Diversified portfolio of direct and listed assets
Bias to income producing assets
The Alceon Australian Property Fund aims to provide investors with a combined return of recurring income, derived from either long term rental leases or a contracted nature, and enhanced returns from selected value add and development assets with some gearing.
The Fund comprises a hybrid portfolio of listed and unlisted property and infrastructure against a benchmark comprising 50% A-REITs and Listed Infrastructure and 50% Unlisted Property and Infrastructure.
Our listed portfolio style overlay screens for pure property and infrastructure characteristics and results in minimal exposure to development, currency risk and other ‘active’ earnings.
The unlisted portfolio comprises institutional-grade assets within a diversified portfolio of internally and externally managed funds that spans the risk spectrum. The target unlisted allocation is 70% Core, 20% Value Add and 10% Development.
As at 31 October 2023
|Month||Quarter||1 Year||3 Years||5 Years||Since inception**|
|Alceon Australian Property Fund (net of fees)||-2.40%||-6.20%||-2.10%||7.50%||6.00%||10.10%|
|Listed Infrastructure Index*||-5.50%||-16.80%||-10.50%||3.20%||4.70%||11.80%|
|Unlisted Property Index||0.40%||-1.40%||-4.30%||5.40%||3.70%||7.60%|
Past performance is not a reliable indicator of future performance.
Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised.
*A-REITs Index is the S&P/ASX 300 AREIT Accumulation index; Listed Infrastructure Index is a subset of S&P/ASX 200 Index infrastructure sub industries, as defined by the Global Industry Classification
Standard (GICS); Unlisted Property Index is the Mercer/IPD Australia Core Wholesale Property Fund Index
**Alceon Australian Property inception date – effective 7 November 2011. Performance numbers are NET and assume reinvestment of distributions.
1 Distributions are subject to distributable income.
How does it work?
The fund aims to provide investors with exposure to diversified portfolio of property and infrastructure.
The Fund invests directly into an actively managed portfolio of Property Securities and Infrastructure Securities, where most assets derive a high proportion of earnings from rental, recurring sources, or mature/contracted income.
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