Invest in highly rated Australian bonds and cash

High Livez gives you access to the RMBS market, which is usually restricted to professional and institutional investors.


Experts in RMBS

Firstmac has issued over $29 billion in Residential Mortgage Backed Securities (RMBS) since 2003.


Invest as little as $10,000

Gain access to prime assets for just $10,000 and invest more money in $1,000 increments if and when you want to.


Distributions paid monthly

Distributions will generally be paid within 10 business days after the end of each month. Choose whether to reinvest or have your monthly distribution paid to your nominated bank account.


Backed by prime Australian home loans

The bonds are secured against a pool of prime Australian residential mortgages. They do not contain mortgages over any construction or development properties.


No entry or exit fees

Enter or leave the fund at no cost thanks to zero entry and exit fees. Management costs are capped at 0.60% p.a.


SMSF investment permitted

There is no legal restriction on Self-Managed Super Funds investing in High Livez and we are happy to accept SMSF investments.

What investors say about High Livez

How does High Livez work?

James Austin, Firstmac Limited’s Chief Financial Officer, explains how High Livez works


Why invest in High Livez?

Firstmac aims to provide stable monthly income returns from prime RMBS. The trust suits investors with a 3-5 year time horizon, who are seeking returns from fixed income securities.

$59.9 million

Fund size


Number of investors

$12 billion

Mortgages managed

$250 million

Cash investments

Figures current as of 18/11/2020

Investment Manager: Firstmac Limited

Firstmac has specialist knowledge of Residential Mortgage Backed Securities (RMBS). We’re 100% Australian-owned and have written over 130,000 home loans in the past 40 years.


Responsible Entity: Perpetual Trust Services Limited

Perpetual is the responsible entity and custodian. Perpetual is an ASX-listed, diversified financial services company which has been servicing Australians since 1886.

Bond issuers currently held in High Livez include:

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Invest in High Livez today

Use the form below to arrange a call or to request an info-pack

High Livez performance

For the month of October 2020, the fund achieved a distribution return of 3.11% per annum, bringing the Total Return for the past nine years to 5.44% per annum.

Annual performance (% per annum) Distribution Return Growth Return Total Return
1 year 3.21% -0.91% 2.30%
2 year 3.77% -0.15% 3.62%
3 year 3.97% -0.31% 3.66%
4 year 4.10% -0.06% 4.04%
5 year 4.27% 0.01% 4.28%
6 year 4.34% -0.15% 4.19%
7 year 4.50% -0.04% 4.46%
8 year 4.71% 0.47% 5.18%
9 year 5.02% 0.42% 5.44%
Since inception# 5.18% 0.46% 5.64%

View past performance and download reports and statements below

View past performance

News and Media

12/11/2020 Non-banks in funds fight for bigger slice of mortgage market (The Australian) View article
12/11/2020 Non-bank reports improving figures (MPA Australia) View article
11/11/2020 Investors more pandemic-resilient than owner-occupiers (AFR) View article
12/10/2020 Responsible lending: unleashing banks, leashing nonbanks? (Kanga News) View article
12/10/2020 Home owners plough cash into mortgages during lockdown (AFR) View article

Frequently asked questions

It's considered relatively low risk. RMBS are not deposits so they are not covered by the Federal Government’s deposit guarantee. However, since the inception of the Australian RMBS market in the early 1980s, not one RMBS note has ever gone into default or failed to pay 100 per cent of principal and interest obligations in a timely manner, even during the Global Financial Crisis.
We only invest in prime RMBS. The properties held in the underlying bonds are geographically spread across Australia. The Investment Committee formally evaluates each bond the fund invests in to manage portfolio risk. We invest in RMBS from various bond issuers ranging from the Big 4, credit unions and non-bank financial institutions.
It's a managed fund so we manage the investment choice. That means you just invest in High Livez, and we choose which bonds the fund invests in.
The initial minimum investment amount is $10,000. You must also maintain a minimum balance amount of $10,000.
Yes, you can. Additional contributions of $1,000 or more can be made monthly. Regular contributions are accepted through direct debit. Contact us to find out more.
No, there are no exit fees. However, withdrawals are only allowed monthly. Contact us for the withdrawal process and timelines.
When we receive your funds into the Applications account, they will remain there until the end of the month. Units in the trust will be issued on the first day of the following month.
Distributions can either be automatically reinvested into the Trust or credited to your nominated bank account.
You can choose whichever option you prefer, whether to credit the monthly distribution to your bank account or reinvest it into your High Livez account. You can always change it along the way.
You can invest for as long as you like. The suggested investment term is 3-5 years.
The trust is valued monthly and the distributions are paid monthly.
Contact us and we will email you the Product Disclosure Statement along with the application form.

*Total return for the 9 years to 31 October 2020 and 5.64% p.a. since inception on 29 March 2011. The total return is the trust’s consolidated performance over the period referenced. Past performance is not indicative of future performance and should not be the only factor considered when selecting an investment. Performance is calculated on an initial investment of $10,000 with distributions reinvested. Ongoing fees and expenses have been applied however individual taxes are excluded. This information is general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider obtaining financial advice prior to making an investment decision.

High Livez is issued by Perpetual Trust Services Limited ("Perpetual") ACN 000 142 049 AFSL 236648 as the Responsible Entity of the Trust. The Investment Manager is Firstmac Limited ("Firstmac") ACN 094 145 963 AFSL 290600. Firstmac High Livez and the Product Disclosure Statement (PDS) is available at or by contacting Firstmac on 13 12 20. The information in this document is general information only and does not take into account any person's situation, financial objectives or needs. You should read the PDS in its entirety before making any decision to invest. Perpetual and Firstmac strongly recommend you obtain independent professional financial advice on the risks and suitability of this product. The value of your investment in High Livez could go down as well as up. Past performance is not a reliable indicator of future performance. Restrictions may apply to the amount and timing of withdrawal requests - refer to the PDS for full details.