Bentham Asset Management
Bentham Asset Management (Bentham) is a specialist global fixed interest and credit investment manager. Bentham actively manages a number of high yielding funds with varying risk profiles. The portfolios are designed to generate income while diversifying risk in global credit markets.
Notice of intention to elect - Exit Statements
Fidante intends to elect with effect from 1 July 2017, to shorten the maximum period by which an exit statement must be given in respect of its Funds from 6 months to 3 months from the date an investor ceases to hold the product between 1 July 2017 and 30 September 2017 ('Exit Period'). Please click here for more information.
About
Prior to the establishment of Bentham Asset Management, the founders worked together as part of the Credit Investment Group of Credit Suisse Alternative Capital Inc. The team have a strong track record of managing global diversified fixed interest portfolios and are well resourced with market-leading risk portfolio systems.
Bentham’s investment philosophy is based on a strong credit culture and a systematic investment process. Their focus is on the preservation of principal and protection against downside risk.
For more information, please visit www.benthamam.com.au
Approach
Bentham’s global focus provides more investment opportunities and diversity when compared with managers that focus only on domestic fixed income markets. In addition, global markets provide Bentham with greater depth and liquidity.
Bentham draws on a combination of both internal experience and strong relationships with specialist investment managers. Bentham identifies global investment opportunities in different credit sectors, then populates those sectors using bottom-up security selection. Key aspects to Bentham’s approach include relative value asset allocation, appropriate diversification and a respect for market liquidity.
Funds
Bentham Wholesale Global Income Fund
Strategy
The Bentham Wholesale Global Income Fund (the Fund) is actively managed and focused on generating stable income by providing a diversified exposure to domestic and global credit markets. The Fund aims to outperform its composite benchmark over the suggested minimum timeframe.
Suits Investors Seeking:
- Stable income with minimised risk of capital loss
- Diversified exposure to domestic and global credit markets
- To invest for at least three years
Benchmark
50% Bloomberg AusBond Composite Bond Index / 50% Bloomberg AusBond Bank Bill Index
Overview
Current as of July 2017
16 September 2003
Inception Date
0.77% p.a.
Management Cost
3 Years
Suggested Minimum Time Frame
A$1.6B
Funds Under Management*
Monthly
Distribution Frequency
BAM05
mFund Code
$10,000
Minimum Investment
CSA0038AU
APIR Code
*Funds under management displayed at a class level only.
Interests in the Bentham Wholesale Global Income Fund ARSN 105 898 271 and Bentham Professional Global Income Fund ARSN 109 991 095 are offered by Fidante Partners Services Limited ABN 44 119 605 373, AFSL 320505 (Fidante Partners). Fidante Partners has appointed Bentham Asset Management Pty Ltd as the investment manager of the Funds.
Fund Performance (Net) as at: 31 Jul 2017
0.54%
1 month
1.95%
3 months
11.85%
1 year
4.89%
3 years (p.a.)
8.53%
5 years (p.a.)
7.66%
10 years (p.a.)
7.53%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. The inception date of the fund is 16 September 2003.
2. Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
Bentham Wholesale Syndicated Loan Fund
Strategy
The Bentham Wholesale Syndicated Loan Fund (the Fund) is actively managed and focused on generating stable investment income. The Fund aims to provide investors with exposure to high-yielding investments primarily through the US syndicated loan market, with an active allocation to investments in different industries, issuers and geographies.
Suits Investors Seeking:
- Stable income with minimised risk of capital loss
- Diversified exposure to the global syndicated loan market
- To invest for at least three years
Benchmark
Credit Suisse Leverage Loan Index (hedged into Australian dollars)
Overview
Current as of July 2017
16 August 2004
Inception Date
0.84% p.a.
Management Cost
3 Years
Suggested Minimum Time Frame
A$3.7B
Funds Under Management*
Monthly
Distribution Frequency
BAM04
mFund Code
$10,000
Minimum Investment
CSA0046AU
APIR Code
*Funds under management displayed at a class level only.
Interests in the Bentham Wholesale Syndicated Loan Fund ARSN 110 077 159 and Bentham Professional Syndicated Loan Fund ARSN 111 433 071 are offered by Fidante Partners Services Limited ABN 44 119 605 373, AFSL 320505 (Fidante Partners). Fidante Partners has appointed Bentham Asset Management Pty Ltd as the investment manager of the Funds.
Fund Performance (Net) as at: 31 Jul 2017
0.48%
1 month
1.22%
3 months
9.61%
1 year
5.97%
3 years (p.a.)
7.62%
5 years (p.a.)
8.08%
10 years (p.a.)
8.15%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. The inception date of the Fund is 16 August 2004.
2. Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
Bentham Wholesale High Yield Fund
Strategy
The Bentham Wholesale High Yield Fund (the Fund) is actively managed and focused on generating higher income than traditional fixed income investments. The Fund provides diversified exposure to the US high yield bond market with active allocation between individual securities and industries.
Suits Investors Seeking:
- Potential for income and capital growth
- Diversified exposure to the global high yield credit
- To invest for at least three years
Benchmark
Merrill Lynch High Yield Cash Pay Constrained Index (hedged into AUD)
Overview
Current as of July 2017
15 October 1998
Inception Date
0.79% p.a.
Management Cost
3 Years
Suggested Minimum Time Frame
A$4.8M
Funds Under Management*
Quarterly
Distribution Frequency
BAM03
mFund Code
$10,000
Minimum Investment
CSA0102AU
APIR Code
*Funds under management displayed at a class level only.
Interests in the Bentham Wholesale High Yield Fund ARSN 088 907 224 are offered by Fidante Partners Services Limited ABN 44 119 605 373, AFSL 320505 (Fidante Partners). Fidante Partners has appointed Bentham Asset Management Pty Ltd as the investment manager of the Fund.
Fund Performance (Net) as at: 31 Jul 2017
1.01%
1 month
2.55%
3 months
12.65%
1 year
7.17%
3 years (p.a.)
8.98%
5 years (p.a.)
10.05%
10 years (p.a.)
8.76%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. The inception date of the Fund is 15 October 1998.
2. Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
Forms
Reports & Flyers
Product Updates
18 July 2017
Update to the buy sell spreads of the Fund
1 July 2017
Notice to unitholders - AMIT Regime
Update to non-resident account holder reporting requirements
Bentham Wholesale Global Income Fund (NZD)
Strategy
The Bentham Wholesale Global Income Fund (the Fund) is actively managed and focused on generating stable income by providing a diversified exposure to domestic and global credit markets. The Fund aims to outperform its composite benchmark over the suggested minimum timeframe.
Suits Investors Seeking:
- Stable income with minimised risk of capital loss
- Diversified exposure to domestic and global credit markets
- To invest for at least three years
Benchmark
50% Bloomberg AusBond Composite Bond Index / 50% Bloomberg AusBond Bank Bill Index
Overview
Current as of July 2017
30 September 2016
Inception Date
0.77% p.a.
Management Cost
3 Years
Suggested Minimum Time Frame
A$58.4M
Funds Under Management*
Monthly
Distribution Frequency
$50,000
Minimum Investment
-
APIR Code
*Funds under management displayed at a class level only.
Interests in the Bentham Global Income Fund NZD ARSN 165 696 417 are offered by Fidante Partners Limited ABN 94 002 835 592, AFSL 234668 (Fidante Partners). Fidante Partners has appointed Bentham Asset Management Pty Ltd as the investment manager of the Funds.
Fund Performance (Net) as at: 31 Jul 2017
0.46%
1 month
1.97%
3 months
12.07%
1 year
5.63%
3 years (p.a.)
-
5 years (p.a.)
-
10 years (p.a.)
6.94%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. The inception date of the Fund is 30 September 2013.
2. Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
Forms
Reports & Flyers
Product Updates
1 July 2017
Notice to unitholders - AMIT Regime
Update to non-resident account holder reporting requirements
21 April 2017
Bentham Wholesale Syndicated Loan Fund (NZD)
Strategy
The Bentham Wholesale Syndicated Loan Fund (the Fund) is actively managed and focused on generating stable investment income. The Fund aims to provide investors with exposure to high-yielding investments primarily through the US syndicated loan market, with an active allocation to investments in different industries, issuers and geographies.
Suits Investors Seeking:
- Stable income with minimised risk of capital loss
- Diversified exposure to the global syndicated loan market
- To invest for at least three years
Benchmark
Credit Suisse Leverage Loan Index (hedged into Australian dollars)
Overview
Current as of July 2017
30 September 2016
Inception Date
0.84% p.a.
Management Cost
3 Years
Suggested Minimum Time Frame
A$58.7M
Funds Under Management*
Monthly
Distribution Frequency
$50,000
Minimum Investment
-
APIR Code
*Funds under management displayed at a class level only.
Interests in the Bentham Syndicated Loan Fund NZD ARSN 165 696 300 are offered by Fidante Partners Limited ABN 94 002 835 592, AFSL 234668 (Fidante Partners).
Fund Performance (Net) as at: 31 Jul 2017
0.41%
1 month
1.26%
3 months
9.65%
1 year
6.37%
3 years (p.a.)
-
5 years (p.a.)
-
10 years (p.a.)
6.97%
Since inception (p.a.)
Past performance is not a reliable indicator of future performance.
1. The inception date of the fund is 30 September 2013.
2. Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
1 Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
Forms
Reports & Flyers
1 July 2017
Notice to unitholders - AMIT Regime
Update to non-resident account holder reporting requirements
14 June 2017