AREITS and Listed
Infrastructure Portfolio

FIM’s AREITs and Listed Infrastructure portfolio has the same underlying theme as the AREITs only portfolio, deriving a high proportion of income from property rental for AREITs and mature/contracted income from Listed Infrastructure. The benchmark allocation for the portfolio is 70% to AREITs and 30% to Listed Infrastructure.

The pure property and infrastructure strategy is intended to be a concentrated portfolio with a relatively low turnover.

The investment characteristics of securities suitable for this strategy include:

• Property rental and contracted/mature income > 90% of total income
• Domestic assets > 30% of total assets

The portfolio is managed against the rolling three year return of a subset of the UBS Australian Infrastructure and Utilities Accumulation Index, filtered by the constraints described above which most notably excludes Origin Energy and AGL Energy.