Macquarie launch flagship income fund (mFund code: MIM01) - ASX

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Macquarie launch flagship income fund (mFund code: MIM01)

New to mFund
mFund
7 June 2018

Macquarie Income Opportunities Fund

Using an active and flexible investment approach that seeks to capitalise on opportunities in local and global fixed income markets, the Macquarie Income Opportunities Fund (Fund) aims to deliver attractive long-term returns and monthly income while preserving capital and managing liquidity risk.

The Fund is found upon three key pillars:
- Clear philosophy
- Flexible strategy
- Income

Clear philosophy: focus on preserving capital and managing liquidity
The Fund is backed by a clear and simple investment philosophy of preserving capital and managing liquidity risk. This focus is the result of years of extensive in-house research supporting our investment processes, and recognising we are managing the defensive part of investors’ portfolios.

Consistent with our bias for capital preservation, we focus on active management in seeking to avoid negative surprises, and uphold a strong respect for liquidity risk which directly influences all of our investment decisions.

Flexible strategy: potential for attractive returns across different market conditions
Our flexible investment approach allows us to adapt to prevailing market conditions, preserving capital in times of stress and seeking to capitalise on opportunities when value is on offer.

This time-tested approach has delivered investors steady long-term returns across different market conditions. This has been the case even in times when credit and liquidity stress have been high; the times we believe are most important in demonstrating the value of quality fixed income management.

Income: potential for monthly distributions, and to outperform cash
The Fund aims to distribute income on a monthly basis. Since inception of the Fund almost 15 years ago, the Fund has delivered investors an unbroken history of monthly income distributions, and excess long-term returns above cash across different market conditions.1

Access the PDS here. View the latest performance update here.

Investment objective: The Fund aims to outperform the Bloomberg AusBond Bank Bill Index2 (Benchmark) over the medium term (before fees). It also aims to provide higher income returns than traditional cash investments regardless of interest rates or economic cycles.

Past performance is not a reliable indicator of future performance.
1. Please note the amount of income distributed may vary, or be nil. 2. The Fund’s Benchmark is the Bloomberg Ausbond Bank Bill Index. Bloomberg Finance L.P. and its affiliates (collectively, ‘Bloomberg’) are not affiliated with Macquarie Investment Management Limited and do not approve, endorse, review, or recommend the Macquarie Income Opportunities Fund. Bloomberg and the Bloomberg AusBond Index or Indexes referred to in this document are trademarks or service marks of Bloomberg and have been licensed to Macquarie Investment Management Limited. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Bloomberg AusBond Index or Indexes referred to in this document.

This information has been prepared by Macquarie Investment Management Australia Limited (ABN 55 092 552 611 AFSL 238321) the issuer and responsible entity of the Fund referred to above. This is general information only and does not take account of investment objectives, financial situation or needs of any person. It should not be relied upon in determining whether to invest in the Fund. In deciding whether to acquire or continue to hold an investment in the Fund, an investor should consider the Fund’s product disclosure statement. The product disclosure statement is available on our website at macquarie.com.au/pds or by contacting us on 1800 814 523. Other than Macquarie Bank Limited (MBL), none of the entities noted in this document are authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.