Kapstream Absolute Return Income Active ETF - Managed Fund

Fund Objective

The Fund is a managed fund which has been established as a class of units of the ActiveX Kapstream Absolute Return Income Fund, a registered managed investment scheme. Investors in the Fund acquire units in that specific class of units and the assets of the Fund are held on trust for the investors in the specific class that relates to the Fund. The Fund is administered as a separate trust by Fidante. The Fund’s units will trade on the Cboe Australia exchange (the Exchange).

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	0.59%	0.47%	2.28%	5.15%	5.87%	5.81%	3.38%	-%
Growth return	-0.5%	0.39%	1.48%	-0.49%	0.83%	1.34%	-0.5%	-%
Income return	1.09%	0.08%	0.8%	5.64%	5.04%	4.47%	3.88%	-%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	0.21%	-1.29%	-0.51%	3.2%	3.05%	2.85%	-0.31%	1.93%

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

Asset Allocation

Kapstream Absolute Return Income Active ETF

International Equities: 100%

Australian Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 0%

Australian Equities: 0.61%

Cash: 7.85%

Property & Infrastructure: 0.13%

Fixed Interest: 91.24%

Alternatives: 0.18%

General Information

Fund Details

Type	Description
Fund Name	Kapstream Absolute Return Income Active ETF
APIR Code
Sector/Asset Class	Unconstrained Fixed Income
Morningstar Rating	(as at 31 Dec 2025)
Legal Structure	Investment Fund
Fund Inception	10 Oct 2019
Fund Size	$28448827 million (as at 31 Dec 2025)
Entry Price	$100 (as at 21 Nov 2024)
Exit Price	$100 (as at 21 Nov 2024)
Fund Status	Open

Offer information

Type	Description
MER	0.55% (as at 11 Dec 2025)
Indirect Cost Ratio (ICR)	0.55% (as at 30 Jun 2025)
Minimum initial investment	$500,000

Top 10 holdings (as at 30 Nov 2025)

Holding (as at 30 Nov 2025)	Type	% of Portfolio
Volkswagen Financial Services Australia Pty Ltd. 5.1%	Bond - Corporate Bond	3.49%
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FAQs about the Kapstream Absolute Return Income Active ETF

What is the objective of the Kapstream Absolute Return Income Active ETF managed fund?

The objective of the Kapstream Absolute Return Income Active ETF managed fund is The Fund is a managed fund which has been established as a class of units of the ActiveX Kapstream Absolute Return Income Fund, a registered managed investment scheme. Investors in the Fund acquire units in that specific class of units and the assets of the Fund are held on trust for the investors in the specific class that relates to the Fund. The Fund is administered as a separate trust by Fidante. The Fund’s units will trade on the Cboe Australia exchange (the Exchange).

What is the strategy for the Kapstream Absolute Return Income Active ETF managed fund?

The strategy of the Kapstream Absolute Return Income Active ETF managed fund is The Fund is a managed fund which has been established as a class of units of the ActiveX Kapstream Absolute Return Income Fund, a registered managed investment scheme. Investors in the Fund acquire units in that specific class of units and the assets of the Fund are held on trust for the investors in the specific class that relates to the Fund. The Fund is administered as a separate trust by Fidante. The Fund’s units will trade on the Cboe Australia exchange (the Exchange).

What is the APIR code of the Kapstream Absolute Return Income Active ETF managed fund?

The APIR code of the Kapstream Absolute Return Income Active ETF managed fund is .

What was Kapstream Absolute Return Income Active ETF’s total return last month?

Kapstream Absolute Return Income Active ETF’s total return last month was 0.59%. This was made up of a growth return of -0.5% and an income return of 1.09%. These returns were calculated as at 31 Jan 2026.

What was Kapstream Absolute Return Income Active ETF’s total return for the last three months?

Kapstream Absolute Return Income Active ETF’s total return for the last three months was 0.47%. This was made up of a growth return of 0.39% and an income return of 0.08%%. These returns were calculated as at 31 Jan 2026.

What is Kapstream Absolute Return Income Active ETF’s one-year total return?

Kapstream Absolute Return Income Active ETF’s one-year total return is 5.15%. This was made up of a growth return of -0.49% and an income return of 5.64%. These returns were calculated as at 31 Jan 2026.

What is Kapstream Absolute Return Income Active ETF’s three-year total return?

Kapstream Absolute Return Income Active ETF’s one-year total return is 5.81%. This was made up of a growth return of 1.34% and an income return of 4.47%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the Kapstream Absolute Return Income Active ETF managed fund?

The asset allocation of the Kapstream Absolute Return Income Active ETF managed fund is :

International Equities: 100%

Australian Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Kapstream Absolute Return Income Active ETF managed fund belong to?

The Kapstream Absolute Return Income Active ETF managed fund belongs to the Unconstrained Fixed Income sector/asset class.

What is the size of the Kapstream Absolute Return Income Active ETF managed fund?

As at 31 Dec 2025, the size of the Kapstream Absolute Return Income Active ETF managed fund was $28448827 million.

What is the inception date of the Kapstream Absolute Return Income Active ETF managed fund?

The Kapstream Absolute Return Income Active ETF managed fund has an inception date of 10 Oct 2019.

What is the current entry price of the Kapstream Absolute Return Income Active ETF managed fund?

The current entry price of the Kapstream Absolute Return Income Active ETF managed fund is $100 per unit and the current exit price is $100 per unit (as at 21 Nov 2024).

What is the current exit price of the Kapstream Absolute Return Income Active ETF managed fund?

The current exit price of the Kapstream Absolute Return Income Active ETF managed fund is $100 per unit and the current entry price is $100 per unit (as at 21 Nov 2024).

What is the minimum investment amount for the Kapstream Absolute Return Income Active ETF managed fund?

The minimum initial investment amount for the Kapstream Absolute Return Income Active ETF managed fund is $500,000.

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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