There were three funds reviewed, which included one conventional mortgage fund and two high yield mortgage funds. The Latrobe Australian Mortgage Fund Pooled Mortgage Option has again been rated four stars, the highest rating in the S&P rated mortgage fund peer group.  

“The rating outcomes of three stars and above reflects S&P’s conviction in each manager’s investment capability and their ability to manage: investment team continuity, liquidity and redemption provisions, lending competition and margins, portfolio credit quality/arrears and defaults, and fees,” said Peter Ward, analyst at S&P Fund Services. 

“The rated funds have continued to deliver on their objectives to provide regular income distributions to their investors and have maintained capital stability in an environment where substitute products remain competitive from a risk and return perspective,” he added.

12 June 2012

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