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 October 31, 2023

Company	Country	Industry	Weight
Precinct Properties New Zealand Limited	NZ	Office REITs	17.69%
Goodman Property Trust	NZ	Industrial REITs	17.36%
Kiwi Property Group Limited	NZ	Retail REITs	15.20%
Property for Industry Limited	NZ	Industrial REITs	13.14%
Vital Healthcare Property	NZ	Health Care REITs	11.97%
Argosy Property Ltd	NZ	Diversified REITs	11.14%
1 2 Logos provided by Clearbit

Performance

• Range of returns

  -22.32%

  VS

  51.66%

  The lowest and highest 12 month returns, in 5 years to the end of October 2023*

• Growth of $10k

  $11,516

  For the 5 years to 31 October 2023, an investment of $10,000 would be up 15.16%*

• 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.