Please note this fund is temporarily closed to applications and redemptions.
Similar to the The Pentacle Diversified Property Fund, but with access to funds 3 days after the processing of a Redemption Notice.
The Pentacle Diversified Property Fund - Enhanced ("Pentacle DPF - Enhanced") is designed to achieve a diversified exposure across the retail, office and industrial sectors, with a small and limited allocation to the special opportunity and development sectors for diversification and return enhancement. The funds' investments are primarily unlisted vehicles managed by the 'core' specialist managers listed below although the Manager has scope to invest in listed property trusts to enhance liquidity and to ensure that the funds are exposed to property assets at all times.
Pentacle DPF - Enhanced is offered as a separate fund similar in investment nature to Pentacle DPF.
Pentacle DPF - Enhanced Unit Price (as at 01-01-1970).
| Application Price | |
|---|---|
| Mid Price | |
| Redemption Price |
Strategic Asset Allocation
| Asset Allocation | Range | Neutral |
|---|---|---|
| Retail property | 30 - 60% | 42.75% |
| Office property | 20 - 50% | 33.25% |
| Industrial property | 5 - 25% | 14.25% |
| Special opportunity/development | 0 - 10% | 4.75% |
| Listed property trusts | 0 - 30% | 5.00% |
The fund also has a target international exposure of 20% - 40% of assets with a neutral position of 30%. Foreign exchange exposure resulting from international investments will be substantially hedged (including both the initial equity investment and distributions).
Redemptions from the Pentacle DPF - Enhanced will be met within three days of the Processing Day. The Processing Day will be the day after the Redemption Notice has been received. The Exit Price applicable to the withdrawal will be the Unit Price less the sell spread.
Pentacle DPF - Enhanced
| Fund Size | Uncapped (subject to available redemption facilities) |
|---|---|
| Total Return objective (post-fees) | To perform as well as any unlisted property index after costs with significant tax deferred benefits |
| MER (GST inclusive) | 1.16% |
| Unit Prices | Daily |
| Redemption | 3 Days |
| Distributions | Quarterly |
