LaSalle Concentrated Global Property Fund
The SGH LaSalle Concentrated Global Property Fund is an actively managed global property fund investing in listed global REITs (G-REITs) and real estate operating companies (REOCs).
Fund overview
Investors can choose from the following three investment options, each providing exposure to a globally diversified listed property portfolio, with differences relating primarily to fee structure and currency hedging.
Before deciding whether to invest, investors should carefully read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS), including all incorporated information. Investors should ensure that the Fund’s features, risks, and investment strategy, as described in the TMD and PDS, align with their investment objectives, financial situation, and needs.
Fund overview
Fund update
SGH LaSalle Concentrated Global Property Fund
The SGH LaSalle Concentrated Global Property Fund is an actively managed global property portfolio that invests primarily in listed global real estate investment trusts (G-REITs) and real estate operating companies (REOCs).
The Fund seeks to deliver total return through a combination of long-term capital growth and rental income, offering investors exposure to the income and capital attributes of property ownership, together with the liquidity of listed securities.
At a glance
Performance
Performance as at 30 April 2026. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | ENTRY | NAV | EXIT | DATE | HISTORY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.33% | 5.70% | 10.94% | 17.10% | 9.76% | 6.33% | 7.29% | 5.89% | $1.1114 | $1.1086 | $1.1058 | 06/08/2026 |
LaSalle Concentrated Global Property Fund M Class
The M Class mirrors the investment strategy and portfolio composition of the SGH LaSalle Concentrated Global Property Fund. The primary difference relates to the performance fee structure, with the M Class applying a relative performance fee calculation.
Please refer below for further details on performance fees
At a glance
Performance
Performance as at 30 April 2026. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | ENTRY | NAV | EXIT | DATE | HISTORY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.35% | 5.52% | 10.75% | 17.41% | - | - | - | - | $1.1058 | - | $1.1002 | 06/08/2026 |
LaSalle Concentrated Global Property Fund M Series (Unhedged)
The M Series (Unhedged) also mirrors the investment strategy of the SGH LaSalle Concentrated Global Property Fund. It differs in that it is unhedged for currency exposure and applies a different performance fee structure, based on a relative performance fee calculation.
Further details are provided below.
At a glance
Performance
Performance as at 30 April 2026. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | ENTRY | NAV | EXIT | DATE | HISTORY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.06% | 6.09% | 8.50% | 13.62% | 8.65% | 2.90% | 4.01% | 4.14% | $1.9018 | $1.8971 | $1.8924 | 06/08/2026 |
Investment Parameters
The Fund’s investment management structure comprises two components:
- SGHiscock Investment Management acts as the overall investment manager, with responsibility for currency management.
- LaSalle Investment Management Securities, LLC (LaSalle) has been appointed as sub-investment manager for the Fund’s global investment portfolio.
The Fund seeks to capitalise on high-conviction global investment opportunities that exhibit strong underlying fundamentals, attractive valuations, and long-term return potential. The investment strategy is benchmark-unaware, allowing for flexible capital allocation across global markets.
The strategy focuses on companies that demonstrate one or more of the following characteristics:
- Deep value opportunities
- Underappreciated growth potential
- Dislocation within a property sector or geographic market
- Clearly identifiable catalysts to unlock value
Investment and ESG related restrictions
SGHiscock Investment Management and LaSalle Investment Management apply the following investment and portfolio construction guidelines when selecting assets for the Fund:
- The Fund typically targets 10 to 20 stocks, listed or expected to be listed on an approved stock exchange
- No individual security may represent more than 20% of the Fund’s net assets
- The Fund may invest up to 100% of its assets in global listed securities, including Australian-listed investments
- International currency exposure is generally hedged back to Australian dollars (AUD)
- The Fund may hold cash of up to 100% of the portfolio, depending on market conditions
Research Ratings
The rating published on 02/2026 for ETL0394AU is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved. The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned APIR: ETL0394AU <24/06/2025>) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines. The Genium rating for the LaSalle Concentrated Global Property Fund M Class APIR ETL3670AU (assigned 28/03/2025) presented in this document is issued by Genium Investment Partners Pty Ltd ABN 13 165 099 785, which is a Corporate Authorised Representative of Genium Advisory Services Pty Ltd ABN 94 304 403 582, AFSL 246580. The Rating is limited to “General Advice” (s766B Corporations Act 2001 (Cth)) and has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without notice. Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision in relation to this financial product(s). Genium receives a fee from the Fund Manager for researching and rating the product(s). Visit Geniumip.com.au for information regarding Genium’s Ratings methodology.
Awards
Zenith Investment Partners Pty Ltd ABN 27 103 132 672 AFSL 226872 Fund Awards issued October 2025 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Fund Awards are current for 12 months and subject to change at any time. Fund Awards for previous years are for historical purposes only. Full details on Zenith Fund Awards at https://www.zenithpartners.com.au/zenith-fund-awards-2025/ Zenith Investment Partners Pty Ltd ABN 27 103 132 672 AFSL 226872 Fund Awards issued 13 October 2023 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Fund Awards are current for 12 months and subject to change at any time. Fund Awards for previous years are for historical purposes only. Full details on Zenith Fund Awards at https://www.zenithpartners.com.au/zenith-fund-awards-2023/ 
SGH Investment Team
Chris Battista
Brenden Gannon, CFA
Paul Meierdierck, CFA
Greg Miller, CFA
Funds Distribution Team
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Anthony Cochran
Alastair McKibbin
Matthew Potter
Nick Simpson
Jason Smit
Investment Guides & Information
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete additional investment form and send to Apex Fund Services Unit Registry.
- If using BPAY® no form is required. BPAY® Biller Code can be located here. You will need your Customer Reference Number (CRN) which you received from Apex Fund Services.
Please contact Apex Fund Services at 1300 133 451 if you require assistance.
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Submit application form online.
OR
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete an application form and send to Apex Fund Services Unit Registry.
Investment Guides & Information
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete additional investment form and send to Apex Fund Services Unit Registry.
- If using BPAY® no form is required. BPAY® Biller Code can be located here. You will need your Customer Reference Number (CRN) which you received from Apex Fund Services.
Please contact Apex Fund Services at 1300 133 451 if you require assistance.
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Submit application form online.
OR
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete an application form and send to Apex Fund Services Unit Registry.
Need some help?
Get in touch if you require further information or support on the fund.