Australian Unity Property Income Fund - Wholesale Units
About this Fund
|FUND MANAGER||Australian Unity Property|
|INVESTMENT STYLE||The Fund invests across a range of commercial property assets.|
|INVESTMENT PROFILE||The Fund aims to deliver sustainable, consistent income and potential capital growth over the medium to long term.|
|BENCHMARK||60% Mercer/IPD Australian Unlisted Wholesale Property Fund Index; 35% S&P/ASX-200 A-REIT Accumulation Index; 5% Bloomberg AusBond Bank Bill Index|
|FUND SIZE||60% Mercer/IPD Australian Unlisted Wholesale Property Fund Index; 35% S&P/ASX-200 A-REIT Accumulation Index; 5% Bloomberg AusBond Bank Bill Index|
|NO. OF HOLDINGS||8|
|FEES||0.94% p.a. (exclusive of GST) of the net asset value of the Fund|
Benefits of investing in the Australian Unity Property Income Fund - Wholesale Units
This Fund is typically suited to investors who:
About the Fund
The Fund is a 'hybrid' property fund that invests across a range of commercial property assets, including direct property, unlisted property trusts, and listed Australian Real Estate Investment Trusts (A-REITs).
The Fund is focused on delivering sustainable, consistent income to investors and potential capital growth over the medium to long term.
By investing in a range of different property assets and cash, the Fund aims to maintain a level of liquidity that generally allows investors to withdraw when they choose.
The direct property portfolio is diversified by sector, tenant profile and geographic location. The Fund aims to purchase assets that, while having an increased risk profile, are typically able to generate a higher level of rental income than large commercial property assets.
Investment in unlisted property funds operated by specialist property fund managers provides exposure to a broad range of larger and higher valued real estate assets, and enhances the portfolio diversification.
The Fund's A-REIT exposure is managed by Renaissance Property Securities Pty Ltd ABN 19 104 218 484. Exposure to A-REITs provides a different return profile to direct assets and unlisted property funds, enables greater diversification and enhances the Fund's liquidity.
The Fund uses a top-down investment approach, which incorporates an analysis of the broad economic trends impacting the various property markets in which the Fund operates. A bottom-up view is used to identify undervalued investment opportunities across various property sectors, investment structures and geographic locations. Using this approach, and separate yield analysis, a preferred allocation between direct property, unlisted property funds and the listed Australian REIT sector is achieved.
The Fund uses the above information in assessing and investing in direct property assets and unlisted property funds.
Managing your investment
Australian Unity's ambition is to serve and enhance the wellbeing of members, customers and community.
Australian Unity's Wealth and Capital Markets platform brings together the Investments, Property, Life & Superannuation, Financial Planning and Trustee Services arms of the Australian Unity Group. The fundamental purpose of Australian Unity Wealth and Capital Markets is to link valuable efforts in helping Australians secure their financial wellbeing.
How we invest your money
It's AUPL's philosophy that the market price for properties doesn't always reflect the underlying value. This may present an opportunity to generate value by buying and selling properties at the most optimal time. Value can also be achieved and investment risk mitigated by skilful property and tenant management carried out by Australian Unity.
Properties purchased are carefully selected after assessing the value, considering inherent risks, and the ability to mitigate those risks. The selection process also takes into account:
To optimise investor's return the portfolio and property assets are actively managed.
The Fund primarily invests in the following types of investments:
Direct property assets and Unlisted property funds
40-70% of the Fund's assets are invested in direct property and unlisted property funds.
Unlisted property funds predominantly invests in direct property and are not listed on the stock exchange.
The properties held include (but are not limited to):
The Fund's property portfolio is diversified by geographic locations and sectors, which helps to reduce specific property risk.
Listed Australian REITs
These are trusts listed on the Australian Securities Exchange and the Fund invests 20-50% in the listed Australian REITs sector.
The balance of the Fund is held in cash and similar investments.