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AMP Capital Corporate Bond Fund

The AMP Capital Corporate Bond Fund is a ‘true to label’ corporate bond fund that aims to preserve capital and deliver strong monthly income. The fund invests mostly in investment grade companies with only 10% permitted in high yield. We invest mainly in Australia, but also improve the diversification of the fund by holding bonds in industries and companies based abroad.

Why invest in the fund?

Potential for a total return above that of government bonds

Potential for a total return above that of government bonds

By investing in corporate bonds, there is the potential for greater total returns (primarily income but also some capital growth) than that achieved by investing in government bonds.

Highly diversified portfolio helps to minimise risk

Highly diversified portfolio helps to minimise risk

We invest in a range of industrials such as financials, utilities and telecommunication providers within the corporate bond market. With more than 100 securities typically held at any one time, this helps us minimise risk and broaden the opportunity set.

Competitive edge in accessing compelling investment opportunities

Competitive edge in accessing compelling investment opportunities

With over 40 years’ presence in the fixed income market, our scale, brand and relationships give us a competitive edge in deal sourcing. This allows us to find well priced opportunities locally and offshore.

Regular monthly income

Regular monthly income

Provides regular monthly distributions.

What are the key risks?

The key risks of the fund relate to interest rates and credit.

Prospective investors should refer to the Product Disclosure Statement and consider factors relating to investment risks. As a result of risk factors, as well as other risks inherent in any investment, an investment in the fund is not appropriate for all investors. There can be no assurance that the fund will meet its investment objective or that investors will receive a return of their capital. Prospective investors should consult with their own advisors before deciding to invest in the fund.

The team

David Carruthers
Head of Credit and Core
Read bio
David Carruthers
Head of Credit and Core
BCom (Finance)
Close David Carruthers was appointed to his current role in 2014. He leads the Global Fixed Income team’s credit and core bond fund capabilities and is responsible for macro credit strategy. Mr Carruthers was previously Senior Portfolio Manager within Credit Markets from 2003 and led the Credit Portfolio Management stream as well as macro credit strategy. Fund coverage include dedicated credit funds such as the Corporate Bond Fund, the absolute return long/short levered Credit Strategies Fund and the responsibility for aligning model portfolios across credit and core bond fund formats. Mr Carruthers is a senior member of the group that determines Global Fixed Income sector positioning and risk management strategy and is a Credit Investment Committee member.

Mr Carruthers is media trained and also has extensive experience with clients, asset consultants and other stakeholder relationships as well as building out the investment process and fixed income product development. Prior to his Senior Portfolio Management role, Mr Carruthers joined the Global Fixed Income team as a Money Market Dealer in 2000. Before joining AMP Capital, Mr Carruthers held the position of Investment Analyst with GIO Asset Management where he managed the GIO Deposit Pool Trust and GIO Australia Money Market Funds. He was also responsible for bill market analysis, arbitrage, trading and contributing to the overall money market strategy. Mr Carruthers holds a Bachelor of Commerce in Finance from Macquarie University. 

Fund facts

Direct Investment

APIR code AMP1285AU
Investment objective Primary: The AMP Capital Corporate Bond Fund aims to deliver regular monthly income, whilst seeking to provide capital stability to investors over the medium term. Secondary: To provide total returns (primarily income with some capital growth) above the Fund's benchmark over a rolling 3-year basis.
Minimum suggested timeframe 3 years
Distribution frequency Monthly
Inception date 29 September 2009
Minimum investment A$ 10,000 - Personal Investor/Off-platform Class H
Risk level (1 - 7) 4. Medium
Benchmark "AMP Capital Corporate Bond Fund Composite Index"
Status Open

Investment objective Primary: The AMP Capital Corporate Bond Fund aims to deliver regular monthly income, whilst seeking to provide capital stability to investors over the medium term. Secondary: To provide total returns (primarily income with some capital growth) above the Fund's benchmark over a rolling 3-year basis.
Minimum suggested timeframe 3 years
Distribution frequency Monthly
Minimum investment A$ 10,000 - R unit class
Risk level (1 - 7) 4. Medium
Benchmark "AMP Capital Corporate Bond Fund Composite Index"

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.

*Past performance of this Fund is reported using the UBS Composite Bond Index (All Maturities) up to 28 February 2011, and the UBS Credit Index 0+ thereafter. Note that the UBS Credit Index 0+ was renamed to the Bloomberg AusBond Credit 0+ Yr Index as at 1 October 2014. Note that the benchmark has changed from the Bloomberg AusBond Credit 0+ Yr Index to Bloomberg AusBond Bank Bill Index as at 29 February 2016.

How to invest

Direct Investment

2
Getting started online

Supporting material
3
Complete the application

Apply onlineDownload form

AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM), is the responsible entity of the AMP Capital Corporate Bond Fund (Fund) and the issuer of the units in the Fund. To invest in the Fund, Investors should consider the current information memorandum or other offering or placement memorandum (Offer Document) available from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) (AMP Capital) for the Fund. The Offer Document contains important information about investing in the Fund and it is important that investors read the Offer Document before making a decision about whether to acquire units in the Fund. Neither AMP Capital, AMPCFM nor 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. While every care has been taken in the preparation of this document, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. Actual future results and operations could vary materially from any forecasts, estimates, or opinions. AMP Capital will not necessarily update the recipient of this document if any facts set out in this document subsequently change. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to their objectives, financial situation and needs.

Issuer and responsible entity: AMP Capital Funds Management Limited ABN 15 159 557 721, AFSL 426455. AMP Capital Funds Management Ltd is a member of the AMP Group which includes AMP Capital Investors Limited ABN 59 001 777 591, ASFL 232497 ("AMP Capital", "we" or "us").

About the PDS:

You will find the following offer documents for this fund:

  • PDS
  • 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, you should read both documents. These documents can also be obtained by contacting us on 1800 188 013.