The Fund gains exposure to the performance of the Index by investing in the Macquarie True Index Global Real Estate Securities Fund (Underlying Fund) and entering into currency hedging contracts. Macquarie is the responsible entity of the Underlying Fund, which is also managed by the Investment Manager

The Fund provides exposure to the performance of the FTSE EPRA Nareit Developed Index Net Total Return Index (hedged in AUD) (Index). It aims to generate capital growth and income.

Benefits of investing in the Macquarie Hedged Index Global Real Estate Securities Fund

Significant benefits
• Low cost exposure to global real estate securities through a hedged portfolio, designed to remove exposure to foreigncurrency fluctuations.
• Access to the investment management expertise provided by Macquarie Asset Management Public Investments.

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund listed above and are prepared to accept the risks of the Fund set out in Section 4.

The Underlying Fund is designed to result in pre-tax returns for investors that equal the returns provided by the FTSE EPRA Nareit Developed Net Total Return Index (in AUD (unhedged)) (known as ‘True Indexing’) and seeks to achieve this by investing in shares, derivatives (including options, futures, warrants and forwards) and cash, either directly or through Underlying funds that are managed by members of the Macquarie Group (Underlying Investments) with the aim of providing exposure that closely resembles the exposure of the Index

Significant features
• Aims to provide exposure to the performance of the FTSE EPRA Nareit Developed Index Net Total Return Index (hedged in AUD) (Index), by investing in the Macquarie True Index Global Real Estate Securities Fund (Underlying Fund)

True Indexing is designed to result in pre-tax returns for investors that equal the returns provided by the Index. The Fund achieves this by:

a) investing in shares, derivatives (including options, futures, warrants and forwards) and cash, either directly or through underlying funds that are managed by members of the Macquarie Group (Underlying Investments) with the aim of providing exposure that closely resembles the exposure of the Index, and

b) entering into a swap agreement with Macquarie Financial Holdings Pty Limited (Swap Counterparty). If the Underlying Investments outperform the Index, the Swap Counterparty receives this outperformance. If the Underlying Investments underperform the Index, the Swap Counterparty compensates the Fund to the extent of the underperformance.

These arrangements enable the Fund to provide True Indexing regardless of the performance of the Underlying Investments.

Asset Allocation: 

Global property securities: 100%