Skip to content

IAM Income MDA

The IAM Income MDA is a Managed Discretionary Account giving wholesale investors direct ownership of a portfolio of investment-grade bonds and syndicated term loans – overseen by an expert Investment Committee.

A Managed Discretionary Account Built for Income

Direct Ownership, Diversified

Directly own a professionally managed portfolio of investment-grade bonds and syndicated term loans of capital-stable, cash-generative investments, currently targeting RBA Cash + 3.00%-3.50% (pre-fees).

Download IAM MDA Brochure

What the IAM Income MDA Offers

Distribution network

Direct Ownership, Complete Transparency

Own the underlying bonds and loans directly, with full transparency, independent custody and clear portfolio reporting.

Portfolio management

Reliable Income in Any Rate Environment

Generate regular income from a diversified portfolio targeting RBA Cash Rate + 3.0%–3.5% before fees.

Transparency

Access Investments Typically Reserved for Institutions

Access institutional-grade syndicated loans traditionally available only to banks and large investment managers.

Investments

Capital Stability, Income Generating

A defensive fixed income strategy focused on preserving capital while delivering consistent income.

No shared costs

Low Cost, High Value

Access institutional-grade investments with low, transparent fees helping you keep more of what you earn.

Service

Backed by Experienced Investment Professionals

Active portfolio management, expert oversight and seamless administration all managed by experienced professionals.

Expert Investment Committee Oversight

Jim Simpson
Chair, Investment Committee
Director, IAM

Jim has over 35 years of active fund management experience, including as a founding member of Platinum Asset Management and more recently, management of his own family office. Jim has a foundation in equities and has broadened that focus in the past decade towards the bond markets and private credit.

As Investment Committee Chair, Jim combines deep knowledge of investment products and financial markets with an investor’s lens on credit selection and risk management.

Watch the interview with Jim where he discusses his philosophy on investment.

Danielle Press
Director, IAM

Danielle has extensive experience in capital markets, asset management and financial services regulation. She was a Commissioner of the Australian Securities and Investments Commission from 2018-2023. She currently chairs the Superannuation Trustee Boards of Insignia Financial.

Her leadership experience includes holding the CEO role at the Myer Family Company and Equip Super. Prior to that, Danielle spent 17 years at UBS, in a range of roles focusing on investment, risk management and client solutions in Australia, Singapore and Chicago.

She began her career at the Reserve Bank of Australia in the International Department. Danielle holds a Bachelor of Economics (Hons) from the University of Western Australia.

Active Portfolio Management

Matthew Macreadie
Executive Director, Credit Strategy and Portfolio Management

Matthew provides credit commentary/views on the bond market and specific credit issuers with the aim of aiding investors to make better risk-return decisions. He has executed 1, 3, and 5-year credit-strategies that have been consistently above benchmark.

Prior to IAM, Matthew spent eight years as a Senior Credit Portfolio Manager at Aberdeen Standard, where he was responsible for the credit portfolio construction and security selection across a wide range of investment-grade/high-yield, financial and non-financial sectors.

Matthew began his career at KPMG and then spent six years at Colonial First State Global Asset Management as a Fixed Income Credit Analyst. He holds a Masters of Applied Finance degree from Macquarie University and a Bachelor of Commerce degree from UNSW.

Income MDA Product Details

 

Ownership Structure Assets are directly owned by the investor as a diversified portfolio of investment-grade bonds and syndicated term loans. The Income MDA is not a unitised fund or pooled investment.
Target Return RBA+3.00%-3.50% (before-fees).
Yield to Maturity Current yield to maturity 7.66% (before fees, at 30 June 2026).
Liquidity Fully accessible, no fixed term. Withdraw with 30 days notice.
Portfolio composition Australian Bonds and Corporate Syndicated Loans with an average rating of BBB- (investment-grade).
Minimum Investment $1,000,000
Distributions Distributions are paid in line with bond coupon payments, frequency varies by holding.
Real-time reporting Real-time portfolio visibility via online dashboard, with formal monthly reporting and semi-annual opportunity to
meet with Investment Committee
Fees 0.50% Management fee
0.10% Bond custody and administration fee when held with Perpetual Corporate Trust, through TAL.
Target Allocations Investment Grade Bond and Syndicated Term Loans: 50% / 50%
Unrated Bonds and Loans: 50%
Per Issuer Exposure: 10%
Per Security Exposure: 5%
Number of Holdings: 20. May range between 15-25.
Trustee Trustees Australia Limited (TAL)
Custodian Perpetual Corporate Trust

Find out more about the IAM Income MDA

Speak to an IAM Relationship Manager about integrating a high-conviction, transparent and actively managed account into your investment strategy.

Email Us

Research Hub

Get free instant access to IAM’s Research Hub, where you’ll find valuable insights, trade ideas, detailed issuer and issue specific credit opinions, educational content and our bond pricing calculator.

April 22 2025 | 2 min

IAM logo

IAM to Launch Managed Account with Syndicated Loan Access

Read Article
View IAM to Launch Managed Account with Syndicated Loan Access

October 8 2024 | 2 min

IAM logo

Australian Bonds Seen Outperforming in 2025

Read Article
View Australian Bonds Seen Outperforming in 2025

March 27 2025 | 3 min

IAM logo

IAM Syndicated Loans vs Private Credit Funds

Read Article
View IAM Syndicated Loans vs Private Credit Funds

April 14 2025 | 3 min

IAM logo

The Quiet Strength of Syndicated Loans in a Noisy Private Credit Market

Read Article
View The Quiet Strength of Syndicated Loans in a Noisy Private Credit Market