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SGH Property Income Fund
An actively managed portfolio providing diversified exposure to Australian property and infrastructure assets by primarily investing in Australian real estate investment trusts (AREITs) that typically derive the bulk of their earnings from rental property earnings. It aims to provide greater diversification than the underlying index by limiting the maximum weighting to any security to 15%.
Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS)(including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.
Monthly Fact Sheet
How to invest
Grant Berry – PIF Quarterly Fund Update September 2024
Malcolm Ellis – ESG Update January 2023
SGH Property Income Fund
An actively managed portfolio providing diversified exposure to Australian property and infrastructure assets by primarily investing in Australian real estate investment trusts (AREITs) that typically derive the bulk of their earnings from rental property earnings. It aims to provide greater diversification than the underlying index by limiting the maximum weighting to any security to 15%.
Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS)(including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.
At a Glance
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At a Glance
Investment strategy
SG Hiscock’s investment approach is based on a disciplined valuation methodology with regard for the fundamental outlook. We use quantitative value inputs (ranked in our proprietary value model) combined with judgemental analysis of fundamental factors and market sentiment. In essence, this means the portfolios will generally show value characteristics but because of the fundamental overlays, these will rarely be extreme.
As a rule, AREITs derive the bulk of their income from rental property income. The fund generally seeks to invest in AREITs that exhibit an above-average proportion of their income sourced from rents rather than more volatile income streams such as third-party construction or development. As a result of this strategy, the fund’s investment portfolio has very different weights to that of the S&P/ASX300 AREIT Index.
Key beliefs that underpin our investment approach include:
- Prices move towards fair value over time
- A ‘property-like view’ is essential for correct valuation
- A low turnover approach is consistent with direct property
- A bottom-up approach captures valuation inefficiencies
- On-the-ground research is critical in gaining true insights
- REITs with superior fundamentals tend to outperform
Investment parameters
This fund’s investment universe is primarily securities listed on the ASX. These may include, REITs; companies engaged in property investment, management, development or construction; and securities which invest in infrastructure assets and other similar assets. The fund will hold a minimum of 10 securities in its portfolio, with no one security making up more than 15% of the portfolio. Portfolio construction guidelines include limits to the fund’s exposure to any one company or security.
The fund has maximum allocations to:
- Cash of 20%
- Real estate management, development & infrastructure assets of 15%
- Global securities of 20%
Performance as at 31 October 2024. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
HOW TO INVEST
Existing SGH or DMP investor with Apex investor number:
- 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 is 349803. 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.
Not an existing SGH or DMP investor:
- 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.
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Investment team
Grant Berry
Director & Portfolio Manager
Grant joined SGH in 2001 as one of the founding principals. He is a Director and Portfolio Manager of AREITS….
Malcolm Ellis
Assistant Portfolio Manager
Malcolm joined SGH in June 2008. As Assistant Portfolio Manager at SGH, Malcolm’s primary responsibilities are the analysis of trusts,…
