Bentham Asset Management

Bentham

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.

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 Global Income Fund

Strategy

The Bentham 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

Fund Downloads

Fund Report

Fund Profile

PDS

Benchmark

50% Bloomberg AusBond Composite Bond Index / 50% Bloomberg AusBond Bank Bill Index

Overview

Current as of September 2020

16 September 2003

Inception Date

0.77% p.a.

Management Fee

3 Years

Suggested Minimum Time Frame

A$2.1B

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.  The FUM amount shown includes inter-funding. Bentham strategies inter-fund for portfolio construction purposes.

Interests in the Bentham 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 (ABN 92 140 833 674 AFSL 356199) as the investment manager of the Funds.

Fund Performance (Net) as at: 30 Sep 2020

0.43%

1 month

3.29%

3 months

2.05%

1 year

2.43%

3 years (p.a.)

4.26%

5 years (p.a.)

6.82%

10 years (p.a.)

6.60%

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

loading...
As at Date: 30 Sep 2020
Inception Date: 16 Sep 2003
Past performance is not a reliable indicator of future performance.
1 Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.

Bentham Syndicated Loan Fund

Strategy

The Bentham 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

Fund Downloads

Fund Report

Fund Profile

PDS

Benchmark

Credit Suisse Leverage Loan Index (hedged into Australian dollars)

Overview

Current as of September 2020

16 August 2004

Inception Date

0.84% p.a.

Management Fee

3 Years

Suggested Minimum Time Frame

A$3B

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.  The FUM amount shown includes inter-funding. Bentham strategies inter-fund for portfolio construction purposes.

Interests in the Bentham 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 (ABN 92 140 833 674 AFSL 356199) as the investment manager of the Funds.

Fund Performance (Net) as at: 30 Sep 2020

0.40%

1 month

4.14%

3 months

-2.67%

1 year

1.13%

3 years (p.a.)

3.68%

5 years (p.a.)

6.20%

10 years (p.a.)

6.80%

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

loading...
As at Date: 30 Sep 2020
Inception Date: 16 Aug 2004

Past performance is not a reliable indicator of future performance.
1 Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.

Bentham High Yield Fund 

Strategy

The Bentham 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

Fund Downloads

Fund Report

Fund Profile

PDS

Benchmark

Merrill Lynch High Yield Cash Pay Constrained Index (hedged into AUD)

Overview

Current as of September 2020

15 October 1998

Inception Date

0.60% p.a.

Management Fee

3 Years

Suggested Minimum Time Frame

A$149M

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. The FUM amount shown includes inter-funding. Bentham strategies inter-fund for portfolio construction purposes.

Interests in the Bentham 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 (ABN 92 140 833 674 AFSL 356199) as the investment manager of the Funds.

Fund Performance (Net) as at: 30 Sep 2020

-0.39%

1 month

4.82%

3 months

-1.12%

1 year

2.38%

3 years (p.a.)

5.64%

5 years (p.a.)

7.80%

10 years (p.a.)

7.85%

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

loading...
As at Date: 30 Sep 2020
Inception Date: 15 Oct 1998
Past performance is not a reliable indicator of future performance.
1 Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
 

Offer Documents 

 


Forms

 


Reports & Flyers


Product Updates

10 October 2020

Update to buy and sell spreads of the Funds

3 September 2020

Update to buy and sell spreads of the Funds

11 August 2020

Update to buy and sell spreads of the Funds

13 July 2020

Update to buy and sell spreads of the Funds

19 June 2020

Update to buy and sell spreads of the Funds

3 June 2020

Update to buy and sell spreads of the Funds

13 May 2020

Update to buy and sell spreads of the Funds

1 May 2020

Update to buy and sell spreads of the Funds

17 April 2020

Update to buy and sell spreads of the Funds

19 March 2020

Update to buy and sell spreads of the Funds

13 March 2020

Update to buy and sell spreads of the Funds

 

 

Bentham Global Income Fund (NZD)

Strategy

The Bentham 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

Fund Downloads

Fund Report 

PDS

Benchmark

50% Bloomberg AusBond Composite Bond Index / 50% Bloomberg AusBond Bank Bill Index

Overview

Current as of September 2020

30 September 2016

Inception Date

0.77% p.a.

Management Fee

3 Years

Suggested Minimum Time Frame

A$57.3M

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 Services Limited (ABN 44 119 605 373 AFSL 320505) (Fidante Partners). Fidante Partners has appointed Bentham Asset Management Pty Ltd (ABN 92 140 833 674 AFSL 356199) as the investment manager of the Funds.

Fund Performance (Net) as at: 30 Sep 2020

0.49%

1 month

3.19%

3 months

2.76%

1 year

2.76%

3 years (p.a.)

4.64%

5 years (p.a.)

-

10 years (p.a.)

5.10%

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

loading...
As at Date: 30 Sep 2020
Inception Date: 30 Sep 2013
Past performance is not a reliable indicator of future performance.
1 Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.
 

Bentham Syndicated Loan Fund (NZD)

Strategy

The Bentham 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

Fund Downloads

Fund Report

PDS

Benchmark

Credit Suisse Leverage Loan Index (hedged into Australian dollars)

Overview

Current as of September 2020

30 September 2016

Inception Date

0.84% p.a.

Management Fee

3 Years

Suggested Minimum Time Frame

A$46.9M

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 Services Limited (ABN 44 119 605 373 AFSL 320505) (Fidante Partners). Fidante Partners has appointed Bentham Asset Management Pty Ltd (ABN 92 140 833 674 AFSL 356199) as the investment manager of the Funds.

Fund Performance (Net) as at: 30 Sep 2020

0.45%

1 month

4.03%

3 months

-1.50%

1 year

1.52%

3 years (p.a.)

4.00%

5 years (p.a.)

-

10 years (p.a.)

4.61%

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

loading...
As at Date: 30 Sep 2020
Inception Date: 30 Sep 2013
Past performance is not a reliable indicator of future performance.
1 Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.

Bentham Asset Backed Securities Fund

Strategy

The Bentham Asset Backed Securities Fund (the Fund) is actively managed, with individual investments made across different global ABS subsectors. The Fund is managed by Bentham Asset Management, which has over 10 years of investment experience in the sector. 

Suits Investors Seeking:

  • Access to the global asset backed securities market
  • Globally diversified sources of income 
  • To invest for at least three years

Fund Downloads

Fund Report
PDS

 

Benchmark

Bloomberg AusBond Bank Bill Index 

Overview

Current as of September 2020

31 October 2016

Inception Date

0.35% p.a.

Management Fee

3 Years

Suggested Minimum Time Frame

A$175.3M

Funds Under Management*

Monthly

Distribution Frequency

$10,000

Minimum Investment

HOW2852AU

APIR Code

* Funds under management displayed at a class level only.  The FUM amount shown includes inter-funding. Bentham strategies inter-fund for portfolio construction purposes.

Interests in the Bentham Asset Backed Securities Fund ARSN 105 898 271 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 (ABN 92 140 833 674 AFSL 356199) as the investment manager of the Funds.

30 Sep 2020

0.59%

1 month

1.99%

3 months

0.54%

1 year

2.20%

3 years (p.a.)

-

5 years (p.a.)

-

10 years (p.a.)

3.04%

Since inception (p.a.)

Past performance is not a reliable indicator of future performance.
1. The inception date of the fund is 31 October 2016.
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

loading...
As at Date: 30 Sep 2020
Inception Date: 31 Oct 2016

Past performance is not a reliable indicator of future performance.
1 Total Returns (after fees and expenses) are calculated using pre-distribution month end withdrawal unit prices and assumes all distributions are reinvested.