|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The Fund will invest in a number of global listed real estate companies, groups or funds. The investment strategy is to make investments in real estate securities at a price that will deliver a real, after inflation, total return of 5% per annum (before costs and fees), inclusive of distributions over a longer-term period.
The Investment Strategy is indifferent to the constraints of any index benchmarks and is relatively concentrated in its number of investments. The Fund is expected to own between 20 and 40 securities, and from time to time up to 20% of the portfolio maybe invested in cash. The Fund is $A un-hedged.
The fund's returns over the past 12 months have been achieved with a volatility of 10.98% vs the index's 11.87%. The annualised volatility of the fund's returns since inception in January 2016 is 11.97% vs the index's 12.9%. Over all other periods, the fund's returns have been consistently less volatile than the index.
Since inception in January 2016 in the months where the market was positive, the fund has provided positive returns 90% of the time, contributing to an up-capture ratio for returns since inception of 106.57%. Over all other periods, the fund's up-capture ratio has ranged from a high of 107.92% over the most recent 60 months to a low of 97.02% over the latest 36 months. An up-capture ratio greater than 100% indicates that, on average, the fund has outperformed in the market's positive months.
The fund has a down-capture ratio for returns since inception of 85.74%. Over all other periods, the fund's down-capture ratio has ranged from a high of 82.87% over the most recent 60 months to a low of 65.3% over the latest 12 months. A down-capture ratio less than 100% indicates that, on average, the fund has outperformed in the market's negative months over the specified period.