AltX-Assetline Horizon Managed Fund
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
24 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 – 1st loss provision
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 - December 2021*
* December 2021 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*
Fund Documentation
Investment Memorandum
Learn about the key Fund terms, investment guidelines, Manager background and Fund structure
Managed Fund Overview
Review the historical and current performance, guidelines and structure of the Fund
Fund Fact Sheet
The Fund Fact Sheet details the historical and current performance, guidelines and Fund structure
Invest Today
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