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  5. GAM Absolute Return Bond (AU) - Managed fund profile

GAM Absolute Return Bond (AU) - Managed Fund (Closed)

Fund Objective
To provide positive absolute returns (capital and income (if any)) over the medium term of the 3-month BBSW plus 3-5% p.a. net of fees and expenses.
Fund Strategy
The fund invests in the fully hedged Australian Dollar Income class of the GAM Absolute Return Bond Master Fund. The Master Fund invests worldwide in bonds of varying maturities, credit ratings, and currencies that are issued in various countries, as well as in derivatives.

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 0.24% 2.3% 3.24% 3.43% 2.07% 4.19% 2.68% 4.98%
Growth return 0.24% -29.44% -39.23% -79.3% -55.34% -40.83% -28.47% -13.82%
Income return 0% 31.74% 42.47% 82.73% 57.41% 45.02% 31.15% 18.8%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 0.33% 1.05% 3.11% 4.31% 4.73% 3.74% -0.03% 2.14%
As at 30 Jun 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

GAM Absolute Return Bond (AU)
Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Fixed Interest
92.79%
Australian Equities
0.63%
International Equities
0.01%
Cash
6.30%
Property & Infrastructure
0.02%
Alternatives
0.25%

General Information

Fund Details
Type Description
GAM Absolute Return Bond (AU) (Wholesale)
Closed
Equity Trustees Ltd
AFM0002AU
Unconstrained Fixed Income
starstar (as at 30 Jun 2019)
Investment Fund
31 Jul 2006
$60.42 million (as at 18 Jul 2019)
$0.22547 (as at 18 Jul 2019)
$0.22547 (as at 18 Jul 2019)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 1.61% (as at 30 Jun 2018) (Estimated)
Minimum initial investment $100,000
Minimum additional investments $50,000
Minimum redemption amount $50,000

Top 10 holdings (as at 31 Mar 2009)

Holding (as at 31 Mar 2009) Type % of Portfolio
Fut Sep 09 Lif 3m Euribor Interest Rate Future 28.93%
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FAQs about the GAM Absolute Return Bond (AU)

The objective of the GAM Absolute Return Bond (AU) managed fund is To provide positive absolute returns (capital and income (if any)) over the medium term of the 3-month BBSW plus 3-5% p.a. net of fees and expenses.

The strategy of the GAM Absolute Return Bond (AU) managed fund is The fund invests in the fully hedged Australian Dollar Income class of the GAM Absolute Return Bond Master Fund. The Master Fund invests worldwide in bonds of varying maturities, credit ratings, and currencies that are issued in various countries, as well as in derivatives.

The APIR code of the GAM Absolute Return Bond (AU) managed fund is AFM0002AU.

GAM Absolute Return Bond (AU)’s total return last month was 0.24%. This was made up of a growth return of 0.24% and an income return of 0%. These returns were calculated as at 30 Jun 2019.

GAM Absolute Return Bond (AU)’s total return for the last three months was 2.3%. This was made up of a growth return of -29.44% and an income return of 31.74%%. These returns were calculated as at 30 Jun 2019.

GAM Absolute Return Bond (AU)’s one-year total return is 3.43%. This was made up of a growth return of -79.3% and an income return of 82.73%. These returns were calculated as at 30 Jun 2019.

GAM Absolute Return Bond (AU)’s one-year total return is 4.19%. This was made up of a growth return of -40.83% and an income return of 45.02%. These returns were calculated as at 30 Jun 2019.

The asset allocation of the GAM Absolute Return Bond (AU) managed fund is :

Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the GAM Absolute Return Bond (AU) managed fund is Equity Trustees Ltd.

The GAM Absolute Return Bond (AU) managed fund belongs to the Unconstrained Fixed Income sector/asset class.

As at 18 Jul 2019, the size of the GAM Absolute Return Bond (AU) managed fund was $60.42 million.

The GAM Absolute Return Bond (AU) managed fund has an inception date of 31 Jul 2006.

The current entry price of the GAM Absolute Return Bond (AU) managed fund is $0.22547 per unit and the current exit price is $0.22547 per unit (as at 18 Jul 2019).

The current exit price of the GAM Absolute Return Bond (AU) managed fund is $0.22547 per unit and the current entry price is $0.22547 per unit (as at 18 Jul 2019).

The minimum initial investment amount for the GAM Absolute Return Bond (AU) managed fund is $100,000. Minimum additional investment is $50000.

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.