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  5. AMP - Generations - AMP Australian Monthly Income - Managed fund profile

AMP - Generations - AMP Australian Monthly Income - Managed Fund (Closed)

Fund Objective
The fund aims to provide a competitive monthly income return while at the same time providing a stable unit price.
Fund Strategy
The fund invests in a diversified portfolio of quality Australian loans, fixed interest securities and cash. Mortgages are actively managed with an emphasis on the management of credit risk. All loans are secured by a mortgage over property. The loan is generally restricted to 70 per cent of the value of the property or 80 per cent of the total development costs of development loans. Fixed interest securities will be used to manage liquidity positions while potentially offering superior returns to cash.

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 -0.08% 0.08% 0.77% 2.08% 2.74% 3.14% 3.43% 4.34%
Growth return -18% -18.06% -17.97% -17.94% -9.6% -51.05% -53.69% -31.94%
Income return 17.92% 18.14% 18.74% 20.02% 12.34% 54.19% 57.12% 36.28%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.32% 0.94% 2% 4.25% 4.32% 4% 2.47% 2.06%
As at 31 Oct 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AMP - Generations - AMP Australian Monthly Income
Cash
76.18%
Fixed Interest
23.82%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
20.03%
Fixed Interest
79.26%
Australian Equities
0.03%
International Equities
0.03%
Alternatives
0.66%

General Information

Fund Details
Type Description
AMP - Generations - AMP Australian Monthly Income
Closed
AMP-National Mutual Funds Management Ltd
NML0570AU
Mortgages
starstarstar (as at 28 Feb 2011)
Investment Fund
30 Aug 2004
$1.64 million (as at 31 Oct 2016)
$0.02627 (as at 8 Nov 2016)
$0.02627 (as at 8 Nov 2016)
Finalised
Offer information
Type Description
MER 1.18% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 1.19% (as at 30 Jun 2016)
Minimum initial investment
Minimum additional investments
Minimum redemption amount $500.00

FAQs about the AMP - Generations - AMP Australian Monthly Income

The objective of the AMP - Generations - AMP Australian Monthly Income managed fund is The fund aims to provide a competitive monthly income return while at the same time providing a stable unit price.

The strategy of the AMP - Generations - AMP Australian Monthly Income managed fund is The fund invests in a diversified portfolio of quality Australian loans, fixed interest securities and cash. Mortgages are actively managed with an emphasis on the management of credit risk. All loans are secured by a mortgage over property. The loan is generally restricted to 70 per cent of the value of the property or 80 per cent of the total development costs of development loans. Fixed interest securities will be used to manage liquidity positions while potentially offering superior returns to cash.

The APIR code of the AMP - Generations - AMP Australian Monthly Income managed fund is NML0570AU.

AMP - Generations - AMP Australian Monthly Income’s total return last month was -0.08%. This was made up of a growth return of -18% and an income return of 17.92%. These returns were calculated as at 31 Oct 2016.

AMP - Generations - AMP Australian Monthly Income’s total return for the last three months was 0.08%. This was made up of a growth return of -18.06% and an income return of 18.14%%. These returns were calculated as at 31 Oct 2016.

AMP - Generations - AMP Australian Monthly Income’s one-year total return is 2.08%. This was made up of a growth return of -17.94% and an income return of 20.02%. These returns were calculated as at 31 Oct 2016.

AMP - Generations - AMP Australian Monthly Income’s one-year total return is 3.14%. This was made up of a growth return of -51.05% and an income return of 54.19%. These returns were calculated as at 31 Oct 2016.

The asset allocation of the AMP - Generations - AMP Australian Monthly Income managed fund is :

Cash
76.18%
Fixed Interest
23.82%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the AMP - Generations - AMP Australian Monthly Income managed fund is AMP-National Mutual Funds Management Ltd.

The AMP - Generations - AMP Australian Monthly Income managed fund belongs to the Mortgages sector/asset class.

As at 31 Oct 2016, the size of the AMP - Generations - AMP Australian Monthly Income managed fund was $1.64 million.

The AMP - Generations - AMP Australian Monthly Income managed fund has an inception date of 30 Aug 2004.

The current entry price of the AMP - Generations - AMP Australian Monthly Income managed fund is $0.02627 per unit and the current exit price is $0.02627 per unit (as at 8 Nov 2016).

The current exit price of the AMP - Generations - AMP Australian Monthly Income managed fund is $0.02627 per unit and the current entry price is $0.02627 per unit (as at 8 Nov 2016).

The minimum initial investment amount for the AMP - Generations - AMP Australian Monthly Income managed fund is $0. Minimum additional investment is $0.

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.