Performance
We Seek Higher Returns with Lower Risk
Our objective is to outperform the Solactive Hybrid Index Benchmark (a portfolio of purely Hybrids) while investing a meaningful portion of the portfolio in higher ranking Senior and Subordinated Securities. The return objective is on a net return basis over a suggested 1-3+ year time frame.
Fund Performance
Financial Income Fund Strategy Net Performance (Incl. Franking Credits with Dividends Re-Invested)
(as at 30 September 2026)
| 1 Month | 3 | 6 | 1 | 3 Years | 5 Years | 10 Years | SI (Sep 15) | SI (Sep 15) | |
FINANCIAL INCOME FUND STRATEGY | 0.41% | 1.10% | 3.12% | 5.23% | 6.82% | 5.99% | 6.09% | 6.34% | |
Hybrid Benchmark (Solactive*) | 0.19% | 0.53% | 2.79% | 4.74% | 5.69% | 4.54% | 4.74% | 4.81% | +1.53% |
RBA Cash Rate | 0.36% | 1.09% | 2.17% | 4.07% | 4.21% | 3.35% | 2.17% | 2.14% | +4.20% |
*Solactive Australian Hybrid Index (Net)
Fund Performance – Monthly Returns
Financial Income Fund Strategy Net Performance (Incl. Franking Credits with Dividends Re-Invested)
(as at 30 September 2026)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | TOTAL* | Index* | |
| 2015 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.61% | -1.36% | -2.55% | -1.37% | 0.70% |
| 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% | 8.49% |
| 2017 | 1.03% | -1.50% | 1.85% | 1.27% | -1.11% | 0.18% | -0.15% | -0.12% | -1.69% | 0.70% | -0.11% | 0.54% | 6.99% | -6.23% |
| 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% | 3.46% |
| 2019 | 0.96% | -0.87% | 1.38% | 0.81% | 5.00% | 0.43% | 0.29% | -1.30% | -0.85% | -1.20% | -0.33% | 0.30% | 10.51% | 6.34% |
| 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% | 2.49% |
| 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% | 4.44% |
| 2022 | -0.52% | 0.18% | -0.26% | -0.06% | -0.06% | 0.07% | 0.24% | 0.77% | 0.67% | -0.14% | 0.79% | 1.07% | 2.77% | 2.80% |
| 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% | 3.37% |
| 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% | 6.88% |
| 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% | 4.73% |
| 2026 | 0.71% | 0.36% | -0.35% | 0.65% | 0.56% | 0.77% | 0.48% | 0.21% | 0.41% | – | – | – | 3.86% | 3.15% |
| TOTAL | 96.55% | 67.69% |
*Index refers to the Solactive Australian Hybrid Index (Net), and ‘Total’ figures represent compounded (cumulative) returns.
Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) |
| 1 Sept 26 | 2 Sept 26 | 14 Sept 26 | $0.036468 |
| 3 Aug 26 | 4 August 26 | 14 August 26 | $0.022500 |
| 1 July 26 | 2 July 26 | 14 July 26 | $0.109592 |
| 1 June 26 | 2 June 26 | 15 June 26 | $0.051804 |
| 1 May 26 | 4 May 26 | 14 May 26 | $0.025147 |
| 1 April 26 | 2 April 26 | 16 April 26 | $0.045852 |
| 2 March 26 | 3 March 26 | 13 March 26 | $0.029657 |
| 2 Feb 26 | 3 Feb 26 | 13 Feb 26 | $0.033074 |
| 2 Jan 26 | 5 Jan 26 | 15 Jan 26 | $0.050133 |
| 1 Dec 25 | 2 Dec 25 | 12 Dec 25 | $0.033777 |
*This distribution represents the first distribution since the listing of the SFIF ETF class on 13 October 2025.
Disclaimer: Figures to 30 September 2026. The performance table above represents The Financial Income Fund Strategy (“Strategy”). The Strategy commenced in September 2015 and has been continuously operated with identical investment parameters and processes by its portfolio manager, Nicholas Chaplin. The Strategy began in 2015 as the Paraclete Investment Fund until June 2022. The Financial Income Fund commenced in June 2022 operating under Evolution Trustees Limited as trustee. Investment management services were novated to Seed Funds Management Pty Ltd in March 2024. Accordingly, Seed Funds Management Pty Ltd receives a management fee for managing the Fund. Performance figures for the Strategy have been reviewed in accordance with ASRS 4400 “Agreed-Upon Procedures Engagements” by Hall Chadwick Corporate (NSW) Limited up to June 2024. Past performance is not indicative of future performance.