- Access to Phoenix Portfolios Pty Ltd
- Funds under Management Capped
- Diversified Portfolio
- Benchmark Unaware Portfolio
- Low fees
|June Distribution payment||17 July 2020|
|June Quarterly Statement||31 July 2020|
|AMMA (tax) Statement released||31 July 2020|
This award winning 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.|
|Overview||This award winning Fund is one of the top performing property securities funds in Australia.|
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 listed property related securities, international listed property securities, cash and fixed interest.
|Benchmark||S&P/ASX300 A-REIT Accumulation Index|
|Date commenced||April 2008|
The Fund provides investors with exposure to a broad range of Australian Securities Exchange listed property stocks which hold underlying investments including office, retail, industrial and hotel assets.
The Fund will not be constrained by benchmark considerations and instead will be managed in a ‘benchmark unaware’ manner.
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”) and the Additional Information Document dated 29 September 2017 (“AID”), 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 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.
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.
Direct investors are required to complete and return the application form accompanying the PDS and pay their nominated investment amount.
If you have any questions regarding the Fund, or would like to order a PDS, please contact your financial adviser or Cromwell Investor Services directly on 1300 268 078 or email email@example.com.
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 Phoenix Property Securities Fund ARSN 129 580 267 (“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/psf or by calling Cromwell's Investor Services team on 1300 268 078. 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. Phoenix Portfolios Pty Ltd ABN 80 117 850 254 AFSL 300302 (“Phoenix”) is the investment manager of the Fund. None of CFM, Phoenix, nor their related entities, directors or officers makes any promise or representation, or gives any guarantee as to the success of the Fund, distributions, the amount you will receive on withdrawal, your income or capital return or the tax consequences of investing.
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.