General Information

Kapstream Absolute Return Income
Fidante Partners Limited
HOW0052AU
Multi-Strategy Income
starstarstarstar (as at 30 Nov 2017)
Investment Fund
29 May 2007
$3275.19 million (as at 30 Nov 2017)
$1.222 (as at 14 Dec 2017)
$1.222 (as at 14 Dec 2017)

Fund performance (30 Nov 2017)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return 0.27 0.91 1.62 3.45 3.25 3.1 3.64 5.14
Growth return 0.27 0.14 -0.22 0 0.38 0.26 0.22 1.83
Income return 0 0.77 1.84 3.45 2.87 2.84 3.42 3.31

Market index (Bloomberg AusBond Composite 0+Y TR AUD)

Total return 0.87 1.66 0.99 4.02 3.73 3.81 4.3 6.23
Your data is being crunched

Fund Performance Comparison

This fund is benchmarked against the {{ selectedModel.benchmark.name }} index.

This fund's fees are: {{ mer | percentage:2 }}

Returns {{ fund.name }} Peers Benchmark Peers Fees
1 Month {{ fund.returns.return1Month | percentage:2 }} {{ fund.benchmark.peers.returns.return1Month | percentage:2 }} {{ fund.benchmark.index.returns.return1Month | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}
3 Months {{ fund.returns.return3Month | percentage:2 }} {{ fund.benchmark.peers.returns.return3Month | percentage:2 }} {{ fund.benchmark.index.returns.return3Month | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}
6 Months {{ fund.returns.return6Month | percentage:2 }} {{ fund.benchmark.peers.returns.return6Month | percentage:2 }} {{ fund.benchmark.index.returns.return6Month | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}
1 Year {{ fund.returns.return1Year | percentage:2 }} {{ fund.benchmark.peers.returns.return1Year | percentage:2 }} {{ fund.benchmark.index.returns.return1Year | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}
2 Year {{ fund.returns.return2Year | percentage:2 }} {{ fund.benchmark.peers.returns.return2Year | percentage:2 }} {{ fund.benchmark.index.returns.return2Year | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}
3 Years {{ fund.returns.return3Year | percentage:2 }} {{ fund.benchmark.peers.returns.return3Year | percentage:2 }} {{ fund.benchmark.index.returns.return3Year | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}
5 Years {{ fund.returns.return5Year | percentage:2 }} {{ fund.benchmark.peers.returns.return5Year | percentage:2 }} {{ fund.benchmark.index.returns.return5Year | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}
10 Years {{ fund.returns.return10Year | percentage:2 }} {{ fund.benchmark.peers.returns.return10Year | percentage:2 }} {{ fund.benchmark.index.returns.return10Year | percentage:2 }} {{ fund.benchmark.peers.mer | percentage:2 }}

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers and {{ fund.benchmark.name }}

Asset Allocation (30 Nov 2017)

Australian Equities 0%
International Equities 0%
Cash 2.50%
Property 0%
Fixed Interest 97.50%
Alternatives 0%
Asset Allocation

Objectives and Strategy

The Fund aims to provide a steady stream of income and capital stability over the medium term while aiming to outperform its benchmark through market cycles.
The Fund is managed by Kapstream who applies an innovative, flexible, and risk adverse approach to fixed income portfolio management. The Fund targets an absolute return over time, by investing in a global, diversified portfolio of predominantly investment grade fixed income securities, according to Kapstream's global macroeconomic and market views.

Offer information

Indirect Cost Ratio (ICR) 0.70% (as at 30 Jun 2017)
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 31 Oct 2017)

Holding Type % of Portfolio
Etsa Utilities Finance Pty 15/10/2019 Frn Coy Guar Bond - Corporate Bond 1.53%
Login now to view the complete list of holdings.

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. 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.