About the Fund
The Provident Capital Monthly Income Fund caters to investors looking for a regular monthly income, from a well-managed fund with a market leading rate that invests largely in a portfolio of registered 1st Australian mortgages.
A strong track record
We have a proud track record of consistently meeting our investment objective - which is to provide a monthly income that is in the top 25% of all Australian retail mortgage funds, based on returns for 1 year#.
We have continually met this objective since August 2010 up to today!
Highlights
Delivers a competitive monthly income from a portfolio of registered 1st mortgage loans,
- A rate of 10.17% p.a. since inception in August 2009, for variable rate units.
- Researched and rated by PIR
- Managed by an experienced fund manager, with a strong performance history and track record
Our philosophy
- Provide a competitive and regular monthly income to investors
- Balance competitive performance with investment security
- Preserve investors capital
Choose from two investment options
- Variable rate units - variable returns aligned to the performance of the Fund
- Fixed rate units - the reliability of a known, fixed rate of return
All Units: Returns are annualised and are net of fees and charges, and assume reinvestment of distributions where relevant. Distribution rates can go up and down. Past performance is not necessarily indicative of future performance. Past distribution rates are not intended to be a forecast. An investment with the Provident Capital Monthly Income Fund ARSN 134 487 362 is not a bank deposit and carries the risk of investors losing some or all of their principal investment. There is a risk that an investment in the Fund may achieve lower than expected returns. Investment ratings are only one factor to take into account when deciding whether to invest and copies of the report may be obtained from www.providentcapital.com.au. The offer of units in the Fund is made in a product disclosure statement issued by Provident Capital Limited ACN 082 735 573 AFSL 225172 dated 28/03/11 and the supplementary PDS dated 15 March 2012. Investors should consider the PDS in deciding whether or not to invest. Investors must complete the application form accompanying the PDS.
Fixed rate units:
The fixed rate return is not guaranteed. Availability and rate is subject to change at any time.