Australian Unity Diversified Property Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101045-2024-02-16-02:18.pdf |
FUND MANAGER | Australian Unity Property |
ASX Code | |
APIR | YOC0018AU |
ASSET CLASS | PROPERTY |
INVESTMENT STYLE | The investment strategy of the Fund is to acquire, manage and grow a diversified property portfolio of offices, convenience retail shopping centres and industrial properties in Australia. |
INVESTMENT PROFILE | The Fund seeks to provide a stable income stream that is at least 1% p.a. above the average Commonwealth Government 10-year bond yield, calculated on a rolling basis over the previous five-year period, and a total return (income and capital growth) above the Benchmark. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 22-08-2006 |
BENCHMARK | MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index |
FUND SIZE | MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | 8 |
FEES | 0.65% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Australian Unity Diversified Property FundThis Fund is designed for investors who want:
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RISK LEVEL | |
INVESTOR SUITABILITY | Investor suitabilityThis Fund is typically suited to investors who:
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Risks
Title | |
Detail |
Key Features
About the FundThe Fund is an unlisted property trust that aims to provide investors with monthly tax-effective income and the opportunity for capital growth over the medium to long term. The Fund aims to achieve this by investing in a diversified property portfolio of quality Australian commercial properties including offices, convenience retail shopping centres and industrial properties Features of the Fund
How the Fund worksInvestor capital is pooled with borrowings from lenders to purchase, maintain and/or redevelop direct property and related assets for the Fund. Investment objectivesWe aim to deliver:
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Mandate
How we invest your moneyThe Fund predominantly comprises Australian commercial assets including directly owned properties (such as offices, shopping centres and industrial properties), unlisted property trusts and listed Australian REITs. A summary as at 30 June 2019 is provided in the table on page 5 of the PDS. A full list of properties and investments in listed Australian REITs and unlisted property trusts is set out in the table on page 9 of the PDS. Investment processThe investment strategy of the Fund is to acquire, manage and grow a diversified commercial property portfolio of offices, shopping centres and industrial properties in Australia. Properties are predominantly situated in capital cities and major regional and metropolitan centres although the Fund may invest outside these areas if appropriate. The Fund may also invest in property trusts (i.e. listed and unlisted managed investment schemes) including those managed by Australian Unity provided the proposed investment meets the Fund's investment objective. Diversification of properties is sought to provide the portfolio with a more consistent source of income across variability in the economic cycle, or through times of upgrading and developing certain properties. Diversification occurs at different levels including by property type, geographic location, tenancy mix, lease terms and size of properties. New property developments may be considered, with a view to retaining ownership in the medium term. Speculative development is not part of the Fund's strategy. We will look to sell assets where we believe it is appropriate for the Fund and investors. We consider a range of factors including but not limited to:
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