Fund overview
The Future Directions Geared Australian Share Fund gives investors an opportunity to gear into a pure Australian share portfolio through a diversified multi-manager fund.
Key features
-
A multi-manager share investment fund that makes levered investment in equities in Australia.
-
Exposure to a range of best-in-class investment managers, selected by AMP Capital’s specialist multi-manager team.
-
Diversification by manager and investment style, with the aim of delivering more stable returns.
-
The potential for enhanced returns and increased franking credits through the Fund’s use of gearing.
-
A magnified exposure to the Australian share market.
The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.
The Chant West ratings logo is a trademark of Chant West Pty Limited and used under licence.
Issuer and responsible entity: AMP Capital Investors Limited ABN 59 001 777 591, ASFL 232497
| APIR code |
AMP0969AU - On-platform Class A |
| Investment objective |
To provide high returns over the long term through geared exposure to securities listed on the Australian Securities Exchange. The objective of the Fund's portfolio before gearing is applied is to provide total returns (income and capital growth) after costs and before tax, above the S&P/ASX 200 Accumulation Index on a rolling 3 year basis. |
| Investment approach |
In structuring the Fund's portfolio we access a blend of specialist investment managers whose aim is to maximise returns and manage levels of risk. This four-stage process involves: setting objectives and asset allocation, targeted manager selection, portfolio construction and implementation, and ongoing portfolio and manager review. |
| Minimum suggested timeframe |
7 years |
| Distribution frequency |
Annual |
| Inception date |
30 December 2004 - On-platform Class A |
| Risk level (1 - 7) |
7. Very High |
| Status |
Open - On-platform Class A |
| Access |
Available through selected platforms |
| Notes |
* The benchmark for this Fund changed from the S&P/ ASX 300 Accumulation Index to the S&P/ ASX 200 Accumulation Index on 24 May 2011. |
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 benchmark for this Fund changed from the S&P/ASX 200 Accumulation Index to the S&P/ASX 300 Accumulation Index on 23 March 2007 and from the S&P/ASX 300 Accumulation Index to the S&P/ASX 200 Accumulation Index on 24 May 2011. Past performance of this Fund is reported using the S&P/ASX 200 Accumulation Index up to 22 March 2007 and the S&P/ASX 300 Accumulation Index between 23 March 2007 and 23 May 2011. Performance reported after 24 May 2011 uses the current benchmark, the S&P/ASX 200 Accumulation Index.
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.