A better home
for your capital

A smarter way to invest. Monthly income with a focus on capital preservation. Secured against a diversified portfolio of underlying assets. Senior, asset-backed, with first-loss protection.

Eldium Income Fund

The essentials

Income
9.0%p.a.
Distribution rate, paid monthly
Declared monthly by the trustee, after fees. Rate is variable and not guaranteed. Past rates are not an indication of future performance.
Protection
10%
Minimum first-loss protection
Investors benefit from first-loss protection of at least 10% of the Fund. Investors receive monthly income first, before the first-loss tranche receives any return.
Diversification
1,000s
Underlying loans. Zero construction.
The portfolio spans multiple originators across SME, HNW, consumer and legal lending. No property development exposure. Monthly income from diversified Australian credit.
Liquidity
Monthly
Redemptions, processed next month-end
Investors can request redemptions monthly. They are processed at the end of the following month and are subject to available cash. The Trustee reserves the right to refuse any redemption request for A Class Units in its absolute discretion.
Terms & Structure

The Fund details

Inception
April 2025
First-Loss Protection
Minimum 10%
Current Distribution Rate
9.0% p.a.
Minimum Investment
$100,000
Distributions
Monthly
Redemptions
Monthly (processed at the end of the following month)
Reinvestment Feature
Yes
Management Fee
1.0% p.a. + GST
Performance Fee
None

Source: Eldium Income Fund Class A Monthly Report, April 2026. NAV and unit pricing independently calculated by the Fund Administrator. Rate is variable and not guaranteed. Past rates are not an indication of future performance. Audited from FY2026. Full terms, risk factors and financial statements are set out in the Information Memorandum.

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Capital Protection

Safety at its core

Investors have priority, with multiple layers of protection including first-loss at the originator level and a minimum 10% first- loss tranche at the Fund level.

06
First-Loss Tranche
A minimum 10% subordinated first-loss tranche sits behind investors. This tranche is fully eroded before any Class A capital is at risk, providing capital and income protection to investors.
05
Originator First-Loss
Each originator provides its own first-loss tranche in their own facility. Their capital is the first to absorb any underperformance, before the Fund's position is touched. Aligned interests, not just words.
04
Cashflow Control
All originator receipts flow through controlled accounts. This allows the Fund to take action if required, we don't need to sit and watch.
03
Covenant Triggers
A three-stage early warning system, with increasing triggers triggering cash lock-up, cash sweep and default provisions. Material breaches escalate to the Investment Committee.
02
SPV Structure & Guarantees
Each facility sits inside a bankruptcy-remote vehicle holding secured assets, with step-in rights and typically upstream guarantees. The Fund has legal first right of claim over segregated secured assets.
01
Asset-Level Security
First-ranking security over segregated assets, including invoice receivables, contract proceeds and SPV-held assets. In any enforcement scenario, the Fund is first in line to recover.

Loss waterfall is illustrative. Specific covenant levels, security packages and originator equity contributions vary by facility and are documented in the Information Memorandum and per-facility credit memos. Past performance is not indicative of future results.

Income Calculator

What 9.0% p.a.
currently pays

Pick an amount. See what the Eldium Income Fund pays each month, and how that compares to other income-producing asset classes.

Step 01 · Your Investment
$500,000
$100K$5M
Monthly
$3,542
Quarterly
$10,625
Annual
$42,500
Step 02 · CompareAnnual on $500,000
ASX Dividends
S&P/ASX 200 avg yield2
$20,000/yr
$1,667/mo
Term Deposit
Big 4 bank, 12-month, capital guaranteed by FCS1
$22,500/yr
$1,875/mo
Corporate Bonds
Vanguard VACF, distribution yield3
$23,000/yr
$1,917/mo
Listed REITs
A-REIT sector avg4
$30,000/yr
$2,500/mo
Eldium Income Fund
Current distribution rate, paid monthly
$45,000/yr
$3,750/mo
Additional income vs term deposit
$1,667/month more
+$20,000/yr

Illustrative only. Different asset classes carry different risk profiles. The Eldium Income Fund target rate is variable and not guaranteed; past performance is not indicative of future results.

Sources:1Term deposit, Big 4 12-month indicative rate,RBA Statistical Table F4 (Retail Deposit & Investment Rates).2S&P/ASX 200 trailing 12-month dividend yield,marketindex.com.au / S&P Dow Jones Indices.3Vanguard Australian Corporate Fixed Interest Index ETF (VACF), 12-month distribution yield,vanguard.com.au.4S&P/ASX 200 A-REIT sector trailing 12-month distribution yield,marketindex.com.au (XPJ) / S&P Dow Jones Indices. Eldium Income Fund figures: Class A Monthly Report, April 2026.

Performance Since Inception

Portfolio &
performance

The fund launched in April 2025. Consistent monthly distributions, all from interest income.

Consecutive monthly
distributions

9.0% p.a.

The Declared Rate is scheduled to increase to 9.0% p.a. on 1 June 2026.

A diversified
portfolio.

Diversified across HNW, SME, consumer and invoice-financing lenders. 100% asset-backed.

    From inception to $55.8m

    First-loss protection sits behind every Class A unit. As at April 2026.

    Sources: Eldium Income Fund Class A Monthly Report, April 2026. Composition reflects top holdings as at 30 April 2026. Rate is variable and not guaranteed. Past performance is not indicative of future results.

    First Full Year
    8.84%net
    The effective net return assuming re-investment of distribution.
    Paid monthly, net of fees. Returns are not guaranteed · Past performance is not indicative of future results
    Monthly Investor Reporting
    Detailedmonthly
    Detailed monthly reports, available to verified investors
    Every month, investors receive a detailed report covering NAV, portfolio composition, distribution rate and originator performance. Request access ↗
    FAQ

    Common questions

    If your question isn't answered here, email investors@eldium.com to arrange a call with Larry directly. The team responds to every wholesale enquiry within two business days.

    01
    Who can invest in the Fund?
    +

    The Fund is available to wholesale and sophisticated investors as defined under the Corporations Act. This includes investors who have been certified by a qualified accountant as meeting prescribed income or asset thresholds.

    02
    How does Eldium's return compare to other investment options, and what's the trade-off between yield and risk?
    +

    The Fund aims to deliver returns between lower-yielding products like cash and term deposits (around 5%) and higher-yielding but riskier funds. A key feature of the Fund is the Eldium Co-investment of at least 10% of the Fund. This Co-Investment is structured on a first-loss, subordinated basis to provide income and capital protection to investors.

    The strategy emphasises regular monthly income and capital preservation rather than maximum returns.

    03
    How is the lending strategy structured to protect capital?
    +

    The approach mirrors disciplined banking practice: senior, secured, asset-backed. The portfolio is diversified with no property or construction exposure, and the First-loss protection provides a subordinated buffer for investors. Capital remains at risk; no investment strategy is risk-free.

    04
    What liquidity do investors have?
    +

    Investors may request redemptions monthly. Requests submitted by month-end are processed at the end of the following month and are subject to available cash. Full terms are set out in the Information Memorandum.

    05
    Do you invest in other funds?
    +

    No. The Fund employs direct lending to established non-bank lenders rather than a fund-of-funds model.

    06
    Are returns guaranteed?
    +

    No investment returns are guaranteed. While the Fund is designed with a focus on capital preservation and has structural protections such as first-loss capital and asset-backed lending, investment performance will always depend on underlying borrower repayments and market conditions.

    Financing
    the future of
    Australian lending

    Asset-backed, first-loss protected, monthly distributions. Built for wholesale and institutional investors. Minimum allocation $100,000.

    Invest Now ↗