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FirstChoice WS Pens - Macquarie WS Income Opportunities

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106345-2024-06-22-02:25.pdf
FUND MANAGER Macquarie Investment Management Australia
ASX Code
APIR FSF1030AU
ASSET CLASS FIXED INTEREST
INVESTMENT STYLE The Fund invests in a wide range of Australian credit-based securities.
INVESTMENT PROFILE The Fund aims to outperform the Benchmark over the medium term and aims to provide higher income returns than traditional cash investments regardless of interest rates or economic cycles.
CURRENCY MANAGEMENT Hedged
INCEPTION DATE 10-06-2009
BENCHMARK Bloomberg AusBond Bank Bill Index
FUND SIZE Bloomberg AusBond Bank Bill Index
DISTRIBUTION FREQUENCY Monthly
NO. OF HOLDINGS
FEES 0.92% p.a.
STRUCTURE

Benefits

Benefits

 

  • Potential for regular income.
  • Potential to deliver returns in different market conditions using a defensive, yet flexible, strategy with a focus on capital preservation.
  • Potential for higher returns than traditional cash investments.
  • Provides potential diversification against equity risk.
  • Access to the investment management expertise of Macquarie Investment Management and other leading fixed interest managers around the world.

 

 

RISK LEVEL Medium
INVESTOR SUITABILITY

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund and are prepared to accept the risks of the Fund 

Risks

Title
Detail

Key Features

Fund description

The Fund provides exposure to a wide range of Australian credit-based securities (predominantly floating and fixed rate corporate bonds, and asset-backed securities) and cash. The Fund may also have exposure to global investment grade credit securities, global high yield credit securities, emerging market debt, hybrid securities and a range of other credit opportunities when they are expected to outperform and reduce exposure to these sectors when they are expected to underperform.

Generally, exposure will be to floating rate notes. The Fund may also have exposure to fixed rate notes with the interest rate risk hedged out through the use of derivatives such as swaps and futures.

Significant features

  • Provides exposure to a diversified portfolio of credit-based investments.
  • Actively identifies outperforming credit sectors.
  • Minimises currency volatility through hedging.

Mandate

How we invest your money

Investment process

The investment process aims to reduce the risk of the Fund being adversely affected by unexpected events or downgrades in the credit rating of the Fund's investments. A disciplined framework is used to analyse each sector and proposed investment to assess its risk.

The Fund gains exposure to securities either directly or through funds managed by a member of the Macquarie Group and external managers. This gives Australian investors access to leading fixed interest managers around the world. Managers are selected and continually reviewed using a rigorous process that draws upon the resources and skills of all aspects of the Investment Manager's operations.

Asset allocation

  • Cash, fixed income and credit-based securities: 20% - 100%
  • Hybrid securities: 0% - 10%
  • Global investment grade credit securities: 0% - 40%
  • Global high yield credit securities: 0% - 15%
  • Emerging market debt securities: 0% - 15%
  • Credit opportunities: 0% - 20%

The Fund may be exposed to derivatives to implement its investment strategy. For example, protection may be purchased on issuers that are believed to be over-valued or at risk of downgrade. These positions increase in value when the underlying instrument falls in value and decrease in value when the underlying instrument rises in value.

The portfolio is generally hedged to Australian dollars.