LM Australian Income Fund - Currency Protected
Updated 22 February 2012
Established in November 2008.
The LM Australian Income Fund – Currency Protected is LM’s conservative income fund. It services global demand for an income fund that provides steady returns across all major currencies.
The LM Australian Income Fund – Currency Protected has a solid track record of consistently delivering its targeted investor returns, every year since inception. It provides reliable income at an outperformance margin of 2.00%pa to 3.00%pa above Official Cash Rates. The Fund provides senior debt finance secured by registered first mortgage, over a diversified range of Australian property.
While the assets of the Fund are Australian, the Fund accepts all major currencies, allowing investors to transact in their currency of choice. Risk of currency exposure is managed through the use of forward foreign exchange contracts for the entire investment term.
The LM Australian Income Fund – Currency Protected:
- Provides senior debt secured by registered first mortgage to generate passive income for investors.
- Provides investors with exposure to the strength and diversity of the Australian property market.
View fund documents
Key Facts
| Fund Size |
AUD19,301,840 |
| Inception Date |
October 2008 |
| Manager |
LM Investment Management Ltd |
| Independent Custodian |
> The Trust Company (PTAL) Limited
> A wholly owned subsidiary of the Trust Company (established 1885), publicly listed with AUD120 billion under supervision
|
| Assets |
> Registered First Mortgage Securities > Cash |
| Independent Property Valuers |
Colliers, CBRE, Knight Frank, Landmark White, Savilles |
| Investment |
> Rolled up unit price with daily trading
> 1 , 2 , 3 , 4 and 5 Years |
| Income Options |
> Reinvested and reflected in the daily unit value
> Distributed monthly, quarterly or annualy |
| Performance Target |
2.00%pa to 3.00%pa above official cash rates |
| Minimum Initial Investment |
AUD1,000 equivalent |
| Investment Currency |
All major currencies |
| Currency Risk |
Managed against movements in the Australian dollar through the use of forward foreign exchange contracts |
| Management Fee |
Up to 2.00%pa |
| Product Fees |
No entry or exit fees |
| Dealing |
Daily |
| Redemption |
End of term with 10 days notice |
| Financial Institution Used |
HSBC |
Who Can Invest?
|
> Personal/Direct Investors
> International Portfolio Bonds
> SIPPS
> SASS
> QROPS
> Pension Funds
> Superannuation Funds
> Companies
> Trusts
> Institutions
> Wholesale Platforms |
For U.S Residents Only
Rates and Bank Account Details
AUD
File size: 64KB
Pages: 1
Fact Sheet & Fund Updates
LM is the product issuer and recommends that investors read and consider the Fund’s current Product Disclosure Statement (PDS) and any Supplementary Product Disclosure Statement (available at www.LMaustralia.com) before making any decision about the product.
Past performance is not a reliable indicator of future performance.
The return of the underlying investments of the Fund has outperformed cash since inception.
PRODUCTS AND SERVICES ARE NOT AVAILABLE TO THE HONG KONG PUBLIC.