Fermat ILS Yield A AUD Income - Managed Fund

Fund Objective

The Fund intends to pursue its investment objective by investing all of its assets into an investment company incorporated in the Cayman Islands, the Fermat Cat Bond Fund (the ‘Master Fund’). The Master Fund’s investment objective is to generate returns through selective investment in a portfolio of ILS with global exposure.

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	0.58%	1.66%	3.98%	12.21%	11.66%	12.35%	7.76%	5.54%
Growth return	0.69%	2.02%	2.62%	0.72%	0.8%	3.89%	1.18%	-0.37%
Income return	-0.11%	-0.36%	1.36%	11.49%	10.86%	8.46%	6.58%	5.91%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.34%	1.05%	1.98%	3.82%	4.05%	4.13%	3.1%	2.18%

As at 31 May 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Alternatives: 19.45%

Australian Equities: 4.78%

International Equities: 2.76%

Cash: 55.67%

Property & Infrastructure: 1.92%

Fixed Interest: 15.41%

General Information

Fund Details

Type	Description
Fund Name	Fermat ILS Yield A AUD Income
Responsible Entity	GAM International Management Limited
APIR Code	ETL0379AU
Sector/Asset Class	Miscellaneous
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	30 Jun 2012
Fund Size	$184.57 million (as at 29 May 2026)
Entry Price	$1.2535 (as at 29 May 2026)
Exit Price	$1.241 (as at 29 May 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.40% (as at 20 May 2025)
Minimum initial investment	$5,000,000

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FAQs about the Fermat ILS Yield A AUD Income

What is the objective of the Fermat ILS Yield A AUD Income managed fund?

The objective of the Fermat ILS Yield A AUD Income managed fund is The Fund intends to pursue its investment objective by investing all of its assets into an investment company incorporated in the Cayman Islands, the Fermat Cat Bond Fund (the ‘Master Fund’). The Master Fund’s investment objective is to generate returns through selective investment in a portfolio of ILS with global exposure.

What is the strategy for the Fermat ILS Yield A AUD Income managed fund?

The strategy of the Fermat ILS Yield A AUD Income managed fund is The Fund intends to pursue its investment objective by investing all of its assets into an investment company incorporated in the Cayman Islands, the Fermat Cat Bond Fund (the ‘Master Fund’). The Master Fund’s investment objective is to generate returns through selective investment in a portfolio of ILS with global exposure.

What is the APIR code of the Fermat ILS Yield A AUD Income managed fund?

The APIR code of the Fermat ILS Yield A AUD Income managed fund is ETL0379AU.

What was Fermat ILS Yield A AUD Income’s total return last month?

Fermat ILS Yield A AUD Income’s total return last month was 0.58%. This was made up of a growth return of 0.69% and an income return of -0.11%. These returns were calculated as at 31 May 2026.

What was Fermat ILS Yield A AUD Income’s total return for the last three months?

Fermat ILS Yield A AUD Income’s total return for the last three months was 1.66%. This was made up of a growth return of 2.02% and an income return of -0.36%%. These returns were calculated as at 31 May 2026.

What is Fermat ILS Yield A AUD Income’s one-year total return?

Fermat ILS Yield A AUD Income’s one-year total return is 12.21%. This was made up of a growth return of 0.72% and an income return of 11.49%. These returns were calculated as at 31 May 2026.

What is Fermat ILS Yield A AUD Income’s three-year total return?

Fermat ILS Yield A AUD Income’s one-year total return is 12.35%. This was made up of a growth return of 3.89% and an income return of 8.46%. These returns were calculated as at 31 May 2026.

What is the asset allocation of the Fermat ILS Yield A AUD Income managed fund?

The asset allocation of the Fermat ILS Yield A AUD Income managed fund is :

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Fermat ILS Yield A AUD Income managed fund?

The Responsible Entity for the Fermat ILS Yield A AUD Income managed fund is GAM International Management Limited.

What sector/asset class does the Fermat ILS Yield A AUD Income managed fund belong to?

The Fermat ILS Yield A AUD Income managed fund belongs to the Miscellaneous sector/asset class.

What is the size of the Fermat ILS Yield A AUD Income managed fund?

As at 29 May 2026, the size of the Fermat ILS Yield A AUD Income managed fund was $184.57 million.

What is the inception date of the Fermat ILS Yield A AUD Income managed fund?

The Fermat ILS Yield A AUD Income managed fund has an inception date of 30 Jun 2012.

What is the current entry price of the Fermat ILS Yield A AUD Income managed fund?

The current entry price of the Fermat ILS Yield A AUD Income managed fund is $1.2535 per unit and the current exit price is $1.241 per unit (as at 29 May 2026).

What is the current exit price of the Fermat ILS Yield A AUD Income managed fund?

The current exit price of the Fermat ILS Yield A AUD Income managed fund is $1.241 per unit and the current entry price is $1.2535 per unit (as at 29 May 2026).

What is the minimum investment amount for the Fermat ILS Yield A AUD Income managed fund?

The minimum initial investment amount for the Fermat ILS Yield A AUD Income managed fund is $5,000,000.

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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