Nuveen Global Cities Private RE I - Managed Fund

Fund Objective

The Underlying REIT invests primarily in stabilized, income-oriented commercial real estate. The Underlying REIT invests in a diversified portfolio of high quality, stabilized, income-orientated commercial real estate with good fundamentals (i.e. core real estate) located in or around certain global cities that have been identified, through Nuveen Real Estate’s research and filtering process, for their resilience, structural performance potential and ability to deliver an attractive and stable distribution yield.

Fund Strategy

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.02%	-0.24%	0.63%	1.74%	2.6%	-%	-%	-%
Growth return	0.15%	-0.98%	-1.42%	-2.83%	-1.93%	-%	-%	-%
Income return	-0.13%	0.74%	2.05%	4.57%	4.53%	-%	-%	-%
Market index (UBS Global Investors Ex AUS NR Hdg AUD)
Total return	-0.66%	-3.15%	4.21%	14.82%	13.19%	16.95%	16.58%	7.77%

As at 31 Dec 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Nuveen Global Cities Private RE I

Cash: 6.59%

Alternatives: 93.41%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Average Allocation of Peers

Cash: 2.34%

Alternatives: 0.83%

Australian Equities: 1.74%

International Equities: 14.07%

Property & Infrastructure: 80.97%

Fixed Interest: 0.05%

General Information

Fund Details

Type	Description
Fund Name	Nuveen Global Cities Private RE I
APIR Code	PIM0045AU
Sector/Asset Class	Equity Global Real Estate
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Jun 2023
Fund Size	$41060519 million (as at 31 Dec 2025)
Entry Price	$0.9088 (as at 31 Dec 2025)
Exit Price	$0.9088 (as at 31 Dec 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.65% (as at 26 Nov 2025)
Minimum initial investment	$100,000
Minimum additional investments	$25,000

Top 10 holdings (as at 31 Oct 2025)

Holding (as at 31 Oct 2025)	Type	% of Portfolio
Nuveen Real Estate Global Cities Advisors Llc. - Class I		96.10%

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FAQs about the Nuveen Global Cities Private RE I

What is the objective of the Nuveen Global Cities Private RE I managed fund?

The objective of the Nuveen Global Cities Private RE I managed fund is The Underlying REIT invests primarily in stabilized, income-oriented commercial real estate. The Underlying REIT invests in a diversified portfolio of high quality, stabilized, income-orientated commercial real estate with good fundamentals (i.e. core real estate) located in or around certain global cities that have been identified, through Nuveen Real Estate’s research and filtering process, for their resilience, structural performance potential and ability to deliver an attractive and stable distribution yield.

What is the strategy for the Nuveen Global Cities Private RE I managed fund?

The strategy of the Nuveen Global Cities Private RE I managed fund is The Underlying REIT invests primarily in stabilized, income-oriented commercial real estate. The Underlying REIT invests in a diversified portfolio of high quality, stabilized, income-orientated commercial real estate with good fundamentals (i.e. core real estate) located in or around certain global cities that have been identified, through Nuveen Real Estate’s research and filtering process, for their resilience, structural performance potential and ability to deliver an attractive and stable distribution yield.

What is the APIR code of the Nuveen Global Cities Private RE I managed fund?

The APIR code of the Nuveen Global Cities Private RE I managed fund is PIM0045AU.

What was Nuveen Global Cities Private RE I’s total return last month?

Nuveen Global Cities Private RE I’s total return last month was 0.02%. This was made up of a growth return of 0.15% and an income return of -0.13%. These returns were calculated as at 31 Dec 2025.

What was Nuveen Global Cities Private RE I’s total return for the last three months?

Nuveen Global Cities Private RE I’s total return for the last three months was -0.24%. This was made up of a growth return of -0.98% and an income return of 0.74%%. These returns were calculated as at 31 Dec 2025.

What is Nuveen Global Cities Private RE I’s one-year total return?

Nuveen Global Cities Private RE I’s one-year total return is 1.74%. This was made up of a growth return of -2.83% and an income return of 4.57%. These returns were calculated as at 31 Dec 2025.

What is Nuveen Global Cities Private RE I’s three-year total return?

Nuveen Global Cities Private RE I’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Dec 2025.

What is the asset allocation of the Nuveen Global Cities Private RE I managed fund?

The asset allocation of the Nuveen Global Cities Private RE I managed fund is :

Cash: 6.59%

Alternatives: 93.41%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

What sector/asset class does the Nuveen Global Cities Private RE I managed fund belong to?

The Nuveen Global Cities Private RE I managed fund belongs to the Equity Global Real Estate sector/asset class.

What is the size of the Nuveen Global Cities Private RE I managed fund?

As at 31 Dec 2025, the size of the Nuveen Global Cities Private RE I managed fund was $41060519 million.

What is the inception date of the Nuveen Global Cities Private RE I managed fund?

The Nuveen Global Cities Private RE I managed fund has an inception date of 1 Jun 2023.

What is the current entry price of the Nuveen Global Cities Private RE I managed fund?

The current entry price of the Nuveen Global Cities Private RE I managed fund is $0.9088 per unit and the current exit price is $0.9088 per unit (as at 31 Dec 2025).

What is the current exit price of the Nuveen Global Cities Private RE I managed fund?

The current exit price of the Nuveen Global Cities Private RE I managed fund is $0.9088 per unit and the current entry price is $0.9088 per unit (as at 31 Dec 2025).

What is the minimum investment amount for the Nuveen Global Cities Private RE I managed fund?

The minimum initial investment amount for the Nuveen Global Cities Private RE I managed fund is $100,000. Minimum additional investment is $25000.

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.

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