LM Managed Performance Fund
Updated 22 February 2012
Established in December 2001.
Established in 2001 to meet global demand for a high performing yet capital-stable income fund, the LM Managed Performance Fund has delivered competitive, consistent income with a stable unit price in each of its ten years of operation.
LM utilises its property expertise and business relationships spanning Australia's property sector to select investments that offer Fund investors a yield appropriate for property and/or property related investment. The asset class held in the Fund is primarily a debt security that participates in the profit associated with a property transaction. The Fund also holds passive debt security and cash.
The LM Managed Performance Fund uses loan structures for its assets to ensure that all returns are provided to investors as income or interest only returns, minimising potential tax implications for the Fund and its investors.
The Fund provides investors worldwide with access to Australia’s diverse and unique property market. While the assets of the Fund are Australian, the Fund accepts all major currencies, allowing international 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.
View fund documents
Key Facts
| Fund Size |
AUD307,956,802 |
| Inception Date |
December 2001 |
| Manager |
LM Investment Management Ltd (LM) |
| Administrator |
LM Investment Management Ltd
|
| Assets |
> Cash
> Loans:-
> Range of property-related finance facilities > Participation in property development profit
|
| Independent Property Valuers |
Colliers, CBRE, Knight Frank, Landmark White, Savilles |
| Investment |
> 2, 3, 4 and 5 year terms2
> Rolled up unit price with daily trading
|
| Investment Objective |
To provide consistent, competitive income through actively participating in lending and profit positions in Australian property. |
| Income Options |
> Reinvested and reflected in the daily unit value; or
> Distributed monthly, quarterly or annually
|
| Minimum Initial Investment |
AUD1,000 equivalent |
| Investment Currency |
Investment in all major currencies |
| Currency Risk |
Managed against movements in the Australian dollar by utilising forward foreign exchange contracts |
| Fees |
No entry or exit fees where held to maturity1 |
| Dealing |
Daily |
| Redemption |
End of term with 90 days notice2 |
| Financial Institution Used |
HSBC |
Who Can Invest? |
> Experienced Investors
> International Portfolio Bonds
> SIPPS
> SSAS
> QROPS
> Pension Funds
> Superannuation Funds
> Companies
> Trusts
> Institutions
> Wholesale Platforms |
The following material relating to the LM Managed Performance Fund is intended for financial advisers and intermediaries, and can be downloaded via the links listed below.
Rates and Bank Account Details
Fact Sheet & Fund Updates