- Tax advantaged monthly distribution
- Potential for capital growth
As at 31 March 20181
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 the one single fund.
|Objective||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|
|Overview||We have established clear asset allocation and investment limits 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|
|Investments||Listed property securities and unlisted direct property investments.|
|Benchmark||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.|
|Date commenced||September 2013|
The Fund has been constructed to provide a tax advantaged monthly distribution plus potential for capital growth2, by investing in a portfolio of listed and unlisted property investments. The Fund will initially hold units in the Cromwell Phoenix Property Securities Fund (“PSF”) and the Cromwell Direct Property Fund (“DPF”)3.
PSF provides the Fund with exposure to listed property securities that are predominantly Australian Real Estate Investment Trusts (“A-REITs”) listed on the ASX. Over time, the Fund may also invest in other property securities funds or hold listed property securities directly.
PSF is an award-winning Fund and is one of the top performing property securities funds in Australia. PSF is now closed to new investment, with the Cromwell Australian Property Fund the only way gain exposure to the PSF.
DPF provides 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.
An investment in this Fund is subject to risk. Capital growth, distributions and tax consequences cannot be guaranteed.
In the product disclosure statement dated 29 September 2017 (“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 for further details.
Direct investors are required to complete and return the application form contained in the PDS and pay their nominated investment amount.
If you have any questions, or would like to order a PDS, please contact your financial adviser or Cromwell on 1300 276 693 or email firstname.lastname@example.org
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 Investor Services on 1300 276 693. 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.
1 Based on the distribution for the month ending 31 March 2018 (annualised) and the unit price as at 31 March 2018. Please see historical distributions for further information. Future distributions may vary between months.
2 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.