AFM Fund Profile — ASCF High Yield Fund

Fund & Manager Details

Key Facts

Fund Type: Single Discretionary/Quantitative: Discretionary
Strategy: Private Debt/Mortgage FUM (millions): AU$147.51m
Style: N/A Fund Inception Date: Since 01 March 2017
Geographic Mandate: Australia Latest Return Date: October 2024
Fund Domicile: Australia Investor Type: Retail
Status: Open Reporting Status: Current

Manager Details and Fund Description

Manager: Australian Secure Capital Fund Total FUM for all funds: AU$221.18m
Manager Overview:
Established in 2016, Australian Secure Capital Fund Ltd (ASCF) is a Brisbane based fund manager operating three pooled mortgage investment funds: ASCF Premium Capital Fund, ASCF Select Income Fund and ASCF High Yield Fund.

Unlike peer to peer lending, where investors will invest directly in a single loan, all investments in ASCF funds are spread across the entire pool of loans. This helps to minimise the impact of any losses incurred by a Fund.

ASCF does not provide any construction or development funding to property developers.
 Fund/Strategy Overview:

ASCF High Yield Fund provides short term 1st and/or 2nd mortgage loans to a maximum Loan to Valuation Ratio (LVR) of 80% for a maximum term of 12 months on residential and commercial property. Does not require full valuations on loans <65% LVR. Borrowing rates are from 12% per annum on 1st mortgage loans and 16% per annum on 2nd mortgage/caveat loans. Pays investors between 6.50% - 7.75% per annum depending on their investment term.
Other funds operated by manager:
ASCF Premium Capital Fund, ASCF Select Income Fund

Investment Details

Investment Terms

Minimum Investment: Minimum Additional Investment: Minimum Term: Investment Frequency:
AU$5,000 AU$5,000 1 Months Daily
Regular Savings Option: Regular Savings Min. Amount : Regular Savings Max. Amount : Regular Savings Freq.:
No N/A 
Redemption Notice: Redemption Frequency: Notes:
1 Months Daily
 Redemption notice is 1-3 months dependi...
Distributions: Distribution Frequency: Last Distribution Date: Last Distribution Amount:
Yes Monthly AU$

Structure

Offshore/Onshore: Fund Structure: Share Classes: Trustee/Responsible Entity:
Onshore Unit Trust AU$ Australian Secure Capital Fund Ltd
Administrator: Prime Broker: Custodian: Legal:
N/A N/A Certane CT Pty Ltd McMahon Clarke

Fund Fees

Management Fee: Performance Fee: High Water Mark: Hurdle:
% % N/A N/A
Buy Spread: Sell spread: Early Redemption Fee: Fees Notes:
% % Yes Management and Performance Fees not app...

Performance & Risk

Returns

Latest Return Date: Latest Result: Fund Inception Date: Annualised Return:
October 2024 0.64% 01 March 2017 8.15%
Latest 3 Months: Latest 6 Months: Latest 12 Months: Latest 2 Years p.a.:
1.94% 3.88% 7.72% 7.24%
Latest 3 Years p.a.: Latest 4 Years p.a.: Latest 5 Years p.a.: Latest 7 Years p.a.:
7.04% 7.20% 7.50% 7.97%

Performance Statistics

% Positive Months (S.I.): Average Return: Average +ve Return: Average -ve Return:
100.00% 0.66% 0.66% N/A
Best Month: Worst Month: Up Capture Ratio (S.I.): Down Capture Ratio (S.I.):
1.02% 0.35% 61.78% -70.88%
Largest Drawdown (S.I.): Longest Drawdown (S.I.): Current Drawdown (%): Current Drawdown (Months):
0.00% 0 months 0.00% N/A

Risk

Annualised Standard Deviation (S.I.): Downside Deviation (S.I.): Sortino Ratio (S.I.): -
0.38% 0.00% N/A -
Sharpe Ratio (12 months): Sharpe Ratio (3 years): Sharpe Ratio (5 years): Sharpe Ratio (S.I.):
43.62 9.97 8.87 9.90
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate

Ranking, Research & Availability

Fund Quintile in its Peer Group (Fixed Income - Debt) as at October 2024

AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of ASCF High Yield Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.

As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.

1 Year
3 Year
5 Year
7 Year
ASCF High Yield Fund
RBA Cash Rate + 5%

External Research and Ratings: As reported by each Fund Manager.

No external fund ratings provided

Availability:As reported by each Fund Manager.

Available on Investment Platforms:
OLIVIA123

News & Insights

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Performance Report: ASCF High Yield Fund
11 Nov 2024 - FundMonitors.com
The ASCF High Yield Fund rose by +0.64% in October, outperforming the Bloomberg AusBond Composite 0+ Yr benchmark by +2.52%. Since inception in March 2017, the fund has returned +8.15% per annum, an outperformance of +6.61% relative to the...
Read more...
Australian Secure Capital Fund - Market Update
1 Nov 2024 - Australian Secure Capital Fund
For the 20th consecutive month, headline national home values increased by a modest 0.4%, signalling that the strong momentum is beginning to leave the market.
Read more...
Performance Report: ASCF High Yield Fund
17 Sep 2024 - FundMonitors.com
The ASCF High Yield Fund rose by +0.66% in August. Since inception in March 2017, the fund has returned +8.16% per annum, an outperformance of +6.4% relative to the Bloomberg AusBond Composite 0+ Yr benchmark which has returned +1.76% on...
Read more...

Fund Documents

Product disclosure/IM

Target Market Determination



Fund Performance

Historical Performance (all figures shown here are net of fees unless otherwise stated)

Year Jan % Feb % Mar % Apr % May % Jun % Jul % Aug % Sep % Oct % Nov % Dec % YTD %
2024 0.60 0.59 0.62 0.62 0.64 0.61 0.64 0.66 0.62 0.64 N/R N/R 6.43
2023 0.53 0.49 0.55 0.55 0.55 0.55 0.58 0.56 0.56 0.59 0.59 0.62 6.95
2022 0.56 0.50 0.55 0.54 0.55 0.53 0.53 0.53 0.52 0.54 0.51 0.53 6.55
2021 0.65 0.59 0.61 0.61 0.62 0.60 0.61 0.61 0.58 0.59 0.56 0.57 7.46
2020 0.72 0.66 0.73 0.71 0.73 0.68 0.68 0.70 0.68 0.68 0.66 0.67 8.62
2019 0.72 0.67 0.73 0.72 0.71 0.75 0.75 0.74 0.70 0.72 0.68 0.73 8.97
2018 0.81 0.71 0.76 0.66 0.74 0.75 0.79 0.74 0.70 0.70 0.72 0.74 9.18
2017 N/R N/R 1.02 0.92 0.95 0.95 0.57 0.35 0.84 0.83 0.80 0.75 8.27

Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)

Year Jul % Aug % Sep % Oct % Nov % Dec % Jan % Feb % Mar % Apr % May % Jun % FYTD %
2024/2025 0.64 0.66 0.62 0.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.59
2023/2024 0.58 0.56 0.56 0.59 0.59 0.62 0.60 0.59 0.62 0.62 0.64 0.61 7.43
2022/2023 0.53 0.53 0.52 0.54 0.51 0.53 0.53 0.49 0.55 0.55 0.55 0.55 6.56
2021/2022 0.61 0.61 0.58 0.59 0.56 0.57 0.56 0.50 0.55 0.54 0.55 0.53 6.95
2020/2021 0.68 0.70 0.68 0.68 0.66 0.67 0.65 0.59 0.61 0.61 0.62 0.60 8.03
2019/2020 0.75 0.74 0.70 0.72 0.68 0.73 0.72 0.66 0.73 0.71 0.73 0.68 8.89
2018/2019 0.79 0.74 0.70 0.70 0.72 0.74 0.72 0.67 0.73 0.72 0.71 0.75 9.05
2017/2018 0.57 0.35 0.84 0.83 0.80 0.75 0.81 0.71 0.76 0.66 0.74 0.75 8.91
2016/2017 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.02 0.92 0.95 0.95 3.90

General Notes

Performance shown is the aggregate return for all investors across all investment terms (3, 6, 12 and 24 months). Redemption notice is 1-3 months depending on investment term.