13th June 2007

Dear Investor,

The importance of independent research and advice

Whenever you read the financial section of any newspaper or business magazine, you will often see advertisements for financial products. But how do you know which product to choose?

Two ways to help you make a sensible choice are independent research about the product and independent financial advice.

Independent research

No matter what a fund manager claims about their products in their advertisements, you should have an independent opinion about the product to help you make your choice.

For the last two years, La Trobe has obtained an independent rating for the Pooled Mortgages Option within the La Trobe Australian Mortgage Fund. We were pleased by the first rating of the Fund in March 2006 by Property Investment Research Pty Ltd (“PIR”), which awarded the Fund four stars out of a possible five stars for the Pooled Mortgages Option.

PIR has now confirmed the four stars rating in an update report dated June 2007.

PIR is a leading Australian independent research house that specialises in the property and mortgage markets.

In awarding the Pooled Mortgages Option four stars, PIR reviewed the Fund’s performance against eleven separate criteria. These criteria include the day-to-day management of the Fund, loan assessment, historical investment performance and arrears management, and the four stars rating represents a weighted assessment by PIR of the Fund’s performance against all eleven criteria with regard to the Pooled Mortgages Option. We apply the same disciplines in managing the other Investment Options in the Fund that we do in managing the Pooled Mortgages Option.

You can find PIR’s latest report on our website at www.latrobefinancial.com.au.

Independent advice

As well, unless you have considerable experience in investing, it always pays to obtain independent advice from a qualified professional financial advisor. Your advisor can help you decide which investment strategy is best for you to achieve your financial goals, and having developed your investment strategy, you will then be in a position to choose the financial products that are most suitable for you.


Best regards,
Chris Andrews

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Chris Andrews
Head of Funds Management

t  +61 3 8610 2811
e  candrews@latrobefinancial.com.au

Chris Andrews is the Head of Funds Management for the La Trobe Group and has responsibility for the La Trobe Australian Mortgage Fund.
Read full profile here.










La Trobe is one of Australia's leading independent specialist mortgage Financiers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Mortgage Funds under AFSL 222213. It employs over 115 staff and has raised over AUD$10Billion to assist over 100,000 customers since inception in 1952.

Copyright 2010 La Trobe Financial. All rights reserved. No portion of this may be reproduced, copied, or in any way reused without written permission from La Trobe Financial. Disclaimer



* La Trobe Financial Asset Management Limited ABN: 27 007 332 363 and AFSL No: 222213 is the issuer and manager of the La Trobe Australian Mortgage Fund. It is important for you to read the Product Disclosure Statement for the Fund before you make any investment decision. You can get a copy of the PDS by calling 1800 818 818. You should consider carefully whether or not investing in the Fund is appropriate for you.
(1) The rates of return from the Fund are not guaranteed and are determined by future revenue of the Fund, and may achieve lower than expected returns. Past performance is no guarantee of future performance. Investors risk losing some or all of their principal investment.
(2) Withdrawal rights are subject to liquidity and may be delayed or suspended.
(3) As at 30/11/10 the La Trobe Australian Mortgage Fund had received a Morningstar RatingTM of 5 stars. The Morningstar Rating is an assessment of a fund's past performance - based on both return and risk - which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. © 2010 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their content providers guarantee the above data or content to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant product disclosure statement, before making any decision. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.pdf
(4) 3.75 star rating out of a possible 5 star rating indicates that Adviser Edge believes that La Trobe has performed in line with its peers and exceeded its peers on some fronts.
(5) The Standard and Poors rating of 4 out of 5 stars indicates that S + P has high conviction that La Trobe Financial will consistently generate risk-adjusted fund returns in excess of its relevant investment objectives and relative to its peers.
(6) The award was given to the La Trobe Australian Mortgage Fund, Pooled Mortgages Option.
Research Ratings are subject to change. To view the latest research information please visit www.adviseredge.com.au or www.standardandpoors.com.au. Ratings issued by Adviser Edge Investment Research AFS Licence No. 236783 and Standard & Poors Information Services (Australia) Pty Ltd AFS Licence No. 258896 are solely statements of opinion and not statements of fact or recommendations to purchase, hold, or sell any securities or make any other investment decisions. The ratings are only one factor to be taken into account in deciding to invest. Research Houses receive a fee from La Trobe for rating the product. The Adviser Edge rating is generally a measure of the rated entity's capacity to meet its repayment obligations in all market circumstances.
IMPORTANT: This message, together with the La Trobe Financial website (www.latrobefinancial.com.au) and all its contents have been prepared for general information only and should not be taken as legal or financial advice, and as such the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Individuals should therefore talk with their financial planner or advisor before acting on any information present on this message or the La Trobe website.