Cromwell Phoenix Property Securities Fund
About this Fund
|FUND MANAGER||Phoenix Portfolios Pty Ltd|
|INVESTMENT STYLE||The Fund will invest primarily in Australian property securities listed on the ASX which hold underlying investments including office, retail, industrial and hotel assets.|
|INVESTMENT PROFILE||The Fund aims to deliver a total return (after fees) in excess of the S&P/ASX 300 A-REIT Accumulation Index over three to five years with lower overall volatility of capital.|
|BENCHMARK||S&P/ASX300 A-REIT Accumulation Index|
|FUND SIZE||S&P/ASX300 A-REIT Accumulation Index|
|NO. OF HOLDINGS||20+|
|FEES||0.82% p.a. of the Fund's average net assets|
Benefits of investing in the Cromwell Phoenix Property Securities Fund
Investing in the Fund offers investors a range of benefits:
The type of investors for whom the Fund is intended to be suitable include investors looking to invest in a diversified portfolio of ASX listed property and property related securities.
About the Fund
An investment in the Fund will provide investors with a diversified exposure to a broad range of listed property and property related securities. Those securities will be selected by investment professionals at Phoenix who have significant expertise in the assessment and selection of Australian listed property and property related securities.
The Fund's investment objectives are to:
The most relevant benchmark is the S&P/ASX 300 A-REIT Accumulation Index and this has been chosen as the Fund's benchmark ("Benchmark). The Fund aims to provide investors with a total return (after fees) in excess of the Benchmark over rolling three year periods. Similarly, the Fund aims to deliver lower total risk than the Benchmark, with total risk being defined as the volatility of total returns over rolling three year periods.
The Fund provides investors with exposure to a broad range of Australian Securities Exchange listed property stocks which hold underlying investments including office, retail, industrial and hotel assets.
The Fund will not be constrained by benchmark considerations and instead will be managed in a benchmark unaware' manner.
How we invest your money
The Fund is expected to own a minimum of 20 securities at any given time. For risk control reasons, no more than 20% of the Fund's assets will be invested in any one security.
Phoenix will seek to achieve the Fund's investment objective by choosing attractively priced securities determined by fundamental bottom-up analysis. It will use detailed yet standardised financial models allowing a large number of securities to be researched, compared on a relative value basis and updated to capture changes in individual securities and markets.
Asset classes and asset allocation ranges
The Fund will generally invest in keeping with the following targeted asset allocations as a percentage of its total portfolio:
(Investment class (% of portfolio): Target range)
Note 1: Includes securities expected to be listed within six months.
Note 2: The Fund may continue to hold previously listed securities that have de-listed.
Note 3: Upper limit may be exceeded if one or more large applications or withdrawals are received.