InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. Provident Capital Monthly Income Fund - Managed fund profile

Provident Capital Monthly Income Fund - Managed Fund (Closed)

Fund Objective
The aim of the fund is to provide investors with regular and competitive returns that are in the top quartile of all Australian retail mortgage trusts on returns for 1 year, by investing in a portfolio of registered 1st mortgages in Australia.
Fund Strategy
The fund Invests in a portfolio of first mortgages in Australia.

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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

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 0.73% 2.53% 4.98% 10.14% 10.38% 10.36% -% -%
Growth return 0% 0% 0% 0% 0% 0% -% -%
Income return 0.73% 2.53% 4.98% 10.14% 10.38% 10.36% -% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.32% 0.94% 2% 4.25% 4.32% 4% 2.47% 2.06%
As at 31 Oct 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Provident Capital Monthly Income Fund
Cash
23.35%
Property & Infrastructure
76.65%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
20.02%
Property & Infrastructure
0%
Australian Equities
0.03%
International Equities
0.03%
Fixed Interest
79.26%
Alternatives
0.66%

General Information

Fund Details
Type Description
Provident Capital Monthly Income Fund
Closed
Provident Capital Limited
PCA0001AU
Mortgages Aggressive
Not Rated
Investment Fund
6 Aug 2009
$31.51 million (as at 31 Oct 2012)
$1 (as at 31 Oct 2012)
$1 (as at 31 Oct 2012)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.95% (as at 30 Jun 2011)
Minimum initial investment $1,000.00
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

FAQs about the Provident Capital Monthly Income Fund

The objective of the Provident Capital Monthly Income Fund managed fund is The aim of the fund is to provide investors with regular and competitive returns that are in the top quartile of all Australian retail mortgage trusts on returns for 1 year, by investing in a portfolio of registered 1st mortgages in Australia.

The strategy of the Provident Capital Monthly Income Fund managed fund is The fund Invests in a portfolio of first mortgages in Australia.

The APIR code of the Provident Capital Monthly Income Fund managed fund is PCA0001AU.

Provident Capital Monthly Income Fund’s total return last month was 0.73%. This was made up of a growth return of 0% and an income return of 0.73%. These returns were calculated as at 31 Oct 2012.

Provident Capital Monthly Income Fund’s total return for the last three months was 2.53%. This was made up of a growth return of 0% and an income return of 2.53%%. These returns were calculated as at 31 Oct 2012.

Provident Capital Monthly Income Fund’s one-year total return is 10.14%. This was made up of a growth return of 0% and an income return of 10.14%. These returns were calculated as at 31 Oct 2012.

Provident Capital Monthly Income Fund’s one-year total return is 10.36%. This was made up of a growth return of 0% and an income return of 10.36%. These returns were calculated as at 31 Oct 2012.

The asset allocation of the Provident Capital Monthly Income Fund managed fund is :

Cash
23.35%
Property & Infrastructure
76.65%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Provident Capital Monthly Income Fund managed fund is Provident Capital Limited.

The Provident Capital Monthly Income Fund managed fund belongs to the Mortgages Aggressive sector/asset class.

As at 31 Oct 2012, the size of the Provident Capital Monthly Income Fund managed fund was $31.51 million.

The Provident Capital Monthly Income Fund managed fund has an inception date of 6 Aug 2009.

The current entry price of the Provident Capital Monthly Income Fund managed fund is $1 per unit and the current exit price is $1 per unit (as at 31 Oct 2012).

The current exit price of the Provident Capital Monthly Income Fund managed fund is $1 per unit and the current entry price is $1 per unit (as at 31 Oct 2012).

The minimum initial investment amount for the Provident Capital Monthly Income Fund managed fund is $1,000. Minimum additional investment is $1000.

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.