About the XKAP ETF
The ActiveX Kapstream Absolute Return Income Fund (Managed Fund) is managed by Kapstream Capital with an innovative approach to fixed income, aiming to balance the interests of capital preservation with the generation of consistent and stable income, and unconstrained in sourcing the most compelling fixed income investment opportunities in Australia and around the world, according to Kapstream Capital’s global macroeconomic views. The Fund gains its exposure by investing in the Kapstream Absolute Return Income Fund (Underlying Fund).
XKAP ETF Performance Review
Year
5.67
Year
1.67
Year
Inception
2.47
Yield
Maturity
6.15
Data Current To: 31/12/2023
Our review of XKAP ETF
Fund aims to invest 85% or more in investment grade bonds and has an absolute return strategy
Listed on Cboe
Targets return of RBA cash rate plus 2-3%pa
Can invest in derivatives
Majority of the portfolio invested in floating rate investments
What we like about the XKAP ETF
Actively managed
More than 85% allocated to investment grade securities
Things to be aware of about the XKAP ETF
Overweight financials, which could exacerbate existing exposure to financials in your overall portfolio
Includes a small allocation to sub investment grade securities
Circa 45% allocation to financials as at 31 December 2023
Credit rating and sector information shown on a graph but specific breakdowns are not provided
Portfolio metrics only available in graph format
XKAP ETF Investment Strategy
The ActiveX Kapstream Absolute Return Income Fund is managed by Kapstream Capital and aims to balance the interests of capital preservation with the generation of consistent and stable income, and unconstrained in sourcing fixed income investment opportunities in Australia and around the world. The Fund gains its exposure by investing in the Kapstream Absolute Return Income Fund (Underlying Fund).
XKAP ETF Share Price
XKAP ETF Credit Quality
The average credit quality of the XKAP ETF is A-.
XKAP Frequently Asked Questions
What index does the XKAP ETF aim to replicate?
How often does XKAP ETF pay distributions?
When did the XKAP ETF start?
What are the net assets of the XKAP ETF?
What are the number of holdings in the XKAP ETF?
What are the management fees for the XKAP ETF?
How can I invest in the XKAP ETF?
Does the XKAP ETF have a minimum investment amount?
Are there any performance fees associated with the XKAP ETF?
XKAP ETF News
- PODCAST: Inflation & Central Banks with Mark Bayley – Portfolio Manager at Kapstream (November 10th, 2021)
About The Issuer Of The XKAP ETF: Fidante Partners Limited, Kapstream Capital
Kapstream manages A$17 billion from offices in Sydney and Newport Beach, California, mostly under the firms flagship global absolute return strategy. Since July 2015 Kapstream has operated as an autonomous ’boutique’ subsidiary, initially of Janus Capital Group and since their merger in May 2017 with Henderson Global Investors.
