Altor AltFi Income Fund
30 April 2026
Performance Review
The Altor AltFi Income Fund has a track record of 8 years and 1 month and has outperformed the RBA Cash Rate + 5% benchmark since inception in April 2018, providing investors with an annualised return of 11.51% compared with the benchmark's return of 7.14% over the same period.
The Manager has delivered these returns with 2.16% more volatility than the benchmark, contributing to a Sharpe ratio which has consistently remained above 1 over the past five years and which currently sits at 3.32 since inception.
The Altor AltFi Income Fund rose by +0.86% in April, an outperformance of +0.11% compared with the RBA Cash Rate + 5% benchmark which rose by +0.75%. Over the past 12 months, the fund's best monthly return was +1.32% compared with the benchmark's best return of +0.75%, and its worst monthly return was +0.74% vs the benchmark's worst return over the same period of +0.69%.
Fund rank in Peergroups
| Fund | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 7 years | |
|---|---|---|---|---|---|---|---|---|
| Altor AltFi Income Fund | Performance: | 0.86% | 2.62% | 6.08% | 11.78% | 12.17% | 10.87% | 11.58% |
| Rank in Peer Group (out of 61): | 21 | 7 | 3 | 6 | 2 | 3 | 1 | |
| Peergroup - Private / Hybrid Credit | Performance: | 0.86% | 1.40% | 2.83% | 7.46% | 8.46% | 7.19% | 6.88% |
| Performance vs peergroup: | 0.00% | +1.23% | +3.25% | +4.32% | +3.70% | +3.68% | +4.70% | |
| Benchmark - RBA Cash Rate + 5% | Performance: | 0.75% | 2.24% | 4.39% | 8.83% | 9.11% | 8.01% | 7.27% |
| Performance vs benchmark (Alpha): | +0.11% | +0.38% | +1.69% | +2.95% | +3.06% | +2.86% | +4.31% | |
| Fund | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Altor AltFi Income Fund | Performance: | - | 8.56% | 9.24% | 18.04% | 9.54% | 8.44% | 15.03% | 9.39% | 10.91% | 3.98% |
| Rank in Peer Group (out of 62): | - | 5 | 8 | 2 | 10 | 5 | 4 | 25 | 7 | 3 | |
| Drawdown: | - | 0.00% | 0.00% | -0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Peergroup - Private / Hybrid Credit | Performance: | - | 2.58% | 7.36% | 5.36% | 7.37% | 2.80% | 9.40% | 9.84% | 7.54% | 1.70% |
| Performance vs peergroup: | - | +5.98% | +1.89% | +12.68% | +2.16% | +5.64% | +5.63% | -0.45% | +3.37% | +2.28% | |
| Benchmark - RBA Cash Rate + 5% | Performance: | 6.50% | 6.50% | 6.17% | 5.32% | 5.10% | 6.27% | 8.89% | 9.35% | 8.85% | 3.68% |
| Performance vs benchmark (Alpha): | - | +2.06% | +3.07% | +12.72% | +4.44% | +2.17% | +6.14% | +0.04% | +2.06% | +0.30% | |
Fund returns
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32 | 0.74 | 1.00 | 0.86 | NA | NA | NA | NA | NA | NA | NA | NA | 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 | NA | NA | NA | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 8.56 |
Only seven years of data shown. Click here to view all data.
General Notes
Annual Returns
Over the past 12 months, the fund has risen by +11.78% compared with the benchmark which has returned +8.79%, for a difference of +2.99%. Since inception in April 2018, the fund has returned +11.51% per annum, a difference of +4.37% relative to the benchmark which has returned +7.14% on an annualised basis over the same period.
Cumulative Returns
On a cumulative basis (assuming reinvestment of distributions), $100 invested since inception would have become $241. The same amount invested in the benchmark over the same period would have become $174.
Annual Returns %
Volatility and Risk
Annual Standard Deviation
The fund's returns over the past 12 months have been achieved with a volatility of 0.62% vs the index's 0.06%. The annualised volatility of the fund's returns since inception in April 2018 is 2.62% vs the index's 0.46%. Over all other periods, the fund's returns have been more volatile than the benchmark.
Sharpe Ratio
The fund's Sharpe ratio has ranged from a high of 11.59 for performance over the most recent 12 months to a low of 2.6 over the latest 36 months, and is 3.32 for performance since inception.
Annual Standard Deviation
Sharpe Ratio
Performance in Positive Markets
Since inception in April 2018 in the months where the market was positive, the fund has provided positive returns 99% of the time
Performance in Negative Markets
Given that the RBA Cash Rate + 5% benchmark hasn't had any negative months, it isn't possible to calculate a down-capture ratio for the fund.
Average Return in +ve Market %
Average Return in -ve Market %
Sortino Ratio
The fund has had too few negative returns returns over the past 12 months for a Sortino ratio to be calculated. The Sortino ratio differs from the Sharpe ratio in that it only considers the volatility of negative returns over a particular time period.
Drawdown
Over the past 12 months, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Since inception in April 2018, the fund's largest drawdown was -0.03%.
Sortino Ratio
Drawdown%
Quintile Ranking vs. Average Private / Hybrid Credit as of April 2026
The performance of the Altor AltFi Income Fund ranked it in the first quintile for all KPIs except Volatility and Sharpe over 3, 5 & 7 years, while over 1 year the fund ranked in the first or second quintile for all KPIs.
Over the past 12 months, the fund has risen by +11.78% compared with the peer group which has returned an average of +7.46%, for a difference of +4.32%.
The fund's returns over the past 12 months have been achieved with a volatility of 0.62% vs the peer group's average volatility of 0.87%. The annualised volatility of the fund's returns since inception in April 2018 is 2.62% vs the peer group's 2.26%. Over all other periods, the fund's volatility relative to the peer group has been varied.