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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 – Quarterly Fund Update December 2023

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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

APIR code ETL0119AU mFund code SHF03 Minimum investment $20,000 Management cost 0.95% Distributions per annum 4 Commencement date 30/11/2005 Asset class Property Benchmark CPI + 3% p.a.
Investment objective A dividend yield (before fees) which is higher than the S&P/ASX300 A-REIT Accumulation Index and a total return in excess of the CPI + 3% over rolling five year periods (before fees). Annual report Download
Please refer to the current PDS, reference guide and TMD for further details including any additional fees that may be applicable.

At a Glance

Fund data is currently unavailable
Please refer to the current PDS, reference guide and TMD for further details including any additional fees that may be applicable.

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 29 February 2024. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.

 

Performance
Performance 1M 3M 6M 1Y 3Y 5Y 7Y 10Y Entry Nav Exit Date History
MOREBACK
Fund Name -2.21% 9.63% 6.23% 2.03% 6.59% 3.37% 3.28% 6.71% $0.3108 $0.3100 $0.3092 27/03/2024

1. Download and read PDS, reference guide and PDS Download
Target Market Determination (TMD). TMD Download
2. Complete application form Reference guide Download
3. Send application form to Apex Fund Services Unit Registry Application form Download

HOW TO INVEST

Existing SGH or DMP investor with Apex investor number:

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Complete additional investment form and send to Apex Fund Services Unit Registry.
  3. 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:

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Submit application form online.

OR

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Complete an application form and send to Apex Fund Services Unit Registry.

How to invest

1. Download and read PDS and reference guide PDS Download
2. Complete application form Reference guide Download
3. Send application form to Apex Fund Services Unit Registry Application form Download

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