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Richmond Mortgage - Managed Fund (Closed)

Fund Objective
The fund aims to provide Investors with regular income and capital stability generated from a diversified income producing portfolio.
Fund Strategy
The Fund invests primarily in a portfolio of commercial loans secured by registered first mortgages over residential, commercial, industrial and rural properties. The Fund's mortgage portfolio is diversified at a number of levels including geographic location, sector and loan size.

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 0.52% 1.62% 3.24% 6.26% 6.28% 6.89% 6.89% 5.83%
Growth return 0% 0% 0% 0% 0% 0% 0% 0%
Income return 0.52% 1.62% 3.24% 6.26% 6.28% 6.89% 6.89% 5.83%
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 Sep 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Richmond Mortgage
Cash
16.19%
Fixed Interest
83.81%
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
Richmond Mortgage
Closed
Ballina Mortgage Management Limited
BMM0001AU
Mortgages
starstarstarstarstar (as at 30 Nov 2010)
Investment Fund
1 Sep 2000
$62.92 million (as at 30 Nov 2010)
$1 (as at 31 May 2011)
$1 (as at 31 May 2011)
Finalised
Offer information
Type Description
MER 1.67% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 2.33% (as at 30 Jun 2009)
Minimum initial investment $100.00

FAQs about the Richmond Mortgage

The objective of the Richmond Mortgage managed fund is The fund aims to provide Investors with regular income and capital stability generated from a diversified income producing portfolio.

The strategy of the Richmond Mortgage managed fund is The Fund invests primarily in a portfolio of commercial loans secured by registered first mortgages over residential, commercial, industrial and rural properties. The Fund's mortgage portfolio is diversified at a number of levels including geographic location, sector and loan size.

The APIR code of the Richmond Mortgage managed fund is BMM0001AU.

Richmond Mortgage’s total return last month was 0.52%. This was made up of a growth return of 0% and an income return of 0.52%. These returns were calculated as at 30 Sep 2010.

Richmond Mortgage’s total return for the last three months was 1.62%. This was made up of a growth return of 0% and an income return of 1.62%%. These returns were calculated as at 30 Sep 2010.

Richmond Mortgage’s one-year total return is 6.26%. This was made up of a growth return of 0% and an income return of 6.26%. These returns were calculated as at 30 Sep 2010.

Richmond Mortgage’s one-year total return is 6.89%. This was made up of a growth return of 0% and an income return of 6.89%. These returns were calculated as at 30 Sep 2010.

The asset allocation of the Richmond Mortgage managed fund is :

Cash
16.19%
Fixed Interest
83.81%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the Richmond Mortgage managed fund is Ballina Mortgage Management Limited.

The Richmond Mortgage managed fund belongs to the Mortgages sector/asset class.

As at 30 Nov 2010, the size of the Richmond Mortgage managed fund was $62.92 million.

The Richmond Mortgage managed fund has an inception date of 1 Sep 2000.

The current entry price of the Richmond Mortgage managed fund is $1 per unit and the current exit price is $1 per unit (as at 31 May 2011).

The current exit price of the Richmond Mortgage managed fund is $1 per unit and the current entry price is $1 per unit (as at 31 May 2011).

The minimum initial investment amount for the Richmond Mortgage managed fund is $100.

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.