Howard Wholesale Mortgage - 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 -12.31 -12.18 -11.93 -5.74 -2.6 0.14 3.3
Growth return 0 -30.02 -41.69 -64.98 -58.16 -44.05 -29.42 -15.99
Income return 0 17.71 29.51 53.05 52.42 41.45 29.56 19.29
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 31 Aug 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Howard Wholesale Mortgage
Cash
48.82%
Fixed Interest
51.18%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
50.98%
Fixed Interest
48.96%
International Equities
0.02%
Alternatives
0.04%

General Information

Fund Details
Type Description
Howard Wholesale Mortgage
Closed
Fidante Partners Limited
HOW0005AU
Mortgages
starstarstarstarstar (as at 28 Feb 2011)
Investment Fund
13 Sep 2000
$37.66 million (as at 29 Aug 2014)
$0.1752 (as at 19 Sep 2014)
$0.1752 (as at 19 Sep 2014)
Fund Objective
The Fund aims to provide investors with a diversified income-producing portfolio that delivers regular income and capital stability.
Fund Strategy
Challenger's mortgage lending team employs a conservative approach to managing the mortgage investments of the Fund. The Fund has a lending policy which sets out the criteria under which loans are made or acquired. The Fund will be invested in a diversified portfolio of primarily commercial mortgage loans and interest bearing securities. The Fund may also invest in cash and other short term investments.
Offer information
Type Description
Indirect Cost Ratio (ICR) 1% (as at 30 Jun 2013)
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

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%