Aura Private Credit funds receive ratings from Lonsec
We are pleased to announce that independent research house Lonsec has completed its inaugural reviews of the Aura Private Credit Income Fund (for wholesale investors) and Aura Core Income Fund (for wholesale and retail investors). Both strategies have received an ‘Investment Grade’ rating, meaning Lonsec have conviction the strategies can meet their respective investment objectives.
Recognition from Lonsec
In its review, Lonsec noted:
The Aura Private Credit Income Fund:
“reflects broad comfort with structure, liquidity and investor alignment. It provides access to SME (small and medium enterprises) lending via senior and mezzanine warehouse exposures.[1]”
The Aura Core Income Fund is:
“supported by a mature operating history, consistent inflows and exposure to senior tranches in SME warehouse facilities. Monthly liquidity is underpinned by the short loan duration profile and a minimum cash buffer. While warehouse structuring introduces complexity, this is typical of the asset class and appropriate for the strategy.[1]”
Importantly, Aura’s private credit funds were among just two of four underlying private credit capabilities rated by Lonsec in their category this year (Australian Private Debt – Securitisation).
Strong performance track record
- Aura Private Credit Income Fund: Established in August 2017, the Fund recently celebrated its eighth anniversary. Since its inception in August 2017, the Fund has delivered a 9.55 per cent p.a. net return to investors through monthly income payments for 96 consecutive months to 31 July 2025.[2]
- Aura Core Income Fund – was launched in partnership with Montgomery in October 2022 and has delivered a 7.35 per cent p.a. net return for investors via monthly income payments for 34 months to 31 July 2025.[3] Pleasingly, it is now available on leading super investment platforms: Netwealth, HUB24 and Colonial First State Edge.
Next steps
These ratings reflect Lonsec’s recognition of Aura’s disciplined investment approach and consistent delivery of income for investors. We look forward to building on these ratings and deepening Lonsec’s conviction in the strategies in the future.
If you have any questions about the Aura Private Credit Funds, please don’t hesitate to reach out to the Montgomery team.
Investors:
Please contact David Buckland, CEO or Rhodri Taylor, Account Manager on 02 8046 5000 or investor@montinvest.com
Advisers, researchers and consultants:
For more information on the Lonsec research ratings reports, please contact Scott Phillips, Head of Distribution on 02 8046 5005.
Lonsec disclaimer
The ratings published on 09/2025 for the Aura Private Credit Income Fund (ARF3849AU) and 09/2025 for the Aura Core Income Fund (OMF9469AU) are issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The ratings are not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.
Disclaimer
You should read the relevant Product Disclosure Statement (PDS) or Information Memorandum (IM) before deciding to acquire any investment products.
Past performance is not a reliable indicator of future performance. Returns are not guaranteed and so the value of an investment may rise or fall.
This information is provided by Montgomery Investment Management Pty Ltd (ACN 139 161 701 | AFSL 354564) (Montgomery) as authorised distributor of the Aura Core Income Fund (ARSN 658 462 652) (Fund). As authorised distributor, Montgomery is entitled to earn distribution fees paid by the investment manager and may be issued equity in the investment manager or entities associated with the investment manager.
The Aura Core Income Fund (ARSN 658 462 652)(Fund) is issued by One Managed Investment Funds Limited (ACN 117 400 987 | AFSL 297042) (OMIFL) as responsible entity for the Fund. Aura Credit Holdings Pty Ltd (ACN 656 261 200) (ACH) is the investment manager of the Fund and operates as a Corporate Authorised Representative (CAR 1297296) of Aura Capital Pty Ltd (ACN 143 700 887 | AFSL 366230).
You should obtain and carefully consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the Aura Core Income Fund before making any decision about whether to acquire or continue to hold an interest in the Fund. Applications for units in the Fund can only be made through the online application form that accompanies the PDS. The PDS, TMD, continuous disclosure notices and relevant application form may be obtained from www.oneinvestment.com.au/auracoreincomefund or from Montgomery.
The Aura Private Credit Income Fund is an unregistered managed investment scheme for wholesale clients only and is issued under an Information Memorandum by Aura Funds Management Pty Ltd (ABN 96 607 158 814, Authorised Representative No. 1233893 of Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887).
Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this report you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs.
Montgomery, ACH and OMIFL do not guarantee the performance of the Fund, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. Past performance is not a reliable indicator of future performance. Information in this report may be based on information provided by third parties that may not have been verified.
[1] Lonsec Research Pty Ltd via Daily Bulletin, September 9, 2025
[2] The inception of the Aura Private Credit Income Fund is 1 August 2017. Returns data is net of fees and expenses, assumes reinvestment of distributions. Past performance is not a reliable indicator of future performance.
[3] The inception of the Aura Core Income Fund is 4 October 2022. Returns data is net of fees and expenses, assumes reinvestment of distributions. Past performance is not a reliable indicator of future performance.
Dean Curnow joined Montgomery Investment Management in June 2016.
Dean joined the firm from Colonial First State, where he was a Consultant for Retail Sales for 2 years.
Prior to this, Dean was also a Relationship Manager with the Commonwealth Bank of Australia, where he spent 5 years working in Retail Banking.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
