Altius Bond Fund

An active and diversified fixed income fund which aims to deliver clients solid income generation coupled with low capital volatility.

About the fund

The Altius Bond Fund aims to optimise returns in all economic cycles—delivering investors solid income generation coupled with low capital volatility.

The Fund is differentiated by:

  • a high conviction approach, focused on delivering absolute returns throughout an economic cycle
  • a diversified portfolio of government and credit securities, with the potential to generate regular income paid quarterly
  • a flexible duration mandate ranging from cash to long bonds
  • investing only in domestic assets, thus avoiding importation of global risks (e.g. currency), and
  • a focus on managing downside exposure to interest rate, credit and liquidity risk.

Australian Unity Funds Management Limited is the Responsible Entity for the Fund.

Fund information

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Fund performance

Fund Snapshot

APIR Code WSF0486AU
Minimum initial investment $5,000
Management fees 0.5531% p.a.
Estimated recoverable expenses 0.1045% of the net asset value of the Fund for each financial year ending 30 June
Performance fee Nil
Buy/Sell spread Nil

Performance

Total Return1 Benchmark* Active return
1 mth % 0.36 0.44 -0.08
3 mth % 0.82 0.87 -0.05
6 mth % 0.45 0.55 -0.10
1 yr % pa 2.34 2.09 0.25
3 yrs % pa 3.31 3.47 -0.16
Since Inception ‡ % pa 4.85 4.21 0.64

As at 30 April 2017

*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 14 June 2011.

View Performance History

Unit Prices

Effective date 22 Jun 2017
Entry price $1.0157
Exit price $1.0157
View Unit Price History

Distributions

Frequency Quarterly
Period end 31 Mar 2017
Cents per unit 0.5136
Reinvestment price $1.0086
View Distribution History

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.

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 Application Form.

For more information, speak to your financial adviser or contact us

Important information

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 October 2016) 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 2017) 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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