DRAFT
Fund Review
ASCF Private Fund (Wholesale)
Performance as at Jul 2026
Australian Secure Capital Fund Ltd (ASCF), established in 2016, is a Brisbane-based fund manager overseeing three mortgage investment funds. ASCF spreads investments across a pool of loans to minimise losses and refrains from funding construction or development projects. All investor distributions and redemptions have been timely, with no realised capital losses. Key staff members include Richard Taylor, CEO & Director of Finance, and Filippo Sciacca, Director of Investor Relations.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 8.72% | 8.74% | 8.61% | N/A | 8.44% |
| Peer Group1 | 8.00% | 8.37% | 7.92% | N/A | 7.77% | |
| Index2 | 6.91% | 7.12% | 6.15% | N/A | 5.83% | |
| Volatility | Fund | 0.08% | 0.10% | 0.11% | N/A | 0.18% |
| Peer Group1 | 0.37% | 0.41% | 0.49% | N/A | 0.48% | |
| Index2 | 0.09% | 0.08% | 0.43% | N/A | 0.48% | |
| 1Real Estate Debt, 2RBA Cash Rate + 3%, 3Annualised, 4Jan 2021 | ||||||
Strategy Description
The Fund invests in mortgage-secured Australian real property through its sub-trust, the ASCF Investments Fund. It advances funds directly or indirectly via SPVs or related entities, focusing on opportunities with high return potential where banks are unable or unwilling to lend. Investments include corporate bonds and notes supported by mortgage-secured assets. All loans maintain a maximum Loan to Valuation Ratio of 80% and are secured by registered mortgages on properties such as vacant land, residential, commercial, retail, industrial, and development projects.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | Status: | Open | |
| Peer Group: | Real Estate Debt | Inception Date: | Jan 2021 |
| Strategy: | Fixed Income | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Monthly |
| Fund Size: | AU$ 63.3397m | Manager FUM: | AU$ 319.64m |
| Applications: | Daily, Initial: AU$ 50,000 | Redemptions: | |
| Management Fee: | 0.00% (PG avg: 0.80%) | Performance Fee: | 5.00% (PG avg: 4.12%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.02%/0.02%) | Hurdle: | 4.5% |
| Early Redemption Fee | No | High Water Mark: | No |
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ASCF Private Fund (Wholesale)
Performance vs Real Estate Debt and RBA Cash Rate + 3%
Since inception in Jan 2021, the Fund has returned 8.44% p.a., compared with the Peer Group's return over the same period of 7.77%. Over the past 12 months, the Fund has returned 8.72% vs the Peer Group's 8%. For the 3 and 5 year periods, the Fund has returned 8.74% and 8.61% respectively vs the Peer Group's returns of 8.37% and 7.92% respectively. The Fund's returns have been delivered with a volatility of 0.18% p.a. vs the Peer Group's 0.48%.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.71 | 0.65 | 0.72 | 0.69 | 0.68 | 0.70 | 0.74 | NA | NA | NA | NA | NA | 4.98 |
| 2025 | 0.72 | 0.56 | 0.73 | 0.71 | 0.72 | 0.69 | 0.70 | 0.69 | 0.69 | 0.73 | 0.70 | 0.70 | 8.69 |
| 2024 | 0.72 | 0.70 | 0.72 | 0.70 | 0.71 | 0.70 | 0.72 | 0.72 | 0.69 | 0.73 | 0.69 | 0.71 | 8.85 |
| 2023 | 0.71 | 0.64 | 0.69 | 0.68 | 0.70 | 0.72 | 0.73 | 0.70 | 0.68 | 0.70 | 0.70 | 0.70 | 8.67 |
| 2022 | 0.67 | 0.61 | 0.64 | 0.66 | 0.68 | 0.66 | 0.68 | 0.67 | 0.67 | 0.70 | 0.68 | 0.70 | 8.32 |
| 2021 | 0.55 | 0.48 | 0.65 | 0.61 | 0.55 | 0.63 | 0.48 | 0.68 | 0.67 | 0.66 | 0.67 | 0.64 | 7.53 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 8.72% | 8.74% | 8.61% | N/A | 8.44% |
| Peer Group | 8.00% | 8.37% | 7.92% | N/A | 7.77% | |
| Index2 | 6.91% | 7.12% | 6.15% | N/A | 5.83% | |
| Volatility | Fund | 0.08% | 0.10% | 0.11% | N/A | 0.18% |
| Peer Group | 0.37% | 0.41% | 0.49% | N/A | 0.48% | |
| Index | 0.09% | 0.08% | 0.43% | N/A | 0.48% | |
| Sharpe | Fund | 37.52 | 35.87 | 13.28 | N/A | 13.38 |
| Peer Group | 10.18 | 9.84 | 9.59 | N/A | 9.87 | |
| Index | 1,171.24 | 1,397.80 | 251.25 | N/A | 223.98 | |
| Sortino | Fund | N/A | N/A | N/A | N/A | N/A |
| Peer Group | N/A | 55.08 | 80.29 | N/A | 88.14 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | 0.00% | 0.00% | 0.00% | N/A | 0.00% |
| Peer Group | 0.00% | 0.00% | 0.00% | N/A | 0.00% | |
| Index | 0.00% | 0.00% | 0.00% | N/A | 0.00% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
ASCF Private Fund (Wholesale) - Annualised Return vs. Standard Deviation
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ASCF Private Fund (Wholesale)
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Australian Secure Capital Fund |
| Custodian: | N/A |
| Administrator: | N/A |
| Auditor: | N/A |
| Legal: | N/A |
| Prime Broker: | N/A |
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Key Staff
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
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Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.