QRI invests in a diversified portfolio of Australian and New Zealand commercial real estate loans.

QRI seeks a Target Return of the RBA cash rate plus a margin of 5.0% to 6.5% p.a. (net of fees and expenses).

Benefits of investing in QRI

The Trust seeks to continue delivering the following benefits to investors who are seeking attractive sources of income and capital preservation:

Reliable and stable cash income

• Regular monthly cash distributions which the Manager expects will continue.

 Attractive risk-adjusted return

• Returns are expected to be at premiums above the current low cash rate.
• The Trust’s net return was 6.04% p.a. (3 month) and 6.14% p.a. (12 month) as of 31 August 202124. Note, past performance is not a reliable indicator of future performance.
• The Trust’s distribution return was 5.76% p.a. (3 month) and 6.05% p.a. (12 month) as at 31 August 2021.25 Note, past performance is not
  a reliable indicator of future performance.

 Capital preservation characteristics

• All loans within the portfolio are secured by either a first or second real property mortgage as the primary source of security.

Stable net asset value

• Historically NAV at or above $1.60 with no impairments since the IPO, supported by a robust loan valuation process.

 CRE debt asset class differentiation

• The Trust invests only in commercial real estate loans which provide asset class diversification to investor portfolios.
• Unitholders obtain exposure to commercial real estate finance market which has been historically inaccessible by retail investors.
• The portfolio is diversified by investment type, loan type, property sector and geography.

Domestically focused investments

• 100% of the CRE loan portfolio is currently invested in Australia.
• Ability to invest in New Zealand CRE loans up to 20% of the portfolio to provide additional diversification.

Access to a specialised CRE debt manager

• The Qualitas Group has a 13-year track record of strong returns and successful management of Invested Capital on behalf of institutional and wholesale investors, both internationally and domestically; and
• The Qualitas Team has extensive experience encompassing all aspects of origination, structuring, negotiation and execution of secured real estate loans as well as managing portfolio risks.

About the Trust

The Manager seeks to invest the Trust’s capital in a portfolio of investments that provide Unitholders with exposure to predominantly Australian commercial real estate loans. The Trust may also invest in New Zealand commercial real estate loans from time to time to provide further diversification.

The Trust’s Investment Objective is:

• a Target Return of the RBA cash rate plus a margin of 5.0% to 6.5% p.a. (net of fees and expenses); and
• to provide monthly cash income, capital preservation and portfolio diversification.

How we invest your money

The Manager seeks to invest the Trust’s capital through the Sub-Trust in a portfolio of investments that provide Unitholders with direct and indirect exposure to predominantly Australian commercial real estate loans. The Trust may also invest in New Zealand commercial real estate loans from time to time to provide further diversification.

For specific information regarding the investment strategy of the Sub-Trust, refer Sections 4.5 – 4.10 of the PDS.