InvestSMART

AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income - Managed Fund (Closed)

Fund Objective
To provide a higher return than would normally be available through investing in the securities in the UBS Bank Bill Index, whilst seeking to minimise interest rate risk.
Fund Strategy
The portfolio will invest in the AMP Capital Corporate Bond Fund, and then enter into derivatives to exchange the underlying fixed rate return of the AMP Capital Corporate Bond Fund for short term interest rate returns. The portfolio may use interest rate derivatives, options or credit default swaps that will allow better management of the risks that the portfolio is exposed to over market cycles and to deliver a more tailored and efficient hedging process.

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 0.11% 3.31% 3.75% 4.97% 3.13% 3.11% 2.69% -%
Growth return 0.11% 3.04% 3.41% 3.67% 1.53% -3.69% -2.08% -%
Income return 0% 0.27% 0.34% 1.3% 1.6% 6.8% 4.77% -%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 0.1% 0.4% 3.04% 4.09% 5.59% 4.25% -0.23% 2.12%
As at 30 Nov 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income
Cash
3.14%
Fixed Interest
96.86%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.97%
Fixed Interest
93.16%
Australian Equities
0.63%
International Equities
0.01%
Property & Infrastructure
0.02%
Alternatives
0.22%

General Information

Fund Details
Type Description
AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income
Closed
AMP Capital Funds Management Ltd
AMP1446AU
Unconstrained Fixed Income
starstar (as at 30 Nov 2019)
Investment Fund
1 Jul 2010
$0.59 million (as at 29 Nov 2019)
$0.9062 (as at 29 Nov 2019)
$0.90258 (as at 29 Nov 2019)
Finalised
Offer information
Type Description
MER 1.27% (as at 30 Jun 2019)
Indirect Cost Ratio (ICR) 1.27% (as at 30 Jun 2019)
Performance fee (not included in ICR) 0
Minimum initial investment $1,500.00
Minimum additional investments $500.00
Minimum redemption amount $500.00

FAQs about the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income

The objective of the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund is To provide a higher return than would normally be available through investing in the securities in the UBS Bank Bill Index, whilst seeking to minimise interest rate risk.

The strategy of the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund is The portfolio will invest in the AMP Capital Corporate Bond Fund, and then enter into derivatives to exchange the underlying fixed rate return of the AMP Capital Corporate Bond Fund for short term interest rate returns. The portfolio may use interest rate derivatives, options or credit default swaps that will allow better management of the risks that the portfolio is exposed to over market cycles and to deliver a more tailored and efficient hedging process.

The APIR code of the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund is AMP1446AU.

AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income’s total return last month was 0.11%. This was made up of a growth return of 0.11% and an income return of 0%. These returns were calculated as at 30 Nov 2019.

AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income’s total return for the last three months was 3.31%. This was made up of a growth return of 3.04% and an income return of 0.27%%. These returns were calculated as at 30 Nov 2019.

AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income’s one-year total return is 4.97%. This was made up of a growth return of 3.67% and an income return of 1.3%. These returns were calculated as at 30 Nov 2019.

AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income’s one-year total return is 3.11%. This was made up of a growth return of -3.69% and an income return of 6.8%. These returns were calculated as at 30 Nov 2019.

The asset allocation of the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund is :

Cash
3.14%
Fixed Interest
96.86%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund is AMP Capital Funds Management Ltd.

The AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund belongs to the Unconstrained Fixed Income sector/asset class.

As at 29 Nov 2019, the size of the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund was $0.59 million.

The AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund has an inception date of 1 Jul 2010.

The current entry price of the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund is $0.9062 per unit and the current exit price is $0.90258 per unit (as at 29 Nov 2019).

The current exit price of the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income managed fund is $0.90258 per unit and the current entry price is $0.9062 per unit (as at 29 Nov 2019).

The minimum initial investment amount for the AMP - Flexible Lifetime Investments - S2 - AMP Capital Floating Rate Income 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.