InvestSMART

LM First Mortgage Income - Managed Fund (Closed)

Fund Objective
To provide a high-yielding monthly income with a high degree of capital protection.
Fund Strategy
The fund seeks to invest in a combination of interest-bearing cash investments, short-term fixed rate mortgages, and mortgage securities.

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 0.29% 0.86% 1.74% 3.51% 3.5% 4.55% 6.11% 6.88%
Growth return 0% 0% 0% 0% 0% 0% 0% 0%
Income return 0.29% 0.86% 1.74% 3.51% 3.5% 4.55% 6.11% 6.88%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.29% 0.92% 1.94% 4.19% 4.3% 4.05% 2.53% -%
As at 31 May 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

LM First Mortgage Income
Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Alternatives
0%
Average Allocation of Peers
Fixed Interest
78.89%
Australian Equities
0.03%
International Equities
0.03%
Cash
20.38%
Alternatives
0.66%

General Information

Fund Details
Type Description
LM First Mortgage Income
Closed
LM Investment Management Ltd
LMI0004AU
Mortgages Aggressive
Not Rated
Investment Fund
29 Oct 1999
$488.71 million (as at 31 May 2011)
n/a
$0.143 (as at 31 Dec 2017)
Finalised
Offer information
Type Description
MER 1.55% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 0.85% (as at 30 Jun 2009)
Minimum initial investment $10,000.00
Minimum additional investments
Minimum redemption amount

FAQs about the LM First Mortgage Income

The objective of the LM First Mortgage Income managed fund is To provide a high-yielding monthly income with a high degree of capital protection.

The strategy of the LM First Mortgage Income managed fund is The fund seeks to invest in a combination of interest-bearing cash investments, short-term fixed rate mortgages, and mortgage securities.

The APIR code of the LM First Mortgage Income managed fund is LMI0004AU.

LM First Mortgage Income’s total return last month was 0.29%. This was made up of a growth return of 0% and an income return of 0.29%. These returns were calculated as at 31 May 2011.

LM First Mortgage Income’s total return for the last three months was 0.86%. This was made up of a growth return of 0% and an income return of 0.86%%. These returns were calculated as at 31 May 2011.

LM First Mortgage Income’s one-year total return is 3.51%. This was made up of a growth return of 0% and an income return of 3.51%. These returns were calculated as at 31 May 2011.

LM First Mortgage Income’s one-year total return is 4.55%. This was made up of a growth return of 0% and an income return of 4.55%. These returns were calculated as at 31 May 2011.

The asset allocation of the LM First Mortgage Income managed fund is :

Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Alternatives
0%

The Responsible Entity for the LM First Mortgage Income managed fund is LM Investment Management Ltd.

The LM First Mortgage Income managed fund belongs to the Mortgages Aggressive sector/asset class.

As at 31 May 2011, the size of the LM First Mortgage Income managed fund was $488.71 million.

The LM First Mortgage Income managed fund has an inception date of 29 Oct 1999.

The current entry price of the LM First Mortgage Income managed fund is $ per unit and the current exit price is $0.143 per unit (as at 31 Dec 2017).

The current exit price of the LM First Mortgage Income managed fund is $0.143 per unit and the current entry price is $ per unit (as at 31 Dec 2017).

The minimum initial investment amount for the LM First Mortgage Income managed fund is $10,000. Minimum additional investment is $0.

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.