Freehold Listed A-REIT & Infrastructure Fund

Overview of the Fund

The Freehold A-REITs & Infrastructure Fund combines Australian Real Estate Investments Trusts (A-REITs) and Listed Infrastructure securities into a portfolio exhibiting income and growth characteristics.

The benchmark allocation for the Fund is 70% A-REITs and 30% Listed Infrastructure securities.

The Fund typically holds 12-20 securities in the portfolio.

Fund Details
Fund Inception Date Model Portfolio – 1st May 2010
Fund – 20th August 2013
Objective To outperform the broad benchmark index over rolling 3-year periods
Benchmark Derived as the S&P/ASX 300 A-REIT Accumulation Index and a subset of the S&P/ASX 200 Index infrastructure sub industries, combined on a 70/30 basis.
Investment Timeframe 3-5 Years
Minimum Investment $25,000
Income Distribution Half Yearly
Unit Pricing Daily
Management Costs 0.85% per annum
Buy / Sell Spread 0.33% / 0.33%
Responsible Entity Trustee Partners
ARSN 164 098 855
APIR Code LAM0042AU
Platforms BT Wrap, Asgard eWrap, Asgard Infinity Wrap

Investment Approach

We are an active, bottom-up manager of Australian real estate and infrastructure securities. Our investment style is based on conducting fundamental research to estimate the relative value of real estate and infrastructure securities.

Investment Process

The portfolio is screened for pure property and infrastructure characteristics and has minimal exposure to development, currency risk and other 'active' earnings. Securities suitable for this strategy generally include a minimum of 90% of property rental income, recurring source or contracted/mature infrastructure income and have 75% of their assets located in Australia.

The competitive advantage of this strategy is the combination of listed property and infrastructure to deliver strong risk adjusted returns. These are achieved from an underlying asset base with similar characteristics expected from owning property, either through underlying leases to property tenants, or contracted or mature income streams derived from infrastructure or utilities agreements where the cashflows are highly predictable.

Given the highly predictable nature of these income streams, we would expect lower volatility from the customised stock universe than the broader ASX 300 AREIT universe.

Initial Screen
  • Customised style
  • Majority rental or contracted income
  • Domestic focus
  •  
Bottom-up Research
  • Market forecasts
  • Stock models
  • Company meetings
  •  
Stock Rankings
  • Quantitative factors
  • Qualitative factors
  • Top-down overlay
  •  
Portfolio Construction
  • Risk-adjusted
  • High conviction
  • Live data feed
  •  

Investment Performance

The Freehold A-REITs & Infrastructure Fund aims to provide investors with a return underpinned by recurring income that is derived from either long term rental leases or a contracted nature.

Investment Performance
As at 31 October 2017
Month Quarter 1 Year 3 Years 5 Years Since inception**
Freehold A-REITs & Listed Infrastructure Fund 1.4% 3.0% 10.6% 12.5% 13.3% 15.7%
Benchmark Index* 2.2% 4.6% 12.9% 13.7% 14.9% 15.6%
Value Added (0.8%) (1.6%) (2.3%) (1.2%) (1.6%) 0.1%
S&P/ASX 300 A-REIT Accumulation Index 2.2% 4.4% 8.6% 10.9% 12.5% 11.5%

*Benchmark Index is derived as the S&P/ASX 300 AREIT Accumulation index and a subset of S&P/ASX 200 Index infrastructure sub industries, as defined by the Global Industry Classification Standard (GICS), combines on a 70/30 basis.
**AREITs/Listed Infrastructure inception date - 1 May 2010: AREITs/Listed infrastructure Customised Benchmark changed from a ratio of 50/50 to 70/30 on 1st December 2010 and from a style based index on 1st December 2016. Performance returns assume reinvestment of income and returns greater than 1 Year are expressed as %p.a.

Latest Performance Report

as at 31 October 2017 (PDF 297KB)

Past Performance Reports

All reports are in PDF format.

For older past performance reports please contact the administrator or login.

October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017
December 2016 November 2016 October 2016

How to Invest

Applications to invest in the Freehold A-REITs & Listed Infrastructure Fund can be made by completing the application form attached the Fund Product Disclosure Document below.

Fund PDS & Application Form
(PDF 1.45MB)

Download

Additional PDS
(PDF 397KB)

Download

Withdrawal Form
(PDF 661KB)

Download

For other administrative queries or forms please contact the administrator or login.


You should obtain the product disclosure statement (PDS) relating to the offer of units in the Freehold A-REITs & Listed Infrastructure Fund ARSN 164 098 855 (Fund) and consider the PDS before making any decision about whether to acquire, or to continue to hold, units in the Fund. The PDS can be obtained at the link above. The issuer of units in the Fund is Responsible Entity Partners Limited ACN 119 757 596 AFSL 304542.