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

5.59% p.a.*

* April 2022 distribution rate annualised

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

Managed Fund Form

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