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Balmain AQUA High Income Trust

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General Information

Fund Name	Balmain AQUA High Income Trust
Fund Status	Closed
Manager	Trust Company (RE Services) Limited
APIR Code	JFF0001AU
Sector/Asset Class	Mortgages Aggressive
Morningstar Rating	(as at 28th Feb 2011)
Legal Structure	Investment Fund
Fund Inception	7th Oct 2004
Fund Size	$28.93 million (as at 31st May 2013)
Entry Price	$0.85415 (as at 31st May 2013)
Exit Price	$0.85415 (as at 31st May 2013)

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Fund Performance (as at 31st May 2013)

NOTE : returns for periods greater than 1 year are annualised

	1 Month %	3 Month %	6 Month %	1 Year % p.a.	2 Year % p.a.	3 Year % p.a.	5 Year % p.a.	10 Year % p.a.
Total Return	0.21	0.69	2.24	1.1	3.21	3.94	1.42	-
Growth Return	0.00	0.00	0.72	-2.90	-1.47	-1.01	-3.47	-
Income Return	0.21	0.69	1.52	4.00	4.68	4.95	4.89	-
Morningstar Index (Mstar PG ITr Mortgages Aggressive Idx)
Total Return	0.35	0.99	2.00	4.47	5.65	5.92	5.47	6.50
Market Index (UBS Bank 0+ Yr TR AUD)
Total Return	0.26	0.77	1.56	3.33	4.08	4.38	4.55	5.29

Asset Allocation (as at 31st May 2013)

Domestic Shares	0%
International Shares	0%
Cash	36.43%
Listed Property	0%
Direct Property	0%
Domestic Fixed Interest	0%
International Fixed Interest	0%
Mortgage	63.57%
Other	0%

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Objectives and Strategy

Fund Objective

Mirvac AQUA High Income Fund aims to provide income and security of capital.

Fund Strategy

The Mirvac AQUA High Income Fund invests primarily in loans secured by a mix of registered first, second and subordinated mortgage investments and Mortgage Backed Securities via investments in the Mirvac AQUA Mezzanine Debt Pool and the Mirvac AQUA Construction Debt Pool. The Mirvac AQUA High Income Fund will also hold some cash and invest in Liquid Assets. From time to time, it may also invest in the Mirvac AQUA Senior Debt Pool.

Offer Information

Entry Fee via InvestSMART	0%
Indirect Cost Ratio (ICR)	1.29% (as at 30th Jun 2011)
Minimum Initial Investment	$10,000

The data is provided by Morningstar. For further information on managed funds, including Research Reports, please visit www.morningstar.com.au

© Copyright Morningstar Australasia Pty Ltd 2009 ABN 95 090 665 544 (Morningstar), AFSL 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

Further managed funds data is provided by Standard & Poor's Information Services and is subject to the following disclaimers.

^* Dates for historical returns vary from fund to fund

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IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.

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