Balmain AQUA High Income Trust - Managed Fund (Closed)

Fund Objective

Mirvac AQUA High Income Fund aims to provide income and security of capital.

Fund Strategy

The Mirvac AQUA High Income Fund invests primarily in loans secured by a mix of registered first, second and subordinated mortgage investments and Mortgage Backed Securities via investments in the Mirvac AQUA Mezzanine Debt Pool and the Mirvac AQUA Construction Debt Pool. The Mirvac AQUA High Income Fund will also hold some cash and invest in Liquid Assets. From time to time, it may also invest in the Mirvac AQUA Senior Debt Pool.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0%	-2.28%	-2.28%	-13.93%	-11.42%	-7.62%	-3.39%	0.2%
Growth return	0%	-2.28%	-2.28%	-13.93%	-11.42%	-7.76%	-5.3%	-4.02%
Income return	0%	0%	0%	0%	0%	0.14%	1.91%	4.22%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return	0.3%	0.91%	1.83%	3.89%	4.18%	4.12%	2.77%	2.12%

As at 30 Apr 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Balmain AQUA High Income Trust

Cash: 43.35%

Fixed Interest: 56.65%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 19.09%

Fixed Interest: 80.01%

Australian Equities: 0.03%

International Equities: 0%

Property & Infrastructure: 0.88%

Alternatives: 0%

General Information

Fund Details

Type	Description
Fund Name	Balmain AQUA High Income Trust
Fund Status	Closed
Responsible Entity	The Trust Company (RE Services) Limited
APIR Code	JFF0001AU
Sector/Asset Class	Mortgages Aggressive
Morningstar Rating	(as at 28 Feb 2011)
Legal Structure	Investment Fund
Fund Inception	7 Oct 2004
Fund Size	$18.96 million (as at 31 May 2014)
Entry Price	$0.66883 (as at 30 Apr 2016)
Exit Price	$0.66883 (as at 30 Apr 2016)
Fund Status	Finalised

Offer information

Type	Description
MER	1.27% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR)	1.29% (as at 30 Jun 2011)
Minimum initial investment	$10,000.00

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FAQs about the Balmain AQUA High Income Trust

What is the objective of the Balmain AQUA High Income Trust managed fund?

The objective of the Balmain AQUA High Income Trust managed fund is Mirvac AQUA High Income Fund aims to provide income and security of capital.

What is the strategy for the Balmain AQUA High Income Trust managed fund?

The strategy of the Balmain AQUA High Income Trust managed fund is The Mirvac AQUA High Income Fund invests primarily in loans secured by a mix of registered first, second and subordinated mortgage investments and Mortgage Backed Securities via investments in the Mirvac AQUA Mezzanine Debt Pool and the Mirvac AQUA Construction Debt Pool. The Mirvac AQUA High Income Fund will also hold some cash and invest in Liquid Assets. From time to time, it may also invest in the Mirvac AQUA Senior Debt Pool.

What is the APIR code of the Balmain AQUA High Income Trust managed fund?

The APIR code of the Balmain AQUA High Income Trust managed fund is JFF0001AU.

What was Balmain AQUA High Income Trust’s total return last month?

Balmain AQUA High Income Trust’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 30 Apr 2016.

What was Balmain AQUA High Income Trust’s total return for the last three months?

Balmain AQUA High Income Trust’s total return for the last three months was -2.28%. This was made up of a growth return of -2.28% and an income return of 0%%. These returns were calculated as at 30 Apr 2016.

What is Balmain AQUA High Income Trust’s one-year total return?

Balmain AQUA High Income Trust’s one-year total return is -13.93%. This was made up of a growth return of -13.93% and an income return of 0%. These returns were calculated as at 30 Apr 2016.

What is Balmain AQUA High Income Trust’s three-year total return?

Balmain AQUA High Income Trust’s one-year total return is -7.62%. This was made up of a growth return of -7.76% and an income return of 0.14%. These returns were calculated as at 30 Apr 2016.

What is the asset allocation of the Balmain AQUA High Income Trust managed fund?

The asset allocation of the Balmain AQUA High Income Trust managed fund is :

Cash: 43.35%

Fixed Interest: 56.65%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Balmain AQUA High Income Trust managed fund?

The Responsible Entity for the Balmain AQUA High Income Trust managed fund is The Trust Company (RE Services) Limited.

What sector/asset class does the Balmain AQUA High Income Trust managed fund belong to?

The Balmain AQUA High Income Trust managed fund belongs to the Mortgages Aggressive sector/asset class.

What is the size of the Balmain AQUA High Income Trust managed fund?

As at 31 May 2014, the size of the Balmain AQUA High Income Trust managed fund was $18.96 million.

What is the inception date of the Balmain AQUA High Income Trust managed fund?

The Balmain AQUA High Income Trust managed fund has an inception date of 7 Oct 2004.

What is the current entry price of the Balmain AQUA High Income Trust managed fund?

The current entry price of the Balmain AQUA High Income Trust managed fund is $0.66883 per unit and the current exit price is $0.66883 per unit (as at 30 Apr 2016).

What is the current exit price of the Balmain AQUA High Income Trust managed fund?

The current exit price of the Balmain AQUA High Income Trust managed fund is $0.66883 per unit and the current entry price is $0.66883 per unit (as at 30 Apr 2016).

What is the minimum investment amount for the Balmain AQUA High Income Trust managed fund?

The minimum initial investment amount for the Balmain AQUA High Income Trust managed fund is $10,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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