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  5. DirectMoney Personal Loan - Managed fund profile

DirectMoney Personal Loan - Managed Fund (Closed)

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.

Fund Performance Comparison

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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 0.57% 1.66% 3.52% 7.33% 7.82% 7.72% 7.63% -%
Growth return 0% 0% 0% 0% 0% 0% 0% -%
Income return 0.57% 1.66% 3.52% 7.33% 7.82% 7.72% 7.63% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.32% 0.94% 2% 4.25% 4.32% 4% 2.47% 2.06%
As at 31 May 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

DirectMoney Personal Loan
Cash
0.88%
Fixed Interest
99.12%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
20.03%
Fixed Interest
79.26%
Australian Equities
0.03%
International Equities
0.03%
Alternatives
0.66%

General Information

Fund Details
Type Description
DirectMoney Personal Loan
Closed
One Managed Investment Funds Limited
OMF0022AU
Non Investment Grade Debt
starstarstarstarstar (as at 29 Feb 2020)
Investment Fund
13 May 2015
$4.94 million (as at 10 Jun 2020)
$1 (as at 31 Jul 2020)
$1 (as at 31 Jul 2020)
Finalised
Offer information
Type Description
MER 2.84% (as at 30 Jun 2019)
Indirect Cost Ratio (ICR) 2.84% (as at 30 Jun 2019)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00
Minimum additional investments $5,000.00
Minimum redemption amount

FAQs about the DirectMoney Personal Loan

The objective of the DirectMoney Personal Loan managed fund is 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.

The strategy of the DirectMoney Personal Loan managed fund is 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.

The APIR code of the DirectMoney Personal Loan managed fund is OMF0022AU.

DirectMoney Personal Loan’s total return last month was 0.57%. This was made up of a growth return of 0% and an income return of 0.57%. These returns were calculated as at 31 May 2020.

DirectMoney Personal Loan’s total return for the last three months was 1.66%. This was made up of a growth return of 0% and an income return of 1.66%%. These returns were calculated as at 31 May 2020.

DirectMoney Personal Loan’s one-year total return is 7.33%. This was made up of a growth return of 0% and an income return of 7.33%. These returns were calculated as at 31 May 2020.

DirectMoney Personal Loan’s one-year total return is 7.72%. This was made up of a growth return of 0% and an income return of 7.72%. These returns were calculated as at 31 May 2020.

The asset allocation of the DirectMoney Personal Loan managed fund is :

Cash
0.88%
Fixed Interest
99.12%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the DirectMoney Personal Loan managed fund is One Managed Investment Funds Limited.

The DirectMoney Personal Loan managed fund belongs to the Non Investment Grade Debt sector/asset class.

As at 10 Jun 2020, the size of the DirectMoney Personal Loan managed fund was $4.94 million.

The DirectMoney Personal Loan managed fund has an inception date of 13 May 2015.

The current entry price of the DirectMoney Personal Loan managed fund is $1 per unit and the current exit price is $1 per unit (as at 31 Jul 2020).

The current exit price of the DirectMoney Personal Loan managed fund is $1 per unit and the current entry price is $1 per unit (as at 31 Jul 2020).

The minimum initial investment amount for the DirectMoney Personal Loan managed fund is $10,000. Minimum additional investment is $5000.

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.