Funds Comparison

	ASCF High Yield	ASCF Select Income	ASCF Premium Capital
Status	Open	Open	Open
Unit Price	$1.00	$1.00	$1.00
Targeted Distribution Rate p.a. - 24 month term	7.30%	6.75%	6.40%
Targeted Distribution Rate p.a. - 12 month term	7.75%	7.25%	7.00%
Targeted Distribution Rate p.a. - 6 month term	7.25%	6.75%	6.50%
Targeted Distribution Rate p.a. - 3 month term	6.75%	6.50%	6.35%
Property Type	Residential and Commercial	Residential and Commercial	Residential and Commercial
Security Type	1st and 2nd mortgages	1st mortgage only	1st mortgage only
Valuation Requirements	Full if LVR >65%	Full if LVR >65%	Full in all cases
Max. LVR	80%	80%	70%
Investor Reserve Account	Yes	Yes	Yes
Spread Protection	No	No	Yes
Entry Fees	Nil	Nil	Nil
Exit Fees	Nil	Nil	Nil
Minimum Investment Amount	$5,000	$5,000	$5,000
Maximum Investment Amount	No maximum on 6, 12 & 24 month terms $250,000 maximum on 3 month terms	No maximum on 6, 12 & 24 month terms $250,000 maximum on 3 month terms	No maximum on 6, 12 & 24 month terms $250,000 maximum on 3 month terms
Minimum Investment Term	3 months	3 months	3 months
Distribution Payments	Monthly	Monthly	Monthly
Audit Frequency	Half-yearly	Half-yearly	Half-yearly
Redemption Notice	1-3 months depending on investment term	1-3 months depending on investment term	1-3 months depending on investment term
Auditor	Grant Thornton	Grant Thornton	Grant Thornton
Custodian	Certane CT Pty Ltd	Certane CT Pty Ltd	Certane CT Pty Ltd