A defensive strategy designed for investors seeking monthly income
Monthly income
Targeting monthly income of the RBA Cash Rate plus 5.00% p.a. (net of fees and costs)
Competitive risk-adjusted return
Competitive returns in exchange for low to medium levels of risk
Capital preservation
A defensive strategy focused on preserving investor capital
Watch Fund Video
Watch this short video to hear from Portfolio Manager, Drew Bowie, as he provides an introduction to the Fund along with an overview of the real estate credit market and some of the advantages of investing in the asset class.
Fund Facts
Aims to provide investors monthly cash distributions and a compelling risk-adjusted return through exposure to a range of first mortgage loans secured by Australian residential and commercial property, by investing directly or indirectly via third party originated special purpose trusts
Drew Bowie - Managing Director
A DRP is available and provides Unitholders with the option of automatically reinvesting their distributions in additional Units of the Fund.
Download the DRP booklet for more information.
Performance reportAs at 30 April 2023
MA Secured Real Estate Income Fund monthly performance report [PDF] (revised 24 May 2023)
1 Refer to the Product Disclosure Statement for details of all fees and costs associated with this product.
2 Where the Fund is liquid, a 30-day notice period is required for withdrawals but requests may be processed and paid sooner at the Responsible Entity's discretion. Withdrawal requests are subject to the Product Disclosure Statement and may be delayed or suspended in accordance with the procedures set out in the Product Disclosure Statement and the Fund Constitution. Note that up to 18 months is allowed under the constitution to satisfy withdrawal requests. Refer to the Product Disclosure Statement for details on withdrawals from the Fund.
Before making an investment decision, always read and understand the Product Disclosure Statement and all other relevant or updated information regarding the Fund.
Researcher ratings
‘Recommended’ rating
‘Favourable’ rating
Portfolio Manager
Drew Bowie
Managing Director
Drew Bowie is a Managing Director at MA Financial Group in Asset Management.
Drew is a credit asset management specialist and has over 25 years’ experience in real estate credit, portfolio management and capital market experience across multiple asset classes.
He has successfully completed an extensive array of development and investment portfolio finance facilities, incorporating senior and structured credit and equity participations for both in bank and non-bank institutions.
Transactions include Realm Adelaide: 310 apartments stretch senior development finance facility, Breakfast Point: Equity and debt for A$1.0bn, 1,800 residential development finance facility. Pace: Securitised 40-year triple net lease to fund the construction of a university research and teaching campus, Hilton Hotel: Construction facility developed under a project delivery agreement, Lend Lease: A$500m acquisition bridge facility refinanced via a A$975m syndicated facility.
Drew was previously responsible for deal origination and portfolio management at MaxCap Group, Pepper Group, RBS and Macquarie Bank.
Drew holds a Bachelor of Commerce (Business Law), Associate Diploma Business (Property Valuation), is a Fellow of the Australian Property Institute and is a Certified Practicing Valuer.
Risks
Risks
Risk Rating: Low to Medium risk classification3
All investments are subject to risk, which means the value of your investment may rise or fall. Before making an investment decision, it is important to understand the risks that can affect the value of your investment. Key risks of an investment in the Fund include but are not limited to:
Credit risk. Credit risk is the risk that one or more assets in the Portfolio may decline in price or fail to pay interest or principal when due because the borrower experiences a decline in its financial status.
Utilisation risk. The Portfolio may include investments in drawn and undrawn loans. Undrawn loans include revolving loans and facilities where the borrower can draw down and repay the facility over time, subject to an overall facility limit.
Liquidity risk. The objective of the Fund is to invest in loans secured by mortgages over Australian real property. The loans will have maturities of up to 24 months.
Capital return. A mortgage scheme is not a bank deposit and the return of some or all of an investment is not guaranteed.
More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest in the Fund.
3. This risk classification is provided as a guide. In assessing the relative risks of this product we have had reference to the categories of risk described in the Standard Risk Measure Guidance Paper for Trustees issued jointly by the Financial Services Council (of which MA Financial Group is a member) and the Association of Superannuation Funds of Australia dated July 2011.
How to Invest
Download the Product Disclosure Statement, Reference Booklet, and check for PDS updates
Download the Application Form or Apply online
Submit the application form and any required identification documents.
If accepted, valid applications for units received by the unit registry before 2pm on any Business Day will be processed at the application price, and units will be issued on the first Business Day of the following month.
maclientservices@boardroomlimited.com.au
Hand deliver: Level 8, 210 George Street Sydney NSW 2000
+61 2 8023 5415 (outside Australia)
Resources
- Product Disclosure Statement [PDF]
- Reference Booklet [PDF]
- Fund Flyer [PDF]
- Application form [PDF]
- Distribution Reinvestment Plan Booklet [PDF]
- Distribution Reinvestment Plan Form [PDF]
- Annual report: June 2022 [PDF]
- Condensed Half-Year Financial Report 31 December 2022 [PDF]
- Monthly Performance Report (revised 24 May 2023) [PDF]
- MA Secured Real Estate Income Fund – Target Market Determination [PDF]
- Independent Investment Research - MA Secured Real Estate Income Fund [PDF]
- Financial Services Guide
- Continuous disclosure
Design and Distribution Obligation
Issuers and distributors of financial products must comply with the Design and Distribution Obligations (DDO) from 5 October 2021. Distributors are required to notify the product issuer of any significant dealing in a product that is not consistent with the target market determination and any complaints received in relation to the Fund. For more information regarding distributors’ reporting obligations, please refer to the Fund’s Target Market Determination
You can use the Financial Services Council (FSC) reporting templates, or the templates provided below to report significant dealings and complaints to the Responsible Entity.
Any significant dealings or complaints can be reported to: DDO@mafinancial.com
Disclaimer
This information has been prepared by MAAM RE Limited ABN 34 135 855 186, AFSL 335783 the issuer and responsible entity (Responsible Entity) for the MA Secured Real Estate Income Fund ARSN 648 810 904 (Fund) and the issuer of units in the Fund.
The information contained in this document is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making any investment decision you should consider obtaining professional investment advice that takes into account your personal circumstances and should read the current product disclosure statement (PDS) of the Fund. The PDS for the Fund is available at https://mafinancial.com/asset-management/retail-funds/ma-secured-real-estate-income-fund/product-disclosure-statement/. Neither the Responsible Entity nor MA Financial Group or any member in its group guarantees repayment of capital or any particular rate of return from the Fund. All opinions and estimates included in this document constitute judgments of the Responsible Entity as at the date of this document and are subject to change without notice. Past performance is not a reliable indicator of future performance. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Whilst the Responsible Entity believes the information contained in these materials are based on reliable information, no warranty is given to its accuracy and persons relying on this information do so at their own risk. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Statements contained on this fund page that are not historical facts are based on expectations, estimates, projections, opinions and beliefs of the Responsible Entity as at the date of this document. Such statements involve known and unknown risks, uncertainties and other factors, and should not be relied upon in making an investment decision. These views may not necessarily reflect the views of MA Financial Group or any other member in its group. Any references in this document to targeted or projected returns of the Fund are targets only and may not be achieved.
The Responsible Entity's address is Level 27, Brookfield Place, Sydney NSW 2000. The Responsible Entity, its related bodies corporate, the Responsible Entity's directors and employees and associates of each may receive remuneration in respect of advice and other financial services provided by the Responsible Entity. The Responsible Entity has entered into various arrangements with MA Investment Management Pty Ltd in connection with the management of the Fund. In connection with these arrangements MA Investment Management Pty Ltd may receive remuneration or other benefits in respect of the financial services it provides.
Investment in the Fund is subject to risk including possible delays in payment or loss of income and principal invested. This information is intended for recipients in Australia only.