Managed Income Portfolio Service

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

The benefits of investing with MIPS

Investment
Expertise

The MIPS Portfolio Management team are experts focused entirely on creating value for investors.

Regular
Income

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

Portfolio
Diversification

MIPS maximises 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

Direct
Ownership

The bonds are held in your own name, they are not units in a trust.

How MIPS Works

Once you have chosen an Investment Program, the MIPS Portfolio Management Team (PMT) will invest in fixed income assets according to the program’s mandate and replicate its model portfolio. The MIPS PMT will rebalance your holdings in response to changes in markets and investment opportunities.

As a MIPS client, you receive:

Regular income payments (coupons) either reinvested or paid into your nominated account.

The opportunity to subscribe to multiple Investment Programs.

The option to transfer approved assets ‘in-specie’ into your MIPS account.
Full transparency, with 24/7 online access to your portfolio’s performance, valuations, transactions and income.

Monthly and annual statements of portfolio accounts, and a quarterly economic and fixed income market commentary from the MIPS PMT.
Invitation to regular presentations by the MIPS PMT in each state office.

Custodial services.

Compliance monitoring, supervisory oversight and independent audit by PWC.

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 Quaine, Head of MIPS Portfolio Management

Why invest with MIPS?

Investing with MIPS provides the following benefits:

Professional fixed income portfolio management by industry experts.
Choice of three Investment Programs or a customised Investment Mandate for investments over $5million.
Maximum diversification through the use of FIIG’s DirectBonds service, independent of your investment volume and the Investment Program chosen.
Direct beneficial ownership of the portfolio of fixed income securities via your own custody account.
Cut down on administration as FIIG administers any notices and corporate actions related to your investments.
Simple and clear fee structure.

Investors can choose from four MIPS Investment Programs, with a minimum investment of $250k, each designed to appeal to a range of investors’ product preferences, target returns and credit risk tolerances. Alternatively, Investors with a minimum of $5million can customize their Investment Mandate.

FIIG's Managed Income Portfolio Service

About FIIG’s Managed Income Portfolio Service

Meet your Portfolio Manager

MIPS Investment Programs

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

Conservative Income

4.53%
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

4.52%
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.

Income Plus

6.01%
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.

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

Download the MIPS fact-sheet

Meet the MIPS team

kieran-quaine

Kieran Quaine

Head of MIPS Portfolio Management

Marcus Blake

Director - Distribution, MIPS

marcus.blake@fiig.com.au

0427 063 362

Megan-Romeo-MIPS-microsite

Megan Romeo

Assistant Portfolio Manager

Call us on

1800 01 01 82

The Corporate Bond
Report 2018

The Corporate Bond
Report 2018

The Corporate Bond
Report 2018

Managed Income Portfolio Service