DRAFT
Fund Review
Seed Financial Income Fund Active ETF (ASX:SFIF)
Performance as at Jun 2026
Seed Funds Management is a specialist fixed-income fund manager centred on Australian financial issuance. Its flagship strategy, the Hybrid Income Fund, targets strong risk-adjusted yields by investing in Hybrid, Senior, and Subordinated financial debt. Established by Nicholas Chaplin in 2015, the fund has outperformed the hybrid equity index. Chaplin, serving as Director and Senior Portfolio Manager, is joined by Christopher Donohoe as Chief Executive Officer and Tony Kench as Chair of the Risk and Investment Committee.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 6.78% | 7.25% | 5.92% | 5.25% | 6.38% |
| Peer Group1 | 4.58% | 5.54% | 3.17% | 3.06% | 3.51% | |
| Index2 | 5.88% | 5.91% | 4.44% | 4.12% | 4.88% | |
| Volatility | Fund | 1.42% | 1.28% | 1.43% | 6.38% | 5.80% |
| Peer Group1 | 1.33% | 1.64% | 2.33% | 2.40% | 2.07% | |
| Index2 | 1.50% | 1.81% | 2.41% | 3.76% | 3.34% | |
| 1Australian Bonds / Diversified Fixed Interest, 2Solactive Australian Hybrid Securities Index (Net), 3Annualised, 4Sep 2015 | ||||||
Strategy Description
The Seed Financial Income Fund Active ETF provides ASX access to the Seed Financial Income Fund Unit Trust, investing mainly in debt and hybrid securities like subordinated notes and convertible preference shares. These securities, which can be listed on the ASX or traded OTC, combine features of debt and equity and rank differently among financial instruments. The fund's strategy, initiated in 2015, has evolved through different management stages and retains its focus on hybrid securities under Seed Funds Management. Performance includes net fees and Franking Credits. The strategy aims for income generation through diversified hybrid security investments.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | EVO4781AU | Status: | Open |
| Peer Group: | Australian Bonds / Diversified Fixed Interest | Inception Date: | Sep 2015 |
| Strategy: | Fixed Income | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Retail | Distributions: | Monthly |
| Fund Size: | AU$ 87.31m | Manager FUM: | AU$ 1,506m |
| Applications: | Daily, Initial: AU$ 1 | Redemptions: | Daily |
| Management Fee: | 0.55% (PG avg: 0.51%) | Performance Fee: | 0.00% (PG avg: 4.24%) |
| Buy/Sell Spread: | 0%/0.1% (PG avg: 0.05%/0.07%) | Hurdle: | N/A |
| Early Redemption Fee | No | High Water Mark: | N/A |
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Seed Financial Income Fund Active ETF (ASX:SFIF)
Performance vs Australian Bonds / Diversified Fixed Interest and Solactive Australian Hybrid Securities Index (Net)
Since Oct 2015, the Fund has returned 6.38% p.a. vs the Peer Group's return over the same period of 3.51%. Over the past 12 months, the Fund has returned 6.78% vs the Peer Group's 4.58%. For the 3, 5 and 7 year periods, the Fund has returned 7.25%, 5.92% and 5.25% respectively vs the Peer Group's returns of 5.54%, 3.17% and 3.06% respectively. The Fund's returns have been delivered with a volatility of 5.8% p.a. vs the Peer Group's 2.07%.
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 | 0.71 | 0.36 | -0.35 | 0.65 | 0.56 | 0.77 | NA | NA | NA | NA | NA | NA | 2.73 |
| 2025 | 0.46 | 0.69 | 0.02 | -0.47 | 0.90 | 0.49 | 1.19 | 0.74 | 0.63 | 0.80 | -0.19 | 0.71 | 6.14 |
| 2024 | 0.45 | 0.75 | 0.72 | 0.84 | 0.40 | 0.61 | 0.98 | 0.28 | 0.76 | 0.97 | 0.41 | 0.76 | 8.23 |
| 2023 | 0.59 | 0.59 | 0.08 | 0.41 | 0.17 | 0.63 | 1.09 | 0.62 | 0.58 | 0.23 | 0.89 | 1.03 | 7.12 |
| 2022 | -0.52 | 0.18 | -0.26 | -0.06 | -0.06 | 0.07 | 0.24 | 0.76 | 0.67 | -0.14 | 0.79 | 1.07 | 2.77 |
| 2021 | 1.16 | 0.58 | 0.08 | 0.99 | -0.30 | 1.18 | 0.04 | 0.11 | 0.58 | 0.73 | -0.07 | 1.18 | 6.45 |
| 2020 | 0.69 | -2.93 | -12.46 | 9.44 | 2.22 | 2.29 | 0.36 | 1.63 | 0.63 | -0.02 | -0.01 | 1.78 | 2.27 |
| 2019 | 0.96 | -0.87 | 1.38 | 0.81 | 1.72 | 5.00 | 0.43 | 0.29 | 1.30 | -0.85 | -0.33 | 0.30 | 10.51 |
| 2018 | 0.38 | -0.32 | -1.22 | 0.91 | 0.01 | 0.98 | 1.40 | 0.77 | -0.40 | -1.20 | -0.14 | 0.79 | 1.96 |
| 2017 | 1.03 | -1.50 | 1.85 | 1.27 | 1.11 | 0.18 | -0.15 | -0.12 | 1.69 | 0.70 | 0.11 | 0.64 | 6.99 |
| 2016 | -0.23 | 0.71 | 2.85 | 0.27 | 1.39 | 0.18 | 2.45 | 1.10 | 1.23 | 1.83 | 0.99 | 1.88 | 15.60 |
| 2015 | NA | NA | NA | NA | NA | NA | NA | NA | NA | 2.61 | -1.36 | -2.55 | -1.37 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 6.78% | 7.25% | 5.92% | 5.25% | 6.38% |
| Peer Group | 4.58% | 5.54% | 3.17% | 3.06% | 3.51% | |
| Index2 | 5.88% | 5.91% | 4.44% | 4.12% | 4.88% | |
| Volatility | Fund | 1.42% | 1.28% | 1.43% | 6.38% | 5.80% |
| Peer Group | 1.33% | 1.64% | 2.33% | 2.40% | 2.07% | |
| Index | 1.50% | 1.81% | 2.41% | 3.76% | 3.34% | |
| Sharpe | Fund | 1.95 | 2.34 | 2.07 | 0.48 | 0.75 |
| Peer Group | 0.52 | 0.85 | 0.05 | 0.33 | 0.72 | |
| Index | 1.30 | 0.96 | 0.57 | 0.49 | 0.84 | |
| Sortino | Fund | 3.31 | 4.25 | 4.27 | 0.58 | 1.00 |
| Peer Group | 0.65 | 1.32 | 0.06 | 0.43 | 1.02 | |
| Index | 2.64 | 1.63 | 0.84 | 0.63 | 1.16 | |
| Largest Drawdown | Fund | -0.35% | -0.47% | -0.71% | -15.18% | -15.18% |
| Peer Group | -0.64% | -0.74% | -5.55% | -5.55% | -5.55% | |
| Index | -0.25% | -0.73% | -2.66% | -7.87% | -7.87% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Seed Financial Income Fund Active ETF (ASX:SFIF) - Annualised Return vs. Standard Deviation
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Seed Financial Income Fund Active ETF (ASX:SFIF)
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Evolution Trustees Limited |
| Custodian: | Apex Fund Services Pty Ltd |
| Administrator: | Apex Fund Services Pty Ltd |
| Auditor: | Deloitte Touche Tohmatsu |
| Legal: | Mont Lawyers |
| Prime Broker: | N/A |
Available on Investment Platforms
HUB24, Netwealth, Praemium
Key Staff
Nicholas Chaplin
Director and Senior Portfolio Manager
Years in industry: 38, Years at Firm: 3
Christopher Donohoe
Chief Executive Officer
Years in industry: 34, Years at Firm: 12
Graham Hook
Head of Compliance
Years in industry: 40, Years at Firm: 1
Tony Kench
Chair of Risk and Investment Committee
Years in industry: 40, Years at Firm: 3
Ned Silva
Portfolio Analyst
Years in industry: 7, Years at Firm: 2
Joshua McMenamin
Portfolio Analyst
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
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.