InvestSMART

LM Wholesale First Mortgage Income 12 Months Fixed - Managed Fund (Closed)

Fund Objective
To provide a high-performing mortgage income investment specifically tailored for investors in master trusts and wrap accounts and professional investors.
Fund Strategy
The fund invests predominantly in the LM Mortgage Income Fund and cash.

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.

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% 0% 0% -6.41% -13.24% -7.67% -1.89% -%
Growth return 0% 0% 0% -6.41% -14.55% -9.96% -6.1% -%
Income return 0% 0% 0% 0% 1.31% 2.29% 4.21% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.31% 0.9% 1.83% 3.97% 4.22% 4.11% 2.71% 2.11%
As at 31 Oct 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

LM Wholesale First Mortgage Income 12 Months Fixed
Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Fixed Interest
80.56%
Australian Equities
0.03%
International Equities
0%
Cash
18.54%
Property & Infrastructure
0.88%
Alternatives
0%

General Information

Fund Details
Type Description
LM Wholesale First Mortgage Income 12 Months Fixed (Wholesale)
Closed
LM Investment Management Ltd
LMI0008AU
Mortgages Aggressive
Not Rated
Investment Fund
20 Mar 2002
$34.95 million (as at 31 May 2011)
$0.73 (as at 27 Nov 2012)
$0.73 (as at 27 Nov 2012)
Suppressed
Offer information
Type Description
MER 0.60% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 0.85% (as at 30 Jun 2009)
Minimum initial investment $1,000,000
Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?
Your managed fund switching checklist. Is fear of capital gains tax holding you back?
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
Guide to tidying up your Portfolio Manager holdings
Guide to tidying up your Portfolio Manager holdings

FAQs about the LM Wholesale First Mortgage Income 12 Months Fixed

The objective of the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is To provide a high-performing mortgage income investment specifically tailored for investors in master trusts and wrap accounts and professional investors.

The strategy of the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is The fund invests predominantly in the LM Mortgage Income Fund and cash.

The APIR code of the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is LMI0008AU.

LM Wholesale First Mortgage Income 12 Months Fixed’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 Oct 2012.

LM Wholesale First Mortgage Income 12 Months Fixed’s total return for the last three months 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 Oct 2012.

LM Wholesale First Mortgage Income 12 Months Fixed’s one-year total return is -6.41%. This was made up of a growth return of -6.41% and an income return of 0%. These returns were calculated as at 31 Oct 2012.

LM Wholesale First Mortgage Income 12 Months Fixed’s one-year total return is -7.67%. This was made up of a growth return of -9.96% and an income return of 2.29%. These returns were calculated as at 31 Oct 2012.

The asset allocation of the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is :

Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is LM Investment Management Ltd.

The LM Wholesale First Mortgage Income 12 Months Fixed managed fund belongs to the Mortgages Aggressive sector/asset class.

As at 31 May 2011, the size of the LM Wholesale First Mortgage Income 12 Months Fixed managed fund was $34.95 million.

The LM Wholesale First Mortgage Income 12 Months Fixed managed fund has an inception date of 20 Mar 2002.

The current entry price of the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is $0.73 per unit and the current exit price is $0.73 per unit (as at 27 Nov 2012).

The current exit price of the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is $0.73 per unit and the current entry price is $0.73 per unit (as at 27 Nov 2012).

The minimum initial investment amount for the LM Wholesale First Mortgage Income 12 Months Fixed managed fund is $1,000,000.

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.