Viento Diversified Property Fund
as at 30 September 2011
The Viento Diversified Property Fund is an open ended diversified property fund offering regular, tax effective income, low volatility and growth potential for investors.
The Fund is structured as a property investment for self-managed superannuation funds, pension funds and private investor portfolios and invests in direct property and cash.
Investors receive distributions from net rental income of the direct properties and interest on the cash component. Additionally, growth in the unit price can result from an increase in the value of the direct property.
An update on the progress of the Fund can be found in the latest edition of
Viento Insider News.
Minimum Investment:
|
$5,000 (currently suspended)
|
| Regular Investment Plan: |
$2,500 minimum initial (currently suspended)
|
| Minimum additional investment: |
$100 (currently suspended)
|
| Income Distributions: |
Paid Quarterly (currently suspended) |
| Distribution Reinvestment: |
Optional (currently suspended) |
| Minimum Withdrawal: |
$1,000 (currently suspended)
|
| Suggested investment period: |
5+ years |
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| Fund Structure: |
Open Ended |
| Units on Issue: |
80,771,219.7342 |
| Number of Properties: |
9 direct property assets and an allocation in the Southern River Syndicate |
| Occupancy Rate: |
86.5% |
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| Financial Institution |
NAB |
AXA |
AXA |
Combined |
| Loan Amount |
$18.472m |
$35.355m |
$17.767m |
$71.594m |
| Term of loan |
Expired |
Expired |
Expired |
n/a |
| Gearing Ratio1 |
55.93% |
64.96.3% |
59.17% |
60.94% |
| Loan to Value Ratio (LVR) |
Compliant |
Non Compliant |
Compliant |
n/a |
| Weighted Average Interest Rate |
9.63% |
7.91% |
8.10% |
8.40% |
| Interest Fixed |
100% Fixed |
0% Fixed |
0% Fixed |
28% Fixed |
| Interest Variable |
0% Variable |
100% Variable |
100% Variable |
72% Variable |
| Interest Cover2 (Times) |
n/a |
n/a |
n/a |
1.04 |
| Interest Times Cover Ratio (ITCR) |
Compliant |
Compliant |
Compliant |
n/a |
1 Calculated in accordance with ASIC's Regulatory Guide 46. The gearing ratio indicates the extent to which a scheme's assets are funded by external liabilities.
2 Calculated in accordance with ASIC's Regulatory Guide 46. The interest cover indicates a scheme's ability to meet interest payments from earnings. Note that the interest cover formula defined by ASIC is not the interest cover related formula (interest times cover ratio) adopted by our financiers.
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- The unit price is issued monthly and is updated on the website four (4) business days following the end of the previous month. If, however, there is a delay in publishing the price, please call 1300 555 505 for the latest unit price.
Period
|
Buy Price
|
Sell Price
|
| 31 January 2012 |
0.4907 |
0.4669 |
| 31 December 2011 |
0.4902 |
0.4664 |
| 30 November 2011 |
0.5056 |
0.4810 |
| 31 October 2011 |
0.5059 |
0.4813 |
| 30 September 2011 |
0.5060 |
0.4814 |
| 31 August 2011 |
0.5062 |
0.4816 |
| 31 July 2011 |
0.5078 |
0.4832 |
| 30 June 2011 |
0.5048 |
0.4803 |
| 31 May 2011 |
0.5664 |
0.5389 |
| 30 April 2011 |
0.5673 |
0.5397 |
| 31 March 2011 |
0.5666 |
0.5391 |
| 28 February 2011 |
0.5676 |
0.5400 |
| 31 January 2011 |
0.5690 |
0.5414 |
| 31 December 2010 |
0.5711 |
0.5434 |
| 30 November 2010 |
0.5513 |
0.5245 |
| 31 October 2010 |
0.5345 |
0.5238 |
| 30 September 2010 |
0.5486 |
0.5220 |
| 31 August 2010 |
0.5466 |
0.5201 |
| 31 July 2010 |
0.5468 |
0.5203 |
| 30 June 2010 |
0.5439 |
0.5175 |
| 31 May 2010 |
0.5482 |
0.5216 |
| 30 April 2010 |
0.5520 |
0.5252 |
| 31 March 2010 |
0.5518 |
0.5250 |
| 28 February 2010 |
0.5488 |
0.5221 |
| 31 January 2010 |
0.5614 |
0.5342 |
| 31 December 2009 |
0.5599 |
0.5327 |
| 30 November 2009 |
0.5549 |
0.5280 |
| 31 October 2009 |
0.5688 |
0.5412 |
| 30 September 2009 |
0.5756 |
0.5477 |
| 31 August 2009 |
0.5723 |
0.5445 |
| 31 July 2009 |
0.5615 |
0.5342 |
| 30 June 2009 |
0.6054 |
0.5760 |
31 May 2009
|
0.6544 |
0.6226 |
30 April 2009
|
0.6469 |
0.6155 |
31 March 2009
|
0.6646 |
0.6323 |
28 February 2009
|
0.7165 |
0.6817 |
31 January 2009
|
0.7129 |
0.6783 |
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2009/2010 Distributions: Currently Suspended.
Historical Distributions
| Financial Year |
Cents Per Unit (CPU) |
Return % |
Taxable Component |
| 2004/2005 |
8.18 |
10.27% |
100% Deferred |
2005/2006
|
6.6
|
7.82% |
100% Deferred |
2006/2007
|
7.94 |
9.00% |
100% Deferred |
| 2007/2008 |
7.55 |
8.56% |
100% Deferred |
| 2008/2009 |
2.42 |
2.42% |
100% Tax Free |
| 2009/2010 |
0 |
0 |
N/A |
| 2010/2011 |
0 |
0 |
N/A |
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