AFM Fund Profile — Altor AltFi Income Fund

Fund & Manager Details

Key Facts

Fund Type: Single Discretionary/Quantitative: Discretionary
Strategy: Credit FUM (millions): AU$107.16m
Style: N/A Fund Inception Date: Since 01 April 2018
Geographic Mandate: Australia Latest Return Date: April 2026
Fund Domicile: Australia Investor Type: Wholesale
Status: Open Reporting Status: Pending

Manager Details and Fund Description

Manager: Altor Capital Total FUM for all funds: AU$130m
Manager Overview:
Altor Capital is an alternative asset manager with an investment philosophy focused on protecting and growing their investors' assets through strategies designed to deliver a superior risk-return profile than traditional asset classes. Altor Capital offer investment solutions across private equity, fixed income, micro-cap and real asset funds. Altor Capital is 100% owned by advice, capital and asset management group, Prime Financial Limited (PFG.ASX).
 Fund/Strategy Overview:
The Altor AltFi Income Fund is predominately focused on the active management of private credit investment opportunities in the SME market. The Fund invests via a portfolio of private credit instruments (loans) across a selected group of small to medium enterprises. Investors receive quarterly cash distributions, and gain further upside through free attaching equity exposure on selected debt investments the Fund makes. The Fund does not provide credit facilities to property or property linked investments.

The fund is managed by Altor Credit Partners. The investment committee comprises Harley Dalton and Ben Harrison.
Other funds operated by manager:
Altor Emerging Growth Fund

Investment Details

Investment Terms

Minimum Investment: Minimum Additional Investment: Minimum Term: Investment Frequency:
AU$100,000 AU$10,000 Monthly
Regular Savings Option: Regular Savings Min. Amount: Regular Savings Max. Amount: Regular Savings Freq.:
No N/A 
Redemption Notice: Redemption Frequency: Notes:
60 Days Quarterly
Distributions: Distribution Frequency: Last Distribution Date: Last Distribution Amount:
Yes Quarterly AU$

Structure

Offshore/Onshore: Fund Structure: Share Classes: Trustee/Responsible Entity:
Onshore Unit Trust AU$ Altor Capital Management
Administrator: Prime Broker: Custodian: Legal:
XCEND N/A Internal Talbot Sayer / Hopgood Ganim / Hamilton Locke

Fund Fees

Management Fee: Performance Fee: High Water Mark: Hurdle:
1.5% 10% Yes RBA Cash Rate + 6%
Buy Spread: Sell spread: Early Redemption Fee: Fees Notes:
0.000% 0.000% Yes

2% early redemption fee for redempti...

Performance & Risk

Returns

Latest Return Date: Latest Result: Fund Inception Date: Annualised Return:
April 2026 0.86% 01 April 2018 11.51%
Latest 3 Months: Latest 6 Months: Latest 12 Months: Latest 2 Years p.a.:
2.62% 6.08% 11.78% 10.57%
Latest 3 Years p.a.: Latest 4 Years p.a.: Latest 5 Years p.a.: Latest 7 Years p.a.:
12.17% 11.30% 10.87% 11.58%

Performance Statistics

% Positive Months (S.I.): Average Return: Average +ve Return: Average -ve Return:
98.97% 0.92% 0.92% -0.03%
Best Month: Worst Month: Up Capture Ratio (S.I.): Down Capture Ratio (S.I.):
5.85% -0.03% 189.33% 0.00%
Largest Drawdown (S.I.): Longest Drawdown (S.I.): Current Drawdown (%): Current Drawdown (Months):
-0.03% 1 months 0.00% N/A

Risk

Annualised Standard Deviation (S.I.): Downside Deviation (S.I.): Sortino Ratio (S.I.): -
2.62% 0.02% 412.33 -
Sharpe Ratio (12 months): Sharpe Ratio (3 years): Sharpe Ratio (5 years): Sharpe Ratio (S.I.):
11.59 2.60 3.23 3.32
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate

Ranking, Research & Availability

Fund Quintile in its Peer Group (Private / Hybrid Credit) as at April 2026

AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Altor AltFi Income Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.

As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.

1 Year
3 Year
5 Year
7 Year
Altor AltFi Income Fund
RBA Cash Rate + 5%

External Research and Ratings: As reported by each Fund Manager.

FundMonitors FACTORS: Approved, November 2022

Availability:As reported by each Fund Manager.

Available on Investment Platforms:
OLIVIA123, HUB24, Macquarie Wrap, Netwealth, Powerwrap, BT Panorama, Ausmaq, FNZ

News & Insights

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Performance Report: Altor AltFi Income Fund
22 May 2026 - FundMonitors.com
The Altor AltFi Income Fund rose by +0.86% in April, outperforming the RBA Cash Rate + 5% benchmark by +0.11%. Since its inception in April 2018, the fund has returned +11.51% per annum, an outperformance of +4.40% relative to the benchmark which has returned +7.14% on an annualised basis over the same period.
Read more...
Manager Insights | Altor Capital
4 May 2026 - FundMonitors and Altor Capital
Chris Gosselin, CEO of FundMonitors.com, speaks with Benjamin Harrison, Chief Investment Officer at Altor Capital.
Read more...
Performance Report: Altor AltFi Income Fund
29 Apr 2026 - FundMonitors.com
The Altor AltFi Income Fund rose by +1.00% in March, outperforming the RBA Cash Rate + 5% benchmark by +0.27%. Since inception in April 2018, the fund has returned +11.52% per annum, an outperformance of +4.40% relative to the benchmark which has returned +7.12% on an annualised basis over the same period.
Read more...
Performance Report: Altor AltFi Income Fund
12 Mar 2026 - FundMonitors.com
The Altor AltFi Income Fund rose by +0.74% in February, outperforming the RBA Cash Rate + 5% benchmark by +0.03%. Since its inception in April 2018, the fund has returned +11.51% per annum, an outperformance of +4.41% relative to the benchmark, which has returned +7.10% on an annualised basis over the same period.
Read more...

Fund Documents

Manager's Report

Product disclosure/IM



Fund Performance

Historical Performance (all figures shown here are net of fees unless otherwise stated)

Year Jan % Feb % Mar % Apr % May % Jun % Jul % Aug % Sep % Oct % Nov % Dec % YTD %
2026 1.32 0.74 1.00 0.86 N/R N/R N/R N/R N/R N/R N/R N/R 3.98
2025 0.78 0.65 0.76 0.94 0.77 0.83 0.81 0.93 0.82 1.10 0.80 1.21 10.91
2024 0.87 0.79 0.75 0.74 0.69 0.82 0.77 0.63 0.75 0.72 0.72 0.76 9.39
2023 0.74 0.62 0.73 0.71 0.71 0.62 0.70 0.63 0.93 0.80 1.16 5.85 15.03
2022 0.50 0.65 0.83 0.55 0.62 0.94 0.71 0.73 0.64 0.62 0.59 0.75 8.44
2021 0.90 0.69 0.66 0.61 0.72 0.60 0.76 0.85 0.51 0.62 0.61 1.60 9.54
2020 0.90 0.59 -0.03 0.37 0.75 2.25 1.00 0.84 5.46 1.51 0.51 2.66 18.04
2019 0.83 0.83 0.83 0.70 0.70 0.70 0.72 0.67 0.71 0.65 0.84 0.70 9.24
2018 N/R N/R N/R 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 8.56

Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)

Year Jul % Aug % Sep % Oct % Nov % Dec % Jan % Feb % Mar % Apr % May % Jun % FYTD %
2025/2026 0.81 0.93 0.82 1.10 0.80 1.21 1.32 0.74 1.00 0.86 N/A N/A 10.01
2024/2025 0.77 0.63 0.75 0.72 0.72 0.76 0.78 0.65 0.76 0.94 0.77 0.83 9.47
2023/2024 0.70 0.63 0.93 0.80 1.16 5.85 0.87 0.79 0.75 0.74 0.69 0.82 15.64
2022/2023 0.71 0.73 0.64 0.62 0.59 0.75 0.74 0.62 0.73 0.71 0.71 0.62 8.49
2021/2022 0.76 0.85 0.51 0.62 0.61 1.60 0.50 0.65 0.83 0.55 0.62 0.94 9.42
2020/2021 1.00 0.84 5.46 1.51 0.51 2.66 0.90 0.69 0.66 0.61 0.72 0.60 17.29
2019/2020 0.72 0.67 0.71 0.65 0.84 0.70 0.90 0.59 -0.03 0.37 0.75 2.25 9.51
2018/2019 0.92 0.92 0.92 0.92 0.92 0.92 0.83 0.83 0.83 0.70 0.70 0.70 10.57
2017/2018 N/A N/A N/A N/A N/A N/A N/A N/A N/A 0.92 0.92 0.92 2.78

General Notes

The Altor AltFi Income Fund specialises in a diversified portfolio of private credit to SMEs with a target distribution of 10% p.a. paid quarterly.