LM Managed Performance Fund
LM Managed Performance Fund
The LM Managed Performance Fund is an Australian based unregistered managed investment scheme and available only to Non-Australian (excluding New Zealand) or wholesale/sophisticated Australian investors.
Investment into the LM Managed Performance Fund can only be made through our global network of financial advisers and intermediaries. Investors should contact their financial adviser or intermediary to determine if an investment in the fund is suitable to their financial needs and objectives. It is important that investors read the warning statements at the bottom of this product page as well as the information memorandum for complete details of the fund.
About the LM Fund
LM utilises its property expertise and business relationships spanning Australia's property sector with the aim of selecting investments that offer investors in the fund a yield from property and/or property related investment. Yield is delivered to investors as income only, to assist in simplifying Australian taxation requirements for property and for non-Australian resident investors.
The LM Managed Performance Fund has a broad investment mandate which allows LM, as Manager, to drive performance through the informed selection of a range of investment opportunities.
The fund currently invests in commercial loans secured by first and second mortgages, direct real property, cash and 'at call' securities).
LM Fund Objective
To provide a steady income stream relevant to the risk return of the fund. Investments in the LM Managed Performance Fund can be hedged in the relevant currency against Australian dollar currency investments.
Key Features of the LM Fund
Minimum Investment Amount: AUD1,000.
Currency Options: AUD, USD, GBP, EUR, CAD, HKD, SGD, JPY, NZD, ZAR, TRY and CHF. An investment in AUD is not hedged. Investment may be arranged for most currencies. For clarification on hedging a specific currency, we recommend investors contact their financial adviser or LM.
Investment Term:
Personal Investors - 12 month, 24 month, and 36 month investment terms, as well as a Savings Plan option.
Global Platform and Portfolio Bond Investors - Rolled up 12 month, 24 month and 36 month investment option.
Distribution Frequency:
Personal Investors - AUD investments: monthly; Non-AUD investments: monthly, quarterly, annually or at the end of the investment term.
Master Trusts, Wraps and Global Bond Providers - Partial redemption of units equivalent to the fund distribution on a monthly or quarterly basis.
Minimum Withdrawal: Multiples of AUD1,000.
Withdrawal Notice: At least 90 days prior to the maturity date of the investment term.
Minimum Balance: AUD1,000.
Distributions
Personal Investors: Non-AUD Distributions are automatically reinvested at the end of the investment term or if the investor elects the distributions may be paid monthly, quarterly or annually to their nominated financial institution account. If the distribution is paid monthly it will not be hedged. AUD Distributions are automatically reinvested monthly. Investors may elect to have distributions paid to their nominated financial institution account.
Master Trusts, Wraps and Global Bond Providers: distributions are calculated daily and reflected in the daily unit price for the investment.
Automatic Rollover
Personal Investors: At the end of the initial term, the investor's original investment and distribution (unless the investor elects to have the distribution paid to their bank account nominated on the application form) are automatically reinvested in the originally nominated currency for further 3 month investment terms at the appropriate lower distribution rate unless the investor notifies the Manager to reinvest for longer investment terms, or a withdrawal notice is received by the Manager 90 days prior to the expiration of the term.
Master Trusts, Wraps and Global Bond Providers: Investments will continually roll for further investment terms of the same length until a withdrawal notice is received at least 90 days prior to the expiration of the term.
How to Invest in LM managed performance fund
Investments can only be made through a financial adviser or intermediary.
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Personal Investors, please print the forms below and email to us the completed versions for checking.
The completed Application Form
The completed necessary anti money laundering form
Relevant ID and address documents
After this we will confirm all is complete before you send the tt:
Telegraphically transfer/direct credit investment funds to the LM Managed Performance Fund account.
