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  5. AMP Capital - Floating Rate Income - Managed fund profile

AMP Capital - Floating Rate Income - Managed Fund (Closed)

Fund Objective
To provide medium to high returns over the long term, while accepting high levels of volatility. To provide a total return after costs and before tax, higher than the return from the performance benchmark, on a rolling 3 year basis.
Fund Strategy
The Fund invests in a combination of interest rate derivatives and the AMP Capital Corporate Bond Fund. The Fund may also hold cash for liquidity and interest rate management purposes. The Fund will use interest rate futures, interest rate swaps and other interest rate derivatives with the aim of minimising the interest rate risk via the Fund's investment in the AMP Capital Australian Corporate Bond Fund while retaining exposure to the credit spread risks and the income returns from the AMP Capital Australian Corporate Bond Fund.

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 1.1% 2.63% 4.56% 9.73% 7.06% 5.47% 5.77% -%
Growth return 1.1% 2.02% 2.72% 6.08% 2.43% -0.23% -0.32% -%
Income return 0% 0.61% 1.84% 3.65% 4.63% 5.7% 6.09% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.37% 1.12% 2.23% 4.45% 4.05% 2.94% 1.87% 1.92%
As at 30 Nov 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Fixed Interest
73.73%
Australian Equities
0.42%
International Equities
0.05%
Cash
25.78%
Alternatives
0.03%

General Information

Fund Details
Type Description
AMP Capital - Floating Rate Income (Wholesale)
Closed
AMP Capital Investors Limited
AMP1099AU
Australian Short Term Fixed Interest
starstarstar (as at 30 Nov 2010)
Investment Fund
15 Jun 2004
n/a
$1.00099 (as at 22 Dec 2010)
$0.99999 (as at 22 Dec 2010)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.15% (as at 31 Dec 2009)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000,000

FAQs about the AMP Capital - Floating Rate Income

The objective of the AMP Capital - Floating Rate Income managed fund is To provide medium to high returns over the long term, while accepting high levels of volatility. To provide a total return after costs and before tax, higher than the return from the performance benchmark, on a rolling 3 year basis.

The strategy of the AMP Capital - Floating Rate Income managed fund is The Fund invests in a combination of interest rate derivatives and the AMP Capital Corporate Bond Fund. The Fund may also hold cash for liquidity and interest rate management purposes. The Fund will use interest rate futures, interest rate swaps and other interest rate derivatives with the aim of minimising the interest rate risk via the Fund's investment in the AMP Capital Australian Corporate Bond Fund while retaining exposure to the credit spread risks and the income returns from the AMP Capital Australian Corporate Bond Fund.

The APIR code of the AMP Capital - Floating Rate Income managed fund is AMP1099AU.

AMP Capital - Floating Rate Income’s total return last month was 1.1%. This was made up of a growth return of 1.1% and an income return of 0%. These returns were calculated as at 30 Nov 2010.

AMP Capital - Floating Rate Income’s total return for the last three months was 2.63%. This was made up of a growth return of 2.02% and an income return of 0.61%%. These returns were calculated as at 30 Nov 2010.

AMP Capital - Floating Rate Income’s one-year total return is 9.73%. This was made up of a growth return of 6.08% and an income return of 3.65%. These returns were calculated as at 30 Nov 2010.

AMP Capital - Floating Rate Income’s one-year total return is 5.47%. This was made up of a growth return of -0.23% and an income return of 5.7%. These returns were calculated as at 30 Nov 2010.

The asset allocation of the AMP Capital - Floating Rate Income managed fund is :

Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Alternatives
0%

The Responsible Entity for the AMP Capital - Floating Rate Income managed fund is AMP Capital Investors Limited.

The AMP Capital - Floating Rate Income managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 May 2015, the size of the AMP Capital - Floating Rate Income managed fund was $ million.

The AMP Capital - Floating Rate Income managed fund has an inception date of 15 Jun 2004.

The current entry price of the AMP Capital - Floating Rate Income managed fund is $1.00099 per unit and the current exit price is $0.99999 per unit (as at 22 Dec 2010).

The current exit price of the AMP Capital - Floating Rate Income managed fund is $0.99999 per unit and the current entry price is $1.00099 per unit (as at 22 Dec 2010).

The minimum initial investment amount for the AMP Capital - Floating Rate Income managed fund is $10,000,000.

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.