InvestSMART

Mortgage Income Fund - Managed Fund (Closed)

Fund Objective
The objective of the Fund is to provide investors with regular income and capital security by investing in a diversified portfolio of first mortgage assets. On an annual basis the Fund seeks to outperform the ASSIRT Mortgage 1 Year Index, after fees.
Fund Strategy
The Fund aims to predominantly invest in a diversified portfolio of first mortgages with a small portion of the Fund invested in cash and other liquid assets (these are interest generating investments, with little or no capital growth potential such as short term fixed interest securities). The Fund will not invest in construction loans. For further information on the types of investments permitted please refer to page 17 of the Product Disclosure Statement (PDS).

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 0.54% 1.62% 3.15% 6.64% 6.96% -% -% -%
Growth return 0% 0% 0% 0% 0% -% -% -%
Income return 0.54% 1.62% 3.15% 6.64% 6.96% -% -% -%
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 May 2007. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mortgage Income Fund
Cash
37.27%
Property & Infrastructure
62.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
18.63%
Property & Infrastructure
0.88%
Australian Equities
0.03%
International Equities
0%
Fixed Interest
80.46%
Alternatives
0%

General Information

Fund Details
Type Description
Mortgage Income Fund
Closed
Over 50's Friendly Society Limited
OFM0001AU
Mortgages
Not Rated
Investment Fund
1 Aug 2004
$87.67 million (as at 31 Mar 2007)
$1 (as at 31 Dec 2009)
$1 (as at 31 Dec 2009)
Finalised
Offer information
Type Description
MER 1.33% (as at 30 Jun 2006)
Minimum initial investment $5,000.00
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FAQs about the Mortgage Income Fund

The objective of the Mortgage Income Fund managed fund is The objective of the Fund is to provide investors with regular income and capital security by investing in a diversified portfolio of first mortgage assets. On an annual basis the Fund seeks to outperform the ASSIRT Mortgage 1 Year Index, after fees.

The strategy of the Mortgage Income Fund managed fund is The Fund aims to predominantly invest in a diversified portfolio of first mortgages with a small portion of the Fund invested in cash and other liquid assets (these are interest generating investments, with little or no capital growth potential such as short term fixed interest securities). The Fund will not invest in construction loans. For further information on the types of investments permitted please refer to page 17 of the Product Disclosure Statement (PDS).

The APIR code of the Mortgage Income Fund managed fund is OFM0001AU.

Mortgage Income Fund’s total return last month was 0.54%. This was made up of a growth return of 0% and an income return of 0.54%. These returns were calculated as at 31 May 2007.

Mortgage Income Fund’s total return for the last three months was 1.62%. This was made up of a growth return of 0% and an income return of 1.62%%. These returns were calculated as at 31 May 2007.

Mortgage Income Fund’s one-year total return is 6.64%. This was made up of a growth return of 0% and an income return of 6.64%. These returns were calculated as at 31 May 2007.

Mortgage Income Fund’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 31 May 2007.

The asset allocation of the Mortgage Income Fund managed fund is :

Cash
37.27%
Property & Infrastructure
62.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Mortgage Income Fund managed fund is Over 50's Friendly Society Limited.

The Mortgage Income Fund managed fund belongs to the Mortgages sector/asset class.

As at 31 Mar 2007, the size of the Mortgage Income Fund managed fund was $87.67 million.

The Mortgage Income Fund managed fund has an inception date of 1 Aug 2004.

The current entry price of the Mortgage Income Fund managed fund is $1 per unit and the current exit price is $1 per unit (as at 31 Dec 2009).

The current exit price of the Mortgage Income Fund managed fund is $1 per unit and the current entry price is $1 per unit (as at 31 Dec 2009).

The minimum initial investment amount for the Mortgage Income Fund managed fund is $5,000.

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.