4th March 2009

Dear Investor,

More accolades for La Trobe's Mortgage Fund

In December last, we were pleased to announce that two of the investment options in our Mortgage Fund had won Awards from one of Australia's most popular and respected financial publications, Money Magazine, which independently reviews and awards financial products across 3 main categories: Investing, Banking and Spending.

We are now thrilled to announce that Australia's pre-eminent financial journal, the Australian Financial Review, in its specialist investment magazine, Smart Investor, has also recognised the Cash & Mortgages Option and the Pooled Mortgages Option within the La Trobe Australian Mortgage Fund with top awards in their investment categories.

The Cash & Mortgages Option was named the Top Cash Management Account:

Click table below to expand

CMO Award

The Pooled Mortgages Option was named the Top Mortgage Fund:

Click table below to expand

CMO Award

What is particularly pleasing about these Awards is that they not only confirm the earlier Money Magazine Awards, but they also reflect our outperformance against many of the "big name" fund managers.

The Pooled Mortgages Option - in a winning category of its own

Liquidity

Readers will recall the stresses placed on the liquidity of mortgage funds during 2008. We are proud to note that, of the top 10 mortgage funds listed in the table above, our Pooled Mortgages Option is the only fund in the category that continues to pay redemptions without condition3. All other 9 funds in this category have placed some limitation or condition on redemptions, ranging from indefinite suspension to redemptions subject to quarterly withdrawal offers. As Smart Investor notes, "many mortgage funds have had their redemptions frozen or limited in recent times. Morningstar records 38 funds in this position (including 11 aggressive mortgage funds)."

Our Pooled Mortgages Option is in a category of its own in that all through 2008 and continuing, we have met redemption requests on time and in accordance with the requirements of the Fund, and we continue to monitor our liquidity requirements on a daily basis and in accordance with ASIC's requirements.

Returns

Our Pooled Mortgages Option has also outperformed the other 9 funds listed over one, three and five year investment periods, reflecting a consistent investment performance generated by our differentiated investment structure and internally managed asset pool over a range of market conditions.

We are pleased and honoured to be able to continue to deliver consistent investment returns in line with our objectives, and to meet our investors' expectations.


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.