InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. AM Cashback Annuity - Traded Policies - Managed fund profile

AM Cashback Annuity - Traded Policies - Managed Fund (Closed)

Fund Objective
This product aims to achieve no loss of original capital over rolling 2 year periods, and return at least Australian 5 year bond rates over rolling 3 years periods. Reporting benchmark: the Warburg Dillon Read Australian Composite Bond Index (0-5 years).
Fund Strategy
This Fund invests in endowment life insurance policies purchased on the secondary life insurance policy market. Each traded policy effectively has a guarantee of capital at the end of the endowment period, from the relevant life office. The initial term to maturity is generally 5 years.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.55% 2.05% 5.14% 13.43% -% -% -% -%
Growth return -% -% -% -% -% -% -% -%
Income return -% -% -% -% -% -% -% -%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 1.12% 1.03% 4.85% 1.47% 0.91% -1.29% 0.17% 2.59%
As at 30 Jun 1998. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AM Cashback Annuity - Traded Policies
Cash
26.90%
Fixed Interest
73.10%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
3.02%
Fixed Interest
96%
Australian Equities
0.54%
International Equities
0.12%
Property
0%
Alternatives
0.32%

General Information

Fund Details
Type Description
AM Cashback Annuity - Traded Policies
Closed
AM Life Limited
AMG0047AU
Bonds - Australia
Not Rated
Allocated Pension
12 Dec 1996
$44.79 million (as at 30 Jun 1998)
n/a
n/a
Finalised
Offer information
Type Description
Minimum initial investment $25,000

FAQs about the AM Cashback Annuity - Traded Policies

The objective of the AM Cashback Annuity - Traded Policies managed fund is This product aims to achieve no loss of original capital over rolling 2 year periods, and return at least Australian 5 year bond rates over rolling 3 years periods. Reporting benchmark: the Warburg Dillon Read Australian Composite Bond Index (0-5 years).

The strategy of the AM Cashback Annuity - Traded Policies managed fund is This Fund invests in endowment life insurance policies purchased on the secondary life insurance policy market. Each traded policy effectively has a guarantee of capital at the end of the endowment period, from the relevant life office. The initial term to maturity is generally 5 years.

The APIR code of the AM Cashback Annuity - Traded Policies managed fund is AMG0047AU.

AM Cashback Annuity - Traded Policies’s total return last month was 0.55%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Jun 1998.

AM Cashback Annuity - Traded Policies’s total return for the last three months was 2.05%. This was made up of a growth return of -% and an income return of -%%. These returns were calculated as at 30 Jun 1998.

AM Cashback Annuity - Traded Policies’s one-year total return is 13.43%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Jun 1998.

AM Cashback Annuity - Traded Policies’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Jun 1998.

The asset allocation of the AM Cashback Annuity - Traded Policies managed fund is :

Cash
26.90%
Fixed Interest
73.10%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the AM Cashback Annuity - Traded Policies managed fund is AM Life Limited.

The AM Cashback Annuity - Traded Policies managed fund belongs to the Bonds - Australia sector/asset class.

As at 30 Jun 1998, the size of the AM Cashback Annuity - Traded Policies managed fund was $44.79 million.

The AM Cashback Annuity - Traded Policies managed fund has an inception date of 12 Dec 1996.

The current entry price of the AM Cashback Annuity - Traded Policies managed fund is $ per unit and the current exit price is $ per unit (as at ).

The current exit price of the AM Cashback Annuity - Traded Policies managed fund is $ per unit and the current entry price is $ per unit (as at ).

The minimum initial investment amount for the AM Cashback Annuity - Traded Policies managed fund is $25,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.