InvestSMART

Westpac Mortgage & Income - Managed Fund (Closed)

Fund Objective
To provide a quarterly income from investments in mortgages, money-market, and debt securities. Recommended for medium-term investment timeframe of at least three years.
Fund Strategy
Invests in short-term interest-bearing securities, mortgages, mortgage-backed securities, floating rate notes, and other debt securities. Assets may be held either directly or indirectly via other (including Westpac) managed investments. Asset range: mortgages, mortgage-backed securities and other debt securities 0-75%, short-term money-market securities 25-100%.

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% 1.19% 2.44% 4.12% -1.85% 0.67% 2.27% 4.06%
Growth return 0% 0% 0% -0.75% -5.6% -3.8% -2.25% -1.06%
Income return 0% 1.19% 2.44% 4.87% 3.75% 4.47% 4.52% 5.12%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.3% 0.89% 1.84% 4.04% 4.25% 4.09% 2.64% 2.1%
As at 31 May 2003. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Westpac Mortgage & Income
Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
19.61%
Australian Equities
0.03%
International Equities
0.03%
Property & Infrastructure
1.03%
Fixed Interest
79.30%
Alternatives
0%

General Information

Fund Details
Type Description
Westpac Mortgage & Income
Closed
Westpac Financial Services Limited
WFS0012AU
Mortgages
Not Rated
Investment Fund
31 Aug 1978
$17.41 million (as at 31 May 2003)
n/a
$0.8986 (as at 12 Jun 2003)
Finalised
Offer information
Type Description
MER 0.40% (as at 30 Jun 2002)
Minimum initial investment
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FAQs about the Westpac Mortgage & Income

The objective of the Westpac Mortgage & Income managed fund is To provide a quarterly income from investments in mortgages, money-market, and debt securities. Recommended for medium-term investment timeframe of at least three years.

The strategy of the Westpac Mortgage & Income managed fund is Invests in short-term interest-bearing securities, mortgages, mortgage-backed securities, floating rate notes, and other debt securities. Assets may be held either directly or indirectly via other (including Westpac) managed investments. Asset range: mortgages, mortgage-backed securities and other debt securities 0-75%, short-term money-market securities 25-100%.

The APIR code of the Westpac Mortgage & Income managed fund is WFS0012AU.

Westpac Mortgage & Income’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 May 2003.

Westpac Mortgage & Income’s total return for the last three months was 1.19%. This was made up of a growth return of 0% and an income return of 1.19%%. These returns were calculated as at 31 May 2003.

Westpac Mortgage & Income’s one-year total return is 4.12%. This was made up of a growth return of -0.75% and an income return of 4.87%. These returns were calculated as at 31 May 2003.

Westpac Mortgage & Income’s one-year total return is 0.67%. This was made up of a growth return of -3.8% and an income return of 4.47%. These returns were calculated as at 31 May 2003.

The asset allocation of the Westpac Mortgage & Income managed fund is :

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

The Responsible Entity for the Westpac Mortgage & Income managed fund is Westpac Financial Services Limited.

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

As at 31 May 2003, the size of the Westpac Mortgage & Income managed fund was $17.41 million.

The Westpac Mortgage & Income managed fund has an inception date of 31 Aug 1978.

The current entry price of the Westpac Mortgage & Income managed fund is $ per unit and the current exit price is $0.8986 per unit (as at 12 Jun 2003).

The current exit price of the Westpac Mortgage & Income managed fund is $0.8986 per unit and the current entry price is $ per unit (as at 12 Jun 2003).

The minimum initial investment amount for the Westpac Mortgage & Income managed fund is $0.

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.