September, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of -0.63% in the month of September, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.96%. On a before fees basis the fund returned -0.63% for the month, underperforming the benchmark by 0.96%
The Fund's sector allocations are 28.7% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 25.9% in European CLO, 17.0% in Australian Residential Mortgage Backed Securities (RMBS), 8.8% in Middle Market CLO, 8.4% in Cash & Derivatives, 6.9% in UK RMBS, 1.7% in Credit Card ABS, 1.7% in Aircraft ABS, 0.5% in US Commercial Real Estate (CRE), 0.4% in European RMBS, 0.0% in Personal Loan ABS and 0.0% in Auto ABS.
The top performing contributors to performance included US Broadly Syndicated CLO and Australian RMBS; whilst the bottom performing contributors included US CRE and European RMBS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/20230930-ABS-Monthly-Report-1.pdfAugust, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of 1.14% in the month of August, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.77%. On a before fees basis the fund returned 1.17% for the month, outperforming the benchmark by 0.80%.
The Fund's sector allocations are 28.1% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 26.4% in European CLO, 17.6% in Australian Residential Mortgage Backed Securities (RMBS), 8.7% in Middle Market CLO, 7.5% in Cash & Derivatives, 7.3% in UK RMBS, 1.7% in Credit Card ABS, 1.7% in Aircraft ABS, 0.5% in US Commercial Real Estate (CRE), 0.4% in European RMBS, 0.0% in Personal Loan ABS and 0.0% in Auto ABS.
The top performing contributors to performance included US Broadly Syndicated CLO and European CLO; whilst the bottom performing contributors included European RMBS and US CRE.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/20230831-ABS-Monthly-Report.pdfJuly, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.88% in the month of July, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.51%. On a before fees basis the fund returned 0.91% for the month, outperforming the benchmark by 0.54%.
The Fund's sector allocations are 26.7% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 23.6% in European CLO, 19.6% in Australian Residential Mortgage Backed Securities (RMBS), 9.1% in Middle Market CLO, 9.0% in Cash & Derivatives, 7.3% in UK RMBS, 1.8% in Credit Card ABS, 1.8% in Aircraft ABS, 0.6% in US Commercial Real Estate (CRE), 0.4% in European RMBS, 0.0% in Personal Loan ABS and 0.0% in Auto ABS.
The top performing contributors to performance included European CLO and Australian RMBS; whilst the bottom performing contributors included European RMBS and Credit Card ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/20230731-ABS-Monthly-Report-1.pdfJune, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of -1.73% in the month of June, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 2.03%. On a before fees basis the fund returned -1.70% for the month, underperforming the benchmark by 2.00%.
The Fund's sector allocations are 27.6% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 24.0% in European CLO, 20.5% in Australian Residential Mortgage Backed Securities (RMBS), 9.5% in Middle Market CLO, 7.4% in UK RMBS, 6.2% in Cash & Derivatives, 1.9% in Credit Card ABS, 1.9% in Aircraft ABS, 0.6% in US Commercial Real Estate (CRE), 0.4% in European RMBS, 0.0% in Personal Loan ABS and 0.0% in Auto ABS.
Contributors
The top performing contributors to performance included US Broadly Syndicated CLO and Australian RMBS; whilst the bottom performing contributors included European CLO and US CRE.
May, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of -0.60% in the month of May, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.90%. On a before fees basis the fund returned -0.57% for the month, underperforming the benchmark by 0.87%.
The Fund's sector allocations are 28.1% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 24.2% in European CLO, 15.4% in Australian Residential Mortgage Backed Securities (RMBS), 9.7% in Middle Market CLO, 9.4% in Cash & Derivatives, 8.1% in UK RMBS, 2.0% in Aircraft ABS, 1.9% in Credit Card ABS, 0.6% in US Commercial Real Estate (CRE), 0.4% in European RMBS, 0.1% in Auto ABS and 0.0% in Personal Loan ABS.
File:April, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.72% in the month of April, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.41%. On a before fees basis the fund returned 0.74% for the month, outperforming the benchmark by 0.44%.
The Fund's sector allocations are 30.7% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 27.1% in European CLO, 11.2% in Australian Residential Mortgage Backed Securities (RMBS), 10.5% in Middle Market CLO, 10.1% in Cash & Derivatives, 4.9% in UK RMBS, 2.2% in Aircraft ABS, 2.1% in Credit Card ABS, 0.7% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.1% in Auto ABS and 0.0% in Personal Loan ABS.
File:March, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of 2.03% in the month of March, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 1.74%. On a before fees basis the fund returned 2.06% for the month, outperforming the benchmark by 1.78%.
The Fund's sector allocations are 32.1% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 27.7% in European CLO, 11.1% in Middle Market CLO, 10.0% in Australian Residential Mortgage Backed Securities (RMBS), 8.3% in Cash & Derivatives, 5.0% in UK RMBS, 2.3% in Aircraft ABS, 2.2% in Credit Card ABS, 0.7% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.1% in Auto ABS and 0.0% in Personal Loan ABS.
File:February, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of -0.55% in the month of February, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.79%. On a before fees basis the fund returned -0.55% for the month, underperforming the benchmark by 0.79%.
The Fund's sector allocations are 32.2% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 27.3% in European CLO, 11.1% in Middle Market CLO, 10.2% in Australian Residential Mortgage Backed Securities (RMBS), 7.1% in Cash & Derivatives, 5.9% in UK RMBS, 2.5% in Credit Card ABS, 2.3% in Aircraft ABS, 0.7% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.1% in Auto ABS and 0.0% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/20230228-ABS-Monthly-Report.pdfJanuary, 2023
The Bentham Asset Backed Securities Fund had a total return (after fees) of 2.70% in the month of January, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 2.43%. On a before fees basis the fund returned 2.73% for the month, outperforming the benchmark by 2.46%.
The Fund's sector allocations are 30.9% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 26.8% in European CLO, 11.0% in Cash & Derivatives, 10.6% in Middle Market CLO, 8.9% in Australian Residential Mortgage Backed Securities (RMBS), 5.6% in UK RMBS, 2.4% in Credit Card ABS, 2.3% in Aircraft ABS, 1.0% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.1% in Auto ABS and 0.0% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/20230131-ABS-Monthly-Report.pdfDecember, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of -0.53% in the month of December, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.78%. On a before fees basis the fund returned -0.50% for the month, underperforming the benchmark by 0.75%.
The Fund's sector allocations are 32.4% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 27.5% in European CLO, 11.2% in Middle Market CLO, 8.5% in Cash & Derivatives, 7.6% in Australian Residential Mortgage Backed Securities (RMBS), 5.8% in UK RMBS, 2.8% in Aircraft ABS, 2.5% in Credit Card ABS, 1.0% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.1% in Auto ABS and 0.0% in Personal Loan ABS.
The top performing contributors to performance included US Broadly Syndicated CLO and European CLO; whilst the bottom performing contributors included Auto ABS and European RMBS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/195232735.pdfNovember, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of 2.31% in the month of November, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 2.07%. On a before fees basis the fund returned 2.34% for the month, outperforming the benchmark by 2.09%.
The Fund's sector allocations are 32.2% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 27.0% in European CLO, 11.2% in Middle Market CLO, 9.0% in Cash & Derivatives, 7.7% in Australian Residential Mortgage Backed Securities (RMBS), 6.0% in UK RMBS, 2.9% in Aircraft ABS, 2.5% in Credit Card ABS, 1.1% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.1% in Auto ABS and 0.0% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/193884271.pdfOctober, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.89% in the month of October, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.65%. On a before fees basis the fund returned 0.95% for the month, outperforming the benchmark by 0.71%.
The Fund's sector allocations are 34.8% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 25.9% in European CLO, 12.2% in Middle Market CLO, 8.0% in Australian Residential Mortgage Backed Securities (RMBS), 6.2% in UK RMBS, 5.2% in Cash & Derivatives, 3.2% in Aircraft ABS, 2.6% in Credit Card ABS, 1.2% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.2% in Auto ABS and 0.0% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/192737602.pdfSeptember, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of -1.66% in the month of September, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 1.81%. On a before fees basis the fund returned -1.61% for the month, underperforming the benchmark by 1.76%.
Portfolio Exposures:
The Fund's sector allocations are 34.7% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 25.0% in European CLO, 12.3% in Middle Market CLO, 8.2% in Australian Residential Mortgage Backed Securities (RMBS), 6.2% in UK RMBS, 5.6% in Cash & Derivatives, 3.3% in Aircraft ABS, 2.6% in Credit Card ABS, 1.4% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.2% in Auto ABS and 0.0% in Personal Loan ABS.
Contributors:
The top performing contributors to performance included UK RMBS and Credit Card ABS; whilst the bottom performing contributors included European CLO and US Broadly Syndicated CLO.
August, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.86% in the month of August, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.71%. On a before fees basis the fund returned 0.89% for the month, outperforming the benchmark by 0.74%.
The Fund's sector allocations are 33.4% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 25.1% in European CLO, 11.7% in Middle Market CLO, 8.2% in Australian Residential Mortgage Backed Securities (RMBS), 6.3% in UK RMBS, 6.0% in Cash & Derivatives, 3.8% in Credit Card ABS, 3.3% in Aircraft ABS, 1.4% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.2% in Auto ABS and 0.0% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/190914083.pdfJune, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of -1.56% in the month of June, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 1.61%. On a before fees basis the fund returned -1.50% for the month, underperforming the benchmark by 1.55%
The Fund's sector allocations are 33.0% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 25.5% in European CLO, 11.9% in Middle Market CLO, 8.7% in Australian Residential Mortgage Backed Securities (RMBS), 7.4% in UK RMBS, 4.0% in Credit Card ABS, 3.7% in Aircraft ABS, 3.1% in Cash & Derivatives, 1.9% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.2% in Auto ABS and 0.0% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/188886581.pdfMay, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of -0.86% in the month of May, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.89%. On a before fees basis the fund returned -0.83% for the month, underperforming the benchmark by 0.87%.
The Fund's sector allocations are 30.7% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 24.8% in European CLO, 11.2% in Middle Market CLO, 8.6% in Australian Residential Mortgage Backed Securities (RMBS), 7.2% in UK RMBS, 6.5% in Cash & Derivatives, 4.8% in Credit Card ABS, 3.4% in Aircraft ABS, 2.0% in US Commercial Real Estate (CRE), 0.5% in European RMBS, 0.2% in Auto ABS and 0.0% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/187857026.pdfApril, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.21% in the month of April, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.23%. On a before fees basis the fund returned 0.26% for the month, outperforming the benchmark by 0.28%.
The Fund remains focused on the higher rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/186962817.pdfMarch, 2022
The Bentham Asset-Backed Securities Fund had a total return (after fees) of -0.42% in the month of March, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.42%. On a before fees basis the fund returned -0.39% for the month, underperforming the benchmark by 0.39%.
The Fund remains focused on the higher-rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low-interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/186206569.pdfFebruary, 2022
The Bentham Asset Backed Securities Fund had a total return (after fees) of -0.13% in the month of February, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.13%. On a before fees basis the fund returned -0.10% for the month, underperforming the benchmark by 0.11%.
The Fund remains focused on the higher rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/184627804.pdfDecember, 2021
The Fund remains focused on the higher rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/182540505.pdfNovember, 2021
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.18% in the month of November, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.17%. On a before fees basis the fund returned 0.21% for the month, outperforming the benchmark by 0.20%.
The Fund remains focused on the higher rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/181563121.pdfOctober, 2021
The Bentham Asset Backed Securities Fund had a total return (after fees) of -0.11% in the month of October, underperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.11%. On a before fees basis the fund returned -0.08% for the month, underperforming the benchmark by 0.08%
The Fund remains focused on the higher rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/180573335.pdfSeptember, 2021
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.12% in the month of September, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.12%. On a before fees basis the fund returned 0.12% for the month, outperforming the benchmark by 0.12%.
The Fund's sector allocations are 28.9% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 24.9% in European CLO, 13.4% in UK Residential Mortgage Backed Securities (RMBS), 9.0% in Middle Market CLO, 7.4% in Australian RMBS, 5.1% in Cash & Derivatives, 4.0% in Aircraft ABS, 3.7% in Credit Card ABS, 2.9% in US Commercial Real Estate (CRE), 0.4% in Auto ABS, 0.3% in European RMBS and 0.1% in Personal Loan ABS.
The Fund remains focused on the higher rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/179615612.pdfAugust, 2021
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.17% in the month of August, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.17%. On a before fees basis the fund returned 0.20% for the month, outperforming the benchmark by 0.20%.
The Fund's sector allocations are 30.7% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 21.5% in European CLO, 15.3% in UK Residential Mortgage Backed Securities (RMBS), 9.0% in Middle Market CLO, 7.5% in Australian RMBS, 4.7% in Cash & Derivatives, 4.0% in Aircraft ABS, 3.7% in Credit Card ABS, 2.9% in US Commercial Real Estate (CRE), 0.4% in Auto ABS, 0.3% in European RMBS and 0.1% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/179259699-1.pdfJuly, 2021
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.14% in the month of July, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.14%. On a before fees basis the fund returned 0.14% for the month, outperforming the benchmark by 0.14%.
The Fund's sector allocations are 29.2% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 20.2% in European CLO, 15.4% in UK Residential Mortgage Backed Securities (RMBS), 8.9% in Middle Market CLO, 7.6% in Cash & Derivatives, 7.3% in Australian RMBS, 4.0% in Aircraft ABS, 3.7% in Credit Card ABS, 2.9% in US Commercial Real Estate (CRE), 0.4% in Auto ABS, 0.3% in European RMBS and 0.1% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/176281933.pdfJune, 2021
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.05% in the month of June, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.05%. On a before fees basis the fund returned 0.10% for the month, outperforming the benchmark by 0.10%.
The Fund's sector allocations are 29.0% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 24.3% in European CLO, 15.0% in UK Residential Mortgage Backed Securities (RMBS), 8.9% in Middle Market CLO, 6.8% in Cash & Derivatives, 5.5% in Australian RMBS, 4.0% in Aircraft ABS, 2.9% in US Commercial Real Estate (CRE), 2.8% in Credit Card ABS, 0.5% in Auto ABS, 0.3% in European RMBS and 0.1% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/174851899.pdfApril, 2021
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.16% in the month of April, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.16%. On a before fees basis the fund returned 0.19% for the month, outperforming the benchmark by 0.19%.
The Fund's sector allocations are 31.2% in US Broadly Syndicated Collateralised Loan Obligations (CLO), 22.0% in European CLO, 15.0% in UK Residential Mortgage Backed Securities (RMBS), 8.6% in Middle Market CLO, 7.0% in Cash & Derivatives, 5.7% in Australian RMBS, 4.0% in Aircraft ABS, 2.8% in Credit Card ABS, 2.8% in US Commercial Real Estate (CRE), 0.5% in Auto ABS, 0.3% in European RMBS and 0.1% in Personal Loan ABS.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/172022905.pdfDecember, 2020
The Bentham Asset Backed Securities Fund had a total return (after fees) of 0.61% in the month of December, outperforming the benchmark (Bloomberg AusBond Bank Bill Index) by 0.61%. On a before fees basis the fund returned 0.59% for the month, outperforming the benchmark by 0.59%.
The Fund remains focused on the higher rated tranches of ABS issuance, offering investors a high credit quality, higher yielding, secured alternatives to investment grade corporate and government bonds, with low interest rate risk. We place a high value on the structural benefits (“terms”) typically included in global ABS structures to help preserve the principal of investors in the higher-rated tranches, such as cashflow priority, security, seniority, and reduction in leverage over time.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/164029032.pdfasset_class: Fixed Income
asset_category: Diversified Credit
peer_benchmark: Fixed Income - Diversified Credit Index
broad_market_index: Global Aggregate Hdg Index
manager_contact_details: Array
ticker: HOW2852AU
release_schedule: Monthly
commentary_block: Array
factsheet_url:
https://www.benthamam.com.au/funds/fund-reports/
fund_features:
Bentham Asset Backed Securities I aims to provide exposure to investment grade global asset backed securities and to generate stable income with some capital growth over the medium term. The Fund aims to outperform its benchmark over the suggested minimum investment timeframe. Bentham seeks to add value through actively managing allocations across a diversified portfolio of predominantly investment grade structured credit investments and trading of individual securities according to prospective risk adjusted returns.
structure: Managed Fund