About the fund
We are pleased to announce that on 29 November 2021, Altius Bond Fund unitholders voted in favour of the proposal to merge with the Altius Sustainable Bond Fund (Merger). As a result, the implementation of the Merger occurred on 7 December 2021.
This means that effective 7 December 2021 investors no longer hold units in the Altius Bond Fund and instead hold units in the Altius Sustainable Bond Fund.
Immediately following the Merger, the value of an investor’s holding in the Altius Sustainable Bond Fund is exactly the same as their holding in the Fund immediately prior to the Merger.
Please refer to the announcements section for further information.
Fund information
Fund performance
Fund Snapshot
| APIR Code | AUS0071AU |
|---|---|
| Minimum initial investment | $5,000 |
| Management fees | 0.37% p.a. |
| Estimated recoverable expenses | 0.12% of the gross asset value of the Fund for the financial year ending 30 June 2017* |
| Performance fee | Nil |
| Buy/Sell spread | 0.00%/0.10% |
Performance
| Total Return1 | Benchmark* | Active return | |
|---|---|---|---|
| 1 mth % | -0.12 | -0.54 | 0.42 |
| 3 mth % | 1.26 | 0.05 | 1.21 |
| 1 yr % pa | -1.89 | -2.32 | 0.43 |
| 3 yr % pa | -1.46 | -1.36 | -0.10 |
| 5 yr % pa | 0.27 | 0.90 | -0.63 |
| Since Inception ‡ % pa | 1.40 | 1.62 | -0.22 |
As at 31 December 2022
*Effective 1 July 2016, Benchmark is 50% Reserve Bank of Australia Cash Rate and 50% Bloomberg AusBond Composite 0+Yr Index and applied retrospectively for all periods.
1Total Return is calculated after fees and expenses and assumes the reinvestment of distributions. Past performance is not a reliable indicator of future performance.
‡ Inception date for performance calculation is 21 November 2014.
Unit Prices
| Effective date | 2 May 2024 |
|---|---|
| Entry price | $0.9411 |
| Exit price | $0.9402 |
Distributions
| Frequency | None |
|---|---|
| Period end | 29 Dec 2023 |
| Cents per unit | 0.3500 |
| Reinvestment price | $0.9424 |
Investment process
Altius employs an active and diversified strategy that aims to capture the upside of the bond market, while avoiding returns less than cash in a rising rate or deteriorating credit environment.
Crucial in today’s environment, the Fund has a flexible mandate that enables it to shift duration and sector exposures. The team invests with high conviction and is willing to take significant positions away from the benchmark.
Risk management is embedded in strategy formulation and is a central driver of our investment process.
Why invest with Altius?
Altius was formed after the global financial crisis. A team of seasoned bond portfolio managers used their learning from those difficult years to hone an investment approach that’s designed to optimise returns for investors, while seeking to preserve capital in all market conditions.
Altius meets the requirements of a defensive asset class while offering more flexibility than most traditionally managed fixed income portfolios.
Fixed income investments are an important part of any balanced portfolio, and are here to stay. It’s all about picking the right manager—one that, when it comes to managing defensive assets, is focused as much on capital preservation as it is on growing wealth.
Ratings and awards
* Investment Grade rating by Lonsec Research
** Approved rating by Zenith Research
How to invest
If you would like to invest in this Fund, please contact your Financial Adviser.
Alternatively you can invest in the Fund directly. Please ensure that you have read and understood the Product Disclosure Statement and Additional Information Document prior to completing the Online Application Form or
Download paper application formFor more information, speak to your financial adviser or contact us
This product is issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No. 234454. The information contained above is not based on the objectives, financial situation or needs of any particular investor. In deciding whether to acquire, continue to hold or dispose of the product you should obtain the Product Disclosure Statement and consider whether the product is appropriate for you. The website was prepared in good faith and we accept no liability for any errors or omissions. Past performance is not a reliable indicator of future performance.
* The Lonsec Rating (assigned August 2021) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Australian Unity Funds Management Limited’s (Fund Manager) product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings
** The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2021) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines
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