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Printed: 20 September 2026 11:58 PM

23 Oct 2015 - Laminar Credit Opportunities Fund

By: Australian Fund Monitors
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Report Date20 October 2015
ManagerLaminar Group
Fund NameLaminar Credit Opportunities Fund
StrategyFixed Income
Latest Return DateSeptember 2015
Latest Return0.627%
Latest 6 Months3.58%
Latest 12 Months7.42%
Latest 24 Months17.68%
Annualised Since Inception18.27%
Inception Date31 October 2009
FUM (millions)AU$62
Fund OverviewThe aim of the fund is to identify opportunities in the fixed income credit markets. The Fund invests in a full spectrum of fixed income products that includes but is not limited to: corporate bonds,; bank debt; credit derivatives; bank loans;commercial paper;hybrid securities; and mortgage-backed and asset-backed securities.

The Fund may also invest in derivatives for hedging purposes.

The portfolio of the Fund comprises primarily Investment Grade holding of 75% of the Fund's assets. Benchmark allocations are Australasia 50% to 100%, North America 0% to 50% and Europe 0% to 50%. Currency hedging may take place depending on benefits to the Fund.
Manager CommentsThe Laminar Credit Opportunities Fund rose 0.63% over the month of September and has delivered 7.42% over the past 12 months. Since inception, the Fund has an annualised return of 18.27% p.a (RBA Cash Rate Index 3.41% p.a), to give notable Sharpe and Sortino Ratio of 1.92 and 18.99 respectively.

The Fund continued to show stability in September amidst the volatility in other markets, returning 62 basis points. Majority of the Fund's portfolio composition was in Residential Mortgage Backed Securities (RMBS) at 66%, followed by Short-dated loans at 22%.

Click on the link below to read the latest Fund Manager's Report.
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