capitalise on bond market opportunities to capture return variability. The investment approach blends traditional fixed income return sources with alternative risk premia (ARP) to construct a portfolio that aims to have a low correlation to growth assets and credit returns though the cycle. The portfolio will be allocated across three distinct levels: • Base portfolio (50-100% allocation); • Fixed income risk premia (0-50% allocation); and • Hedging & alpha positions (0-30% allocation).

What is the APIR code of the Ellerston Fixed Income Target Return managed fund?

The APIR code of the Ellerston Fixed Income Target Return managed fund is ECL4489AU.

What was Ellerston Fixed Income Target Return’s total return last month?

Ellerston Fixed Income Target Return’s total return last month was 0.17%. This was made up of a growth return of -0.25% and an income return of 0.42%. These returns were calculated as at 28 Feb 2026.

What was Ellerston Fixed Income Target Return’s total return for the last three months?

Ellerston Fixed Income Target Return’s total return for the last three months was 0.72%. This was made up of a growth return of 0.35% and an income return of 0.37%%. These returns were calculated as at 28 Feb 2026.

What is Ellerston Fixed Income Target Return’s one-year total return?

Ellerston Fixed Income Target Return’s one-year total return is 2.84%. This was made up of a growth return of 0.93% and an income return of 1.91%. These returns were calculated as at 28 Feb 2026.

What is Ellerston Fixed Income Target Return’s three-year total return?

Ellerston Fixed Income Target Return’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 28 Feb 2026.

What is the asset allocation of the Ellerston Fixed Income Target Return managed fund?

The asset allocation of the Ellerston Fixed Income Target Return managed fund is :

Alternatives: 100%

Who is the responsible Entity of the Ellerston Fixed Income Target Return managed fund?

The Responsible Entity for the Ellerston Fixed Income Target Return managed fund is Ellerston Capital Limited.

What is the size of the Ellerston Fixed Income Target Return managed fund?

As at 28 Feb 2026, the size of the Ellerston Fixed Income Target Return managed fund was $27.46 million.

What is the inception date of the Ellerston Fixed Income Target Return managed fund?

The Ellerston Fixed Income Target Return managed fund has an inception date of 30 Aug 2024.

What is the current entry price of the Ellerston Fixed Income Target Return managed fund?

The current entry price of the Ellerston Fixed Income Target Return managed fund is $10.0156 per unit and the current exit price is $9.9956 per unit (as at 18 Mar 2026).

What is the current exit price of the Ellerston Fixed Income Target Return managed fund?

The current exit price of the Ellerston Fixed Income Target Return managed fund is $9.9956 per unit and the current entry price is $10.0156 per unit (as at 18 Mar 2026).

What is the minimum investment amount for the Ellerston Fixed Income Target Return managed fund?

The minimum initial investment amount for the Ellerston Fixed Income Target Return managed fund is $10,000. Minimum additional investment is $10000.

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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