History
BOT has been paying its Investors monthly distributions since inception. The Trustee has also sent out a monthly newsletter to all Investors each month providing some context as to the Trustees opinions in respect of both BOT and the markets in which it operates.
Funds Under Management: $1.813BB
(as at 31 October 2024)
Historical Data
PERFORMANCE
Whilst past performance is no indication of future performance, the annualised returns for Class A Investors (based on a distribution reinvestment methodology) are as follows:
PARAMETER | CLASS A |
|---|---|
Investor Net Returns since inception | 8.68% |
Investor Net Returns for the last 12 months | 9.26% |
Annualised Investor Net Return for September 2024 | 9.49% |
DISTRIBUTIONS
Class A Returns
RBA Cash Rate
Founder Returns and Class A Returns are calculated on a monthly annualised, distribution reinvested basis.
FUNDS UNDER MANAGEMENT ('000)
Mortgages
Liquidity
FUM
ASSET METRICS
The composition of the assets held by BOT is highly dynamic. The following table is a guide to the asset metrics and this table is updated monthly.
PARAMETER | NSW | QLD | VIC | OTHER | National | TOTAL |
|---|---|---|---|---|---|---|
Total # of Loans | 121 | 42 | 130 | 21 | 16 | 330 |
Weighted Average LVR | 62.92% | 63.00% | 61.32% | 48.45% | 53.79% | 60.33% |
Average Borrower Rate | 12.66% | 12.17% | 12.35% | 12.80% | 8.87% | 12.04% |
Loans Exceeding 80% LVR | 6 | 7 | 2 | 0 | 3 | 18 |
Loans in 90 days+ Arrears | 5 | 4 | 8 | 1 | 0 | 18 |
Loans in Technical Default | 7 | 2 | 6 | 0 | 0 | 15 |
Loans with Expected Losses | 0 | 0 | 0 | 0 | 0 | 0 |
Value of Expected Losses | 0 | 0 | 0 | 0 | 0 | 0 |
Investment Allocation - September 2024 | ||||||
Real Estate - Investment | 12.92% | 2.55% | 12.89% | 1.46% | 0.00% | 29.82% |
Real Estate - Development | 15.98% | 3.25% | 14.41% | 2.21% | 0.00% | 35.86% |
Lending Programmes | 0.49% | 3.37% | 0.00% | 2.58% | 7.21% | 13.64% |
Special Opportunities | 0.59% | 5.57% | 0.00% | 0.00% | 3.44% | 9.59% |
Cash | 0.00% | 0.00% | 0.00% | 0.00% | 11.08% | 11.08% |
Total Exposure | 29.98% | 14.74% | 27.30% | 6.25% | 21.72% | 100.00% |
Impact of Loans in Default
Balmain’s credit policies, including such features as low LVR requirements and prepayment of interest by the Borrower, are designed to prevent BOT from investing in loans that go into default. Notwithstanding, every loan portfolio will deal with loans in default. These defaults can be technical (failure to provide information when required, etc.) and/or financial (failure to pay interest, repay the loan, etc.). The occurrence of a default does not necessarily mean that the lender may incur a loss, but it does provide the lender the opportunity to favourably renegotiate loan terms. This could include requiring pay-downs, applying higher rates or requiring additional security.
Balmain does not provide any great leeway to borrowers if a loan goes into default. The higher rate is charged from the date of the default and we actively seek to assist the borrower to rectify the default. Absence prompt rectification by the borrower, we will always step into control the security and rectify the loan immediately.
BOT can earn higher returns during the default period and this is 100% passed on to investors.
Newsletters
The newsletters provided each month are personalised containing information pertaining to BOT and specific to each individual Investor. For this reason, the versions provided below are only examples
If you are an existing Investor in BOT and would like copies of your actual newsletters then please contact the Balmain Investment Team on 02 9232 8888.
Examples of recent Investor Newsletters are as follows:
You will have access to all historical Investor Newsletters once you are an Investor in BOT.
Investor Meetings
Balmain Opportunity Trust Investor Meeting
Sydney 2024
Michael Holm (Chairman of Balmain NB Corporation Limited) opened the meeting and Andrew Griffin (CEO of Balmain NB Corporation Limited) delivered an address on the state of the Australian economy and how this impacts on the primary asset classes of the Balmain Opportunity Trust: the Australian Real Estate market. Andrew also presented two new Balmain investment products (plus websites) which will soon be open for investment.
Balmain Opportunity Trust Investor Meeting
Sydney 2023
Tom Sherston (Head of Sales of Balmain NB Corporation Limited) opened the meeting and Andrew Griffin (CEO of Balmain NB Corporation Limited) delivered his address on the Balmain Opportunity Trust.
