ASCF High Yield Fund provides short term 1st and/or 2nd mortgage loans to a maximum Loan to Valuation Ratio (LVR) of 80% for a maximum term of 12 months on residential and commercial property. It does not require full valuations on loans <65% LVR. Borrowing rates are from 12% per annum on 1st mortgage loans and 16% per annum on 2nd mortgage/caveat loans. It pays investors between 6.50% - 7.75% per annum depending on their investment term.
Status: | Open | Inception Date: | Mar 2017 |
Strategy: | Private Debt/Mortgage | Style: | N/A |
Geography: | Australia | Domicile: | Australia |
Investors: | Retail | Min. Investment: | AU$ 5,000 |
Distributions: | Monthly | Applications: | Daily |
Fund Size: | AU$ 135.51m | Management Fee: | N/A |
Manager FUM: | AU$ 208.89m | Performance Fee: | N/A |
Fund | Index* | Fund | Index* | ||
Feb 2024: | 0.59% | -0.30% | Sharpe1: | 10.82 | 0.03 |
1 Year: | 7.13% | 3.51% | Sortino1: | N/A | 0.01 |
3 Years1,2: | 6.97% | -1.40% | Best Month1: | 1.02% | 3.36% |
5 Years1,2: | 7.66% | 0.31% | Worst Month1: | 0.35% | -3.75% |
Inception1,2: | 8.18% | 1.49% | Volatility1,2: | 0.40% | 4.85% |
Up-Capture1: | 62% | N/A | Down-Capture1: | -72% | N/A |
Performance shown is the aggregate return for all investors across all investment terms (3, 6, 12 and 24 months). Redemption notice is 1-3 months depending on investment term.