- Monthly withdrawals1
- Low volatility
- Tax advantaged income stream with a strong yield
- Security through a seven year term
As at 31 December 20172
For investors looking for reliable monthly distributions from a diversified high quality commercial property portfolio with restricted monthly liquidity. The portfolio is also underpinned by long term leases to blue chip tenants.
|Objective||To provide investors with diversification and access to a strong income stream with capital growth potential3.|
|Overview||Provides exposure to property throughout Australia either directly or through investments in unlisted property trusts.4|
|Investments||The Fund currently delivers diversification across eight properties located throughout Queensland, Victoria, South Australia and the Australian Capital Territory.|
|Benchmark||Performance is benchmarked against the PCA / IPD Australia Unlisted Retail Property Fund Core Index.|
|Date commenced||August 2013|
|Withdrawal Amount||The amount available to meet withdrawal requests lodged in the month of December is: $844,186|
We plan to deliver on the Fund’s investment objective by investing directly, or through unlisted property trusts, 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 current portfolio provides investors with diversification across eight properties and access to a strong income stream, the majority of which is expected to be tax deferred.
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 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 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 update 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 29 September 2017 (“PDS”). The PDS is issued by CFM and is available from www.cromwell.com.au/dpf 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 update 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 update. 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 update 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.