Overview

How is this fund different to others?

Kiwis love property. This fund provides a diversified investment into eight listed Real Estate Investment Trusts, who own and manage commercial property portfolios. This includes office buildings, industrial estates and shopping malls. Leveraging at an average of 30%, the underlying companies provide a varied exposure to over 300 properties throughout New Zealand. This fund can provide a regular income stream, however unlike bonds, the distributions are not guaranteed and valuations will vary with the business cycle. This fund tracks the S&P/NZX Real Estate Select index.

Holdings

As at May 31, 2022

Company	Country	Industry	Weight
Vital Healthcare	NZ	Office REITs	17.25%
Goodman Property Trust	NZ	Diversified REITs	17.24%
Property for Industry	NZ	Retail REITs	15.85%
IP Investore Property	NZ	Healthcare REITs	13.52%
Argosy Property	NZ	Industrial REITS	12.14%
Precinct Properties	NZ	Diversified REITs	10.36%
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Performance

• Range of returns

  -16.29%

  VS

  51.66%

  The best and the worst 12 month returns in 5 years to the end of March 2022*

• Growth of $10k

  $15,176

  For the 5 years to May 2022, you would be up 51.76%*

• Investment Objective

  Growth & Income

  The fund is designed to provide long-term capital growth and income generation.

*These are the gross index returns, not including fees or taxes.

Risk

The risk indicator reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The lowest risk rating doesn’t mean “risk-free” and this risk indicator is not a guarantee of a Fund’s future performance.