Cromwell Phoenix Property Security Fund
Listed property securities via a multi award-winning manager
TOTAL RETURNS - ANNUALISED SINCE INCEPTION1
UNIT PRICEUnit Price History
BENCHMARK OUTPERFORMANCE SINCE INCEPTION2
Access to boutique investment manager, Phoenix Portfolios
Long-term outperformance of the Benchmark Index2
Research philosophy enables the Fund to diversify the exposure and gain a bigger slice of smaller, more attractively priced securities
This award winning Cromwell Phoenix Property Securities Fund (Fund) is one of the top performing property securities funds in Australia, with underlying investments chosen by investment manager, Phoenix Portfolios.
|Objective||The Fund aims to deliver a total return (after fees) in excess of the S&P/ASX 300 A-REIT Accumulation Index over three to five years, with lower overall volatility of capital|
|Investment strategy||Phoenix seeks to achieve the Fund's investment objective by choosing attractively priced securities determined by fundamental bottom-up analysis. It will use detailed yet standardised financial models, allowing a large number of securities to be researched, compared on a relative value basis and updated to capture changes in individual securities and markets|
|Investments||The Fund will invest primarily in Australian property securities listed on the ASX, which hold underlying investments including office, retail, industrial and hotel assets. The Fund may also invest in a selected range of other assets including international listed property securities, cash and fixed interest, as well as a range of property-related securities such as interests in infrastructure funds and property development companies.|
|Benchmark||S&P/ASX300 A-REIT Accumulation Index|
|Date commenced||April 2008|
|Investment manager||Phoenix Portfolios Pty Ltd3|
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 16 December 2021 (PDS) and the Additional Information Document dated 16 December 2021 (AID), the significant risks for the Fund are security specific risk, market risk, legal and regulatory risk, manager risk, derivative risk, liquidity risk, pandemic related risk, and ESG risk. You should read the important risk information in Section 4 of the PDS and AID before making a decision. The material may change between the time when you read the PDS and the day that you acquire the product.
Cromwell Funds Management believes 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.
You should consider the PDS and TMD before deciding whether to invest of hold units in the Fund.Product Disclosure Statement (PDS) – 16 December 2021 Additional Information Document (AID) - 16 December 2021 Target Market Determination (TMD) Apply Online
(AUSTRALIAN INVESTORS ONLY)Investor Application Forms Additional Units Application Form Product Flyer Latest Investment Report Investment Performance Summary Annual Financial Report June 2021 Half Year Financial Report 2021
About Phoenix Portfolios
Established in 2006, Phoenix Portfolios (Phoenix) is a boutique equity investment manager which has built a strong track record across a variety of A-REIT mandates, property securities funds and microcap securities, culminating in numerous industry awards.
Phoenix seeks to be an expert in niche sectors of the market with a focus on in-depth research to develop a knowledge-based competitive edge. Fundamental research, conducted by a highly experienced and stable investment team, has also enabled solid long-term relationships to be developed with the management teams and boards of investee companies, improving the quality and robustness of the research process.
Phoenix Portfolios is jointly owned by staff and an entity within ASX-listed Cromwell Property Group (Cromwell). Joint ownership with staff promotes long-term stability and a strong alignment of interest between employees and investors. Cromwell is an active participant in direct property markets and provides valuable insights into the Phoenix research process.
Phoenix has outsourced all non-investment functions to specialist providers, enabling the team to focus solely on investment activities.
Portfolio Manager, Cromwell Phoenix Property Securities Fund
Stuart Cartledge is the Managing Director of Phoenix Portfolios and the portfolio manager for each of the company’s property portfolios/funds. Prior to establishing the business in 2006, Stuart had built a very strong track record in the listed property security asset class in his role as Head of Property Securities at Citigroup Asset Management. Stuart has been actively managing portfolios of domestic securities since 1993 and was instrumental to building the A-REIT business at Citigroup. Stuart holds a master’s degree in engineering and Management from the University of Birmingham and is a Chartered Financial Analyst.
How to apply
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.
Jonathan has 20 years’ experience in equities markets and investing. He is responsible for maintaining relationships with Cromwell’s direct retail investors.
T: 1300 268 078
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