The Mortgages segment delivered a distinct performance profile over the period, shaped by a combination of macro influences, fund‑specific positioning, and the evolving risk appetite across markets. Manager outcomes varied meaningfully, as differences in exposure, yield strategies, and defensive allocations created a wide dispersion of performance within the category.
Income generation continues to be a central anchor for this segment, with the group averaging a yield of 56.37%. This steady income base supported total‑return outcomes for many funds, particularly those positioned toward high‑quality assets or segments with consistent payout histories. Funds with higher yield profiles often benefitted from strong underlying cashflows, while lower‑yielding peers tended to emphasise capital‑growth opportunities or more conservative portfolio structures.
Short‑term performance trends, reflected in the 1‑Year CAGR average of 201.97%, were influenced by sector rotation, changes in rate expectations, and broader macro shifts. Managers with tactical agility and selective exposure management captured near‑term opportunities more effectively. The longer‑term perspective, demonstrated by the 5‑Year CAGR average of 16.79%, shows the cumulative advantage of disciplined portfolio construction, robust risk controls, and alignment with structural market trends.
Risk behaviour remained a defining characteristic in the period. The average max drawdown of -6.14% highlights how market volatility affected certain strategies more than others. Funds with diversified exposures, downside protection, and well‑managed factor risks preserved capital more effectively during stress periods. In contrast, strategies with concentrated or higher‑beta exposures displayed deeper drawdowns, underscoring the importance of risk‑adjusted allocation frameworks.
Across the Mortgages universe, the overall narrative points to an environment where manager skill, structural yield support, and effective risk oversight played decisive roles in shaping outcomes. The segment continues to offer a balanced mix of stability and return potential, but dispersion across managers highlights the need for selective allocation. As markets remain sensitive to global policy direction and credit conditions, well‑positioned funds within Mortgages may continue to benefit from favourable yield spreads and measured risk exposure.
Looking ahead, the category is expected to maintain its relevance for investors seeking dependable income and resilient long‑term return profiles. The interplay between yield opportunities, macro cycles, and portfolio construction discipline will remain the key differentiator among managers.
| APIR Code | Fund Name | AUM ($m) | Mgnt Fee | 1-Yr CAGR% | 3-Yr CAGR% | 5-Yr CAGR% | Volatility | Max Drawdown 5y | Sharpe (5y) | Launch Date | Yield | Fund Type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAR8707AU | Barwon First Mortgage Dis AUD | 359.9 | 0.5 | 8.01 | 8.35 | 8.1 | 1.29 | -0.42 | 3.49 | 17/08/2020 | 6.7 | Offshore Regulated |
| CVS0681AU | CVS Lane First Mortgage Dis AUD | 8.46 | 8.08 | 7.84 | 1.18 | -1.5 | 3.59 | 04/07/2017 | 8.59 | Offshore Regulated | ||
| DMC0170AU | DomaCom DFS Mortgage | 2557.71 | 215.14 | 105.31 | 489.84 | -47.19 | 0.21 | 31/10/2018 | 554.49 | Offshore Regulated | ||
| ETL8310AU | EQT Mortgage Income | 302.8 | 1.03 | 5.0 | 2.14 | 1.71 | 0.79 | 0.0 | -2.39 | 31/10/1971 | 5.76 | Offshore Regulated |
| LTC0002AU | La Trobe 12 Month Term Account | 11103.1 | 1.8 | 6.7 | 6.5 | 5.62 | 0.32 | 0.0 | 6.31 | 01/10/2002 | 6.44 | Offshore Regulated |
| LTC7657AU | La Trobe 2 Year Account | 149.4 | 1.72 | 6.8 | 6.54 | Other Offshore Funds | ||||||
| MFL0001AU | La Trobe 4 Year Account | 853.6 | 0.81 | 8.45 | 8.06 | Other Offshore Funds | ||||||
| LTC4034AU | La Trobe 6 Month Notice Account | 161.2 | 2.34 | 5.44 | 5.23 | Other Offshore Funds | ||||||
| LTC9067AU | La Trobe 90 Day Notice Account | 270.6 | 2.77 | 5.18 | 01/10/2019 | 4.98 | Offshore Regulated | |||||
| LTC0001AU | La Trobe Australian Credit Classic Notice Account | 1254.4 | 2.69 | 4.86 | 4.85 | 3.35 | 0.53 | 0.0 | -0.47 | 14/11/1989 | 4.68 | Offshore Regulated |
| MFL0002AU | La Trobe Select Investment Account | 323.7 | 1.6 | 9.01 | 8.65 | Other Offshore Funds | ||||||
| MCK0008AU | MacarthurCook Mortgage Ordinary Units | 0.97 | 0.0 | 1.79 | 1.23 | 0.53 | 0.0 | -4.47 | 07/05/2004 | Offshore Regulated | ||
| NAB0020AU | MacarthurCook Mortgage Retail | 0.56 | 0.0 | 1.67 | 1.14 | 0.5 | 0.0 | -4.92 | 26/09/2006 | Offshore Regulated |