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.



Index FTSE/NAREIT Developed Index
Portfolio managers Justin Blaess/Chris Bedingfield
Reporting currency $A unhedged
Stock range 20-40 stocks
Client risk profile Growth
Inception date

30 July 2014* (wholesale fund)

29 January 2016** (retail fund)

* Original series. From 30 July 2014 to 27 January 2016 the Fund was only available for investment by wholesale investors via an Information Memorandum.

** Retail daily series. On 27 January 2016, the Fund became a Registered Managed Investment Scheme and suitable for retail investors.

Investment team Quay Global Investors
Responsible entity Bennelong Funds Management Ltd
AFSL 296806
Level 1, 9 Queen St, Melbourne
Recommended investment period 5 years (minimum)
Management fee 0.82% p.a. (including GST net of reduced input tax credits) of the Net Asset Value of the Fund.
Expenses 0.10% p.a. 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 summary

As at 31 January 2019

Value add

1 mnth

3 mnths

6 mnths

1 yr

3 yrs (pa)

5 yrs (pa)

Since inception*






















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 Since inception figures are calculated on a p.a. basis.

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31 January 2019

31 December 2018

30 November 2018

Performance history


Application 1.223
Redemption 1.2163
Effective date 18 February 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: $20,000.00

Recommended investment period: 5 years plus

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Via mFund

Operated by the ASX, mFund enables investors to use a broker or financial adviser to buy and sell units in a selection of unlisted managed funds. Using the same system which drives ASX share transactions, mFund replaces the traditional paper-based process.

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Distribution history

Distribution summary

31 December 2018 distribution CPU (cents)


CUM distribution exit price ($AUD)


Ex distribution exit price ($AUD)


Ex distribution NAV price used for reinvestment ($AUD)


Distribution timetable

Payment of cash distribution


Distribution statements sent to unitholders 7/01/2019

Distribution analysis

30 June 2017

31 December 2016

30 June 2016