Kapstream Wholesale Plus Absolute Return Income - Managed Fund

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Fund Performance Comparison

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Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

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Benchmark* Peers Fees InvestSMART's Fees
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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (31 May 2018)

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 0.16 0.28 1.12 2.85 3.08 2.89 - -
Growth return 0.16 -0.42 -0.28 -0.49 0.02 -0.14 - -
Income return 0 0.7 1.4 3.34 3.06 3.03 - -

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

Total return 0.69 1.18 0.68 1.67 2.09 2.93 4.07 6.07

Asset Allocation (31 May 2018)

Australian Equities 0%
International Equities 0%
Cash 2.59%
Property 0%
Fixed Interest 97.41%
Alternatives 0%
Asset Allocation

General Information

Kapstream Wholesale Plus Absolute Return Income
BT Funds Management Ltd
Multi-Strategy Income
starstarstar (as at 31 May 2018)
Investment Fund
3 Nov 2014
$281.01 million (as at 31 May 2018)
$1.0111 (as at 15 Jun 2018)
$1.0111 (as at 15 Jun 2018)

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) 0.53% (as at 30 Jun 2016)
Minimum initial investment
Minimum additional investments

Top 10 holdings (as at 30 Apr 2018)

Holding Type % of Portfolio
Swap Irs X Aud/ 20200129 Interest Rate Swap 5.52%
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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
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