Best Mort­gage Fund Best Prop­erty Se­cu­ri­ties Funds

Lock in for at least 12 months to gain cap­i­tal sta­bil­ity and re­turns that beat cash

Money Magazine Australia - - CONTENTS -

For 10 years run­ning, La Trobe’s 12 Month Term Ac­count, for­merly the Pooled Mort­gages Fund, has won this award.

As in previous years it's the only mort­gage fund that all the three judges – Lon­sec, SQM Re­search and Zenith – rate as be­ing wor­thy of an award.

It pays dis­tri­bu­tions monthly and is mainly aimed at in­vestors who are seek­ing reg­u­lar in­come and are pre­pared to be locked in for at least 12 months, the min­i­mum hold­ing pe­riod.

Your funds are au­to­mat­i­cally rolled over for a new term of 12 months un­less you pro­vide us the re­quired no­tice to with­draw.

La Trobe may con­sider early with­drawal on hard­ship grounds but a fee will ap­ply.

La Trobe, which has more than 65 years' ex­pe­ri­ence, in­vests all its funds in cash or mort­gages where it has a reg­is­tered first mort­gage. SQM Re­search gives the La Trobe ac­count a 4.25-star su­pe­rior rat­ing. It says strengths in­clude knowl­edge­able and ex­pe­ri­enced staff di­ver­si­fi­ca­tion across geo­graph­i­cal sec­tors and bor­row­ers. It has also de­liv­ered re­turns con­sis­tently above its peers and bench­mark.

Zenith, which gives the fund a rec­om­mended rat­ing, says it “con­tin­ues to main­tain a solid con­vic­tion in the abil­i­ties of La Trobe and the role of the fund as a source of cap­i­tal sta­bil­ity and in­come re­turns in ex­cess of cash rates”.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.