Advisers - Cromwell Funds Management
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Information for advisers

Cromwell Funds Management Limited (Cromwell or CFM) is part of the ASX-Listed Cromwell Property Group (ASX:CMW), an Australian real estate investor and manager that has owned, managed and invested in commercial property since 1998.

Home Invest Advisers

Information for advisers

Cromwell Funds Management Limited (Cromwell or CFM) is part of the ASX-Listed Cromwell Property Group (ASX:CMW), an Australian real estate investor and manager that has owned, managed and invested in commercial property since 1998.

Why invest in real with Cromwell Funds Management?

Cromwell utilises real expertise to invest in real assets and deliver real returns for your clients.

We aim to build investor wealth through the careful selection, acquisition and management of secure, income-producing commercial properties and portfolios.

Cromwell’s suite of investment opportunities offers access primarily to unlisted property trusts and ASX-listed Real Estate Investment Trusts (A-REITs), providing different methods of investing in commercial property and diversifying your client’s portfolio.

Our open funds

Cromwell Funds Management 100 Creek Street Brisbane building
Cromwell Direct Property Fund 1

5.1%2
Total Returns p.a.
Since inception (August 2013)


Key benefits

  • Regular, monthly tax-advantaged income stream with a strong yield4
  • Exposure to a diversified portfolio of quality assets underpinned by Government and blue-chip tenants
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Cromwell Phoenix Property Securities Fund

7.8%3
Total Returns p.a.
Since inception (April 2008)


Key benefits

  • Access to award winning investment manager, Phoenix Portfolios
  • Long-term outperformance of the Benchmark Index3,5
  • Wider investment universe allows diversification outside benchmark, helping to maximise returns
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Platform availability

Cromwell Direct Property Fund

AMP PortfolioCare
Asgard
Clearstream
BT Panorama
Colonial First State (CFS) First Wrap
Dash
HUB24
Macquarie Wrap
Mason Stevens
My North
Netwealth
North
Powerwrap
Praemium
uXchange

Cromwell Phoenix Property Securities Fund

AMP PortfolioCare
Asgard
BT Panorama
Colonial First State (CFS) First Wrap
Dash
HUB24
My North
Macquarie Wrap
Mason Stevens
Netwealth
North
Powerwrap
Praemium
uXchange
Design and Distribution Obligations

All product issuers and distributors (including financial advisers) of financial products have to comply with the ASIC’s product Design and Distribution Obligations (DDO) pursuant to RG274.

Commercial property investing basics

We understand investing in commercial property, particularly unlisted property funds, forms a small part of a managed account, if they’re even included at all. With this in mind, if you’re new to investing in property or need a refresher, we’ve put together resources to help you and your clients understand everything there is to know about investing in real assets.

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Understanding commercial property

Want to understand more about commercial property investment?

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Latest property industry research and insights

Looking for the latest property research and insight from our team?

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More about Cromwell

Learn about our people and our funds

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Unlisted direct property funds

Unlisted direct property funds are the cornerstone on which Cromwell was built. Two adjoining office buildings in Brisbane’s Fortitude Valley, which were acquired in June 1999 for $13.6 million (and later sold in September 2015 for $31 million), kickstarted Cromwell’s track record of identifying, acquiring and managing income-producing commercial properties and portfolios.

Unlisted property funds provide an investment with characteristics most like a direct purchase of a commercial property, with the added benefit of professional management. As unlisted property funds are generally priced based on the underlying valuation of their assets, their price volatility is a lot lower than A-REITs and the value of the investment is primarily influenced by movements in the commercial property market, rather than by the broader share market.

CFM offers two types of unlisted property funds – open-end funds and fixed-term, closed-end trusts (or syndicates).

Discover an open-end fund in action with the Cromwell Direct Property Fund >


Our difference

Cromwell Funds Management specialises in the creation, structuring, marketing and management of unlisted, property-related investment opportunities. In addition to utilising this funds management capability and acting as the responsible entity of each investment opportunity, CFM employs the in-depth property knowledge and experience of Cromwell Property Group to maximise performance.

Cromwell Property Group provides a full suite of property-related services, including transaction sourcing, due diligence, property management, leasing, asset enhancement and realisation.

Where many competitors outsource responsibility for the day-to-day management of their properties, Cromwell Property Group actively manage all properties in-house. This integrated property management model means the asset management team oversees the strategy for each property, ensuring tenants are content, space is leased, buildings are operating efficiently and projects are delivered on time and within budget.

Keeping these functions in-house ensures assets are managed in accordance with the interests of investors and to the expectations of tenants.


Listed property securities funds

Cromwell leans on its long-term partnership and the expertise of boutique equity investment manager, Phoenix Portfolios (Phoenix), when it comes to our listed funds.

Cromwell Funds Management’s listed property securities funds invest predominately in a wide range of A-REITs and can be traded just like any other share. The wide variety of A-REITs available, the large asset diversification generally within each A-REIT and their high level of liquidity are strong positives.


Our difference

Cromwell’s partnership with Phoenix Portfolios, who are specialists in active, ‘benchmark unaware’ property securities investing separates us from our competition. The ‘benchmark unaware’ strategy has resulted in the Cromwell Phoenix Property Securities Fund outperforming the S&P/ASX300 A-REIT Accumulation Index over the long term.

Phoenix believes smaller stocks are typically under-researched relative to their larger peers and therefore more likely to be attractively priced. As such, despite many of these stocks possessing compelling investment fundamentals, they are often overlooked by many fund managers.

‘Benchmark unaware’, Phoenix is able to diversify exposure past stocks in the relative benchmark index and gain a bigger slice of the smaller stocks.

Discover more about ‘benchmark unaware’ investing and the Cromwell Phoenix Property Securities Fund >


About Phoenix Portfolios

Established in 2006, Phoenix Portfolios is a boutique investment manager which has built a strong track record across a variety of A-REIT mandates, property securities funds and microcap securities, culminating in numerous industry awards.

Phoenix seek to be experts in niche sectors of the market, including property, infrastructure and small/microcap stocks. Phoenix’s focus on in-depth research provides a knowledge-based competitive edge. Jointly owned by staff and Cromwell Property Group, this ownership model promotes long-term stability and alignment of interests between employees and investors. Cromwell is an active participant in direct property markets and provides valuable insights into the Phoenix research process.

Phoenix has outsourced all non-investment functions to specialist providers, enabling the team to focus solely on investment activities.


Our track record

Cromwell Funds Management Energex House building
Fully subscribed funds

CFM has a strong track record managing unlisted direct property funds. Find out more about the performance of our fully subscribed and closed investment funds here.

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Case studies

Cromwell’s approach to property is characterised by a belief in the cyclicality of markets. We have a strong focus on governance, compliance, and oversight which gives us the confidence to time entry and exit from markets. Read about our successes here.

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Contact us

Cromwell Daniel Thomas National Manager Adviser Distribution
Daniel Thomas

National Manager – Adviser Distribution
T: 0438 046 893
E: Daniel.Thomas@cromwell.com.au

BOOK A MEETING WITH DANIEL >

Cromwell Narelle Avery State Manager QLD NT
Narelle Avery

State Manager – QLD/NSW/ACT/NT
T: 0467 284 727
E: Narelle.Avery@cromwell.com.au

BOOK A MEETING WITH NARELLE >

Footnotes

  1. Cromwell Direct Property Fund has temporarily suspended applications until the finalisation of half year accounts. Investors should not rely on the Fund’s unit price during this period until the process is complete.
  2. As at 31 January 2024. After fees and costs. Performance data for periods longer than one year have been annualised. Past performance is not a reliable indicator of future performance.
  3. As at 31 January 2024 (PSF – Ordinary Units), after fees and costs. Past performance is not a reliable indicator of future performance.
  4. Capital growth and income distributions are not guaranteed and are subject to the assumptions and risks contained in the PDS. Past performance is not a reliable indicator of future performance.
  5. S&P/ASX300 A-REIT Accumulation Index.