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  5. AMP - Flexible Lifetime Investments - Lazard Australian Equity - Managed fund profile

AMP - Flexible Lifetime Investments - Lazard Australian Equity - Managed Fund (Closed)

Fund Objective
The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the S&P/ASX 200 Accumulation Index ('the benchmark') by 3% per annum over rolling three-year periods.
Fund Strategy
The investment strategy of the Fund is to provide investors with access to companies listed on the Australian Securities Exchange that Lazard believes are out of favour and trading below their intrinsic value. The number of stocks will generally range from 25 to 45 which mean Lazard makes active investment decisions as to which stocks the Fund holds.

Fund Performance Comparison

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Fees Comparison

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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.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.06% -0.41% 3.28% -1.63% 19.73% -4.4% -0.93% -%
Growth return 0.06% -1.51% 2.15% -3.39% 17.86% -6.25% -8.56% -%
Income return 0% 1.1% 1.13% 1.76% 1.87% 1.85% 7.63% -%
Market index (S&P/ASX 200 TR AUD)
Total return 3.27% 5.33% 14.17% 14.45% 7.03% 9.62% 9.15% 8.27%
As at 28 Feb 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AMP - Flexible Lifetime Investments - Lazard Australian Equity
Australian Equities
94.45%
Cash
1.11%
Property
4.44%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.51%
Cash
0.83%
Property
3.24%
International Equities
4.01%
Fixed Interest
0.35%
Alternatives
0.06%

General Information

Fund Details
Type Description
AMP - Flexible Lifetime Investments - Lazard Australian Equity
Closed
AMP Capital Funds Management Ltd
AMP0836AU
Equity Australia Large Value
star (as at 28 Feb 2011)
Investment Fund
23 Mar 2004
$1.03 million (as at 31 Jan 2011)
$0.86956 (as at 28 Feb 2011)
$0.86739 (as at 28 Feb 2011)
Finalised
Offer information
Type Description
Standard entry fee 4%
Indirect Cost Ratio (ICR) 2.25% (as at 31 Dec 2009)
Minimum initial investment $1,500.00
Minimum additional investments $500.00
Minimum redemption amount $500.00

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023) Type % of Portfolio
BHP Group Ltd Equity 8.52%
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FAQs about the AMP - Flexible Lifetime Investments - Lazard Australian Equity

The objective of the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the S&P/ASX 200 Accumulation Index ('the benchmark') by 3% per annum over rolling three-year periods.

The strategy of the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is The investment strategy of the Fund is to provide investors with access to companies listed on the Australian Securities Exchange that Lazard believes are out of favour and trading below their intrinsic value. The number of stocks will generally range from 25 to 45 which mean Lazard makes active investment decisions as to which stocks the Fund holds.

The APIR code of the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is AMP0836AU.

AMP - Flexible Lifetime Investments - Lazard Australian Equity’s total return last month was 0.06%. This was made up of a growth return of 0.06% and an income return of 0%. These returns were calculated as at 28 Feb 2011.

AMP - Flexible Lifetime Investments - Lazard Australian Equity’s total return for the last three months was -0.41%. This was made up of a growth return of -1.51% and an income return of 1.1%%. These returns were calculated as at 28 Feb 2011.

AMP - Flexible Lifetime Investments - Lazard Australian Equity’s one-year total return is -1.63%. This was made up of a growth return of -3.39% and an income return of 1.76%. These returns were calculated as at 28 Feb 2011.

AMP - Flexible Lifetime Investments - Lazard Australian Equity’s one-year total return is -4.4%. This was made up of a growth return of -6.25% and an income return of 1.85%. These returns were calculated as at 28 Feb 2011.

The asset allocation of the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is :

Australian Equities
94.45%
Cash
1.11%
Property
4.44%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is AMP Capital Funds Management Ltd.

The AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund belongs to the Equity Australia Large Value sector/asset class.

As at 31 Jan 2011, the size of the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund was $1.03 million.

The AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund has an inception date of 23 Mar 2004.

The current entry price of the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is $0.86956 per unit and the current exit price is $0.86739 per unit (as at 28 Feb 2011).

The current exit price of the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is $0.86739 per unit and the current entry price is $0.86956 per unit (as at 28 Feb 2011).

The minimum initial investment amount for the AMP - Flexible Lifetime Investments - Lazard Australian Equity managed fund is $1,500. Minimum additional investment is $500.

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.