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Antares Income Fund - Monthly Investment Report August 2017


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 9bps after fees for the month of  August.

Contributors to performance (relative to the benchmark)
A solid contributor to the Fund’s excess return was the additional yield earned from the high quality investment grade securities held by the Fund. Credit spreads tightened 2-6bp, particularly the banks, which added to the excess return.

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