ASCF High Yield Fund

Established in 2016, Australian Secure Capital Fund Ltd (ASCF) is a Brisbane based fund manager operating three pooled mortgage investment funds: ASCF Premium Capital Fund, ASCF Select Income Fund and ASCF High Yield Fund.

The Funds earn a return for their investors by lending money invested with them to borrowers seeking short term loans. Each fund has slightly different lending policies, but all loans are secured by a registered mortgage over the borrowers property.

ASCF then pays investors a monthly return from the interest earned on these loans, depending on the term of the investment and choice of fund.

Unlike peer to peer lending, where investors will invest directly in a single loan, all investments in ASCF funds are spread across the entire pool of loans. This helps to minimise the impact of any losses incurred by a Fund.

ASCF does not provide any construction or development funding to property developers. This risky type of lending runs counter to our goal of providing capital stability and consistent income distributions, and our Product Disclosure Statement (PDS) prohibits us from providing such loans.

Our PDS also prohibits us from making loans to any ASCF directors, shareholders, or associated entities.

Since ASCF was launched in 2016:

• All investors have received their interest distribution every month
• All investors have had their request to redeem funds paid on time
• The value of investors initial investment has remained stable at $1.00 per unit.

Our directors are highly experienced in private lending, having been in the industry since 1997 using funds from high net worth individuals as well as their own personal funds.

Mr Taylor has extensive experience in finance and credit industries having worked in those industries over the past 40 years. 

Mr Taylor has a Bachelor of Economics from Bournemouth University, a Diploma in Commercial Management from Bournemouth University, a Diploma of Financial Services (Financial Planning) from Tribeca, a Certificate IV in Financial Services (Finance/Mortgage Broking) from Intellitrain, a Diploma of Financial Services (Finance/Mortgage Broking Management) from Intellitrain and a Certificate IV in Property Services (Real Estate) from the Australian School of Business & Law.

Mr Taylor is also an accredited Financial Broker (No. 16714) of the Mortgage and Finance Association of Australia and is a licensed Real Estate Agent, Qld (No. 3981311).

Mr Taylor is responsible for overseeing the general management of the Responsible Entity’s business and of the Loans beng issued, including reviewing and determining whether to recommend approval of an application for a Loan by the relevant Fund, and is also responsible for preparing and reviewing the Lending Guidelines.

Mr Taylor also provides regular ongoing reports to the board of the Responsible Entity in relation to the performance of the Loans in accordance with the protocols established under the Lending Guidelines and is Chair of the Responsible Entity’s Credit Committee.

Mr Sciacca has worked across the property development industry for over 25 years and has extensive property market expertise.

Mr Sciacca commenced his career as a property lawyer at Sciaccas Lawyers and Consultants in 1987 before pursuing a career in property development. Mr Sciacca was a director of Kozmic Developments, a property development group between 1997 and 2016, during which time the group developed over 400 apartments in and around Brisbane.

Mr Sciacca has a Bachelor of Laws from the Queensland University of Technology, and has completed a RG146 in Securities and Managed Investments course. 

As investor relations director, Mr Sciacca will provide regular ongoing reports to the board of the Responsible Entity and Investors in relation to group performance of all Loans. As asset manager and compliance director, Mr Sciacca is primarily responsible for reviewing, assessing and approving all real property offered as security for the Loans to ensure they meet the relevant security criteria. Mr Sciacca is a member of the Compliance Committee and oversees the ongoing requirements of the Responsible Entity’s compliance regime.

Mr Sciacca also reviews the day-to-day management of the Loans, including determining whether to recommend approval of an application for a loan and is a member of the Responsible Entity’s Credit Committee.

Mr Bennett has over 25 years experience in the banking and finance industry in Australia across three tier-one financial organisations. Having completed a Bachelor of Commerce degree with Griffith University in 1993, Mr Bennett began his banking career with CBA and spent 7 years gaining a solid foundation in banking and finance both in operations and as an Assistant Relationship Manager.

Moving to NAB in 2000, he spent the next 9 years as a Business Banking Manager proactively sourcing and fostering Business Banking relationships to provide his clients with fully integrated financial services solutions.

In 2009, Mr Bennett joined ANZ and leveraged his extensive network to grow a portfolio of SME business clients which he managed on behalf of ANZ. During this time, Mr Bennett also became a Registered Franchise Lending Specialist (RFLS) having successfully completed the FRANdata program.

In his role as Senior Relationship Executive, Mr Bennett is responsible for managing and growing the ASCF loan referral network both through ASCF’s panel lender status on the Finsure broker network, one of Australia’s leading mortgage aggregators, and with external brokers.

The minimum investment amount for all funds is $5,000 and the minimum investment term is 3 months.

There is no maximum investment limit on 6, 12 or 24-month investment terms.

A maximum investment limit of $250,000 does however apply to all 3-month investment terms in ASCF Premium Capital Fund, ASCF Select Income Fund and ASCF High Yield Fund.

The limit will be applied per fund, thereby an investor may make an investment of $250,000 in each of these funds for a 3-month term should they so desire.

There are no entry or exit fees, and the distributions payable to you are net of all fund costs and management fees.

Please note that your investment will automatically roll on the maturity date for the same term at the then prevailing distribution rate for such term unless we receive prior notification from you within the required time period.

Should you fail to provide the requisite notice you may still be able to withdraw your funds on the maturity date however this will be subject to the funds’ liquidity and is in our discretion.

In such situations, you are required to complete and lodge an early withdrawal request form which is available from our website. ASCF has a period of up to 21 days to make a determination on your request and if approved a 1% early withdrawal fee may be charged on the amount withdrawn. You will still receive all your distributions up to the date of the withdrawal.

You must hold your investment for the minimum investment term that you have selected. Investments will be rolled for a further investment term unless the withdrawal request is lodged within the time frame required for each investment option. Refer to the PDS for details of the timeframe within which withdrawal requests must be lodged.

We aim to pay all withdrawal requests within 21 days of the end of the investment term. All withdrawal requests since inception have been paid in full and on time.

In circumstances of hardship you may be able to withdraw part or all of your investment prior to the expiration of the investment term subject to our discretion and the relevant fund’s liquidity. In such situations, you are required to complete and lodge an early withdrawal request form which is available from our website. ASCF has a period of up to 21 days to make a determination on your request and if approved a 1% early withdrawal fee may be charged on the amount withdrawn. You will still receive all your distributions up to the date of the withdrawal.

Our office is in Milton, Brisbane not far from the Brisbane CBD. We welcome all potential investors to come to our office to speak with one of our Directors or investor relations team. Our location is Level 1, 50 Park Road, Milton Qld. 4064

Should you have any additional questions, queries or require any assistance, please complete the form to your right if on desktop or if on mobile the form below to talk to someone.

You can also visit the FAQ page for further information.