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  5. LM Property Performance - Managed fund profile

LM Property Performance - Managed Fund (Closed)

Fund Objective
To provide regular income and capital growth over the medium- to long-term, and liquidity benefits not normally associated with investing in property. Target return in excess of the S&P/ASX 200 GIC Property Trust index, expressed as a 2 year moving average.
Fund Strategy
Invests in direct real property, property syndicates, property trusts and the LM Mortgage Income Fund. The Manager does not intend to invest in any Direct Property Investments listed on the ASX. Asset Allocation ranges: Direct real property 30-50%, property syndicates and trusts 20-60%, LM Mortgage Income Fund 5-20%, Cash 0-15%.

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 0.69% 1.8% 3.48% 7.01% 7.68% -% -% -%
Growth return 0.69% 1.8% 3.48% 7.01% 7.68% -% -% -%
Income return 0% 0% 0% 0% 0% -% -% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return 4.47% 9.86% 16.7% 14.49% 20.15% 15.35% 12.27% 9%
As at 30 Sep 2005. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

LM Property Performance
Cash
1%
Property & Infrastructure
99%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
2.40%
Property & Infrastructure
93.02%
Australian Equities
4.32%
International Equities
0.25%
Fixed Interest
0.01%
Alternatives
0.01%

General Information

Fund Details
Type Description
LM Property Performance
Closed
LM Investment Management Ltd
LMI0009AU
Unlisted and Direct Property
Not Rated
Investment Fund
18 Nov 2002
$9.76 million (as at 31 Oct 2005)
$1.3655 (as at 29 Sep 2005)
$1.3655 (as at 29 Sep 2005)
Finalised
Offer information
Type Description
MER 2.23% (as at 30 Jun 2004)
Minimum initial investment $10,000.00

FAQs about the LM Property Performance

The objective of the LM Property Performance managed fund is To provide regular income and capital growth over the medium- to long-term, and liquidity benefits not normally associated with investing in property. Target return in excess of the S&P/ASX 200 GIC Property Trust index, expressed as a 2 year moving average.

The strategy of the LM Property Performance managed fund is Invests in direct real property, property syndicates, property trusts and the LM Mortgage Income Fund. The Manager does not intend to invest in any Direct Property Investments listed on the ASX. Asset Allocation ranges: Direct real property 30-50%, property syndicates and trusts 20-60%, LM Mortgage Income Fund 5-20%, Cash 0-15%.

The APIR code of the LM Property Performance managed fund is LMI0009AU.

LM Property Performance’s total return last month was 0.69%. This was made up of a growth return of 0.69% and an income return of 0%. These returns were calculated as at 30 Sep 2005.

LM Property Performance’s total return for the last three months was 1.8%. This was made up of a growth return of 1.8% and an income return of 0%%. These returns were calculated as at 30 Sep 2005.

LM Property Performance’s one-year total return is 7.01%. This was made up of a growth return of 7.01% and an income return of 0%. These returns were calculated as at 30 Sep 2005.

LM Property Performance’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Sep 2005.

The asset allocation of the LM Property Performance managed fund is :

Cash
1%
Property & Infrastructure
99%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the LM Property Performance managed fund is LM Investment Management Ltd.

The LM Property Performance managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 31 Oct 2005, the size of the LM Property Performance managed fund was $9.76 million.

The LM Property Performance managed fund has an inception date of 18 Nov 2002.

The current entry price of the LM Property Performance managed fund is $1.3655 per unit and the current exit price is $1.3655 per unit (as at 29 Sep 2005).

The current exit price of the LM Property Performance managed fund is $1.3655 per unit and the current entry price is $1.3655 per unit (as at 29 Sep 2005).

The minimum initial investment amount for the LM Property Performance managed fund is $10,000.

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.