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  5. BlackRock Direct Property Wholesale - Managed fund profile

BlackRock Direct Property Wholesale - Managed Fund (Closed)

Fund Objective
The primary aim of the Fund is to provide investors with exposure to a diversified portfolio of direct property investments by selectively acquiring quality investment properties which provide a blend of income and capital growth. We aim to achieve this objective and outperform the Mercer Unlisted Property Funds Index (before fees and taxes) over rolling five year periods.
Fund Strategy
The Property Trust is invested predominately in a portfolio of direct property and may also invest up to 25% of its assets in unlisted property trusts. The aim is to grow the Property Trust by prudent acquisition of traditional investment grade properties. Where deemed appropriate, redevelopment of existing or newly acquired properties may be undertaken following detailed feasibility studies being carried out, taking account of tenancy pre-commitments.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.6% 0.35% 2.44% 1.07% 3.47% 4.9% -2.11% -%
Growth return 0.6% -2.29% -1.85% -5.94% -3.23% -2.14% -8.14% -%
Income return 0% 2.64% 4.29% 7.01% 6.7% 7.04% 6.03% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return -2.51% 4.46% 14.2% 52.18% 21.11% 8.02% 6.24% 9.27%
As at 31 Oct 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

BlackRock Direct Property Wholesale
Cash
7.27%
Property
92.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
1.83%
Property
95.02%
Australian Equities
2.12%
International Equities
0.75%
Fixed Interest
0.25%
Alternatives
0.04%

General Information

Fund Details
Type Description
BlackRock Direct Property Wholesale
Closed
BlackRock Investment Mgmt (AUS) Ltd
MAL0010AU
Unlisted and Direct Property
starstarstar (as at 28 Feb 2011)
Investment Fund
2 Apr 2004
$4.21 million (as at 31 May 2013)
n/a
$0.67469 (as at 17 Jun 2013)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.07% (as at 30 Jun 2011)
Minimum initial investment $25,000

Top 10 holdings (as at 30 Jun 2009)

Holding (as at 30 Jun 2009) Type % of Portfolio
Lonsdale Property 30.53%
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FAQs about the BlackRock Direct Property Wholesale

The objective of the BlackRock Direct Property Wholesale managed fund is The primary aim of the Fund is to provide investors with exposure to a diversified portfolio of direct property investments by selectively acquiring quality investment properties which provide a blend of income and capital growth. We aim to achieve this objective and outperform the Mercer Unlisted Property Funds Index (before fees and taxes) over rolling five year periods.

The strategy of the BlackRock Direct Property Wholesale managed fund is The Property Trust is invested predominately in a portfolio of direct property and may also invest up to 25% of its assets in unlisted property trusts. The aim is to grow the Property Trust by prudent acquisition of traditional investment grade properties. Where deemed appropriate, redevelopment of existing or newly acquired properties may be undertaken following detailed feasibility studies being carried out, taking account of tenancy pre-commitments.

The APIR code of the BlackRock Direct Property Wholesale managed fund is MAL0010AU.

BlackRock Direct Property Wholesale’s total return last month was 0.6%. This was made up of a growth return of 0.6% and an income return of 0%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Property Wholesale’s total return for the last three months was 0.35%. This was made up of a growth return of -2.29% and an income return of 2.64%%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Property Wholesale’s one-year total return is 1.07%. This was made up of a growth return of -5.94% and an income return of 7.01%. These returns were calculated as at 31 Oct 2012.

BlackRock Direct Property Wholesale’s one-year total return is 4.9%. This was made up of a growth return of -2.14% and an income return of 7.04%. These returns were calculated as at 31 Oct 2012.

The asset allocation of the BlackRock Direct Property Wholesale managed fund is :

Cash
7.27%
Property
92.73%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the BlackRock Direct Property Wholesale managed fund is BlackRock Investment Mgmt (AUS) Ltd.

The BlackRock Direct Property Wholesale managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 31 May 2013, the size of the BlackRock Direct Property Wholesale managed fund was $4.21 million.

The BlackRock Direct Property Wholesale managed fund has an inception date of 2 Apr 2004.

The current entry price of the BlackRock Direct Property Wholesale managed fund is $ per unit and the current exit price is $0.67469 per unit (as at 17 Jun 2013).

The current exit price of the BlackRock Direct Property Wholesale managed fund is $0.67469 per unit and the current entry price is $ per unit (as at 17 Jun 2013).

The minimum initial investment amount for the BlackRock Direct Property Wholesale managed fund is $25,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.