The benefits of direct fixed income ownership, professionally managed for your peace of mind

Download the information memorandum

FIIG’s Managed Income Portfolio Service (MIPS) provides wholesale investors day to day professional portfolio management, while retaining beneficial ownership of fixed income securities. MIPS offers four Investment Programs – Conservative Income, Core Income, Income Plus and Inflation-Linked tailored to your risk appetite and investment goals. You also have the option of a fully customised program for investment amounts of over $5million.

Regular and Timely Income
MIPS provides a regular income stream through interest payments and liquidity.

Direct Ownership
Retain beneficial ownership of the portfolio of fixed income securities held in your custody account or your name.

Managed Professionally
Receive full professional investment management, delegating the day-to-day running of your portfolio of fixed income securities to the experts.

FIIG Expertise
At FIIG we concentrate on just one financial discipline – fixed income products. That’s how we’ve earned our reputation for being the experts.

HOW MIPS WORKS

You choose an investment program that works best for you

FIIG establishes an individual Funding Account in your name

FIIG creates and manages a portfolio of fixed income investments that meets your chosen program

You have 24/7 online access to holding information, portfolio performance, valuations and funding account balances

How MIPS Works

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

FIIG carefully reviews and selects each investment opportunity to make sure it’s consistent with the mandate for each program. In addition, FIIG then:

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

As a MIPS client, you receive:

Access to coupons as they are paid;
Option to have these coupons paid to your nominated account;
24/7 access to individual holding information as well as portfolio performance, valuations and funding account balances; and
Monthly and annual statements.

Why FIIG's MIPS?

Benefits of direct fixed income ownership, professionally managed for peace of mind

Receive full professional investment management, delegating the day-to-day running of your portfolio of fixed income securities to the experts.
Simple and direct ownership, with no structuring you have direct beneficial ownership of the portfolio of fixed income securities via your own custody account
Receive regular and timely income.
Enjoy full transparency, with online details of your portfolio’s performance, valuations, transactions and income.
Make life simpler. You receive your fixed income portfolio management, administration, reporting and custody in one place.

Cut down on administration. FIIG receives and administers any notices and corporate actions related to your investments.
Benefit from diversification. Your Managed Portfolio Account will be invested in a minimum number of fixed income securities, as specified in your selected Investment Program.
Simple and clear fee structure.

Managed Income Portfolio Service is a truly customisable solution

For investment amounts less than $5 million, you’re able to invest in the available Investment Programs according to your risk appetite, targeted return hurdles, and/or broader objectives of your overall investment portfolio.
For investment amounts of $5 million or greater, you’re able to tailor your fixed income investment program.

MIPS Programs

Minimum investment amounts
The minimum investment amount for MIPS is $250,000 for each Investment Program, or $5 million for a Customised Investment Program.

Conservative Income Investment Program – 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 – 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 Investment Program – 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 – Income linked to inflation to protect purchasing power
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 – Tailored 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.

MIPS SEMINARS

Join Emma Jenkin, Director - Managed Accounts, to find out how MIPS combines the benefits of direct fixed income ownership with professional investment management for your peace of mind.

Seminars will be run across the country, in Adelaide, Brisbane, Canberra, Melbourne, Perth and Sydney. All seminars start at 11am local time.

Register for a MIPS Seminar

MIPS WEBINARS

Join Liz Moran, Director of Client Education and Research and Emma Jenkin, Director, Managed Accounts for this MIPS specific webinar. Liz and Emma will outline each of the MIPS investment programs and explain how MIPS can give you the benefits of fixed income ownership without having to actively manage a portfolio yourself.

Date: Tuesday 18 August 2015
Time:

11.00am NSW, QLD, VIC
10.30am SA, NT
9.00am WA

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FIIG at a Glance

$11bn
Funds under management

7,000
Account holders

17 years
Established 1998

$1bn
FIIG Originated bonds

FIIG is Australia’s leading fixed income specialist. For 17 years we’ve been providing investors with direct access to bond markets and a range of term deposits and other cash solutions. We also help Australian corporates fund their growth through access to bond markets. We’re also Australia’s largest specialist fixed income provider with over $11 billion currently under investment.

CLIENT TESTIMONIALS

FIIG has been a big part of our success and have always been very understanding of our needs and priorities. They are also very good at keeping one eye on performance to make sure we maximise returns.

Tony Eviston, Bathurst Catholic Diocese Fund

When we started buying bonds through FIIG in 2012, it was the first time that we had directly invested in bonds, so it was important to us that we got off on the right foot. We had talked to FIIG for quite some time before finally making a move. We have a lot of confidence in FIIG’s advice and had been very happy with the working relationship we have developed.

Greg Burrell, University of Newcastle.