AltX-Assetline Horizon Managed Fund
AltX-Assetline Horizon Managed Debt Fund delivers diversified exposure to 1st mortgage-backed bridging, construction, and full-serviceability loans with investor 1st loss provision
- 1st Mortgage Security
- Diversified Exposure
- Experienced Investment Manager
- Conservative Loan to Value Ratios
- Interest Paid Monthly
Fund Overview
Structure
Australian Wholesale Unit Trust
Minimum Investment
AUD $100,000
Fund Term
36 months, with run-off thereafter as underlying loans repay
Income Distributions
Monthly
Capital Distributions
Pro-rata as underlying loans repay at the end of the fund term
Investor Eligibility
Wholesale investors only
Management Fee
0.25% p.a.
Wholesale Eligible Investors
1st Mortgage Underlying Security
36 Months Fund Investment Period
Fund Structure
Exposure to the most senior part of the capital structure *
* Illustrative example only. Refer to Information Memorandum for detailed Investment Guideline
Equity
- Lender buffer, borrower first loss
First Mortgage
- Priority claim on interest and principal
- Priority claim on asset
Fund Performance
RBA Cash Rate vs Fund Performance - April 2022*
* April 2022 monthly return, annualised variable rate
29 Underlying loans
100% Capital and Interest returned
Investment Guidelines *
UNDERLYING LOANS
- Must be made to companies or the monies advanced must be predominantly for business purposes
- Must be secured by First Registered Mortgages over the property in Australia (“stand-alone” and construction)
- Must be supported by borrower serviceability, Directors’ Guarantees by the borrowing entity and a PPSR charge over the borrowing entity, a related entity or both
- Minimum Term 3 months, Maximum Term 36 months
- Maximum LVR’s: Residential – 70%; Commercial & Industrial – 65%; Vacant land – 55%
PORTFOLIO
- Fund assets not invested in Underlying Loans must be held in cash in a major Australian bank
- No individual Underlying Loan exposure may exceed 15% of the assets of the Fund
- The Fund may only provide funding for Underlying Loans alongside investors participating on the same commercial terms*
* Refer to Investment Memorandum for detailed Investment Guidelines
Fund Documentation
Investment Memorandum
Review the detailed offering document of the Fund
Managed Fund Overview
Review an overview of the investment opportunity, Fund highlights, key Fund terms, investment guidelines and Fund structure
Fund Fact Sheet
Review current and historic performance, Fund highlights and key Fund terms
Invest Today
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