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  5. MLC Navi SSAP - Challenger Howard Wholesale Mtg - Managed fund profile

MLC Navi SSAP - Challenger Howard Wholesale Mtg - 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 -0.04% 0.13% 0.25% 1.18% 2.59% 2.43% 3.27% -%
Growth return -0.04% 0.13% 0.25% 1.18% 2.59% 2.43% 3.27% -%
Income return 0% 0% 0% 0% 0% 0% 0% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.37% 1.12% 2.23% 4.45% 4.05% 2.94% 1.87% 1.92%
As at 30 Nov 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MLC Navi SSAP - Challenger Howard Wholesale Mtg
Cash
48.82%
Fixed Interest
51.18%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
26.17%
Fixed Interest
73.37%
Australian Equities
0.39%
International Equities
0.05%
Alternatives
0.03%

General Information

Fund Details
Type Description
MLC Navi SSAP - Challenger Howard Wholesale Mtg
Closed
MLC Limited
NUL0063AU
Mortgages
starstarstar (as at 28 Feb 2011)
Allocated Pension
1 Dec 2004
$0.4 million (as at 30 Nov 2012)
$67.7329 (as at 6 Dec 2012)
$67.7329 (as at 6 Dec 2012)
Finalised
Offer information
Type Description
Standard entry fee 4.40%
Minimum initial investment $20,000

FAQs about the MLC Navi SSAP - Challenger Howard Wholesale Mtg

The objective of the MLC Navi SSAP - Challenger Howard Wholesale Mtg 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 MLC Navi SSAP - Challenger Howard Wholesale Mtg 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 MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund is NUL0063AU.

MLC Navi SSAP - Challenger Howard Wholesale Mtg’s total return last month was -0.04%. This was made up of a growth return of -0.04% and an income return of 0%. These returns were calculated as at 30 Nov 2012.

MLC Navi SSAP - Challenger Howard Wholesale Mtg’s total return for the last three months was 0.13%. This was made up of a growth return of 0.13% and an income return of 0%%. These returns were calculated as at 30 Nov 2012.

MLC Navi SSAP - Challenger Howard Wholesale Mtg’s one-year total return is 1.18%. This was made up of a growth return of 1.18% and an income return of 0%. These returns were calculated as at 30 Nov 2012.

MLC Navi SSAP - Challenger Howard Wholesale Mtg’s one-year total return is 2.43%. This was made up of a growth return of 2.43% and an income return of 0%. These returns were calculated as at 30 Nov 2012.

The asset allocation of the MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund is :

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

The Responsible Entity for the MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund is MLC Limited.

The MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund belongs to the Mortgages sector/asset class.

As at 30 Nov 2012, the size of the MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund was $0.4 million.

The MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund has an inception date of 1 Dec 2004.

The current entry price of the MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund is $67.7329 per unit and the current exit price is $67.7329 per unit (as at 6 Dec 2012).

The current exit price of the MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund is $67.7329 per unit and the current entry price is $67.7329 per unit (as at 6 Dec 2012).

The minimum initial investment amount for the MLC Navi SSAP - Challenger Howard Wholesale Mtg managed fund is $20,000.

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.