DRAFT
Fund Review
Arculus Preferred Income Fund
Performance as at Aug 2026
Arculus Funds Management Pty Limited, launched in 2013 and rebranded in Q3 2022, specialises in Australian Fixed Income Mandates with a focus on capital preservation. It avoids performance fees to minimise risk and partners with advisers for long-term engagement. The firm upholds the 4 eyes principle, ensuring independence among roles to maintain fund integrity. Director and Head of Portfolio Management Renny Ellis, CEO Sunetha Parag, and Head of Risk & Operations Gary Tapp provide significant industry expertise.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 3.67% | 5.43% | 3.96% | 3.81% | 4.49% |
| Peer Group1 | 3.60% | 5.13% | 2.95% | 2.79% | 4.81% | |
| Index2 | 0.80% | 3.54% | 0.51% | 0.82% | 4.14% | |
| Volatility | Fund | 1.45% | 1.26% | 1.73% | 2.88% | 3.72% |
| Peer Group1 | 1.34% | 1.70% | 2.41% | 2.44% | 2.08% | |
| Index2 | 2.47% | 3.26% | 4.47% | 4.05% | 3.07% | |
| 1Australian Bonds / Diversified Fixed Interest, 2Bloomberg AusBond Composite 0-10 Yr Index, 3Annualised, 4Oct 2004 | ||||||
Strategy Description
The Arculus Preferred Income Fund is a domestic fixed income fund investing in Australian government and semi-government bonds, corporate senior and subordinated bonds, ASX-listed hybrids, and cash. It aims to deliver returns above cash and traditional debt securities by targeting the 90-day Bank Bill Swap Rate plus 350 basis points through income distribution and capital growth. The fund avoids leverage, offshore currency, and structured credit, and may invest up to 30% in non-investment grade assets. It is suitable for investors looking for a medium-risk investment over a three to five-year period.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | DDH0001AU | Status: | Open |
| Peer Group: | Australian Bonds / Diversified Fixed Interest | Inception Date: | Oct 2004 |
| Strategy: | Fixed Income | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Retail | Distributions: | Quarterly |
| Fund Size: | AU$ 100.48m | Manager FUM: | AU$ 1,200m |
| Applications: | Daily, Initial: AU$ 2,000 | Redemptions: | |
| Management Fee: | 0.82% (PG avg: 0.50%) | Performance Fee: | 0.00% (PG avg: 4.31%) |
| Buy/Sell Spread: | 0.15%/0.15% (PG avg: 0.05%/0.07%) | Hurdle: | N/A |
| Early Redemption Fee | No | High Water Mark: | N/A |
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Arculus Preferred Income Fund
Performance vs Australian Bonds / Diversified Fixed Interest and Bloomberg AusBond Composite 0-10 Yr Index
Since Oct 2004, the Fund has returned 4.49% p.a. vs the Peer Group's return of 4.81%. Over the past 12 months, the Fund has returned 3.67% vs the Peer Group's 3.6%. For the 3, 5, and 7 year periods, the Fund has returned 5.43%, 3.96%, and 3.81% respectively vs the Peer Group's returns of 5.13%, 2.95%, and 2.79% respectively. Since Oct 2004, the Fund's returns have been delivered with a volatility of 3.72% p.a. vs the Peer Group's 2.08%.
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 | 0.35 | 0.28 | -0.32 | 1.05 | 0.70 | 0.22 | 0.69 | 0.27 | NA | NA | NA | NA | 3.28 |
| 2025 | 0.26 | 0.55 | 0.38 | 0.59 | 0.13 | 0.31 | 0.49 | 0.66 | 0.23 | 0.50 | 0.24 | -0.59 | 3.81 |
| 2024 | 0.30 | 0.44 | 0.61 | 0.38 | 0.52 | -0.10 | 1.11 | 0.53 | 1.07 | 0.51 | 0.42 | 0.33 | 6.29 |
| 2023 | 0.89 | 0.43 | -0.01 | 0.90 | -0.69 | 0.54 | 0.71 | 0.60 | 0.43 | 0.37 | 0.59 | 1.41 | 6.33 |
| 2022 | -0.47 | -0.53 | -0.50 | -0.57 | -0.73 | -1.06 | 0.81 | 0.79 | -0.33 | 0.47 | 0.84 | 0.80 | -0.51 |
| 2021 | 0.96 | 0.56 | 0.34 | 0.49 | 0.55 | 0.09 | 0.26 | 0.22 | 0.21 | -0.22 | 0.53 | 0.19 | 4.26 |
| 2020 | 0.70 | -0.10 | -5.50 | 2.74 | 1.31 | 0.78 | 0.63 | 0.73 | 0.30 | -0.35 | 0.22 | 1.10 | 2.37 |
| 2019 | 0.48 | 0.54 | 0.68 | 0.50 | 0.28 | 0.18 | 1.04 | 0.27 | 0.09 | 0.35 | 0.13 | 0.43 | 5.08 |
| 2018 | 0.40 | 0.35 | -0.29 | 0.42 | 0.03 | 0.45 | 0.54 | 0.35 | 0.73 | 0.44 | -0.20 | 0.38 | 3.65 |
| 2017 | 0.42 | 0.35 | 0.69 | 0.34 | 0.65 | 0.27 | 0.73 | 0.27 | 0.21 | 0.40 | 0.71 | 0.59 | 5.78 |
| 2016 | -1.79 | -0.92 | 1.29 | 1.44 | 0.87 | 1.15 | 1.15 | 0.96 | 0.11 | 0.22 | 0.58 | 2.58 | 7.84 |
| 2015 | -0.04 | 0.82 | 0.16 | 0.26 | -0.25 | -1.15 | 1.23 | -1.26 | -0.49 | 0.60 | -0.96 | 0.65 | -0.47 |
| 2014 | 0.21 | 0.59 | 0.95 | 0.52 | 1.22 | 1.12 | 0.88 | 0.14 | -0.70 | 0.32 | 0.43 | 0.46 | 6.30 |
| 2013 | 0.41 | 0.05 | 1.18 | 0.61 | 0.29 | -0.12 | 0.69 | 1.02 | 1.20 | 0.65 | 0.00 | 1.15 | 7.35 |
| 2012 | 0.32 | -0.41 | 1.05 | 1.06 | -0.05 | 0.53 | 1.07 | 0.36 | 1.58 | 1.70 | 0.84 | 1.43 | 9.88 |
| 2011 | 0.60 | 0.00 | 0.78 | 1.20 | 0.61 | 1.03 | 0.38 | -0.38 | 1.15 | 0.78 | 0.56 | 1.53 | 8.54 |
| 2010 | 0.78 | 0.22 | 0.24 | 0.56 | -0.64 | 0.40 | 0.81 | 0.44 | 0.54 | 0.63 | 0.51 | 0.69 | 5.30 |
| 2009 | 2.79 | -3.37 | 0.43 | 3.25 | 1.50 | 1.76 | 3.13 | 1.30 | 2.03 | 1.12 | 0.19 | 0.84 | 15.84 |
| 2008 | -5.62 | -4.62 | -1.75 | 4.29 | 0.54 | -2.07 | 1.14 | 0.32 | -2.88 | -3.69 | -4.64 | 1.31 | -16.73 |
| 2007 | 0.42 | 0.49 | 0.80 | 0.56 | 0.67 | 0.38 | -0.27 | -0.74 | 1.55 | 0.42 | -1.55 | -1.19 | 1.51 |
| 2006 | 0.76 | 1.03 | 0.59 | 0.16 | 0.51 | 0.28 | -0.26 | 0.64 | 1.03 | 0.49 | 0.74 | 1.36 | 7.57 |
| 2005 | 1.05 | -0.15 | 0.45 | 0.36 | 0.37 | 1.34 | 1.13 | 0.37 | 0.32 | 0.17 | 0.48 | 1.05 | 7.15 |
| 2004 | NA | NA | NA | NA | NA | NA | NA | NA | NA | 0.26 | 0.72 | 0.81 | 1.80 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 3.67% | 5.43% | 3.96% | 3.81% | 4.49% |
| Peer Group | 3.60% | 5.13% | 2.95% | 2.79% | 4.81% | |
| Index2 | 0.80% | 3.54% | 0.51% | 0.82% | 4.14% | |
| Volatility | Fund | 1.45% | 1.26% | 1.73% | 2.88% | 3.72% |
| Peer Group | 1.34% | 1.70% | 2.41% | 2.44% | 2.08% | |
| Index | 2.47% | 3.26% | 4.47% | 4.05% | 3.07% | |
| Sharpe | Fund | -0.20 | 1.02 | 0.46 | 0.50 | 0.34 |
| Peer Group | -0.26 | 0.57 | -0.11 | 0.18 | 0.74 | |
| Index | -1.26 | -0.16 | -0.59 | -0.37 | 0.31 | |
| Sortino | Fund | -0.26 | 1.76 | 0.65 | 0.60 | 0.39 |
| Peer Group | -0.32 | 0.87 | -0.17 | 0.22 | 1.06 | |
| Index | -1.39 | -0.23 | -0.76 | -0.49 | 0.42 | |
| Largest Drawdown | Fund | -0.59% | -0.59% | -3.80% | -5.59% | -20.05% |
| Peer Group | -0.67% | -0.67% | -5.37% | -5.85% | -5.85% | |
| Index | -1.57% | -1.59% | -9.67% | -10.66% | -10.66% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Arculus Preferred Income Fund - Annualised Return vs. Standard Deviation
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Arculus Preferred Income Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | DDH Graham Limited |
| Custodian: | DDH Graham Limited |
| Administrator: | DDH Graham Limited |
| Auditor: | Crowe Audit Australia |
| Legal: | Appointed by DDH Graham Ltd as RE |
| Prime Broker: | Various |
Available on Investment Platforms
BT Panorama, HUB24, Macquarie Wrap, Netwealth, Praemium
Key Staff
Renny Ellis
Director & Head of Portfolio Management
Years in industry: 40, Years at Firm: 14
Sunetha Parag
CEO
Years in industry: 13, Years at Firm: 13
Gary Tapp
Head of Risk & Operations
Years in industry: 47, Years at Firm: 12
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
This report is produced and owned by Australian Fund Monitors Pty Ltd and the contents are Copyright 2025. Distribution is limited to those parties with a current Distribution Licence.
Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.