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

Real, regular income with long-term capital growth potential¹

Cromwell Direct Property Fund

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You should consider the PDS and TMD before deciding whether to invest or hold units in the fund.

Home Invest Cromwell Direct Property Fund

Real, regular income with long-term capital growth potential¹

Cromwell Direct Property Fund

New investor

Welcome!

Explore the benefits of investing in the Cromwell Direct Property Fund below.

Existing investor

Apply for additional units online or via a paper form

Access key documents and the latest Fund updates

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Financial adviser

Click through to to the adviser information page for fund information, resources and platform availability

Adviser Resources
About the Cromwell Direct Property Fund

The Cromwell Direct Property Fund (Fund) is comprised of a quality portfolio of nine3 commercial property assets with a long, 4.1-year weighted average lease expiry (WALE)5 and 54% of income sourced from government and listed tenants3,4.

As an award-winning fund manager with more than 25 years’ property management experience, Cromwell Funds Management aims to provide investors with a monthly tax-advantaged income stream, combined with the potential for capital growth1.

5.3%
Distribution yield, paid monthly2
As at 30 April 2024
4.9%
Total returns p.a.8
Annualised since inception (September 2013)
$0.8909
Unit price
View unit price history

Key benefits for investors

Long leases to quality tenants
Australian portfolio underpinned by Government and blue-chip tenants
Regular income stream
Monthly, tax-advantaged income stream1
Diversification
Exposure to a portfolio of nine quality assets4,7
Long-term capital growth potential1
$10,000 minimum investment
Only a small investment is required, allowing you to diversify your investment funds
Award winning Fund Manager
With more than 25 years’ property management experience

An income-producing investment with long-term capital growth potential1

Cromwell Phoenix Portfolios city from above
Latest direct property market update

Get an overview of what’s happening in the property market for the quarter.

Latest market update
Cromwell Funds Management 100 Creek Street Brisbane building
Property portfolio

View the Cromwell Direct Property Fund’s portfolio of high quality assets.

Property portfolio
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How to invest

Interested in investing? Here is more information on what to do next.

How to invest

Risk disclosure

An investment in this Fund is subject to risk. Capital growth, distributions and tax consequences cannot be guaranteed.

In the PDS, CFM has listed the key risks of investing in the Fund. CFM has not listed all risks. Where applicable, CFM has explained how it intends to manage the risks. However, risks cannot be avoided altogether and some risks are outside CFM’s control.

If a risk eventuates, it may result in reduced distributions and/or a loss of some or all of the capital value of your investment.

A potential investor should consider the risks, and their attitude towards risk in general, when considering an investment in the Fund.

As set out in section 4 of the PDS, examples of key risks include diversification risk, property risk and Fund risk. See the PDS below for further details.

Are you a financial adviser?

Read more about the Cromwell Direct Property Fund, including essential resources for financial professionals and platform availability.

Request a Product Disclosure Statement

Thank you for your interest in the Cromwell Direct Property Fund. Please complete the form below to receive the Fund's PDS.

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All personal information submitted will be treated in accordance with our Australian Privacy Policy. By submitting personal data to Cromwell Funds Management, you agree that, where it is permitted by law and in accordance with our Australian Privacy Policy or where you have agreed to receive communications from us, Cromwell Funds Management may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.

Key documents

Target Market Determination (TMD)
Latest fund flyer as at 30 April 2024
Latest investment report as at 31 March 2024
Fund ESG performance as at 30 April 2024
ASIC benchmarks and disclosure principles (RG46 disclosure guide) as at 25 March 2024
Investment Performance Summary as at 31 March 2024

The information in this section of the website is provided for the use of licensed financial advisers and wholesale investors only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. Any advice is not personal advice and has been prepared without taking into account investors objectives, financial situation or needs.

By electing to continue, you confirm that you are a licensed financial adviser or a wholesale investor.

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Information for existing investors

The Cromwell Direct Property Fund will cease to offer redemptions under the Limited Monthly Withdrawal Facility until further notice. View the continuous disclosure notice dated 4 March 2024.

Cromwell follows ASIC’s good practice guidance for website disclosure of material information. This means that all material information in relation to the Cromwell Direct Property Fund will be posted on the Cromwell Direct Property Fund continuous disclosure page as soon as practicable after Cromwell becomes aware of it.

View the Cromwell Direct Property Fund continuous disclosure.

View Tax information for this fund.

How to invest

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1. Read

A potential investor must read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) in full.

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2. Review

A potential investor should consider the risks as outlined in section 4 of the PDS, and their appetite to risk in general when considering an investment in the Fund.

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3. Apply

Apply online, or contact Cromwell’s Investor Services Team on
1300 268 078 or email invest@cromwell.com.au.

Contact us

Contact Information
Jonathan Bredin Relationship Manager

Jonathan has 20 years’ experience in equity markets and investing. He is responsible for maintaining relationships with Cromwell’s direct retail investors.

T: 1300 268 078
E: jonathan.bredin@cromwell.com.au

Book a meeting with Jonathan
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Footnotes
  1. Capital growth, distributions and tax consequences 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.
  2. Based on distributions of 4.75 cents per unit p.a. and ex-unit price of $0.8915 as at 30 April 2024.
  3. As at 30 April 2024. The fund holds indirect interests in two of the assets via investments in underlying managed investment schemes, with CFM the responsible entity for both.
  4. Positions in the Fund are subject to change. Calculated using the Fund’s financial management accounts as at 30 April 2024.
  5. Calculated on a ‘look-through’ gross passing income basis.
  6. CFM is the responsible entity of each of the underlying property trusts. Each underlying property trust is closed to investment.
  7. The Fund holds an indirect interest in the property via an investment in the underlying managed investment scheme, of which CFM is the responsible entity. The underlying scheme is closed to investment.
  8. 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.
Important Information

Units are issued by the Fund at a unit price determined in accordance with the Responsible Entity’s Unit Pricing Policy. Per the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority’s (APRA’s) Unit Pricing: Guide to Good Practice, investors will receive compensation for any material unit pricing errors. In accordance with these guidelines the Fund does not pay exited members compensation for material unit pricing errors where the amount of any compensation payable is less than $20.

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333 214 (CFM) has prepared this notice and is the responsible entity of, and the issuer of units in, the Cromwell Direct Property Fund ARSN 165 011 905 (Fund). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 17 November 2020 (PDS) and the target market determination (TMD). Applications for units in the Fund can only be made on the application form. The PDS, TMD and application form are issued by CFM and are available from www.cromwell.com.au/dpf or by calling Cromwell’s Investor Services Team on 1300 268 078. This content has been prepared without taking account of your objectives, financial situation or needs. In deciding whether to acquire or continue to hold an investment you should consider the PDS and TMD and assess, with (or without) your financial adviser, whether products fit your objectives, financial situation or needs. CFM and its related bodies corporate, and their associates, do not receive any remuneration or benefits for the general advice given in this notice. If you acquire units in the Fund, CFM and certain related parties may receive fees from the Fund and these fees are disclosed in the PDS.

Please note: Any investment, including an investment in the Fund, is subject to risk. If a risk eventuates, it may result in reduced distributions and/or a loss of some or all of the capital value of your investment. See the PDS for examples of key risks. Past performance is not indicative of future performance. Forward-looking statements in this notice are provided as a general guide only. Capital growth, distributions and tax consequences cannot be guaranteed. Forward-looking statements and the performance of the Fund are subject to the risks and assumptions set out in the PDS.