Fixed Income Fund
Australian sovereign and senior bank bonds, managed for income and capital stability.
BBSW +1.5% p.a.
before fees
Income management that preserves capital
Australian fixed income for investors who want steady income without putting their capital in harm's way. Public funds, wholesale portfolios and private mandates, run with the same discipline for over three decades.
Our funds
Preferred Income Fund
Australian government and corporate credit, managed for higher income than cash and traditional fixed interest.
BBSW +3.5% p.a.
before fees
The Arculus Fixed Income Fund and the Arculus Preferred Income Fund are each rated 'Investment Grade' by Lonsec.
Ratings are opinions of the relevant research house, are not recommendations, and may change without notice.
The Arculus Fixed Income Fund and the Arculus Preferred Income Fund are each rated 'Investment Grade' by Lonsec.
Ratings are opinions of the relevant research house, are not recommendations, and may change without notice.
Important disclosure
By accessing and using the website you agree to be bound legally by the ‘Terms & Conditions’ for accessing and use of the information presented. These can be found in the footer of every page. Read the full declaration
Why invest with Arculus
We are the investment manager for two retail unit funds, wholesale strategies and private mandates for family offices, charities and wealth advisory groups. Our funds are built for investors whose priorities are income and capital preservation.
Capital preservation first
Australian issuers only, in AUD. No leverage. No RMBS, ABS, CMBS or property developer exposure.
Absolute return
Benchmark unaware. Duration is set by where we are in the economic cycle, not by an index.
No performance fee
A flat management fee on every fund. Selling fees received by Arculus are rebated to the fund through the administrator.
Independent oversight
Arculus does not hold, value or administer the assets. Four eyes on every transaction: custody, administration, investment management and the Responsible Entity.
Wholesale & AIM
Arculus Wholesale strategies
SMA mandates in senior bank and insurer credit, and a protected equity strategy. For wholesale clients within the meaning of ss 708 and 761G.
Arculus Investment Management
Australian government and corporate credit, managed for higher income than cash and traditional fixed interest.
Latest insights
See all insights
Macro research22 Jul 2026
Japan at the Turn: the outlook for inflation, growth, unemployment and interest rates
Japan has not escaped its debt problem; it has changed the currency in which that problem is paid. The adjustment is running through the exchange rate and the price level, not the bond market.
Weekly update18 Oct 20268 min read
From an inflation scare to a growth scare
US inflation ran hot and yields still fell, because the market stopped worrying about the Fed and started worrying about who pays for the AI build out. Australian credit split cleanly between high grade financials and high beta corporates.
Research25 Sep 20264 min read
Inflation and why the inflation-linked bond market is not a forecast
Renny Ellis on what the inflation-linked bond market does and does not tell you about the path of inflation, and how Arculus reads it.
Research note13 Jul 20268 min read
Taylor Rule sensitivity analysis: United States and Australia
On current core PCE the rule sits 100–200bp above the funds rate; in Australia a positive output gap validates the cash rate at a modest trimmed-mean assumption.
Important information
Arculus Funds Management Pty Ltd (ABN 74 661 739 340) is an Authorised Representative (No. 1298896) and wholly owned subsidiary of GCI Australia Pty Ltd (ABN 68 140 364 576; AFSL No. 346034). Arculus Funds Management is authorised by GCI Australia to provide particular financial services to those who qualify as a ‘Wholesale Client’ in accordance with the Corporations Act.
This website has been prepared and issued by Arculus Funds Management to provide you with general information only. It is not intended to take the place of professional advice and you should not act on a recommendation or statement of opinion without first considering the appropriateness of the general advice to your personal circumstances or consulting your investment advisor to determine whether the recommendation or statement of opinion is appropriate for your investment objectives, financial situation or needs. Neither Arculus Funds Management, DDH Graham Limited nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the relevant Product Disclosure Statement before making a decision about whether to invest in any product.