Fund

Quay Global Real Estate Fund

The Quay Global Real Estate Fund invests in a number of global listed real estate companies, groups and funds. It aims to generate a real total return of at least 5% above CPI p.a. over five or more years, before fees and costs.

APIR Code

BFL0020AU

Index FTSE/EPRA NAREIT Developed Index Net TR AUD
Portfolio managers Justin Blaess & Chris Bedingfield
Reporting currency AUD unhedged
Stock range 20-40
Active stock limit 10%
Cash limit

0-20%

Client risk profile Income and growth
Investment team Quay Global Investors
Investment style Growth/quality
Responsible Entity Bennelong Funds Management Ltd
AFSL 296806
Level 1, 9 Queen St, Melbourne
Recommended investment period Long term (minimum five years)
Inception date

30 July 2014*

*The Quay Global Real Estate Fund 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.

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, subject to a High Water Mark

Investment amount

Initial investment minimum: $20,000

Additional investment minimum: $5,000

Subject to the Responsible Entity's absolute discretion

Performance

Performance summary

As at 31 May 2019

 
Fund
Benchmark
Value add

1 mnth

3 mnths

6 mnths

1 yr

3 yrs (pa)

5 yrs (pa)

Since inception*

1.67%

5.70%

13.92%

20.87%

9.67%

-

15.57%

1.29%

4.58%

12.22%

17.43%

6.73%

-

11.05%

0.38%

1.12%

1.70%

3.44%

2.94%

-

4.51%

Performance figures are net of fees and expenses
*The Quay Global Real Estate Fund 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 Services on 1800 895 388 (AU) or 0800 442 304 (NZ) or client.services@bennelongfunds.com. Since inception figures are calculated on a p.a. basis.

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31 May 2019

30 April 2019

31 March 2019

Performance history

Prices

Application 1.3389
Redemption 1.3315
Effective date 19 June 2019
 

Unit price history

How to invest

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Direct investment

Investments can be made directly to Bennelong via a Product Disclosure Statement (PDS) application form.

Minimum investment amount: $20,000

Recommended investment period: 5 years plus

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Distribution history

30 June 2019 Distribution timetable

CUM prices available

1/07/2019

CPU distribution rate available

5/07/2019

Ex prices available

5/07/2019

Payment of cash distribution

9/07/2019

Transaction statements sent to unitholders

9/07/2019

Tax statements sent to unitholders

18/07/2019

Distribution summary

31 December 2018 distribution CPU (cents)

0.9933

CUM distribution exit price ($AUD)

1.1110

Ex distribution exit price ($AUD)

1.1011

Ex distribution NAV price used for reinvestment ($AUD)

1.1038

Distribution analysis

30 June 2017

31 December 2016

30 June 2016