Funds
High Yield Fund
Investment Objective
To provide investors with an attractive income yield and potential for capital growth over rolling three-year periods.Investment Strategy
To actively manage the portfolio and invest primarily in a diversified portfolio of investment grade and non-investment grade, high-yielding fixed interest and hybrid debt/equity investments. These include, but are not limited to, money market securities, bonds, commercial paper, loans, convertible shares/notes, mortgage and asset-backed securities, floating rate notes, reset securities, hybrid debt/equity securities and various derivatives to assist in managing credit, currency, equity, interest rate or yield curve risk, etc. The Fund may also invest in international high yield securities in order to gain an exposure to securities available outside the domestic market.
Fund Features
| Inception date | 4 September 2003 |
|---|---|
| APIR code | PIM0003AU |
| Distribution frequency | Quarterly |
| Investment minimum | $100,000 |
| Minimum withdrawal | No minimum |
| Volatility / risk | Medium |
| Estimated management cost | 0.45% |
| Fees and charges | Estimated performance fee: 0.15% |
| Regular Investment Plan | Not available in this product |
| Buy / sell spread | 0.50% |
| Products available through | The Portfolio Service, BT Wrap, Spectrum Super, Macqurie Wrap and Austchoice Super |
Performance
UNITED HIGH YIELD WHOLESALE FUND | As at | 3 mths % p.a. | 1 yr % p.a. | 2 yrs % p.a. | 3 yrs % p.a. | 4 yrs % p.a. | 5 yrs % p.a. | S.I. % p.a. | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| None | |||||||||||
| United High Yield Fund | 28/11/08 | -11.2 | -15.2 | -4.6 | -0.2 | 1.5 | 3.3 | 3.3 | |||
Underlying Sector Managers
| Manager |
| Fixed Interest |
| United - High Yield |
