AltX Credit Fund

Class D – Diversified

Class D – Diversified

Diversified Exposure

Senior and Junior 1st Ranking & 2nd Ranking Mortgage Security

Interest Paid Monthly

10.14% p.a.*

*Annualised monthly return for November

Fund overview

Structure

Open-ended Australian Wholesale Unit Trust

Minimum Investment

AUD $50,000

Income Distributions

Monthly

Investor Eligibility

Wholesale investors only

Underlying Exposure

1st Mortgage Loans 2nd Mortgage Loans Typical underlying loan terms: 12-36 months

Target Return p.a.

RBA Cash Rate plus 5.75%

Management Fee

1.75% p.a.

Performance Fee

20% of outperformance above Target Return

Withdrawal Frequency

Semi-Annual (as at end of June and December)

Notice to Withdraw

6 Months

Lock-Up Period

12 Months

Loans for Construction / Development

Yes

APIR Code

ATX3267AU

Fund structure

Investment guidelines*

UNDERLYING LOANS

  • Repayment of all Underlying Loans must be secured by first ranking registered mortgages and second ranking registered mortgages or caveats over Australian real estate.

  • All Underlying Loans must be supported by guarantees by the directors of the Borrower (or other persons who may control the Borrower) and a charge that is registered by the lender on the PPSR over the Borrower, a related entity or both.

  • Non-regulated Underlying Loans will be made to Australian companies and, where this is not the case, there must be evidence that the funds are used predominantly for business purposes.

  • Regulated Underlying Loans will be made to consumers who will predominantly use the funds for personal, domestic or household purposes or the purchase of residential property.

  • Underlying Loans may be advanced or the purposes of construction and non-construction opportunities. 

  • The minimum term for each Underlying Loan may not be less than 1 month.

The Underlying Loans of the Senior Notes will have the following characteristics:

  • The maximum LVR for residential property exposure shall not exceed 70%

  • The maximum LVR for commercial and industrial property exposure shall not exceed 65%

  • The maximum LVR for vacant land exposure shall not exceed 55% and

  • The maximum loan term - 36 months.

Underlying Loans made for the purposes of funding construction will be subject to the following guidelines:

  • The maximum LVR – 70% of Net Realisation Value (determined on an 'as-if-complete' basis) and

  • The maximum loan term – 36 months.

The Underlying Loans of the Junior Notes will have the following characteristics:

  • The maximum LVR for residential property exposure shall not exceed 75%

  • The maximum LVR for commercial and industrial property exposure shall not exceed 70%

  • The maximum LVR for vacant land exposure shall not exceed 60% and

  • The maximum loan term - 36 months.

Underlying Loans made for the purposes of funding construction will be subject to the following guidelines:

  • The maximum LVR – 75% of Net Realisation Value (determined on an 'as-if-complete' basis) and

  • The maximum loan term – 36 months.

The Underlying Loans of the Mezzanine Notes will have the following characteristics:

  • The maximum LVR for residential property exposure shall not exceed 80%

  • The maximum LVR for commercial and industrial property exposure shall not exceed 75%

  • The maximum LVR for vacant land exposure shall not exceed 65% and

  • The maximum loan term - 36 months.

Underlying Loans made for the purposes of funding construction will be subject to the following guidelines:

  • The maximum LVR – 80% of Net Realisation Value (determined on an 'as-if-complete' basis) and

  • The maximum loan term - 36 months.

* Refer to Investment Memorandum for detailed Investment Guidelines

Fund documentation

Investment Memorandum

Review the detailed offering document of the Fund

Download

Class Overview

Review an overview of the investment opportunity, fund highlights, key fund terms, investment guidelines and fund structure

Download

Fund Fact Sheet

Review current and historic performance, fund highlights and key fund terms

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Fund Rating Report

Provide your details to request a copy of the rating reports for the AltX Credit Fund

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Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd

AltX is an online investment platform offering alternative income – generating investments, delivered seamlessly.

Disclaimers

AltX Pty Ltd (ACN: 618 796 115, AR no: 1270087), is an authorised representative of AltX Funds Management Pty Ltd (ACN: 113 502 604, AFSL no: 291314). The information on this website has been prepared for accredited wholesale clients – only who are interested in learning about the different products they can access via AltX. This information is factual information only. Any displays of potential investments are for example purposes only, and may not actually be available to investors. It does not take into account any of your personal objectives, circumstances or needs and does not constitute financial advice. Choosing an investment is an important decision and, before making any investment decision, you should consider obtaining financial advice, always read the disclosure documents as listed against every deal on the AltX investment platform and understand the associated risks as explained as on the AltX investment platform. 

Past performance is not an indicator of future performance. Expected or forecasted returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only, and may not actually be available to investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities.

AltX Pty Ltd is not a bank and is not regulated by the Australian Prudential Regulation Authority, and investing in AltX products is not the same as depositing money in a term deposit offered by a bank.

© 2024

AltX Funds Management Pty Ltd