Vanguard International Property Securities Index Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100402-2023-10-31-03:33.pdf |
FUND MANAGER | Vanguard Investments Australia |
ASX Code | |
APIR | VAN0018AU |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund will hold or be exposed to most of the securities in the index, allowing individual security weightings to vary marginally |
INVESTMENT PROFILE | The Fund seeks to track the return of the Benchmark before taking into account fees, expenses and tax. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 30-09-2005 |
BENCHMARK | The Fund seeks to track the return of the FTSE EPRA/NAREIT Developed ex Australia Rental index (with net dividends reinvested) in Australian dollars before taking into account fees, expenses, and tax. |
FUND SIZE | The Fund seeks to track the return of the FTSE EPRA/NAREIT Developed ex Australia Rental index (with net dividends reinvested) in Australian dollars before taking into account fees, expenses, and tax. |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | 250-350 |
FEES | 0.40% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Vanguard International Property Securities Index Fund (Hedged)The significant features and benefits of investing in the Fund include:
The significant features and benefits of investing with Vanguard include:
Risk LevelHigh Investor SuitabilityBuy and hold investors seeking long-term capital growth, some income, and with a higher tolerance for the risks associated with share market volatility. |
RISK LEVEL | High: The potential for higher returns than lower risk investments, however there is the higher potential for below average returns and/or loss of capital |
INVESTOR SUITABILITY | Buy and hold investors seeking long-term capital growth, some income, and with a higher |
Risks
Title | |
Detail |
Key Features
How Vanguard investsWhile maintaining the objective of a fund, Vanguard tries to minimise the transaction costs associated with managing cash flows and making adjustments for index or benchmark changes. Cash and liquidity managementTo manage day-to-day transaction requirements such as investor withdrawals and collateral requirements, the Fund may maintain a variable balance of cash. To effectively manage this cash, the Fund may transact in cash equivalent instruments that aim to preserve capital and provide liquidity to the Fund. Cash equivalent instruments include, but are not limited to, high quality short-term money market instruments and short dated debt securities such as government issued securities, government-related (semi-government) issued securities and repurchase agreements, where a high quality government or government related security is received or provided as collateral for the term of the agreement. Derivative financial instrumentsA fund may utilise over-the-counter and exchange traded derivatives such as futures, forwards and swaps, to help achieve its investment objective. Derivative financial instruments may be used for the purposes of maintaining fund liquidity and managing market exposure. Derivative financial instruments will not be used to leverage the assets of the Funds. BorrowingsWhile the Funds' constitutions permit borrowing, Vanguard does not currently intend to borrow for the purposes of gearing. A Fund will only borrow where Vanguard believes it is in the best interests of investors to do so. |
Mandate
How we invest your moneyInvestment strategy and investment return objectiveThe Fund seeks to track the return of the FTSE EPRA/NAREIT Developed ex Australia Rental index (with net dividends reinvested) in Australian dollars before taking into account fees, expenses, and tax. The FTSE EPRA/NAREIT Developed ex Australia Rental index comprises property securities (shares) listed on the exchanges of the world's major developed economies. The securities within the index are real estate investment trusts and companies that own real estate assets and derive a significant proportion of their revenue from rental income. The Fund will hold all of the securities in the index most of the time, allowing individual security weightings to vary marginally from the index from time to time. The Fund may invest in securities that have been removed from or are expected to be included in the index. The Fund will be fully exposed to the fluctuating values of foreign currencies, as there will not be any hedging of foreign currencies to the Australian dollar. The Fund may engage in securities lending. Securities lending is a common practice where holders of securities make short term loans of shares in return for a fee, to incrementally increase returns to investors. Strategic asset allocation*
*This is a targeted strategic asset allocation. In addition, cash may be held for the purposes of liquidity management and derivatives may be used to manage market exposure. |