InvestSMART

Westpac PPSI - 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

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 0.31% 0.97% 2.04% 4.21% -1.92% 0.47% 2.08% -%
Growth return -% -% -% -% -% -% -% -%
Income return -% -% -% -% -% -% -% -%
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 30 Apr 2003. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Westpac PPSI - Westpac Mortgage & Income
Cash
100%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
18.35%
Australian Equities
0.03%
Property & Infrastructure
0.88%
Fixed Interest
80.74%
Alternatives
0%

General Information

Fund Details
Type Description
Westpac PPSI - Westpac Mortgage & Income
Closed
Westpac Financial Services Limited
WFS0225AU
Mortgages
Not Rated
Investment Fund
12 Jan 1996
$3.66 million (as at 31 May 2003)
n/a
n/a
Finalised
Offer information
Type Description
MER 1.01% (as at 30 Jun 2000)
Minimum initial investment $5,000.00
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 Westpac PPSI - Westpac Mortgage & Income

The objective of the Westpac PPSI - 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 PPSI - 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 PPSI - Westpac Mortgage & Income managed fund is WFS0225AU.

Westpac PPSI - Westpac Mortgage & Income’s total return last month was 0.31%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Apr 2003.

Westpac PPSI - Westpac Mortgage & Income’s total return for the last three months was 0.97%. This was made up of a growth return of -% and an income return of -%%. These returns were calculated as at 30 Apr 2003.

Westpac PPSI - Westpac Mortgage & Income’s one-year total return is 4.21%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Apr 2003.

Westpac PPSI - Westpac Mortgage & Income’s one-year total return is 0.47%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Apr 2003.

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

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

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

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

As at 31 May 2003, the size of the Westpac PPSI - Westpac Mortgage & Income managed fund was $3.66 million.

The Westpac PPSI - Westpac Mortgage & Income managed fund has an inception date of 12 Jan 1996.

The current entry price of the Westpac PPSI - Westpac Mortgage & Income managed fund is $ per unit and the current exit price is $ per unit (as at ).

The current exit price of the Westpac PPSI - Westpac Mortgage & Income managed fund is $ per unit and the current entry price is $ per unit (as at ).

The minimum initial investment amount for the Westpac PPSI - Westpac Mortgage & Income 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.