Cromwell Australian Property Fund
This Trust has been formally wound up in accordance with the Trust's constitution and the law as at 31 March 2020
About the Cromwell Australian Property Fund
For investors looking for access to all of Cromwell's property expertise. Accessing diversification, liquidity and exposure to both listed and unlisted property assets, all in a single fund.
Cromwell follows ASIC’s good practice guidance for website disclosure of material information. This means that all material information in relation to the Cromwell Phoenix Property Securities Fund will be posted on this webpage as soon as practicable after Cromwell becomes aware of it.
Developed to meet demand from investors and financial advisers for a diversified property investment that incorporates Cromwell’s proven expertise in both listed and unlisted property.
Clear asset allocation and investment limits established to ensure the Fund has prudent exposure to both listed and unlisted assets at any given time, as well as enough readily-realisable assets to maintain appropriate liquidity.
Constructed to provide a tax advantage monthly distribution plus potential for capital growth1, by investing in a portfolio of listed and unlisted property investments. The Fund initially held units in the Cromwell Phoenix Property Securities Fund (PSF) and the Cromwell Direct Property Fund (DPF)2.
PSF provided the Fund with exposure to listed property securities that are predominantly Australian Real Estate Investment Trusts (A-REITs) listed on the ASX. PSF is an award-winning Fund and is one of the top performing property securities funds in Australia.
DPF provided the Fund with exposure to property throughout Australia either directly or through investments in unlisted property trusts. The Fund invests in non-residential Australian property with a primary focus on high quality commercial, industrial and retail property leased to government and blue chip tenants on long leases.
The Fund may also hold up to 30% of assets in cash.
Listed property securities and unlisted direct property investments.
Benchmarked against a combination of indices due to their relevance to the Fund’s underlying investment portfolio and strategy. See the PDS dated 29 September 2017 for details.
This Trust has been formally wound up in accordance with the Trust’s constitution and the law as at 31 March 2020.
- Capital growth, distributions and tax consequences cannot be guaranteed. The performance of the Fund is subject to the risks and assumptions set out in the PDS. The proportion of distributions that are tax deferred will depend on a number of factors (for example, building amortisation and depreciation of plant and equipment) and may vary from year to year. Deferred tax may be payable, in whole or in part, on the sale, transfer or redemption of units in the Fund.
- CFM is the responsible entity of both the Cromwell Phoenix Property Securities Fund ARSN 129 580 267 and the Cromwell Direct Property Fund ARSN 165 011 905.
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 333214 (“CFM”) has prepared this notice and is the responsible entity of, and the issuer of units in, the Cromwell Australian Property Fund ARSN 153 092 516 (“Fund”). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 29 September 2017 (“PDS”). The PDS is issued by CFM and is available from www.cromwell.com.au/apf or by calling Cromwell’s Investor Services team on 1300 268 078. Applications for units in the Fund can only be made on the application form accompanying the PDS. This notice has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and assess, with or without your financial or tax adviser, whether the Fund fits 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 a reliable indicator 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.