Fund Profile: Hedged Index Global Real Estate Secs

Key Information

APIR codeMAQ0830AU
StatusOpen
Asset classEquity Global Real Estate
Responsible EntityMacquarie Investment Management Aus Ltd.
Fund ManagerMacquarie Investment Management Aus Ltd.
Product typeRetail
Legal typeOpen end
Fund inception16 Oct 2012
Fund size$451,112,993
Entry / exit price (2020-02-29)$1.2029 / $1.1957
Minimum initial$0
Distribution frequencyQuarterly

PDS Objective

The Fund provides exposure to the performance of the FTSE EPRA/NAREIT Developed Index Net Total Return Index (hedged in AUD) (Index). It aims to generate capital growth and income.

What is this fund?

The Fund gains exposure to the performance of the Index by investing in the Macquarie True Index Global Real Estate Securities Fund. Macquarie is the responsible entity of the Underlying Fund, which is also managed by the Investment Manager. The Underlying Fund is designed to result in pre-tax returns for investors that equal1 the returns provided by the Index and seeks to achieve this by investing in shares, derivatives and cash, either directly or through Underlying funds that are managed by members of the Macquarie Group.

What this rating means?

Outstanding : Highly suitable for inclusion on APLs. The fund most often outperforms its peers and benchmark. In all cases the fund is operating to its mandate and product disclosure statement (PDS). There are no corporate governance issues. Management is extremely experienced and skilled and has access to significant resources.

Fees

Management Fee % PA0.0000
ICR % PA0.0000
Entry / Exit %0.0000/0.0000
Switching %0.0000
Buy / Sell Spread 0.30% / 0.30%