Managed Income Portfolio Service

FIIG’s Managed Income Portfolio Service (“MIPS”) enables Financial Advisers to deliver their wholesale investor clients the key benefits of directly owning fixed income securities with the expertise of a professional investment management team.

Investors with a minimum of $5M can customize their Investment Mandate. Alternatively, investors can choose from four MIPS Investment Programs, designed to appeal to a diverse range of investor appetites that encompass considerations of product preference, target return and credit risk tolerance.   

The benefits of investing with MIPS

Point 1Managed
Bond Portfolio

Your client's portfolio is managed by fixed income experts focused entirely on creating value. Your administration is assisted by transparent reporting and streamlined data feeds.

Point 2Regular
Income 

Your client's benefit from a regular income (coupon) stream that can either be distributed to a nominated bank account or automatically reinvested.  

Point 3Portfolio
Diversification 

MIPS maximises your client's exposure diversity through FIIG’s unique DirectBond service enabling us  to offer bonds in $10,000 parcels. A $250,000 investment will, over time, hold 25 different bonds.

Point 4Direct
Ownership

Your client's bonds are held in their own individually named account, they are not units in a trust.

How MIPS Works

To start investing in MIPS, you and your client need to choose an investment program that works best for them. Once you have chosen the investment program, FIIG establishes an individual Funding Account for each investor and creates a portfolio of fixed income investments that meet the chosen program. 

In addition, FIIG then

  • Adjusts holdings in response to changes in markets and investment opportunities
  • Provides custodial and reporting services
  • Provides compliance monitoring and supervisory oversight.    

As an investor in MIPS, your client receives:

  • Option to reinvest coupons or sweep this income to their nominated bank account
  • 24/7 online access to individual holding information as well as portfolio performance, valuations and funding account balances
  • Monthly and annual statements.
Kieran Quaine - Portfolio Manager

MIPS offers wholesale investors the opportunity to earn meaningful improvements in returns and liquidity over Cash and Term Deposits through the direct ownership of a significantly diverse range of quality assets that include Australian Bank and Corporate Bonds

kieran-quaineKieran Quaine, Head of MIPS Portfolio Management

Lonsec accreditation - The one to watch

COREDATA SMSF awards 2015 - Fixed income winner - SMSF member category

COREDATA SMSF awards 2014 - Fixed income winner - SMSF adviser category

COREDATA SMSF awards 2013 - Fixed income winner - SMSF member category

Why invest with MIPS?

MIPS is a  simple, scalable and  professionally managed solution for advisers that provides direct bond ownership.

  • One Fixed Income Solution - direct fixed income investment solution for your clients that includes portfolio management, administration, custody and reporting
  • Convenience and simplicity - allow the MIPS team to take over the day to day management of your clients fixed income investments so you can focus on providing strategic asset allocation and financial planning advice to your clients
  • Direct bond ownership benefits – your clients have their own custody account ensuring beneficial ownership and that their investments are segregated 
  • Certainty of income – amount and timing of income is generally known
  • Access to wholesale fixed income markets – providing your clients with institutional access to the liquid A$ dollar bond market that is worth approximately $1 trillion and to deal flow as market opportunities arise
  • Platform integration – reporting on IRESS Xplan, Class Super, SuperIQ
  • A simple, scalable fixed income solution
  • Transparency you can view your client's individual holdings, risk and cashflows 24/7 via our secure website

FIIG's Managed Income Portfolio Service

Video: FIIG Managed Income Portfolio Service

About FIIG’s Managed Income Portfolio Service

Video: About FIIG’s Managed Income Portfolio Service

Meet your Portfolio Manager, FIIG – The Fixed Income Experts

Video: Meet your Portfolio Manager

MIPS programs

The minimum investment amount for MIPS is $250,000 for each investment program, or $5m for a Customised Investment Program.

Conservative Investment Program

Conservative Income

3.87% Gross Yield to Maturity (YTM)

Regular income with exposure to investment grade credit only.

Conservative Income invests in investment grade senior and subordinated bonds. Longer dated bonds form a key part of portfolios generating yield from credit and interest rates. The mix of holdings of fixed and floating rate bonds will shift through the interest rate cycle.  

Core Income Investment Program

Core Income

4.13% Gross Yield to Maturity (YTM)

Regular income investing in senior debt only

Portfolios are predominantly exposed to investment grade senior bonds with a small allocation to unrated bonds. Exposure is to medium to longer tenor maturity profiles, facilitating higher yield generation. The mix of holdings of fixed and floating rate bonds will shift through the interest rate cycle.

Conservative Investment Program

Income Plus

5.94% Gross Yield to Maturity (YTM)

Higher income with moderate risk

Income Plus has a broader mandate to invest across the capital structure, senior through to subordinated bonds, and across the credit spectrum to include investment and non-investment grade companies. The allocation to select non-investment grade credits based on credit strength and subordinated bonds generates portfolio yield. The credit exposure and mix of rated and unrated bonds will shift through the credit cycle.

Inflation-linked Income Investment Program

Inflation-Linked Income

4.56% Gross Yield to Maturity (YTM)

Inflation Linked invests in pure inflation-linked bonds, CIBs and ILBs, issued by governments, semis and corporates and in FRNs that are highly correlated to inflation. FRNs are included to generate excess yield via credit exposure. The exposure to longer and shorter maturity ILBs will vary through the inflation cycle.

Customised Investment Program Customised Investment Programs

For investments of $5m +

MIPS offers the ability to create a bespoke fixed income portfolio based on your key investment objectives including liquidity, credit, duration, diversification and Ethical, Social & Governance (ESG) position.

Let the experts manage your Fixed Income Portfolio



Meet the MIPS team

kieran-quaine

Kieran Quaine

Head of MIPS Portfolio Management

EmmaJenkin-MIPS-microsite

Emma Jenkin

Director - Managed Accounts

Megan-Romeo-MIPS-microsite

Megan Romeo

Assistant Portfolio Manager

Cathal-for-MIPS-microsite

Cathal Mitchel

Product Manager

Call usCall us on

 1300 752 663

You can find FIIG here

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