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Sandhurst Select Mortgage Fund

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Fund overview

The objective of the Sandhurst Select Mortgage Fund (Fund) is to provide investors with regular income and capital stability.

Investment strategy

Sandhurst aims to achieve the investment objective of the Fund by investing in a pool of diversified mortgage assets that is consistent with our conservative lending policy. The Fund predominantly invests in Australian first registered mortgages and mortgage backed securities that are income producing. The Fund also seeks to hold cash and cash equivalent assets to generate income and provide liquidity to the Fund.

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Indicative Rate¹

1 July 2017 to 30 September 2017 2.15% p.a.

At the beginning of each quarter Sandhurst will announce an indicative rate as an indication of the likely return of the Fund for the quarter (net of fees and costs), referred to as the Indicative Rate. Sandhurst calculates the indicative rate by careful analysis of the Fund’s projected investment income and by considering factors such as forecast interest rates and the portfolio mix of assets in the Fund. Sandhurst may change the indicative rate for the quarter at any time (for example, due to unexpected market conditions).

The indicative rate is not guaranteed. The actual rate of return paid to investors at the end of each quarter is determined by the amount of income earned by the Fund (net of fees and costs). The actual rate paid may be more or less than the indicative rate. The current indicative rate is used to calculate an investor’s final income payment where they close their account before the end of a quarter.

To view previous returns of the Fund click here.

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Features

Operation Passbook or investment statement, issued quarterly
Minimum initial investment $2000 by cheque or direct credit only
Minimum holding $2000
Minimum additional investment Nil
Income distributions

Calculated quarterly as at 31 March, 30 June, 30 September and 31 December.

Income is calculated on your daily balance and paid on a quarterly basis on the first day of the new quarter or upon account closure.

Income distributions are not guaranteed. You will have access to any distributions paid during the 90 day hold period.

 

Income payment options

You can choose to have your distributions:

  • automatically reinvested; or
  • paid to you by direct credit to your nominated account.
Investment term²

Your initial investment and each subsequent contribution is fixed for 90 days and is then available for withdrawal under normal circumstances. Following the 90 day period, you may apply to withdraw those funds at any time.

Direct credits

Yes

Direct debits Yes
E-banking

Yes. Members can access Bendigo’s e-banking services including:

  1. Reviewing your balance and transactions
  2. Transferring funds between your nominated Bendigo Bank accounts and your Sandhurst Select Mortgage Fund investment
  3. Transferring funds using the Pay Anyone Service
  4. Making BPAY® payments
Please contact 1300 BENDIGO (1300 236 344) to apply for e-banking services. Approval is subject to Bendigo Bank’s discretion.

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Why choose the Sandhurst Select Mortgage Fund?

  • 100% of funds are invested in income generating assets, including first registered mortgages and cash assets.
  • Unlike some other mortgage funds, all redemption requests have been paid to investors since the inception of the Fund2
  • No application or withdrawal fees and a competitive management fee3, which means more of your money is working for you.
  • Can be used to balance a portfolio of longer-term investments or to offset less liquid assets

Fees on your account

  • No account keeping fees
  • No entry or exit fees
  • No fees for additional deposits
  • Indirect Cost Ratio4 as at 30 September 2016 is 1.34%.

To find out more

The information on this page is a summary only. For the Application Form and for further information, please refer to the Product Disclosure Statement (PDS) and applicable PDS updates which are available at our website www.sandhursttrustees.com.au/pds or alternatively please contact our Customer Service Team on 1800 803 173 or visit any Bendigo Bank branch.

 

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Investments in this Fund are not deposits with, guaranteed by, or liabilities of the Bendigo and Adelaide Bank Limited, or any other bank and are subject to normal investment risk including loss of some or all of the principal invested. Past performance is not an indication of future performance.

1 The indicative rate is not guaranteed and there is a risk that the rate paid may be lower than the published indicative rate.
2 Sandhurst shall satisfy withdrawal requests as soon as practicable (generally on the same day, but not more than 12 months). However, withdrawal requests may be delayed or refused if in Sandhurst’s reasonable opinion it is in the best interests of investors as a whole to do so. Investors will only have limited rights to withdraw if the Fund does not satisfy the liquidity test in the Corporations Act. There is a risk that withdrawal proceeds will not be paid within a reasonable period after the initial investment term.
3 Refer to the ‘Fees and other costs’ section of the current Product Disclosure Statement for more details of fees and costs.
4 Indirect Cost Ratio (ICR) includes investment management fees and certain other expenses; and is inclusive of GST. The investment management fee is calculated using the net asset value of the Fund. The historical ICR for the Fund is only an indicative measure and the actual expenses may vary from year to year. Please refer to the Product Disclosure Statement for further information on fees and costs.
® Registered to BPAY Pty Ltd ABN 69 079 137 518