For investors in Singapore

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 25.86
As of 21/01/2022

1-Day Change
USD -0.10 (-0.39%)
As of 21/01/2022

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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Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.

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

Cumulative & Annualised Performance (%)
As of 31/12/2021
A2 USD (Net) A2 USD (With Sales Charge)* FTSE EPRA Nareit Global REITs NR
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
29/09/2003
A2 USD (Net) 7.32 9.45 6.95 20.88 20.88 16.24 11.54 10.42 5.81
A2 USD (With Sales Charge)* 1.95 3.98 1.60 14.84 14.84 14.27 10.40 9.85 5.51
FTSE EPRA Nareit Global REITs NR 7.31 12.22 11.83 27.87 27.87 12.80 9.29 9.48 -
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 30/06/2021)
2.20%

Portfolio

Top Holdings (As of 31/12/2021)
% OF FUND
Life Storage Inc 4.40
VICI Properties Inc 4.36
Spirit Realty Capital Inc 4.34
UDR Inc 3.96
Prologis Inc 3.94
MGM Growth Properties LLC 3.82
National Retail Properties Inc 3.81
Invitation Homes Inc 3.78
Ventas Inc 3.50
Granite Real Estate Investment Trust 3.44
Total 39.35

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