Under Australian legislation, and as regulated by the Australian Securities and Investment Commission (ASIC), fund managers of investment funds such as the LM funds must provide specific disclosures relating to fund information, to minimise the risk of misleading investors, or investor misunderstanding. As a Responsible Entity and manager of the LM income funds, LM is required to display the following disclosures relating to the content of this web page.

Past performance is not a reliable indicator of future performance.
Interest distribution rates are variable. Fund performance is not guaranteed and returns could be lower than expected and there is a possibility that an investor could suffer a loss and may lose some or all of their principal investment. Investment in the fund is not a bank deposit.
The unit price may vary, and may decrease depending on the performance and value of the assets of the fund. See page 13 of the PDS for the LM First Mortgage Income Fund under the heading "Unit Pricing" for further details.
LM requests investors consult a financial adviser before making an investment decision. Investors must have read and considered the current Product Disclosure Statement (PDS) and any Supplementary Product Disclosure Statement (SPDS) before deciding whether to acquire or continue to hold an investment in any of the fund products issued by LM Investment Management Ltd (Administrators Appointed).