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.
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
Benchmark
50% Bloomberg AusBond Composite Bond Index / 50% Bloomberg AusBond Bank Bill Index
Overview
Current as of May 2022
16 September 2003
Inception Date
0.77% p.a.
Management Fee*
3 Years
Suggested Minimum Time Frame
A$2.8B
Funds Under Management**
Monthly
Distribution Frequency
BAM05
mFund Code
$10,000
Minimum Investment
CSA0038AU
APIR Code
* The management fee of 0.77% p.a. includes a recoverable expense of 0.05% p.a.
** 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: 31 May 2022
-1.17%
1 month
-0.62%
3 months
1.45%
1 year
3.97%
3 years (p.a.)
3.74%
5 years (p.a.)
6.25%
10 years (p.a.)
6.50%
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
Forms
Reports & Flyers
Product Updates
14 June 2022
Update to buy and sell spreads of the Funds - mFund
14 June 2022
Update to buy and sell spreads of the Funds
13 May 2022
Update to buy and sell spreads of the Funds - mFund
13 May 2022
Update to buy and sell spreads of the Funds
14 April 2022
Update to buy and sell spreads of the Funds - mFund
14 April 2022
Update to buy and sell spreads of the Funds
22 February 2022
Update to buy and sell spreads of the Funds
22 December 2021
28 January 2022
Update to buy and sell spreads of the Funds
15 December 2021
Update to buy and sell spreads of the Funds - mFund
15 December 2021
Update to buy and sell spreads of the Funds
22 October 2021
Update to buy and sell spreads of the Funds
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
You should read the Fund's Target Market Determination (TMD) and the Fund’s Product Disclosure Statement (PDS) to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.
Benchmark
Credit Suisse Leverage Loan Index (hedged into Australian dollars)
Overview
Current as of May 2022
16 August 2004
Inception Date
0.84% p.a.
Management Fee*
3 Years
Suggested Minimum Time Frame
A$2.3B
Funds Under Management**
Monthly
Distribution Frequency
BAM04
mFund Code
$10,000
Minimum Investment
CSA0046AU
APIR Code
* The management fee of 0.84% p.a. includes a recoverable expense of 0.07% p.a.
**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: 31 May 2022
-2.21%
1 month
-2.35%
3 months
-0.71%
1 year
1.62%
3 years (p.a.)
2.40%
5 years (p.a.)
5.12%
10 years (p.a.)
6.55%
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
Forms
Reports & Flyers
Product Updates
14 June 2022
Update to buy and sell spreads of the Funds - mFund
14 June 2022
Update to buy and sell spreads of the Funds
13 May 2022
Update to buy and sell spreads of the Funds - mFund
13 May 2022
Update to buy and sell spreads of the Funds
14 April 2022
Update to buy and sell spreads of the Funds - mFund
14 April 2022
Update to buy and sell spreads of the Funds
22 February 2022
Update to buy and sell spreads of the Funds - mFund
22 February 2022
Update to buy and sell spreads of the Funds
22 December 2021
28 January 2022
Update to buy and sell spreads of the Funds - mFund
28 January 2022
Update to buy and sell spreads of the Funds
15 December 2021
Update to buy and sell spreads of the Funds - mFund
15 December 2021
Update to buy and sell spreads of the Funds
22 October 2021
Update to buy and sell spreads of the Funds
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
You should read the Fund's Target Market Determination (TMD) and the Fund’s Product Disclosure Statement (PDS) to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.
Benchmark
Merrill Lynch High Yield Cash Pay Constrained Index (hedged into AUD)
Overview
Current as of May 2022
15 October 1998
Inception Date
0.60% p.a.
Management Fee
3 Years
Suggested Minimum Time Frame
A$145.5M
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: 31 May 2022
-0.11%
1 month
-4.30%
3 months
-5.24%
1 year
1.37%
3 years (p.a.)
2.28%
5 years (p.a.)
5.77%
10 years (p.a.)
7.35%
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
14 June 2022
Update to buy and sell spreads of the Funds - mFund
14 June 2022
Update to buy and sell spreads of the Funds
13 May 2022
Update to buy and sell spreads of the Funds - mFund
13 May 2022
Update to buy and sell spreads of the Funds
14 April 2022
Update to buy and sell spreads of the Funds
22 February 2022
Update to buy and sell spreads of the Funds
22 December 2021
28 January 2022
Update to buy and sell spreads of the Funds
15 December 2021
Update to buy and sell spreads of the Funds - mFund
15 December 2021
Update to buy and sell spreads of the Funds
22 October 2021
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
Benchmark
50% Bloomberg AusBond Composite Bond Index / 50% Bloomberg AusBond Bank Bill Index
Overview
Current as of May 2022
30 September 2016
Inception Date
0.77% p.a.
Management Fee
3 Years
Suggested Minimum Time Frame
A$112.2M
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: 31 May 2022
-1.08%
1 month
-0.12%
3 months
2.24%
1 year
4.52%
3 years (p.a.)
4.11%
5 years (p.a.)
-
10 years (p.a.)
5.28%
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
14 June 2022
Update to buy and sell spreads of the Funds
13 May 2022
Update to buy and sell spreads of the Funds
14 April 2022
Update to buy and sell spreads of the Funds
22 February 2022
Update to buy and sell spreads of the Funds
22 December 2021
28 January 2022
Update to buy and sell spreads of the Funds
15 December 2021
Update to buy and sell spreads of the Funds - mFund
15 December 2021
Update to buy and sell spreads of the Funds
22 October 2021
Update to buy and sell spreads of the Funds
13 September 2021
Update to buy and sell spreads of the Funds
29 July 2021
Update to buy and sell spreads of the Funds
28 June 2021
Update to buy and sell spreads of the Funds
13 May 2021
Update to buy and sell spreads of the Funds
19 March 2021
Update to buy and sell spreads of the Funds
9 February 2021
Update to buy and sell spreads of the Funds
13 January 2021
Update to buy and sell spreads of the Funds
11 December 2020
Update to buy and sell spreads of the Funds
12 November 2020
Update to buy and sell spreads of the Funds
19 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
December 2019
Update to buy and sell spreads of the Funds
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
Benchmark
Credit Suisse Leverage Loan Index (hedged into Australian dollars)
Overview
Current as of May 2022
30 September 2016
Inception Date
0.84% p.a.
Management Fee
3 Years
Suggested Minimum Time Frame
A$45.7M
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 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: 31 May 2022
-2.15%
1 month
-1.93%
3 months
-0.07%
1 year
2.25%
3 years (p.a.)
2.78%
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
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
Product Updates
14 June 2022
Update to buy and sell spreads of the Funds
13 May 2022
Update to buy and sell spreads of the Funds
14 April 2022
Update to buy and sell spreads of the Funds
22 February 2022
Update to buy and sell spreads of the Funds
28 January 2022
Update to buy and sell spreads of the Funds - mFund
28 January 2022
Update to buy and sell spreads of the Funds
22 December 2021
15 December 2021
Update to buy and sell spreads of the Funds - mFund
15 December 2021
Update to buy and sell spreads of the Funds
22 October 2021
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
You should read the Fund's Target Market Determination (TMD) and the Fund’s Product Disclosure Statement (PDS) to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.
Fund Downloads
Benchmark
Bloomberg AusBond Bank Bill Index
Overview
Current as of May 2022
31 October 2016
Inception Date
0.35% p.a.
Management Fee
3 Years
Suggested Minimum Time Frame
A$38.9M
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.
31 May 2022
-0.86%
1 month
-1.07%
3 months
-0.52%
1 year
1.31%
3 years (p.a.)
2.15%
5 years (p.a.)
-
10 years (p.a.)
2.58%
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
Forms
Reports & Flyers
Product Updates
14 June 2022
Update to buy and sell spreads of the Funds - mFund
14 June 2022
Update to buy and sell spreads of the Funds
13 May 2022
Update to buy and sell spreads of the Funds
14 April 2022
Update to buy and sell spreads of the Funds - mFund
14 April 2022
Update to buy and sell spreads of the Funds
22 February 2022
Update to buy and sell spreads of the Funds
22 December 2021
28 January 2022
Update to buy and sell spreads of the Funds
15 December 2021
Update to buy and sell spreads of the Funds - mFund
15 December 2021
Update to buy and sell spreads of the Funds
22 October 2021
Update to buy and sell spreads of the Funds