Aura Core Income Fund
Stable monthly income returns from a diversified portfolio of debt securities and SME loans.
7.35%-9.35%
Target Returns
0.69%
Management Fees
A$50 M
Aum
7.88%
Yield
10,377
No. of Investment
4
No. of Sectors
×
Aura Core Income Fund
The Aura Core Income Fund or ACIF was launched in September 2022 and is managed by Aura Credit Holdings Pty. Ltd. The fund provides funding to niche non-bank lenders that specialise in providing finance to small-to-medium businesses (SMEs) in Australia by way of warehouse financing structures. Within these facilities, which are tranched structures, the fund will typically rank the highest and lowest risks, and it will have a lesser portion of the total portfolio in the second rank, subordinated level of credit. (Source: Foresight Analytics & Rating report, June 2025)
Investment Objective
The fund aims to provide stable monthly income returns from a diversified portfolio of debt securities, including asset-backed SME loans, director-guaranteed SME loans, and senior and subordinated loans to non-bank lenders secured against a loan portfolio that provides regular income and capital stability. The fund may offer some protection against inflation as returns are earned from the interest generally charged at a floating rate above the RBA Cash Rate. The fund targets a return of 3.5% to 5.5% p.a. above the RBA Cash Rate net of fees paid to the Manager and fund expenses. Currently, the RBA Cash Rate is 3.85%, equating to a target return of 7.35% to 9.35% p.a. (Source: Aura Credit Holdings)
Key Features
The Aura Core Income Fund offers unique advantages for investors seeking steady returns
Deliver Stable Income
Provide monthly income returns of 3.5%–5.5% above the RBA Cash Rate (7.35%–9.35% p.a. at current rates), with low expected capital loss.
Support SME Growth
Fund high-quality non-bank SME lenders via structured warehouse facilities to address the funding gap in Australia's SME sector.
Preserve Capital Through Structure
Utilise multi-layered credit protections (e.g., equity notes, collateral buffers) and strict portfolio parameters to manage downside risk.
Optimise Portfolio Resilience
Maintain a diversified, floating-rate, short-duration loan portfolio to reduce interest rate and economic cycle risks, while enabling tactical asset allocation.
Performance Track Record
Data-driven investment decisions backed by comprehensive market analysis
| Period** | ACIF | Benchmark* | Excess |
|---|---|---|---|
| 1 month | 0.56% | 0.33% | +0.23% |
| 1 year | 7.88% | 4.44% | +3.44% |
| 3 years | n.a. | n.a. | n.a. |
| 5 years | n.a. | n.a. | n.a. |
| Since Inception | 7.41% | 4.07% | +3.34% |
**Returns greater than 1 year are annualised. *Fund Benchmark is 'RBA Cash Rate'. (Source: Aura Credit Holdings, Feb 2025)
Investment Details
| Feature | Aura Core Income Fund |
|---|---|
| Target Returns | 7.35% - 9.35% |
| Duration | Maximum is 24 months |
| Income Distribution | 3.5% to 5.5% p.a. above the RBA Cash Rate |
| Minimum Investment | $25,000 |
| Volatility | Low |
| Number Of Holdings | 10,377 |
| Distribution Yield | 7.88% |
| Inception Date | 4th October 2022 |
| Benchmark | RBA Cash Rate |
(Source: Aura Credit Holdings)
Aura Core Income Fund Strategy
A simple, transparent process that benefits both investors and businesses
1
Due Diligence Process
Aura carries out extensive due diligence on any potential online loan originator before it becomes an allowable platform to invest through.
2
Portfolio Diversification
Aura diversifies the portfolio with respect to business sector exposure and originator to minimize risk concentration.
3
Risk Management
The Manager has multiple levers to mitigate and tailor any given inherent risk profile: portfolio parameters, credit enhancement levels and structures.
4
Investment Selection
Through its own investment selection process and various layers of collateral protections to ensure optimal returns for investors.
Investment Expertise
An experienced team drives the investment strategy with extensive expertise in private credit
The investment process of the fund is carried out by a team of 5, who frequently interact with the Investment Committee (IC). Aura Group has a long history of investing via venture capital in the alternative finance space, including online lenders. In August 2023, Brian Ho was appointed Associate Director and is now, in effect, second in command after Brett Craig. This appointment has not only expanded resourcing and experience in the team but also mitigated key person risk. +
| Name | Role | Location | Years with Company | Years with Industry |
|---|---|---|---|---|
| Brett Craig | Portfolio Manager, Director | Sydney | 7.0 | 20.0 |
| Brian Ho | Associate Director | Sydney | 2.0 | 19.0 |
| Mina Rafla | Associate Director | Sydney | 0.5 | 9.0 |
| Natalie Kolenda | Investment Associate | Sydney | 7.0 | 7.0 |
| Jack Remond | Analyst | Sydney | 1.0 | 7.0 |
(Source: Aura Credit Holdings)
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