All investors enjoy fixed regular monthly income, net of all fund costs and management fees.
An investor can request a withdrawal of all or part of their investment by giving ASCF one to three months notice depending on their initial investment term.
All deposits, mortgages and securities of the funds are held by Sargon Corporate Trust Pty Ltd (SCT) who act as the custodian of all fund assets.
Investors earn between 6.25% and 8.69% per annum depending on their choice of fund and investment term.
An investment in the ASCF monthly income funds can be made in a personal name, jointly with a partner, by a Company, Trust or Self Managed Superannuation Fund.
Since inception the value of investors initial investment has remained stable at $1.00 per unit.
All our loans are secured by a registered mortgage over the borrowers property.
The maximum loan to value ratio on all loans to borrowers is 80% based on a valuation of the security property.
Your investment is spread across the entire pool of loans contained in each fund and not lent directly to a particular borrower or an individual security property.
We do not provide any construction finance to property developers.
Due to the short term nature of the loans we provide (maximum 12 months), our funds are less susceptible to property market fluctuations.
Our directors have over 70 years of banking and property experience.
All fund assets are held by our custodian Sargon Corporate Trust Pty Ltd (SCT).
Our fund compliance plans and constitutions are registered with the Australian Securities and Investments Commission the industry regulator under our Australian Financial Services Licence 491201.
Both our funds and compliance plans are fully audited by Grant Thornton on an ongoing basis.
Since ASCF was launched in 2016:
All investors have received their interest distribution every month All investors have had their request to redeem funds paid on time The value of investors initial investment has remained stable at $1.00 per unit
The making of loans to the director’s, employees or associated entities of ASCF are specifically prohibited.
|Type of Investment||Retail managed investment trust.|
|Manager||Australian Secure Capital Fund Ltd.|
|Australian Financial Services Licence||491201.|
|Custodian||Sargon Corporate Trust Pty Ltd (SCT).|
|Australian Credit Licence||491201.|
|Objectives||To invest in short term loans secured by registered mortgages against residential or commercial property in order to provide our investors with a secure fixed monthly return on their funds.|
|Choice of Funds||ASCF#1 all loans secured by 1st Mortgage Only.
ASCF#2 all loans secured by 1st and/or 2nd Mortgages.
|Issuance of Units||Once an application has been processed and accepted ASCF will issue units to an investor within 7 days.|
|Investment Strategy||The Manager intends to offer mortgage secured loans to approved borrowers.|
|Investment Term||Minimum 3 months.|
|Minimum Amount||AUD $20,000.|
|Maximum Amount||No Maximum.|
|Redemption of Units||1 to 3 months notice depending on initial investment term.|
|Distribution||The fund offers a fixed monthly rate to return. See our rates.|
|Security||Your investment is secured by way of a pool of registered mortgages held by the Funds’ Custodian SCT over the borrowers property.|
|Risks||The main risks to the business are property market risks, default risk and property valuation risk.|
|ASCF#1 Unit Price||Stable at $1.|
|ASCF#2 Unit Price||Stable at $1.|