Econ Income Fund
Fund Closed
Investment Strategy
Fund Details
| Features | Funds Details |
|---|---|
| Fund Objective | The fund aims to provide investors with a regular and stable monthly income secured by first registered mortgages over real Australian property. |
| Fund Strategy | Invest in a portfolio of loans secured by first registered mortgages |
| Fund Name | Econ Income Fund (ABN 64 212 454 332) |
| Type of Fund | Unregistered wholesale unit trust |
| Trustee & Manager | Econ Funds Management Pty Ltd (AFSL 517694) |
| Target Return | RBA Cash Rate + 5.50% (net of management fees) |
| Distribution Frequency | Monthly |
| Performance Fee | NIL |
| Entry & Exit Fee | NIL |
| Term | 18-24 months from closing date |
| Minimum Investment | $100,000 |
| Investor Type | Strictly limited to wholesale investors |
Econ Income Fund Performance Summary
| Inception Date | 1 October 2020 |
| Investment Status | Closed |
| Expiry Date | 30 September 2022 |
| Lending Activity Summary | Since Inception |
| Total Loans Funded | 39 |
| Total Loan Value | $85,612,773 |
| Fund Performance Summary | Since Inception |
| *Average Rate of Return | 6.32% |
