About the fund
Blends a portfolio of strategies that invest in Australian and global fixed income securities including government bonds, government-related bonds, inflation linked and corporate bonds, as well as asset backed securities, cash derivatives and foreign currency.
To provide total returns (interest income and capital growth) after costs and before tax, above the performance benchmark over rolling 3 year periods.
This product is likely to be appropriate for a consumer seeking capital preservation and potentially some capital growth and regular income to be used as a satellite/core holding within a portfolio where the consumer has a medium to long investment timeframe and a medium risk/return profile.
Withdrawals are allowed daily. Withdrawals are normally processed within 5 business days. The constitution allows for payments to be made within 21 calendar days.
What are the risks?
The Fund may be suitable for a consumer with a moderate or medium risk profile, seeking to minimise potential losses (eg has the ability to bear up to 3 negative returns over a 20-year period (SRM 4)) and is comfortable with a moderate return.
The ‘Risks of investing’ section of the Product Disclosure Statement and Incorporated Information for this Fund provides further information about the risks noted above, as well as information about other investment risks of which you should be aware.
For more detailed information relating to the risks of the fund, please refer to the relevant Product Disclosure Statement.
Investment Partners
JPMorgan Asset Management (Australia) Limited
JPMorgan Asset Management (Australia) Limited, is part of J.P. Morgan Asset Management, a global leader in investment management with over a century of investment experience. We focus on delivering excellence across active management in strategies that span equity, fixed income, real estate, private equity, hedge funds, infrastructure and asset allocation. Our global network brings our best ideas, solutions and service to our clients.
Macquarie Investment Management Global Limited
Macquarie Investment Management Global Limited forms part of Macquarie Asset Management, which is Macquarie Group's asset management business. Macquarie Asset Management is an integrated asset manager across public and private markets offering a diverse range of capabilities including real assets, real estate, credit, and equities and multi-asset.
Schroders
Established in 1964, Schroder Investment Management Australia Limited is a wholly owned subsidiary of UK-listed Schroders plc and today employs over 90 people. Based in Sydney and Melbourne, Schroders Australia manages assets for institutional and wholesale clients across Australian equities, fixed income, private equity, multi-asset, global equities, private debt, insurance linked securities and securitised credit. Schroders believes in the potential to gain a competitive advantage from having one of the industry's largest in-house local research teams, back by that of a wider in-house global research network, and that rigorous research can translate into superior investment performance.
Platform fund
Fund details
| APIR code | AMP1992AU |
| Minimum investment |
$10,000,000 |
| Investment objective |
To provide total returns (interest income and capital growth) after costs and before tax, above the performance benchmark over rolling 3 year periods. The fund will be managed to reflect the risk and return characteristics of the fixed interest market as represented by the fund's benchmark. The fund employs a multi-manager approach appointing and blending a number of underlying investment funds. The performance benchmark for the fund is 60% Bloomberg AusBond Composite 0+ Yr Index and 40% Bloomberg Global Aggregate Index (Hedged to AUD). The Fund's tracking error is not expected to exceed 1.5% p.a. as measured over rolling 3 year periods. |
| Investment approach | The fund normally invests in Australian and global fixed interest income securities including government securities, government-related securities, inflation linked securities, corporate securities, asset-backed securities, cash, derivatives and foreign currency. The Fund may invest in Australian and global fixed interest securities directly, or through other pooled vehicles. |
| Minimum suggested timeframe |
3 years |
| Distribution frequency |
Quarterly |
| Product inception date | 09 May 2014 |
| Risk level (1-7) | 4. Medium |
| Product status | Open |
Documents & Downloads
* Please note, due to a data issue which impacted the Fund’s benchmark return, benchmark-relative returns, as quoted in the December reports downloaded around the period of mid-February, may have been slightly understated. This has now been corrected.
PDS Updates
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What you need to know
This information has been prepared by National Mutual Funds Management Ltd (ABN 32 006 787 720, AFSL 234652) (NMFM). While every care has been taken in the preparation of this information, NMFM makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This information has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this information, and seek professional advice, having regard to their objectives, financial situation and needs.
ipac Asset Management Limited ABN 22 003 257 225, AFSL 234655) (IAML) is the responsible entity of the Option(s) and the issuer of the units in the Option(s) and the Product Disclosure Statement(s) (PDS). To invest in the Option(s), investors will need to obtain and consider the current PDS or other offer document for the relevant Option(s) available at amp.com.au/investments. The PDS or offer document contains important information about investing in the Option(s) and it is important that investors read the PDS or offer document before making a decision about whether to acquire or continue to hold or dispose of units in the Option(s). A target market determination has been made in respect of the Option(s) and is available at www.amp.com.au/investments-tmd. Neither IAML, NMFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document. Past performance is not a reliable indicator of future performance.
The Option's risk level is based on the estimated number of negative annual returns for the Option over any 20-year period and is not a complete assessment of the risks of investing in the Option. For instance, it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Option, you should read the Option's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.
Important note: The unit prices displayed in this section are indicative only.
If unit prices are not available for today then the latest available prices will be displayed. Unit prices are not calculated on weekends or public holidays.
Our unit price discretion policy states where we may exercise certain discretions in determining the unit price of units on application or withdrawal in each investment option. View and download our Unit Pricing Discretions Policy for the types of discretions that we may exercise, in what circumstances, our policies on how we exercise the discretions and the reasons why we consider our policies are reasonable.
Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices.
During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. Actual unit prices can be confirmed on receipt of a completed application or redemption form.
None of ipac Asset Management Limited Funds ABN 22 003 257 225, AFSL 234655), National Mutual Funds Management Limited (ABN 32 006 787 720, AFSL 234652), or any company within the AMP Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information.
The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant PDS available from us for the relevant option before making any decision regarding the product.
Important note: Past performance
Past performance is not a reliable indicator of future performance.
Performance is annualised for periods greater than one year. Total returns are calculated using the unit price which uses the net asset values for the relevant month end. This price may differ from the actual unit price for an investor applying for or redeeming an investment. Actual unit prices will be confirmed following any transaction by an investor. Returns quoted are before tax, after fees and costs, and assume all distributions are reinvested.
All information on this website is subject to change without notice.
The information included on this page was current on the date published within the document or report and issued by the entity identified in the document or report . For up-to-date information, we refer you to the relevant product disclosure statement, target market determination and product updates available at amp.com.au.