La Trobe Financial

SIZE OF LOAN BOOK	A$20bn
MAKEUP OF LOAN BOOK	Super-prime mortgages: 11.9% Prime mortgages: 28.6% Near-prime mortgages (LVR <=70%): 26.1% Near-prime mortgages (LVR >70%): 23.9% Specialist mortgages: 5.3% Cash and liquid assets: 4.3%
GEOGRAPHIC DISTRIBUTION OF LOAN BOOK	Australia: 100%
OUTSTANDING DEBT ISSUANCE	RMBS: A$5bn Institutional limits: A$4.3bn Retail credit fund: A$10.9bn

Data as at 30 June 2024.

About La Trobe Financial

La Trobe Financial is Australia’s premier retail alternative asset manager. Established in 1952 and with A$20 billion of AUM, La Trobe Financial is a proven and trusted investment partner for institutional and retail investors. It operates Australia’s largest retail credit fund, with A$11 billion in AUM from 100,000 investors in a number of key domestic and global strategies.

La Trobe Financial is committed to providing finance and investment solutions, which it does for 130,000 customers globally. It is a trusted steward of capital for many of the world’s largest credit investors, carefully selecting and managing diverse portfolios of assets across a number of mandates – including private credit.

Ownership and capital structure

La Trobe Financial is a Brookfield portfolio company. The business is overseen and governed by a highly experienced, independent board of directors and maintains a strong capital structure.

La Trobe Financial has one of the most diversified funding programmes operating in Australia, comprising a combination of bank term investment mandates, warehouse facilities, the retail credit fund and public RMBS funding. The business has a sophisticated treasury model and maintains contingent funding capacity for a variety of forward-looking economic scenarios.

Asset performance

La Trobe Financial targets complex prime mortgage assets that display a better-than-average loss experience versus peers. This is a function of conservative underwriting and a maximum loan-to-value ratio of 80 per cent.

Funding strategy

La Trobe Financial has one of the most diversified funding programmes in its segment. This comprises:

• A$4.3 billion of term debt mandates and facilities from local and international banks and finance houses.
• A retail credit fund worth A$11 billion, which is the largest in market, from 100,000 investors and featuring seven distinct investment accounts.
• About A$5 billion of complementary publicly rated RMBS transactions.

The business is experiencing strong growth in each segment and expects this to continue. La Trobe Financial has a deep commitment to RMBS markets and will continue to be a regular issuer.

Business performance

La Trobe Financial continues to experience growing demand for its offerings from borrowers and investors, a testament to its disciplined approach to portfolio underwriting and asset origination standards across a variety of asset classes and strategies.