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Macquarie Australian Fixed Interest Fund

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101126-2023-07-02-02:36.pdf
FUND MANAGER Macquarie Investment Management Australia
ASX Code MIM03*
APIR MAQ0061AU
ASSET CLASS FIXED INTEREST
INVESTMENT STYLE The Fund provides exposure to a diversified portfolio of predominantly Australian fixed interest securities issued by government or corporate entities and asset backed securities.
INVESTMENT PROFILE

The Fund aims to outperform the Bloomberg AusBond Composite 0+ Yr Index over the medium term (before fees) by using an active investment strategy. It aims to provide regular income and a moderate level of growth
CURRENCY MANAGEMENT Active management
INCEPTION DATE 15-05-1995
BENCHMARK Bloomberg AusBond Composite 0+ Yr Index
FUND SIZE Bloomberg AusBond Composite 0+ Yr Index
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS
FEES 0.39% p.a. of the net asset value of the Fund
STRUCTURE

Benefits

Benefits

Benefits of investing in the Macquarie Australian Fixed Interest Fund

  • Potential for regular income and a moderate level of growth.
  • Potential for above index returns.
  • Potential diversification against equity risk.
  • Access to the investment management expertise of Macquarie Investment Management.
RISK LEVEL Low to Medium
INVESTOR SUITABILITY

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund listed above and are prepared to accept the risks of the Fund set out in Section 4 of the PDS.

Risks

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Detail

Key Features

About the Fund

Using multiple low-risk strategies adaptable across different market conditions, the Macquarie Australian Fixed Interest Fund seeks to deliver consistent excess returns by actively capitalising on the best opportunities available in local fixed income markets.

  • Clear philosophy: Avoid negative surprises, and ensure risk is rewarded.
  • Consistent alpha: Aims to deliver consistent alpha, using multiple low-risk strategies adaptable across different market conditions.
  • Diversification: Potential for diversification against equity market risk.

Investment objective

The Fund aims to outperform the Bloomberg AusBond Composite 0+ Yr Index over the medium term (before fees) by using an active investment strategy. It aims to provide regular income and a moderate level of growth.

Mandate

How we invest your money

The Fund provides exposure to a diversified portfolio of predominantly Australian fixed interest securities issued by government or corporate entities and asset-backed securities.

The Investment Manager aims to deliver above index returns by actively managing the main sources of value-add in the Australian fixed interest market using a disciplined and comprehensive investment process based on a combination of fundamental, economic, quantitative and technical analysis of market conditions. This seeks to ensure a balance between short-term technical factors and longer term market trends.

The Fund gains exposure to securities either directly or through funds managed by a member of the Macquarie Group.

While the Fund is hedged to Australian dollars, the Investment Manager may take limited active currency positions when it is believed that there are opportunities to add value using a disciplined active currency investment process.

The Fund may be exposed to derivatives, including derivatives that increase in value when the underlying instrument falls in value, and decrease in value when the underlying instrument rises in value. Derivatives may be used for hedging and active investment purposes.

Asset allocation

  • Australian fixed interest and cash: 100%