BEST MORTGAGE FUND

GOLD WINNER LA TROBE

An experienced, professional team has again delivered the goods

For nine years in a row La Trobe’s 12 Month Term Account, formerly the Pooled Mortgages Fund, has taken out this award. And as in previous years it’s the only mortgage fund that the three judges – Lonsec, SQM Research and Zenith – believe deserves an award in this category.

This fund particularly appeals to investors seeking regular income as it pays distributions monthly. The annual return to September 30 is 5.33% and the minimum holding period is 12 months.

La Trobe only lends for properties where it has a registered first mortgage and will not undertake related-party lending. SQM Research assigns it a 4.25-star “superior” rating.

Among the reasons it gives for this are:

• The fund has a team of very professional, knowledgeable and experienced staff who uphold its investment philosophy and strategy.

• It maintains a reserve to protect investors’ capital balance and to smooth the distribution of income.

• There is a fixed management fee of 1.5%.

• The liquidity is effectively managed.

Both Lonsec and Zenith give the investment a “recommended” rating. “La Trobe has carved out an impressive track record in this sector,” says Zenith’s latest report on the product.