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Antares Income Fund Monthly Investment Report April 2016

Investment return objective
The Antares Income Fund aims to provide investors with a regular income and a return (after fees) that exceeds the Bloomberg AusBond Bank Bill Index over rolling three year periods.

Highlights for the month
Performance
The Fund outperformed the benchmark by 10bps after fees for the month of April.

Contributors to performance (relative to the benchmark)
A key contributor to the Fund’s out performance during April was the additional yield earned from the high quality investment grade securities held by the Fund.

The fund also benefited from further compression in credit spreads.

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