InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. Howard Wholesale Mortgage - Managed fund profile

Howard Wholesale Mortgage - Managed Fund (Closed)

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.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

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 0.37% 1.09% 2.15% 4.19% 3.11% 2.08% -% 1.82%
As at 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%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
27.02%
Fixed Interest
72.42%
Australian Equities
0.49%
International Equities
0.05%
Alternatives
0.02%

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)
Finalised
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

FAQs about the Howard Wholesale Mortgage

The objective of the Howard Wholesale Mortgage managed fund is The Fund aims to provide investors with a diversified income-producing portfolio that delivers regular income and capital stability.

The strategy of the Howard Wholesale Mortgage managed fund is 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.

The APIR code of the Howard Wholesale Mortgage managed fund is HOW0005AU.

Howard Wholesale Mortgage’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 31 Aug 2014.

Howard Wholesale Mortgage’s total return for the last three months was -12.31%. This was made up of a growth return of -30.02% and an income return of 17.71%%. These returns were calculated as at 31 Aug 2014.

Howard Wholesale Mortgage’s one-year total return is -11.93%. This was made up of a growth return of -64.98% and an income return of 53.05%. These returns were calculated as at 31 Aug 2014.

Howard Wholesale Mortgage’s one-year total return is -2.6%. This was made up of a growth return of -44.05% and an income return of 41.45%. These returns were calculated as at 31 Aug 2014.

The asset allocation of the Howard Wholesale Mortgage managed fund is :

Cash
48.82%
Fixed Interest
51.18%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the Howard Wholesale Mortgage managed fund is Fidante Partners Limited.

The Howard Wholesale Mortgage managed fund belongs to the Mortgages sector/asset class.

As at 29 Aug 2014, the size of the Howard Wholesale Mortgage managed fund was $37.66 million.

The Howard Wholesale Mortgage managed fund has an inception date of 13 Sep 2000.

The current entry price of the Howard Wholesale Mortgage managed fund is $0.1752 per unit and the current exit price is $0.1752 per unit (as at 19 Sep 2014).

The current exit price of the Howard Wholesale Mortgage managed fund is $0.1752 per unit and the current entry price is $0.1752 per unit (as at 19 Sep 2014).

The minimum initial investment amount for the Howard Wholesale Mortgage managed fund is $10,000. Minimum additional investment is $1000.

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.