Portfolio

AMYF3 is now fully invested having allocated approximately $94 million over 11 different issuers.

AMYF3’s portfolio composition at 31 March 2013 is illustrated below:
Issuer Maturity date YTM when purchased1 Issue Coupon/Margin Type Amount invested ($m)
Royal Bank of Scotland* 27-Oct-14 13.10% BBSW3M + 0.87% Subordinated Debt $5.0
17-Feb-17 13.00% 6.5% (fixed) $3.0
HBOS Plc (Lloyds)* 01-May-17 10.50% BBSW3M + 0.26% Subordinated Debt $4.2
Bank of America* 14-Feb-17 9.80% BBSW3M + 0.38% Subordinated Debt $14.0
FKP Property Group * 05-Jan-16
05-Jan-14 (put)
9.60% 8.00% (fixed) Convertible $3.9
Bank of Queensland* 22-Mar-22
22-Mar-17 (call)
9.10% BBSW3M + 4.25% Subordinated Debt $15.0
Insurance Australia Group* 01-May-19
01-May-17 (call)
8.90% BBSW6M + 4.00% Hybrid $8.0
IMB Ltd.* 29-Jun-22
29-Jun-17 (call)
8.10% BBSW3M + 4.25% Subordinated Debt $8.0
Morgan Stanley* 09-May-17 8.00% 8.00% (fixed) Senior $5.1
22-Feb-17 8.00% BBSW3M + 0.47% $6.2
Loy Yang Power Projects* 12-Nov-15 Unavailable2 BBSY + 1.50% Senior Syndicated Loan $10.0
AMIT 9-Nov-22
9-Nov-17 (call)
7.70% BBSW3M + 3.90% Senior Note $4.0
AMP Bank 21-Dec-22
21-Dec-17 (call)
7.13% BBSW3M + 3.10% Subordinated Debt $7.5

*Redeemed/Matured/Sold
Note 1: The yields are set out above for illustration purposes only. YTMs may be higher or lower depending on interest rate movements (excluding fixed rate investments) and timing of principal repayments. All YTMs are before any fees or expenses of the fund.
Note 2: Due to confidentiality restrictions, we are unable to display the yield for this loan.