The Pooled Fund

The VMIL Premium First Mortgage Fund (Pooled Fund) pools your funds with those of other investors. This means that, collectively each investor achieves greater diversification of investment and gains access to a broader range of mortgage investment opportunities. Returns reflect the interest earned across all mortgage investments in the Fund.

The Pooled Fund is a registered managed investment scheme and is an unlisted Australian unit trust. Investors in the Pooled Fund purchase Units, which represent a share of the Fund’s asset pool. Certain rights attach to Units, and these rights are exercisable by Unitholders. VMIL is the Responsible Entity for the Pooled Fund and manages the Fund’s mortgage investments. The activities of VMIL as Responsible Entity are bound by the Corporations Law and the Constitution of the Pooled Fund.

Key Features of the Pooled Fund

The Pooled Fund is designed for Investors seeking income returns which are relatively low risk and paid regularly at rates in excess of cash rates.

The returns paid by the Pooled Fund are:-

• predictable because the return is based on a Declared Rate
• potentially enhanced by a Bonus Return

The Declared Rate is:-

• the minimum rate that VMIL calculates as the likely return for the quarter ahead
• declared at the commencement of each quarter
• set with regard to projected Pooled Fund earnings
• paid monthly
• paid before VMIL deducts any fees

The Bonus Return is:-

• the Investor's share of any Surplus Return achieved by the Pooled Fund
• paid after payment of the Declared Rate, Management Fees and Expense Recoveries
• paid quarterly

Other features of the Pooled Fund include:-

• the Pooled Fund is open to Investors with as little as $1,000 to invest
• income may be reinvested
• Regular savings Plan for as little as $250

The Pooled Fund accepts mortgage investments from retail and wholesale Investors and advances those funds on the security of registered first mortgages. All loans are made for the business and / or investment purposes of the borrower, and secured by good quality residential, commercial, retail and industrial real estate located in the CBD and metropolitan areas of all Australian capital cities and major regional centres (having a permanent population base of at least 25,000) .

The Pooled Fund does not lend on construction or development projects.

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