Introduced to you by
– a Rhodes Asset Management referral partner
Questions? 1300 425 594
Premium Income Fund
Reliable monthly income,
backed by Australian property.
A diversified portfolio of mortgage-secured commercial loans, managed by Rhodes Asset Management, introduced to you through Raise Private Capital.
2022
$1.00
100%
AFSL 464772
The investment
What you’re actually investing in.
A mortgage fund, secured over real property
The Premium Income Fund invests in a portfolio of secured commercial loans backed by mortgages over Australian property. Rhodes Finance, Our commercial lending business, originates and manages the loans; the Fund provides the capital, and Rhodes Finance pays interest back to the Fund for the benefit of Unitholders.
Who it suits
Individuals, SMSF trustees, trusts, companies, family offices, sporting clubs, churches, charities and not-for-profit organisations seeking regular income, comfortable with a medium level of risk, over a medium (1–3 year) timeframe.
-
Capital deployed
Investor funds are pooled into the relevant subclass. -
Loans originated
Rhodes Finance lends against mortgage-secured property. -
Interest earned
Borrowers repay interest on the secured loans. -
Income distributed
Paid monthly by electronic transfer, or reinvested via the DRP.
All subclasses pay monthly distributions at a fixed $1.00 unit price, with a 12-month minimum investment term and the option to reinvest via the Distribution Reinvestment Plan.
| Subclass Variant | Distribution Rate | Min. Investment | Minimum Term | Income Frequency | Distribution Reinvestment Plan |
|---|---|---|---|---|---|
| Retail Investors | |||||
| Standard - Variable | 7.95% p.a.* | $5,000 | 12 Months | Monthly | Yes |
| Standard - Fixed | 7.80% p.a.*^ | $5,000 | 12 Months | Monthly | Yes |
| Enhanced - Variable | 8.45% p.a.* | $100,000 | 12 Months | Monthly | Yes |
| Enhanced - Fixed | 8.30% p.a.*^ | $100,000 | 12 Months | Monthly | Yes |
| Wholesale Investors | |||||
| Wholesale - Variable | 8.95% p.a.*# | $250,000 | 12 Months | Monthly | Yes |
| Wholesale - Fixed | 8.90% p.a.*#^ | $250,000 | 12 Months | Monthly | Yes |
Standard subclass
7.95%*
p.a. nett of fees.Distribution rate:
7.80%*^
p.a. nett of fees.
Enhanced subclass
8.45%*
p.a. nett of fees.8.30%*^
p.a. nett of fees.
Wholesale - Variable
8.95%*#
p.a. nett of fees.Minimum Investment: $250,000
Wholesale - Fixed
8.90%*#^
p.a. nett of fees.Minimum Investment: $250,000
*Terms & conditions apply. Please note that past performance is not a reliable indicator of future performance. This investment is not a bank deposit and carries risk. Refer to the PDS available on our website for full details. All distribution rates quoted above are net of fees and are the prevailing rates as of 08 May 2026. Distribution rates are updated monthly, usually at the start of each month. Check our website for current distribution rates. We do not provide guarantees on any invested capital or the investment performance of the Premium Income Fund.
#The Wholesale subclasses are only available to qualifying wholesale investors, with a minimum investment of $250,000. Contact us for further details. Please refer to the Wholesale-Memorandum of Terms and Conditions (MOTC).
^Fixed for 12 months.
Our Values
At Rhodes Asset Management, we are committed to acting in the best interests of our clients.Client-First Philosophy
Integrity and Transparency
Excellence and Innovation
Management Team Experience
Our Milestones
2022
Our First Distribution
Our first distribution was paid in February 2022 and we haven’t missed a monthly distribution since then.
2023
Breaking Barriers
"As is" valuations only. No reliance on speculative "as if complete" values.
2024
Wholesale Subclass
On July 30th 2024, we launched our first Wholesale Subclass. The subclasses are designed to suit varying investment options.
2025
Introduction of DRP
The Distribution Reinvestment Plan allows investors to enhance their portfolio by compounding returns and earn interest on interest. This option allows flexibility to our investors.
2026
Today
To enhance the investor experience, we have reduced the Minimum Investment Amount to $5K and added Fixed Rate to retail classes.
Please fill in your details to request a copy of the
Premium Income Fund PDS & Application Form
Terms & Conditions
Investors should obtain and read a copy of the Product Disclosure Statement (PDS) before making an investment decision.
The Premium Income Fund is open to Australian residents only. Investments can be accepted on receipt of the application form accompanying the PDS, or by completing our online application via the link on our website.
You agree that the information on this website and any documents provided are of a general nature only and do not take into account your particular circumstances, do not consider your personal financial or investment needs, and should not be taken to be financial or legal advice. You should consider whether the investments are suitable for you or seek personal advice from a licensed financial planner before making an investment decision. Neither the repayment of capital nor the forecast returns for this investment are guaranteed.
Rhodes Asset Management Ltd ACN 165 917 813 holds Australian Financial Services License (AFSL) 464772.
An investment in the Fund is not a bank deposit and is subject to investment risk, including the loss of capital invested.
Withdrawal rights are subject to liquidity and may be delayed or suspended.