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  5. AMP - Flexible Lifetime Investments - Specialist Geared Australian Share - Managed fund profile

AMP - Flexible Lifetime Investments - Specialist Geared Australian Share - Managed Fund

Fund Objective
The objective of the investment portfolio before gearing is applied is to provide a total return (income and capital growth) after costs and before-tax, above the S&P/ASX 200 Accumulation Index on a rolling 3 year basis.
Fund Strategy
To provide high returns over the long-term through geared exposure to securities listed on the Australian Securities Exchange. The aim is to manage gearing to a level that is supported by expected income. Therefore an investor can gain greater exposure to the Australian share market (and also potentially increased imputation credits) than an investor with a non-geared exposure.

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 -3.42% 0.66% 12.32% 39.27% 13.53% 5.36% 6.57% 6.83%
Growth return -3.42% 0.66% 6.59% -% 9.4% 2.78% 3.96% 5.04%
Income return 0% 0% 5.73% -% 4.13% 2.58% 2.61% 1.79%
Market index (S&P/ASX 200 TR AUD)
Total return -1.31% 2.1% 8.44% 24.89% 13.39% 8.01% 8.17% 8.32%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AMP - Flexible Lifetime Investments - Specialist Geared Australian Share
Australian Equities
81.80%
International Equities
5.52%
Cash
7.89%
Property
4.79%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.36%
International Equities
4.21%
Cash
-0.08%
Property
2.11%
Fixed Interest
0.40%
Alternatives
0.01%

General Information

Fund Details
Type Description
AMP - Flexible Lifetime Investments - Specialist Geared Australian Share
IPAC Asset Management Limited
AMP0850AU
Equity Australia Large Geared
starstarstar (as at 31 Oct 2024)
Investment Fund
23 Mar 2004
$7.97 million (as at 31 Oct 2024)
$1.51536 (as at 21 Nov 2024)
$1.5063 (as at 21 Nov 2024)
Closed
Offer information
Type Description
Standard entry fee 4%
MER 4.37% (as at 30 Jun 2024)
Indirect Cost Ratio (ICR) 4.01% (as at 30 Jun 2024)
Performance fee (not included in ICR) 0
Minimum initial investment $1,500.00
Minimum additional investments $500.00
Minimum redemption amount $500.00

Top 10 holdings (as at 30 Jun 2024)

Holding (as at 30 Jun 2024) Type % of Portfolio
Westpac Banking Corp. 5.895% Bond - Corporate Bond 49.25%
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FAQs about the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share

The objective of the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is The objective of the investment portfolio before gearing is applied is to provide a total return (income and capital growth) after costs and before-tax, above the S&P/ASX 200 Accumulation Index on a rolling 3 year basis.

The strategy of the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is To provide high returns over the long-term through geared exposure to securities listed on the Australian Securities Exchange. The aim is to manage gearing to a level that is supported by expected income. Therefore an investor can gain greater exposure to the Australian share market (and also potentially increased imputation credits) than an investor with a non-geared exposure.

The APIR code of the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is AMP0850AU.

AMP - Flexible Lifetime Investments - Specialist Geared Australian Share’s total return last month was -3.42%. This was made up of a growth return of -3.42% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

AMP - Flexible Lifetime Investments - Specialist Geared Australian Share’s total return for the last three months was 0.66%. This was made up of a growth return of 0.66% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

AMP - Flexible Lifetime Investments - Specialist Geared Australian Share’s one-year total return is 39.27%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

AMP - Flexible Lifetime Investments - Specialist Geared Australian Share’s one-year total return is 5.36%. This was made up of a growth return of 2.78% and an income return of 2.58%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is :

Australian Equities
81.80%
International Equities
5.52%
Cash
7.89%
Property
4.79%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is IPAC Asset Management Limited.

The AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund belongs to the Equity Australia Large Geared sector/asset class.

As at 31 Oct 2024, the size of the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund was $7.97 million.

The AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund has an inception date of 23 Mar 2004.

The current entry price of the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is $1.51536 per unit and the current exit price is $1.5063 per unit (as at 21 Nov 2024).

The current exit price of the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is $1.5063 per unit and the current entry price is $1.51536 per unit (as at 21 Nov 2024).

The minimum initial investment amount for the AMP - Flexible Lifetime Investments - Specialist Geared Australian Share managed fund is $1,500. Minimum additional investment is $500.

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.