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Ironbark Paladin Property Securities Fund

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100120-2023-11-15-02:29.pdf
FUND MANAGER RREEF America L.L.C.
ASX Code
APIR PAL0002AU
ASSET CLASS PROPERTY
INVESTMENT STYLE The Fund invests predominately in Australian property trusts and property related securities, with some exposure to cash investments.
INVESTMENT PROFILE The Fund's strategy aims to provide income returns and achieve long-term capital growth.
CURRENCY MANAGEMENT Active management
INCEPTION DATE 28-02-1995
BENCHMARK S&P/ASX 300 A-REIT Accumulation Index
FUND SIZE S&P/ASX 300 A-REIT Accumulation Index
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS 10-30
FEES 0.75% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in the Ironbark RREEF Paladin Property Securities Fund

Benefits and features of investing in the Fund include:

  • access to a fund that has an established and proven investment process and attention to risk management before, during and after portfolio construction;
  • access to investment opportunities, markets and diversity that may not be accessible to all investors;
  • professional investment management, with access to extensive research and analysis on direct property and property securities markets;
  • access to sophisticated investment and risk management techniques; and
  • participation in income distributions made from the Fund, which we intend to pay quarterly to investors.

Risk Level

Very High

Investor Suitability

The Fund is intended to be suited to investors who seek income returns and long term capital growth and accept that fluctuations in investment returns may be experienced.
RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

Why Invest?

  • Optimum entry point - after a long spell of stretched valuations, market conditions have started to turn and reveal the benefits of an active approach. The Ironbark Paladin Property Securities Fund is an example of where true active management can make a meaningful addition to investors' portfolio, across market cycles;
  • Specialism is key - Real Estate is not a homogenous asset class; each subsector requires a specialist who understands the unique supply and demand factors that influence long-term returns, over and beyond the benchmark;
  • Passive approaches can be risky - the top eight AREIT securities account for over 80% of the S&P/ASX 300 Property Index. This leaves passive vehicles, such as ETFs, exposed to significant concentration and security-specific risk;
  • Don't ignore small caps - this area tends to be under-researched, under-owned and overlooked. Small caps offer significant diversity and dispersion of returns, over and above large cap dominated indexes.

Investment approach

In managing your investments, we delegate the investment management function to RREEF America, who sub-delegate the investment management of the fund to DIAL. DIAL is an active manager and seeks to outperform the Fund's benchmark. DIAL buys and sells property securities based on the view of their prospects relative to other securities in the market. This means that DIAL looks to hold securities they believe will outperform the market. DIAL's decisions on which securities to buy or sell are based upon in-depth research of listed and direct property markets and also a disciplined approach to managing risk.

Mandate

How we invest your money

The Fund invests predominately in Australian property trusts and property related securities, with some exposure to cash investments. The Fund may also invest in unlisted Initial Public Offering (IPO') securities, provided those securities are expected to be listed within three months of issue.

Asset Allocation

  • Property related securities: 0 - 90%
  • Cash: 0 - 10%

The Fund may temporarily move outside the ranges due to certain factors such as market movements or the receipt of significant cash flows. If this occurs, action will be taken to bring the Fund back within these ranges as soon as practicable.

The Fund may have exposure to derivatives for investment and currency management purposes. In particular, derivatives may be used by the Investment Manager for hedging to protect an asset in the Fund against market value fluctuations; to reduce volatility in the Fund; as a substitute for a physical security; or when adjusting asset exposures within the investment parameters of the Fund.