I would welcome some general feedback on my attached watchlist of my managed funds. These were chosen by a Financial Planner with the goal of income production as part of a LOC structure with my PPOR providing the equity. The income produced goes into the home loan, and as home loan is reduced, more is borrowed and invested across these funds. There is a margin loan in there as well, which generates some tax deductions which hopefully gets a good tax return which goes on the home loan as well. My questions are: What are the main contributors to the -ve performance of these funds, which have otherwise been performing so well the previous 2-3 years. When it says -10% for the last 3 months, does that basically mean that the value of what I bought 3 months ago ($1000) is now worth 10% less (so $900), or is it more complex than that? How does this relate to income that these funds may generate? Do -ve returns result in zero income? Do you just ride this down period out (or should I be yelling at the Financial Planner just yet?). These have only just been set up in the last month. Thanks in advance for any feedback.