Alpha Fund Managers

Overview

Investment objective

The Alpha Property Securities Fund is designed for investors seeking both high-income and capital growth opportunities, combined with moderate tax benefits, by investing in a globally-diversified portfolio of listed property securities. It aims to outperform (after fund fees and expenses, and before taxes) a combination of the FTSE EPRA/NAREIT Developed Index and the S&P/ASX 200 Property Trust Accumulation Index on a rolling 3 to 5 year basis. The Fund invests in global listed property securities that derive the bulk of their income from property rental - providing greater diversification and liquidity than direct property, and access to a wider universe of investment opportunities than the Australian market.

Investments held

The Alpha Property Securities Fund gains exposure to listed property securities traded on global markets by investing into property securities managed funds.

Minimum suggested investment timeframe

The minimum suggested investment timeframe for the Alpha Property Securities Fund is 3 to 5 years. The minimum suggested timeframe is a general guide only, and does not take into account your individual circumstances. We advise investors to seek financial advice to determine an appropriate investment period for the Alpha Property Securities Fund.

Investment Managers

In May 2105, Quay Global Investors formed a joint venture with Bennelong Funds Management as a partnership with two portfolio managers and Bennelong. Bennelong is a reputable brand in the industry managing approximately $6 billion across their boutique fund which complements the Quay business and offers business sustainability. The portfolio managers have extensive industry experience and demonstrable capabilities in the real estate sector. The Global Real Estate Fund adopts a long-only, high conviction approach to investing that is truly benchmark unware and will only invest in those securities they believe will exceed real total return target. This high conviction approach in the Global REIT market is uncommon as most managers tend to construct their portfolio, starting with the benchmark, and typically manage the active risk within a narrow range.
The Renaissance Property Securities business was found in 2003 and is wholly owned by co-portfolio managers of the strategy. Since its inception the team has refined the investment process and portfolio construction tools to develop a strong platform for outperformance. Renaissance Property Securities employs an active, value based investment style. Their belief is that ultimately the value of a stock will, in the long term, be determined by its income fundamentals. As a result, their approach is characterised by bottom up investment research into individual securities, with a particular focus on analysing and forecasting the present and potential future income generation of each underlying property investment.
Folkestone is an ASX listed real estate fund manager and developer comprising of a range of real estate investment products across debt, equity, public and private markets. In April 2014, Folkestone acquired 100% of Maxim Asset Management, which was subsequently renamed as Folkestone Maxim Asset Management. The business objective is to develop into a leading specialist manager of A-REIT securities, with a focus on delivering strong risk adjusted returns through fundamental analysis and adhering to its high conviction process.

 

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Information on this page is general advice only and is not personal advice. It does not take into account your individual objectives, financial situation or needs. Please review a copy of the Product Disclosure Statement to determine if this is a suitable investment to meet your needs or speak to your financial adviser before you make any decision to invest.

Funds invested are not guaranteed and their value will rise and fall in line with market forces. Past performance is no guarantee of future return.

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APIR

ETL0095AU

Who should invest?

Investors seeking both high-income and capital growth opportunities, combined with moderate tax benefits, by investing in a globally-diversified portfolio of listed property securities

Investments held

Predominantly Australian and global property securities managed funds

Benchmark

FTSE EPRA/NAREIT Developed Index and the S&P/ASX 200 Property Trust Accumulation Index

Minimum recommended investment time frame

3 to 5 years

Investment manager

Alpha Fund Managers Pty Ltd

Responsible entity

Equity Trustees Limited

Minimum initial investment

$25,000

Minimum additional investment

$10,000

Minimum withdrawal

$10,000

Minimum balance

$25,000

Withdrawal of monies under normal circumstances

Within 7 days

Valuation frequency

Daily

Unit price

Generally determined each business day based on the Net Asset Value of the Fund

Buy/Sell spread

0.33% / 0.33%

Income distribution

Quarterly

Management costs

1.286% p.a.

Performance fees

Yes - Refer to PDS

Date of inception

March 2007

Please refer to the Alpha Fund Series PDS for further information