Returns & Distributions

Returns

Net fund performance* - as at 30 April 2018 (% p.a.)

Bentham Global Income Fund 1 Year 3 Year 5 Year 7 Year 10 Year Since
Inception
Bentham Global Income Fund (% p.a.) 7.47 5.85 6.66 7.32 8.51 7.52
50% Bloomberg AusBond Composite Index / 50% Bloomberg AusBond Bank Bill Index 1.96 2.35 3.09 4.08 4.73 4.97
Bentham Syndicated Loan Fund 1 Year 3 Year 5 Year 7 Year 10 Year Since
Inception
Bentham Syndicated Loan Fund (% p.a.) 5.63 5.85 6.35 7.43 8.51 8.02
Credit Suisse Leveraged Loans Index (hedged into AUD) 4.96 5.21 5.72 6.70 7.38 6.91
Bentham High Yield Fund 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year Since
Inception
Bentham High Yield Fund (% p.a.) 3.64 5.90 6.52 8.44 9.78 9.81 8.47
ML High Yield Cash Pay Constrained Index (hedged into AUD) 3.41 5.93 6.25 8.14 9.61 9.86 8.80
Bentham Asset Backed Securities Fund 3 months 6 months 1 Year Since
Inception (p.a.)
Bentham Asset Backed Securities Fund (%)  0.42 1.62  4.26 5.01 
Bloomberg AusBond Bank Bill Index  0.44 0.87 1.75 1.76 
Bentham Global Opportunities Fund 3 months 6 months Since
Inception
Bentham Global Opportunities Fund (%) 0.59  2.66  5.10 
Bloomberg AusBond Bank Bill Index  0.44 0.87 1.56 
*Returns are calculated after fees and using pre-distribution month end withdrawal unit prices, and assumes all income is reinvested in additional units. Past performance is not necessarily indicative of future performance. Returns may be volatile and may vary from year to year. Source: Fidante Partners Services Limited, State Street. Fund inception dates: Bentham Global Income Fund - 16 September 2003, Bentham Syndicated Loan Fund - 16 August 2004, Bentham High Yield Fund - 15 October 1998, Bentham Asset Backed Securities Fund - 31 October 2016, Bentham Global Opportunities Fund - 8 June 2017.

Net fund performance^ - as at 30 April 2018 (% p.a.)

Bentham Global Income Fund NZD 3 Months 6 Months 1 Year 3 Year Since Inception
Bentham Global Income Fund NZD 0.49 3.31 7.48 6.37 7.00
50% Bloomberg AusBond Composite Index / 50% Bloomberg AusBond Bank Bill index (hedged in NZD) 0.62 0.91 2.13 2.78 3.69
Bentham Syndicated Loan Fund NZD 3 Months 6 Months 1 Year 3 Year Since Inception
Bentham Syndicated Loan Fund NZD 0.84 2.17 5.63 6.14 6.79
Credit Suisse Leveraged Loans Index (hedged into NZD) 1.03 2.68 5.12 5.69 6.32
^Returns are calculated after fees and using pre-distribution month end withdrawal unit prices, and assumes all income is reinvested in additional units. Past performance is not necessarily indicative of future performance. Returns may be volatile and may vary from year to year. Source: Fidante Partners Limited, State Street. Fund inception dates: Bentham Global Income Fund NZD - 30 September 2013, Bentham Syndicated Loan Fund NZD - 30 September 2013, Bentham Asset Backed Securities Fund - 31 October 2016, Bentham Global Opportunities Fund - 8 June 2017.

Distribution history (% of NAV*)

Bentham Global Income Fund

Financial Year Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD
FY2018 0.37 0.33   0.34  0.33  0.33 0.33  0.34  0.33 0.33  0.34      3.51
FY2017 0.37 0.37 0.37  0.37  0.37 0.37  0.38   0.37 0.37  0.37  0.37   0.36  4.88
FY2016 0.36  0.38  0.36  0.37  0.37 0.37 0.38 0.38 0.38 0.36  0.38   0.37  4.32
FY2015 0.44 0.43 0.44 0.44 0.44  0.42  0.44  0.44   0.43   0.43  0.43  0.77  5.58
FY2014 0.50 0.49 0.50 0.49 0.50 0.49 0.50 0.50 0.50 0.50 0.50 0.07 5.94
FY2013 0.68 0.64 0.64 0.64 0.64 0.62 0.65 0.62 0.61 0.61 0.62 1.05 9.09
FY2012 0.78 0.77 0.77 0.63 0.60 0.62 0.69 0.68 0.68 0.67 0.66 1.05 8.39
FY2011 0.64 0.63 0.64 0.65 0.64 0.64 0.64 0.82 0.80 0.79 0.80 1.08 9.87
FY2010 0.66 0.66 0.66 0.65 0.66 0.63 0.64 0.62 0.61 0.61 0.62 0.62 9.81
FY2009 0.64 0.66 0.84 0.58 0.48 0.36 0.37 0.32 0.26 0.28 0.26 0.28 4.52
FY2008 0.52 0.50 0.54 0.58 0.57 0.57 0.59 0.59 0.60 0.66 0.67 4.45 10.13
FY2007 0.50 0.48 0.50 0.50 0.50 0.50 0.54 0.54 0.46 0.53 0.53 0.62 6.34
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributions. Source: Fidante Partners Services Limited.

Bentham Syndicated Loan Fund

Financial Year Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD
FY2018 0.45 0.41  0.40  0.41  0.40  0.41 0.42  0.42  0.42 0.42     

4.27

FY2017 0.45 0.47  0.44  0.45   0.45 0.45  0.44  0.45  0.45  0.44   0.45  0.45  5.79
FY2016 0.40 0.40  0.40  0.40   0.40  0.40 0.40 0.40 0.41 0.39 0.39 0.29 4.65
FY2015 0.47 0.48 0.47 0.47 0.47 0.49  0.48   0.45   0.43   0.44   0.43  1.33  6.53 
FY2014 0.54 0.53 0.52 0.52 0.52 0.52 0.53 0.52 0.52 0.53 0.54 2.31 8.47
FY2013 0.64 0.70 0.67 0.66 0.66 0.64 0.63 0.56 0.61 0.62 0.61 0.59 8.17
FY2012 1.01 0.97 1.00 0.72 0.69 0.68 0.72 0.71 0.71 0.68 0.63 1.92 10.61
FY2011 0.74 0.73 0.74 0.74 0.75 0.75 0.74 0.92 0.92 0.92 0.92 4.15 14.12
FY2010 0.62 0.62 0.63 0.65 0.67 0.70 0.70 0.69 0.68 0.68 0.72 1.24 10.09
FY2009 0.65 0.66 0.65 0.56 0.46 0.36 0.38 0.32 0.26 0.29 0.27 0.28 4.85
FY2008 0.49 0.50 0.54 0.58 0.57 0.58 0.59 0.59 0.59 0.64 0.66 5.26 11.17
FY2007 0.50 0.48 0.50 0.50 0.50 0.50 0.54 0.54 0.52 0.47 0.54 1.33 7.31
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributons. Source: Fidante Partners Services Limited.

Bentham High Yield Fund

Financial Year Sep Dec Mar Jun YTD
FY2018 1.25 1.24  1.25    3.74
FY2017 1.20 1.21  1.15  1.03  5.11
FY2016 1.22 1.24  1.29   2.43 6.14
FY2015 1.76 1.62 0.00  3.10  6.67 
FY2014 2.43 2.91 2.41 1.94 10.43
FY2013 1.53 2.32 2.57 3.07 10.37
FY2012 2.77 0.78 3.20 4.38 11.82
FY2011 0.96 4.26 2.64 6.69 16.39
FY2010 0.24 0.00 1.72 5.87 9.65
FY2009 1.96 0.00 0.00 1.95 3.64
FY2008 0.85 1.16 0.41 14.34 16.91
FY2007 1.40 0.99 1.10 1.63 5.54
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributions. Source: Fidante Partners Services Limited.

Bentham Asset Backed Securities Fund

Financial Year Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD
FY2018 0.28 0.29 0.29 0.28 0.28 0.29 0.29 0.29 0.29 0.30     2.91
FY2017       0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.29  
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributions. Source: Fidante Partners Services Limited.

Bentham Global Opportunities Fund

Financial Year Sep Dec Mar Jun YTD
FY2018 0.30 0.55 0.49    1.39
FY2017       0.15  
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributions. Source: Fidante Partners Services Limited.

Bentham Global Income Fund - NZD

Financial Year Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD
FY2018 0.41 0.37   0.38  0.37 0.38  0.37 0.37   0.37 0.38  0.38      3.93
FY2017 0.42 0.41 0.41 0.42 0.41  0.42  0.40   0.42  0.41 0.41  0.41 2.39 7.56
FY2016 0.46 0.45 0.46 0.46 0.46  0.46  0.46 0.46 0.47 0.45 0.46 0.48 5.38
FY2015 0.52 0.51 0.53 0.52 0.48 0.52 0.51 0.53 0.52 0.52 0.52 0.43 6.20
FY2014       0.49 0.47 0.44 0.47 0.47 0.46 0.47 0.48 1.16 5.22
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributions. Source: Fidante Partners Limited. The inception of the fund is 30 September 2013

Bentham Syndicated Loan Fund - NZD

Financial Year Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun YTD
FY2018 0.46  0.41  0.42 0.43   0.42 0.42   0.42 0.42  0.42 0.42      4.34
FY2017 0.51 0.50 0.49  0.50   0.48 0.41   0.46 0.47  0.45  0.47   0.46  2.91  8.63
FY2016 0.51 0.48 0.47 0.48  0.48  0.46 0.46 0.43 0.45 0.43  0.42  1.14 6.14
FY2015 0.54 0.55 0.54 0.54 0.57 0.55 0.55 0.54 0.53 0.55 0.56 0.00 6.19
FY2014       0.51 0.51 0.51 0.51 0.51 0.51 0.52 0.52 5.62 10.04
*Calculated as the CPU distribution at month end divided by the ex-distribution NAV at the start of the month. Past distributions are no indication of future distributions. Source: Fidante Partners Limited. The inception of the fund is 30 September 2013