For Approved Qualified Domestic Institutional Investors in China

Global Real Estate Equity Income Fund

Actively managed, high-conviction fund focused on the managers’ best ideas in listed property stocks and REITs, and aiming to deliver long-term capital appreciation

ISIN
IE0033534557

NAV
USD 26.51
As of 2021/11/26

1-Day Change
USD -0.64 (-2.36%)
As of 2021/11/26

Morningstar Rating

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a positive level of income with the potential for capital growth over the long term (five years or more).
Performance target: To achieve a dividend yield exceeding that of the FTSE EPRA Nareit Global REIT Index, before the deduction of charges, on an annual basis.

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The Fund invests at least 80% of its assets in shares (also known as equities) and equity-related securities of real estate investment trusts (REITs) and companies, which invest in property, in any country. Companies will derive the main part of their revenue from owning, developing and managing real estate.
The Fund may also invest in other assets including cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the FTSE EPRA Nareit Global REIT Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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ABOUT THIS FUND

  • A broad investable universe and selective approach enables the team to identify stocks with attractive dividend yield and growth characteristics
  • Managed by a global team of experts based in Singapore, the UK, and the US with more than 90 years’ collective investment experience
  • Offers a liquid means of diversifying into global real estate and benefitting from powerful secular themes influencing the asset class

PORTFOLIO MANAGEMENT

Guy Barnard, CFA

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2003. Joined Firm in 2006.

Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Greg Kuhl, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2015.

Performance

Discrete Performance (%)
As of 2021/09/30
A2 USD
 
Quarter End
As of 2021/09/30
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A2 USD 19.18 -3.02 15.97 5.99 6.63
Cumulative Performance (%)
As of 2021/10/31
A2 USD
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2003/09/29
A2 USD 6.05 -0.33 6.43 17.13 31.03 49.67 67.39 171.50
CALENDAR YEAR RETURNS (%)
A2 USD
2016 2017 2018 2019 2020
A2 USD 3.11 15.65 -4.95 29.26 0.52
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 2021/06/30)
2.20%

Portfolio

Top Holdings (As of 2021/10/31)
% OF FUND
Spirit Realty Capital Inc 4.55
VICI Properties Inc 4.38
Granite Real Estate Investment Trust 3.86
MGM Growth Properties LLC 3.80
UDR Inc 3.79
Ventas Inc 3.78
National Retail Properties Inc 3.72
Life Storage Inc 3.66
Prologis Inc 3.51
CubeSmart 3.34
Total 38.39

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