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  5. BT Wrap Essentials - BT Challenger Howard Mortgage - Managed fund profile

BT Wrap Essentials - BT Challenger Howard Mortgage - Managed Fund (Closed)

Fund Objective
The Fund aims to provide investors with a diversified income-producing portfolio that delivers regular income and capital stability.
Fund Strategy
Challenger's mortgage lending team employs a conservative approach to managing the mortgage investments of the Fund. The Fund has a lending policy which sets out the criteria under which loans are made or acquired. The Fund will be invested in a diversified portfolio of primarily commercial mortgage loans and interest bearing securities. The Fund may also invest in cash and other short term investments.

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% 0.2% 0.73% 2.3% 3.62% 3.39% 4.13% -%
Growth return 0% -42.86% -64.86% -83.18% -59.01% -44.81% -30% -%
Income return 0% 43.06% 65.59% 85.48% 62.63% 48.2% 34.13% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.32% 0.94% 2% 4.25% 4.32% 4% 2.47% 2.06%
As at 31 Dec 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BT Wrap Essentials - BT Challenger Howard Mortgage
Cash
48.82%
Fixed Interest
51.18%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
20.02%
Fixed Interest
79.26%
Australian Equities
0.03%
International Equities
0.03%
Alternatives
0.66%

General Information

Fund Details
Type Description
BT Wrap Essentials - BT Challenger Howard Mortgage
Closed
Westpac Financial Services Limited
WFS0380AU
Mortgages
starstarstar (as at 28 Feb 2011)
Investment Fund
15 Dec 2004
n/a
n/a
$0.03 (as at 21 Oct 2014)
Finalised
Offer information
Type Description
Standard entry fee 5%
Indirect Cost Ratio (ICR) 1.65% (as at 30 Jun 2013)
Performance fee (not included in ICR) Not Available
Minimum initial investment $1,000.00

FAQs about the BT Wrap Essentials - BT Challenger Howard Mortgage

The objective of the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is The Fund aims to provide investors with a diversified income-producing portfolio that delivers regular income and capital stability.

The strategy of the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is Challenger's mortgage lending team employs a conservative approach to managing the mortgage investments of the Fund. The Fund has a lending policy which sets out the criteria under which loans are made or acquired. The Fund will be invested in a diversified portfolio of primarily commercial mortgage loans and interest bearing securities. The Fund may also invest in cash and other short term investments.

The APIR code of the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is WFS0380AU.

BT Wrap Essentials - BT Challenger Howard Mortgage’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 Dec 2012.

BT Wrap Essentials - BT Challenger Howard Mortgage’s total return for the last three months was 0.2%. This was made up of a growth return of -42.86% and an income return of 43.06%%. These returns were calculated as at 31 Dec 2012.

BT Wrap Essentials - BT Challenger Howard Mortgage’s one-year total return is 2.3%. This was made up of a growth return of -83.18% and an income return of 85.48%. These returns were calculated as at 31 Dec 2012.

BT Wrap Essentials - BT Challenger Howard Mortgage’s one-year total return is 3.39%. This was made up of a growth return of -44.81% and an income return of 48.2%. These returns were calculated as at 31 Dec 2012.

The asset allocation of the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is :

Cash
48.82%
Fixed Interest
51.18%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is Westpac Financial Services Limited.

The BT Wrap Essentials - BT Challenger Howard Mortgage managed fund belongs to the Mortgages sector/asset class.

As at 31 Oct 2014, the size of the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund was $ million.

The BT Wrap Essentials - BT Challenger Howard Mortgage managed fund has an inception date of 15 Dec 2004.

The current entry price of the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is $ per unit and the current exit price is $0.03 per unit (as at 21 Oct 2014).

The current exit price of the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is $0.03 per unit and the current entry price is $ per unit (as at 21 Oct 2014).

The minimum initial investment amount for the BT Wrap Essentials - BT Challenger Howard Mortgage managed fund is $1,000.

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.