General Information

Norton Income Fund
Not Rated
Investment Fund
$1.6 million (as at 17 Feb 2006)
$1 (as at 31 Jan 2006)
$1 (as at 31 Jan 2006)

Fund performance

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return 1.13 3.37 6.74 12.71 - - - -
Growth return - - - - - - - -
Income return - - - - - - - -

Asset Allocation

Australian Equities 0%
International Equities 0%
Cash 6%
Property 94%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

Objectives and Strategy

The Norton Income Fund (Fund) provides investors with an opportunity to receive monthly income distributions at competitive earning rates. The objective of the Fund is to maximize returns to investors. The Fund aims to provide investors with a minimum targeted return of 13% per annum, net of fees and expenses.
The investment strategy of the Fund is to provide 2nd mortgage finance to approved property developments secured by a subordinated fixed and floating charge over the development and a registered 2nd mortgage over the land the subject of the development. The Manager will endeavour to reduce the investment risk by investing in developments that are diversified by developer, sector and region.

Offer information

Standard entry fee 4%
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00
Savings plan comments Complete an Application Form at the back of the PDS, attach your cheque made payable to ‘Sandhurst Trustees Limited ACF NIF Applications Account’ and forward both to Norton Funds Management Ltd, PO Box 829, West Perth WA 6872. The minimum initial investment in the Fund is $10,000 with multiples of $1,000 thereafter.
Redemption comments See PDS for full details. Units will have a term of 24 months from the end of the month in which the application was accepted and may in limited circumstances be extended by up to 12 months.