What people ask before they invest.

Only wholesale clients, as defined in sections 761G and 761GA of the Corporations Act 2001. Most individuals qualify through a certificate from a qualified accountant confirming net assets of at least $2.5 million, or gross income of at least $250,000 in each of the last two financial years. Investing $500,000 or more in the fund also qualifies.

It must have been given within the last two years.

It is set out in the information memorandum.

Request the pack, read the information memorandum, and apply using the form it contains. The steps are on the fund page.

No. Nothing on this site takes account of your objectives, financial situation or needs. Speak to a licensed adviser if you want advice on whether the fund suits you.

The fund targets a return linked to the RBA cash rate. The current target is set out in the information memorandum. The target moves with the cash rate, so it rises and falls as the Reserve Bank changes rates. A target is not a forecast or a guarantee.

From the interest borrowers pay on the fund’s loans, less the fund’s costs and fees.

As the fund receives cash from borrowers. The timing is not fixed and will not be even across a year. On construction and development loans, interest is often received when the project is finished and the loan is repaid.

There is no entry or exit fee. A management fee and a performance fee apply, and both are set out in full in the information memorandum.

Yes. Capital is at risk and you can lose some or all of what you invest. The main risks are summarised on the fund page, and the information memorandum sets them out in full.

The fund holds a first registered mortgage, which gives it the right to take possession of the property and sell it to recover the loan. That takes time and costs money, and interest from that loan stops reaching investors while it runs.

The borrower’s own money in the property absorbs a fall in value first. If the sale still falls short of the loan, the fund takes a loss.

Every property is valued by an independent valuer before the fund lends, and loans are kept well below that value. The lending limits are set out in the information memorandum.

Yes. Construction loans are paid out in stages as the building progresses, and the cost to finish the work is checked before each payment. Interest on these loans is often received when the project is completed.

The investment has a twelve month minimum term, and you should treat it as illiquid after that. Any way of leaving earlier is set out in the information memorandum.

Not yet. Applications are made directly for now.

Oxford Capital Pty Ltd is the investment manager of the fund and a corporate authorised representative (CAR No. 1323556) of Non Correlated Advisors Pty Ltd ACN 158 314 982, AFSL 430126. It does not hold an Australian Financial Services Licence of its own. The trustee of the fund, and the issuer of units in it, is Non Correlated Capital Pty Ltd ABN 99 143 882 562, AFSL 499882. You can look each of these up by name or number on ASIC’s professional registers.

The fund’s assets are held by its trustee and custodian, Non Correlated Capital Pty Ltd, separately from Oxford Capital. Oxford Capital manages the fund’s lending.

By meeting us and reading the information memorandum. The fund has no track record, so we will talk you through how we assess a loan, who we lend to, and what we would do if a loan went wrong. Once the fund is lending, we can take you to see a property it has lent against.

Not yet. The fund has not been rated by a research house.

Yes. The founders’ own capital is in the fund on the same units and terms as everyone else’s.

Investors receive reporting on the fund’s loans and performance. The content and frequency are set out in the information memorandum.

Send us the details through the borrowers page, or ask your broker to contact us.