Provident Capital High Yield Fund - Managed Fund (Closed)

Fund Objective

The aim of the fund is to provide investors with regular and competitive returns that are in the top quartile of all Australian aggressive retail mortgage trusts on returns for 1 year, by investing in a portfolio of registered 1st mortgages in Australia securing loans for property development and other purposes. Other investments may include corporate bonds, bank and other deposits and assets that satisfy the fund's investment criteria.

Fund Strategy

The fund invests in a portfolio of first mortgages for property development in Australia.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.85%	2.23%	6.64%	12.98%	12.95%	11.81%	-%	-%
Growth return	0%	0%	0%	0%	0%	0%	-%	-%
Income return	0.85%	2.23%	6.64%	12.98%	12.95%	11.81%	-%	-%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return	0.3%	0.91%	1.83%	3.89%	4.18%	4.12%	2.77%	2.12%

As at 31 Oct 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Provident Capital High Yield Fund

Cash: 57.87%

Property & Infrastructure: 42.13%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 18.62%

Property & Infrastructure: 0.88%

Australian Equities: 0.03%

International Equities: 0%

Fixed Interest: 80.47%

Alternatives: 0%

General Information

Fund Details

Type	Description
Fund Name	Provident Capital High Yield Fund
Fund Status	Closed
Responsible Entity	Provident Capital Limited
APIR Code	PCA0002AU
Sector/Asset Class	Mortgages Aggressive
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Oct 2009
Fund Size	$0.72 million (as at 31 Oct 2012)
Entry Price	$1 (as at 31 Oct 2012)
Exit Price	$1 (as at 31 Oct 2012)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	2.50% (as at 30 Jun 2011)
Minimum initial investment	$10,000.00
Minimum additional investments	$1,000.00
Minimum redemption amount	$1,000.00

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FAQs about the Provident Capital High Yield Fund

What is the objective of the Provident Capital High Yield Fund managed fund?

The objective of the Provident Capital High Yield Fund managed fund is The aim of the fund is to provide investors with regular and competitive returns that are in the top quartile of all Australian aggressive retail mortgage trusts on returns for 1 year, by investing in a portfolio of registered 1st mortgages in Australia securing loans for property development and other purposes. Other investments may include corporate bonds, bank and other deposits and assets that satisfy the fund's investment criteria.

What is the strategy for the Provident Capital High Yield Fund managed fund?

The strategy of the Provident Capital High Yield Fund managed fund is The fund invests in a portfolio of first mortgages for property development in Australia.

What is the APIR code of the Provident Capital High Yield Fund managed fund?

The APIR code of the Provident Capital High Yield Fund managed fund is PCA0002AU.

What was Provident Capital High Yield Fund’s total return last month?

Provident Capital High Yield Fund’s total return last month was 0.85%. This was made up of a growth return of 0% and an income return of 0.85%. These returns were calculated as at 31 Oct 2012.

What was Provident Capital High Yield Fund’s total return for the last three months?

Provident Capital High Yield Fund’s total return for the last three months was 2.23%. This was made up of a growth return of 0% and an income return of 2.23%%. These returns were calculated as at 31 Oct 2012.

What is Provident Capital High Yield Fund’s one-year total return?

Provident Capital High Yield Fund’s one-year total return is 12.98%. This was made up of a growth return of 0% and an income return of 12.98%. These returns were calculated as at 31 Oct 2012.

What is Provident Capital High Yield Fund’s three-year total return?

Provident Capital High Yield Fund’s one-year total return is 11.81%. This was made up of a growth return of 0% and an income return of 11.81%. These returns were calculated as at 31 Oct 2012.

What is the asset allocation of the Provident Capital High Yield Fund managed fund?

The asset allocation of the Provident Capital High Yield Fund managed fund is :

Cash: 57.87%

Property & Infrastructure: 42.13%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Provident Capital High Yield Fund managed fund?

The Responsible Entity for the Provident Capital High Yield Fund managed fund is Provident Capital Limited.

What sector/asset class does the Provident Capital High Yield Fund managed fund belong to?

The Provident Capital High Yield Fund managed fund belongs to the Mortgages Aggressive sector/asset class.

What is the size of the Provident Capital High Yield Fund managed fund?

As at 31 Oct 2012, the size of the Provident Capital High Yield Fund managed fund was $0.72 million.

What is the inception date of the Provident Capital High Yield Fund managed fund?

The Provident Capital High Yield Fund managed fund has an inception date of 1 Oct 2009.

What is the current entry price of the Provident Capital High Yield Fund managed fund?

The current entry price of the Provident Capital High Yield Fund managed fund is $1 per unit and the current exit price is $1 per unit (as at 31 Oct 2012).

What is the current exit price of the Provident Capital High Yield Fund managed fund?

The current exit price of the Provident Capital High Yield Fund managed fund is $1 per unit and the current entry price is $1 per unit (as at 31 Oct 2012).

What is the minimum investment amount for the Provident Capital High Yield Fund managed fund?

The minimum initial investment amount for the Provident Capital High Yield Fund managed fund is $10,000. Minimum additional investment is $1000.

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.

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