Termination Notice: Cromwell Phoenix Core Listed Property Fund (the Fund).

The Fund was terminated on 12 October 2018. All assets of the Fund have now been sold. Please click here for further information.

Interim Distribution

An interim distribution payment was made to Unitholders’ distribution accounts on 13 November 2018. The interim distribution payment amount was $1.0474273 per unit.

Final Distribution

Cromwell Funds Management Limited (CFM) as the Responsible Entity of the Fund expects to make a final distribution payment from the Fund on or around 30 June 2019. The final distribution is expected to be $0.0035 per unit*.

Further information

If you have any questions or would like to know more about the wind up of the Fund, please contact Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

* The final distribution is subject to several factors and approvals. The estimated final distribution is provided to Unitholders for guidance purposes only, is subject to change, and based on information available as at 13 November 2018 which CFM believes to be accurate. CFM makes no guarantee as to the amount of any final distribution.

Fund Details

For investors looking for both capital and income growth via exposure to a broad portfolio of ASX-listed securities invested in a wide range of office, retail, industrial, hotel and other property related assets.

Objective Over rolling three year periods the Fund aims to provide investors with:
  • A total return (after fees) in excess of the Benchmark
  • Lower volatility of total returns than the Benchmark
  • Monthly distributions that will grow over time
  • The opportunity for capital growth over time
Overview Provides exposure to large well-established Australian property securities listed on the ASX.
Investments Holds underlying investments including office, retail, industrial and hotel assets. The Fund may also invest in a selected range of other related assets such as infrastructure, property developers, property fund managers, international listed property securities, cash and fixed interest.
Benchmark Performance is benchmarked against the S&P/ASX200 A-REIT Accumulation Index.
Date commenced March 2015
Date terminated12 October 2018

Investment Strategy

The Fund offers investors a diversified exposure to a broad range of listed property and property related securities.

Individual stock positions can deviate from the Benchmark by plus or minus 5% for index stocks. Non-index stocks, which have an index weight of zero, can each represent up to a maximum of 5% of the Fund. Distributions are paid monthly or can be reinvested to compound growth. Daily withdrawals usually paid within five business days3.

Risk Disclosure

All investments carry risk. You should consider the Fund’s risks in light of your personal circumstances and your attitude towards risks.

The key risks of investing in the Fund are typical of the risks associated with managed investment schemes that invest in shares of Australian listed companies. It is important that you know that the value of your investment will go up and down over time, the Fund’s returns will vary over time, future returns may differ from past returns, and returns are not guaranteed. All of this means that there is always the chance that you could lose money on your investment.

As set out in Section 4 of the product disclosure statement dated 29 September 2017 (“PDS”), the significant risks for the Fund are security specific risk, market risk, legal and regulatory risk, manager risk, derivative risk, and liquidity risk.

You should read the important risk information in Section 4 of the PDS before making a decision. The material may change between the time when you read the PDS and the day that you acquire the product.

Risk level

CFM believes that the Fund’s risk level is medium. The risk of your investment falling in value over the short term is high when compared to investments in managed investment schemes that invest in asset classes such as cash or fixed interest securities. However, the Fund offers potentially more favourable returns over the medium to long term than cash or fixed interest securities. This is why the minimum suggested timeframe for an investment in the Fund is at least three to five years.