May, 2021
The Pendal Property Securities Fund (Fund) invests primarily in Australian listed property securities including listed property trusts, developers and infrastructure investments. In addition, up to 15% of the Fund can be invested in international listed property securities and around 5% of the Fund will generally be invested in unlisted property securities.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/173179421.pdfApril, 2021
The Pendal Property Securities Fund (Fund) invests primarily in Australian listed property securities including listed property trusts, developers and infrastructure investments. In addition, up to 15% of the Fund can be invested in international listed property securities and around 5% of the Fund will generally be invested in unlisted property securities.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/171818947.pdfMarch, 2021
The Pendal Property Securities Fund (Fund) invests primarily in Australian listed property securities including listed property trusts, developers and infrastructure investments. In addition, up to 15% of the Fund can be invested in international listed property securities and around 5% of the Fund will generally be invested in unlisted property securities.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/170128960.pdfFebruary, 2021
The Pendal Property Securities Fund (Fund) invests primarily in Australian listed property securities including listed property trusts, developers and infrastructure investments. In addition, up to 15% of the Fund can be invested in international listed property securities and around 5% of the Fund will generally be invested in unlisted property securities.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/168246544.pdfJanuary, 2021
The Fund outperformed for the month. Positive attribution came from overweight positions in Charter Hall Long WALE, Arena REIT, Stockland Group, Centuria Industrial and Ingenia Communities. Overweight positions in Charter Hall Group, Centuria Capital Group and Mirvac Group and underweight positions in Scentre Group and Irongate Group all detracted from performance.
Over the month, we increased our overweight positions in Unibail Rodamco Westfield, Ingenia REIT and National Storage Trust and funded this by increasing our underweight position in Goodman Group and reducing our overweight positions in Charter Hall Group and Mirvac Group
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/165767481.pdfDecember, 2020
The Fund outperformed for the month. Positive attribution came from overweight positions in Charter Hall Group, GDI Property Group and Arena REIT and underweight positions in GPT Group and Abacus Property Group. Overweight positions in Charter Hall Long WALE, Stockland Group and National Storage and underweight positions in BWP Trust and Waypoint REIT all detracted from performance.
Over the month, we increased our underweight positions in GPT Group and Goodman Group and reduced our overweight positions in Charter Hall Long WALE REIT, GDI Group and Stockland Group. We used the proceeds to increase our overweight in Unibail Rodamco Westfield and lift our cash balance.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/163562183.pdfNovember, 2020
The Fund underperformed for the month. Positive attribution came from underweight positions in Waypoint REIT, Cromwell Property Group, Goodman Group and National Storage REIT. Overweight positions in Charter Hall Long WALE, Centuria Industrial REIT and Arena REIT and underweight positions in Unibail Rodamco Westfield and Scentre Group all detracted from performance.
Over the month, we reduced our underweight positions in GPT Group and National Storage REIT and increased our overweight position in Mirvac Group. We also participated in the Centuria Industrial REIT equity raising. This was funded by reducing our overweight positions in Charter Hall Group, Goodman Group, Stockland Group and Charter Hall Long WALE. We also increased our underweight in Scentre Group.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/162696184.pdfOctober, 2020
The Fund underperformed for the month. Positive attribution came from underweight positions in Scentre Group, Dexus Property and Vicinity Centres and overweight positions in Charter Hall Retail REIT and Rural Funds Group. Overweight positions in Charter Hall Long WALE and Arena REIT and underweight positions in Unibail Rodamco Westfield, Shopping Centres Australia and GPT Group all detracted from performance.
Over the month, we reduced our overweight positions in Charter Hall Long WALE, Centuria Industrial REIT and Goodman Group and reduced our underweight positions in GPT Group and Vicinity Centres. We also participated in the Centuria Group equity raising.
File:ticker: BTA0061AU
commentary_block: Array
factsheet_url:
https://investmentcentre.moneymanagement.com.au/factsheets/mi/ltf6/pendal-property-securities
release_schedule: Monthly
fund_features:
Pendal Property Securities Fund aims to provide a return (before fees, costs and taxes) that exceeds the S&P/ASX 300 A-REIT (Sector) (TR) Index over the medium to long term. It is designed for investors who want the potential for long term capital growth and income, diversification across a broad range of primarily Australian listed property securities and are prepared to accept higher variability of returns.
- Invests in property securities including listed property trusts, developers and infrastructure investments.
- Up to 15% of the Fund can be invested in international listed property securities.
- Up to 5% may also be invested in unlisted property securities.
- The portfolio typically holds 15 – 30 stocks.
manager_contact_details: Array
asset_class: Property and Infrastructure
asset_category: Australian Listed Property
peer_benchmark: Property - Australian Listed Property Index
broad_market_index: ASX Index 200 A-REIT Index
structure: Managed Fund