Fund closed to new applications and redemptions
Launched in March 2007, the Fund targets a monthly income distribution, of between 7.5% to 8.5% per annum and capital stability on invested funds.
The Fund is an open-ended unlisted trust which substantially invests into unlisted and listed property trusts managed by a range of quality property fund managers.
As at 30 June 2010, the Fund size was circa $39.5 million (audited), providing investors with indirect exposure to:
- 28 unlisted property funds 1
- 8 listed property trust
- 21 different property fund managers
- 4 property sectors
- over 1000 underlying property assets
The Fund has two classes of units on issue:
- Income Units, which are issued to new investors into the Fund
- Ordinary Units, which were issued to the ASX listed Multiplex Acumen Property Fund (MPF) in March 2007 as consideration for providing the Fund's $30.1 million seed investment portfolio.
Key Features
- Monthly income returns
- Unique income and capital protection measures
- No direct mortgage or property development exposure
- Strong diversification
- Experienced manager with strong track record
- No management fees, entry fees or exit fees
Key Information as at 30 June 2010
|
| Open date: |
13 March 2007 |
| Closing date: |
29 September 2008 |
| Funds under management: |
$39.5 million |
| Net Tangible Asset (NTA): |
0.742 |
| Distributions: |
Refer to Distribution History and Distribution Updates |
| Management fee per annum: |
Nil, for as long as Brookfield Multiplex remains as responsible entity |
| Operating expenses: |
Nil |
| APIR Code: |
MLP0002AU |
1. Includes Rubicon American Trust, Rubicon Europe Trust and Rubicon Japan Trust that were listed on the Australia Stock Exchange but are now delisted.
2. For Income Units.
Important Notice:
Past performance is no indication of likely future performance. All figures are unaudited unless otherwise indicated.