MacKay Shields Unconstrained Bond - Managed Fund

Fund Performance Comparison

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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.

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 0.41 1.03 1.76 4.53 2.26 3.08 - -
Growth return 0.41 1.03 1.76 4.53 0.45 0.69 - -
Income return 0 0 0 0 1.81 2.39 - -
Market index (BBgBarc Global Aggregate TR Hdg AUD)
Total return 1.81 1.32 2.69 8.09 5.69 4.86 4.13 6.32
As as 31 Jan 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MacKay Shields Unconstrained Bond
Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Alternatives
0%
Average Allocation of Peers
Fixed Interest
91.89%
Australian Equities
0.02%
International Equities
0.38%
Cash
7.62%
Alternatives
0.09%

General Information

Fund Details
Type Description
MacKay Shields Unconstrained Bond
Ausbil Investment Management Limited
AAP0020AU
Diversified Credit
starstarstar (as at 31 Jan 2020)
Investment Fund
1 Jun 2016
$69.86 million (as at 31 Jan 2020)
$1.05041 (as at 26 Feb 2020)
$1.04204 (as at 26 Feb 2020)
Fund Objective
The Fund seeks to achieve a positive total return and to outperform (before fees and taxes) the benchmark over rolling three-year periods.
Fund Strategy
The Fund has a flexible investment process that primarily invests in a portfolio of global debt or debt-related securities. The Fund intends to utilise various investment strategies in a broad array of debt securities sectors with the aim of achieving its investment strategy. The Fund will not be constrained by portfolio management relative to an index.
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.80% (as at 30 Jun 2019)
Minimum initial investment $20,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

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 cannot 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.

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Out of the 5,494 Australian funds researched with a 10 year track record, 81% underperform the industry standard benchmarks by an average of 2.12%, with average fees of 1.79%^.

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Our Managed Funds

Returns Since Inception
InvestSMART International Equities 12.66%
Intelligent Investor Equity Growth 10.56%
InvestSMART High Growth 10.06%
Intelligent Investor Australian Small Companies Fund 9.92%
InvestSMART Growth 8.99%
InvestSMART Property and Infrastructure 8.88%
Intelligent Investor Equity Income 8.65%
InvestSMART Balanced 7.22%
InvestSMART Conservative 5.50%
InvestSMART Hybrid Income 4.54%
InvestSMART Interest Income 3.51%