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
The Fund underperformed the benchmark by 5bps after fees for the month of June.
Contributors to performance (relative to the benchmark)
A key contributor to the Fund’s performance during June was the additional yield earned from the high quality investment grade securities held by the Fund. However the widening in credit spreads after Brexit, particularly the banks, detracted from the fund’s return.
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