Fund overview
The AMP Capital Core Plus Strategies Fund invests in Australian and global fixed income securities. It seeks to invest in short and long-term fixed income securities, including government, bank and corporate securities and asset backed securities, derivatives and currency, in domestic and global credit markets. The AMP Capital Core Plus Strategies Fund will aim to use interest rate futures, interest rate swaps and other derivatives to minimise the interest rate risk.
Key features
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Potential for higher returns than a pure Australian fixed income portfolio.
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Increased liquidity and diversification due to a much broader investment universe.
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Exposure to a range of higher yielding securities – the fund can invest from investment grade to sub-investment grade credit qualities, cross over credits and asset-backed securities and emerging market debt.
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Active allocation between Australian and global credit markets.
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Stock selection from a broad universe of Australian and global securities.
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Duration and currency management to take advantage of movements in both interest rates and currency.
Issuer and responsible entity: AMP Capital Investors Limited ABN 59 001 777 591, ASFL 232497
| Investment objective |
To provide a total return (income and capital growth) after costs and before tax, above the Fund's performance benchmark on a rolling 12 month basis. |
| Investment approach |
For our active bond portfolios, we identify value and manage risk through an investment approach that combines interest rate and credit-specific research. This approach includes three key elements: interest rate process - combines a robust quantitative framework with market analysis to develop strategies in duration, curve and international interest rate spreads; credit investment style - combines a top-down approach with bottom-up credit analysis; and risk management - we manage risk at a fund level by monitoring and controlling three key sources of bond risk/return - credit exposure, duration and yield curve risk. |
| Minimum suggested timeframe |
3 years |
| Distribution frequency |
Monthly |
| Inception date |
31 March 2009 - On-platform Class A |
| Risk level (1 - 7) |
3. Low to Medium |
| Status |
Open - On-platform Class A |
| Access |
Available through selected platforms |
The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.
The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.
Unit Prices
Important: The unit prices displayed in this section are indicative only.
If unit prices are not available for today then the latest available prices will be displayed. Unit prices are not calculated on weekends or public holidays.
Our unit price discretion policy states where we may exercise certain discretions in determining the unit price of units on application or withdrawal in each investment option. View and download our Unit Pricing Discretions Policy for the types of discretions that we may exercise, in what circumstances, our policies on how we exercise the discretions and the reasons why we consider our policies are reasonable.
Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices.
During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. Actual unit prices can be confirmed on receipt of a completed application or redemption form.
None of AMP Capital Funds Management Limited (ABN 15 159 557 72, AFSL 426455), AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497), National Mutual Funds Management Limited (ABN 32 006 787 720, AFSL 234652), or any company within the AMP Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information.
The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant PDS available from us for the relevant fund before making any decision regarding the product.
Fund Performance
Get historical data
None of AMP Capital Funds Management Limited (ABN 15 159 557 72, AFSL 426455), AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497), National Mutual Funds Management Limited (ABN 32 006 787 720, AFSL 234652), or any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document. Past performance is not a reliable indicator of future performance.
This information has been prepared for the purpose of providing general information, without taking account of any particular investor's objectives, financial situation or needs. You should, before making any investment decisions, consider the appropriateness of this information and seek professional advice, having regard to your objectives, financial situation and needs.
Returns are calculated using the unit price which uses the net asset values for the relevant month end. This price may differfrom the actual unit price for an investor applying for or redeeming an investment. Actual unit prices will be confirmed following any transaction by an investor. Returns quoted are before tax, after fees and costs, assume all distributions are reinvested and are annualised for periods greater than one year. To invest in our Funds you'll need to get a copy of the current Product Disclosure Statement ("PDS") from AMP Capital. The PDS contains important information about investing in the Funds and it's important you read them before deciding whether to acquire, continue to hold or dispose of units in the Funds.
Cash Management Trust
Returns for Retail Cash Management Trust are available quarterly only
AMP Capital Enhanced Yield Fund
Returns are calculated using the unit price which uses the net asset values for the relevant month end. This price may differ from the actual unit price for an individual investor. Returns quoted are before tax, after Class fees and costs, and assume all distributions are reinvested. Also, the returns shown do not include franking credits received from some of the hybrid stocks that have been held historically. Further to our update dated 7 Oct 2009, performance attribution for income and growth components will not be reported while the Fund is currently returning capital via distributions as this distribution policy results in a distortion of this income and growth component. The AMP Capital Enhanced Yield Fund changed its asset allocation on 1 June 2004, moving from listed property trusts in favour of increased exposure to structured high yield debt and hybrid corporate bonds, which represented a significant change in the investment approach for the Fund. For this reason performance since inception figures for the Wholesale and On-platform Class A products shown are from this significant event date (1 June 2004). The asset allocation changed on 19 October 2009 when the target asset allocation of 50% traded high yield and 50% private debt was removed. As from 31 December 2011, the Fund invests in private debt investments and has a small holding in cash and liquid securities.
About the PDS
Accessing PDS information
Under the heading ‘PDS information’ on the side menu you will find links to the following On-Platform and/or Off-Platform documents:
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PDS
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Incorporated information (the information incorporated by reference in the PDS, and which forms part of the PDS).
Before making a decision about investing or reinvesting in the Fund (On-Platform and/or Off-Platform as applicable), all investors should read both documents. These documents can also be obtained by contacting us on 1800 658 404.