DRAFT
Fund Review
Altor AltFi Income Fund
Performance as at May 2026
Altor Capital, an alternative asset manager, focuses on protecting and growing investors' assets through strategies aimed at delivering a superior risk-return profile compared to traditional asset classes. It offers investment solutions across various funds and is wholly owned by Prime Financial Limited (PFG.ASX). Founders Benjamin Harrison and Harley Dalton lead the firm as Chief Investment Officer and Head of Distribution, respectively, utilising their substantial industry experience.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 11.85% | 12.21% | 10.89% | 11.60% | 11.50% |
| Peer Group1 | 6.51% | 8.32% | 7.07% | 6.82% | 6.66% | |
| Index2 | 8.83% | 9.11% | 8.01% | 7.27% | 7.16% | |
| Volatility | Fund | 0.61% | 2.91% | 2.34% | 2.81% | 2.61% |
| Peer Group1 | 0.77% | 0.79% | 1.14% | 2.38% | 2.25% | |
| Index2 | 0.07% | 0.07% | 0.44% | 0.49% | 0.46% | |
| 1Private / Hybrid Credit, 2RBA Cash Rate + 5%, 3Annualised, 4Apr 2018 | ||||||
Strategy Description
The Altor AltFi Income Fund primarily manages private credit investment opportunities in the SME market through a portfolio of private credit instruments within select small to medium enterprises. Investors receive quarterly cash distributions and potential upside from equity exposure attached to certain debt investments. The fund does not extend credit to property or property-linked investments and is managed by Altor Credit Partners, with the investment committee consisting of Harley Dalton and Ben Harrison.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | ALP8437AU | Status: | Open |
| Peer Group: | Private / Hybrid Credit | Inception Date: | Apr 2018 |
| Strategy: | Credit | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Quarterly |
| Fund Size: | AU$ 105.6m | Manager FUM: | AU$ 130m |
| Applications: | Monthly, Initial: AU$ 100,000 | Redemptions: | Quarterly |
| Management Fee: | 1.50% (PG avg: 0.91%) | Performance Fee: | 10.00% (PG avg: 8.06%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.09%/0.07%) | Hurdle: | RBA Cash Rate + 6% |
| Early Redemption Fee | Yes | High Water Mark: | Yes |
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Altor AltFi Income Fund
Performance vs Private / Hybrid Credit and RBA Cash Rate + 5%
Since inception in Apr 2018, the Fund has returned 11.5% p.a., outperforming the Peer Group, which has returned 6.66% over the same period. Over the past 12 months, the Fund has returned 11.85% vs the Peer Group's 6.51%. For the 3, 5 and 7-year periods, the Fund has returned 12.21%, 10.89% and 11.6% respectively vs the Peer Group's returns of 8.32%, 7.07% and 6.82% respectively. The Fund's returns have been delivered with a volatility of 2.61% p.a. vs the Peer Group's 2.25%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32 | 0.74 | 1.00 | 0.86 | 0.83 | NA | NA | NA | NA | NA | NA | NA | 4.84 |
| 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 | NA | NA | NA | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 8.56 |
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.
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 11.85% | 12.21% | 10.89% | 11.60% | 11.50% |
| Peer Group | 6.51% | 8.32% | 7.07% | 6.82% | 6.66% | |
| Index2 | 8.83% | 9.11% | 8.01% | 7.27% | 7.16% | |
| Volatility | Fund | 0.61% | 2.91% | 2.34% | 2.81% | 2.61% |
| Peer Group | 0.77% | 0.79% | 1.14% | 2.38% | 2.25% | |
| Index | 0.07% | 0.07% | 0.44% | 0.49% | 0.46% | |
| Sharpe | Fund | 11.71 | 2.61 | 3.21 | 3.08 | 3.33 |
| Peer Group | 3.39 | 5.28 | 3.80 | 1.86 | 1.95 | |
| Index | 1,444.30 | 1,438.50 | 241.67 | 218.57 | 233.35 | |
| Sortino | Fund | N/A | N/A | N/A | 381.45 | 412.95 |
| Peer Group | 8.22 | 20.83 | 9.66 | 2.36 | 2.50 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | 0.00% | 0.00% | 0.00% | -0.03% | -0.03% |
| Peer Group | 0.00% | 0.00% | -0.86% | -4.94% | -4.94% | |
| Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Altor AltFi Income Fund - Annualised Return vs. Standard Deviation
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Altor AltFi Income Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Altor Capital Management |
| Custodian: | Internal |
| Administrator: | XCEND |
| Auditor: | N/A |
| Legal: | Talbot Sayer / Hopgood Ganim / Hamilton Locke |
| Prime Broker: | N/A |
Available on Investment Platforms
BT Panorama, FNZ, HUB24, Macquarie Wrap, Netwealth, OLIVIA123
Key Staff
Benjamin Harrison
Founder and Chief Investment Officer
Years in industry: 22, Years at Firm: 9
Harley Dalton
Founder and Head of Distribution
Years in industry: 34, Years at Firm: 9
Mark Tickle
General Manager and Investment Director
Years in industry: 17, Years at Firm: 2
Tom Cochrane
Associate Portfolio Manager
Years in industry: 9, Years at Firm: 7
Alexander Lusis
Investment Analyst
Years in industry: 3, Years at Firm: 1
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
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Disclaimer
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