DirectMoney Personal Loan - Managed Fund

Fund Performance Comparison

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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.

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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.56 1.79 3.74 7.95 7.98 7.7 - -
Growth return 0 0 0 0 0 0 - -
Income return 0.56 1.79 3.74 7.95 7.98 7.7 - -
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.08 0.29 - 1.74 1.81 1.79 2.01 2.94
As as 30 Sep 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

DirectMoney Personal Loan
Cash
2.25%
Fixed Interest
97.75%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
50.95%
Fixed Interest
48.99%
International Equities
0.02%
Alternatives
0.04%

General Information

Fund Details
Type Description
DirectMoney Personal Loan
One Managed Investment Funds Limited
OMF0022AU
High Yield Credit
starstarstarstar (as at 30 Jun 2019)
Investment Fund
13 May 2015
$4.91 million (as at 2 Oct 2019)
$1 (as at 2 Oct 2019)
$1 (as at 2 Oct 2019)
Fund Objective
The Fund seeks to deliver a consistent return of approximately 5.0% to 5.5% over the RBA cash rate, throughout the suggested investment term of 3 to 5 years. This investment return objective is based on the historical premium over the RBA cash rate which has applied to unsecured personal loans.
Fund Strategy
The Fund will acquire equitable interests in Australian fixed rate unsecured personal loans made by the Seller (Loan Investments). The Loan Investments the Fund acquires have loan terms of either 3 or 5 years and all provide for fixed monthly repayments, comprised of principal and interest. Loan Investments have a minimum loan amount of $5,000 and a maximum loan amount of $36,500. The Loan Investments entitle the Fund to receive all of the principal repayments and a portion of the monthly interest repayments made by borrowers.
Offer information
Type Description
Indirect Cost Ratio (ICR) 2.84% (as at 30 Jun 2019)
Minimum initial investment $10,000.00
Minimum additional investments $5,000.00
Minimum redemption amount

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 cannot 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.

How is your fund performing?

Out of the 5,494 Australian funds researched with a 10 year track record, 81% underperform the industry standard benchmarks by an average of 2.12%, with average fees of 1.79%^.

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Underperforming
81%^

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Our Managed Funds

Returns Since Inception
InvestSMART International Equities 11.39%
Intelligent Investor Equity Growth 9.87%
InvestSMART High Growth 9.27%
Intelligent Investor Equity Income 9.06%
InvestSMART Diversified Property and Infrastructure 8.48%
InvestSMART Growth 8.47%
Intelligent Investor Australian Small Companies Fund 7.27%
InvestSMART Balanced 6.86%
InvestSMART Conservative 5.33%
InvestSMART Hybrid Income 5.27%
InvestSMART Interest Income 3.75%