The Quay Global Real Estate Fund (Unhedged) invests in a portfolio of real estate securities listed on exchanges around the world. It is relatively concentrated, with a conviction-based approach, and is currency unhedged. The strategy focuses on delivering investors real total returns, and invests through the cycle while also taking advantage of counter-cyclical opportunities.
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| APIR code | BFL0020AU |
| Benchmark | FTSE/EPRA NAREIT Developed Index Net TR AUD |
| Reporting currency | AUD unhedged |
| Security range | 20-40 |
| Active security limit | 10% |
| Cash limit | 0-20% |
| Investment style | Growth/quality |
| Portfolio manager | Justin Blaess & Chris Bedingfield |
| Client risk profile | Income and growth |
| Investment team | Quay Global Investors |
| Responsible Entity | Bennelong Funds Management Ltd AFSL 296806 Level 1, 9 Queen St, Melbourne |
| Target market | See Target Market Determination |
| Recommended investment period | Long term (minimum five years) |
| Investment objectives | Capital growth |
| Fees and charges | Management fee: 0.82% p.a. (including GST net of reduced input tax credits) of the Net Asset Value of the Fund Performance fee: 15.375% of any amount by which the investment return of the Fund (after the payment of the Management Fee and expenses but adding back any distributions during the relevant half-year period) is above the higher of the CPI and the return generated by the FTSE EPRA/NAREIT Developed Index, denominated in Australian dollars. Other expenses and indirect costs may also apply. Please refer to the PDS for more information. |
| Investment amount | Initial investment minimum: $20,000 Minimum additional investment amount: $5,000 Withdrawal minimum: $5,000 Subject to the Responsible Entity's absolute discretion. |
| Inception date | 30 July 2014* *The Quay Global Real Estate Fund (Unhedged) was launched on 30 July 2014 by another trustee, and performance data relates to this strategy. Bennelong assumed responsibility as replacement trustee on 31 January 2016. |
| Fund | Benchmark* | Value add | |
| 1 Month | -0.15% | -0.12% | -0.03% |
| 3 Months | 3.31% | 0.57% | 2.74% |
| 6 Months | 1.80% | -0.90% | 2.70% |
| 1 Year | -8.06% | -8.65% | 0.59% |
| 3 Years p.a. | 0.93% | -2.57% | 3.50% |
| 5 Years p.a. | 8.16% | 4.98% | 3.17% |
| Since Inception p.a.** | 9.74% | 6.01% | 3.73% |
Performance figures are AUD unhedged and are net of fees and expenses.
Past fund performance is not indicative of future performance.
*Benchmark is the FTSE/EPRA NAREIT Developed Index Net TR AUD.
**The Quay Global Real Estate Fund (Unhedged) was launched on 30 July 2014 by another trustee, and the above performance data relates to this strategy. Bennelong assumed responsibility as replacement trustee on 31 January 2016 – for performance history relating to this date, please contact Client Experience on 1800 895 388 (AU) or 0800 442 304 (NZ) or client.experience@bennelongfunds.com. Since inception figures are calculated on a p.a. basis.
To download performance history since inception, leave the date range blank and select download data.
*Performance figures are net of fees and expenses. Past fund performance is not indicative of future performance.
| Application | 1.1811 |
| Redemption | 1.1763 |
| Effective date | 23/03/2023 |
Inception date: 31st July 2014
To download daily unit prices since inception, leave the date range blank and select download data.
All unit prices are in AUD. This information is issued by Bennelong Funds Management Limited (ABN 39 111 214 085, AFSL 296806) (BFML) in relation to the Quay Global Real Estate Fund (Unhedged). The information provided is general information only. It does not constitute financial, tax or legal advice or an offer or solicitation to subscribe for units in any fund of which BFML is the Trustee or Responsible Entity (Bennelong Fund). This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider the appropriateness of the information based on your own objectives, financial situation or needs or consult a professional adviser. You should also consider the relevant Information Memorandum (IM) and or Product Disclosure Statement (PDS) which is available on the BFML website, bennfundsmanagement.com.au, or by phoning 1800 895 388. BFML may receive management and or performance fees from the Bennelong Funds, details of which are also set out in the current IM and or PDS. BFML and the Bennelong Funds, their affiliates and associates accept no liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. All investments carry risks. There can be no assurance that any Bennelong Fund will achieve its targeted rate of return and no guarantee against loss resulting from an investment in any Bennelong Fund. Past fund performance is not indicative of future performance. Quay Global Investors (ABN 98 163 911 859) is a Corporate Authorised Representative of Bennelong Funds Management Limited (BFML), ABN 39 111 214 085, Australian Financial Services Licence No. 296806.
| 31 December 2022 distribution CPU (cents) | 1.3142 |
| CUM distribution exit price ($AUD) | 1.2368 |
| Ex distribution exit price ($AUD) | 1.2236 |
| Ex distribution NAV price used for reinvestment ($AUD) | 1.2261 |
| CUM prices available | 3/01/2023 |
| CPU distribution rate available | 4/01/2023 |
| Ex prices available | 5/01/2023 |
| Payment of cash distribution | 9/01/2023 |
| Distribution statements sent to unitholders | 9/01/2023 |
| Monthly statements sent to unitholders | 10/01/2023 |
Below is the consolidated distribution analysis for all Bennelong funds.
