A dynamic global bond solution

 

What the Macquarie Dynamic Bond Fund offers

Clear philosophy

Focus on preserving capital and managing liquidity

Dynamic approach

Potential for attractive returns across market cycles

Diversification

Potential for diversification against equity market risk

All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying assets. Generally, the higher the potential return of an investment, the greater the risk.

The risks of investing in this fund include:

  • Investment risk: The fund seeks to generate higher returns than traditional cash investments. The risk of an investment in the fund is higher than an investment in a typical bank account or term deposit. Amounts distributed to unitholders may fluctuate, as may the fund's unit price. The unit price may vary by material amounts, even over short periods of time, including during the period between a redemption request being made and the time the redemption unit price is calculated.
  • Manager risk: There is no guarantee that the fund will achieve its performance objectives, produce returns that are positive, or compare favourably against its peers. The manager may change its investment strategies and internal trading guidelines over time, and there is no guarantee that such changes would produce favourable outcomes.
  • Income securities risk: The fund may have exposure to a range of income securities, including high yield, emerging markets and structured securities. The value of these securities may fall, for example due to market volatility, interest rate movements, perceptions of credit quality, supply and demand pressures, market sentiment, or issuer default. These risks may be greater for securities offering higher returns, for example high yield or emerging market securities. Income security risk may cause unit price volatility and/or financial loss to the fund.

For a full description of the risks of investing in the Fund, investors should read the Product Disclosure Statement before deciding to invest. 

More fund information

Macquarie Investment Management has been managing cash and fixed income portfolios since 1970. Over 100 investment professionals manage $172 billion1 in fixed income and currency assets globally.

The Fund aims to outperform the Bloomberg AusBond Composite 0+ Yr Index2 over the medium term (before fees). It aims to provide diversification against equity risk as well as income and some capital growth through a flexible investment strategy.

The Fund provides exposure to an actively managed diversified portfolio of Australian and international fixed interest securities such as sovereign bonds and investment grade credit. The Fund may also provide exposure to high yield credit securities and emerging market debt when these sectors are expected to outperform. 

Generally, exposure will be to fixed rate notes. The duration profile of the Fund is actively managed through the use of derivatives such as swaps and futures. 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.

Management fee: 0.614% pa (of net asset value of Fund and inclusive of GST).

Read the Product Disclosure Statement for more details on fees and expenses that may be charged.

Generally quarterly

  • Zenith3 – Recommended
  • Lonsec4 – Recommended
  • Morningstar5 – three star Morningstar RatingTM (quantitative rating)

These reports are only available to licensed financial advisers on request. Please contact your local BDM.

Available on:

  • Advantage
  • Asgard
  • BT Panorama
  • BT Wrap
  • Federation
  • FirstWrap
  • GrowWrap
  • Hub 24
  • IOOF Pursuit
  • Macquarie Accumulator
  • Macquarie Wrap
  • MLC Wrap
  • National AUST Financial Management
  • Netwealth
  • North
  • Oasis
  • PortfolioCare
  • PortfolioOne
  • Praemium

Find out how we can help


If you'd like to speak to a Macquarie Business Development Manager about how we can help, get in touch.

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