South Africa - Prime Reitway Leveraged Global Property Retail Hedge Feeder Fund

Overview

 

Fund Asset Value

ZAR 36 million

Risk profile

High

Minimum Investment

ZAR 500 p/m

 

The investment opportunity

The Prime Reitway Leveraged Global Property Retail Hedge Feeder Fund is an investment product that provides investors with a geared exposure to a master portfolio of REITs and REIT-like equities, constructed by Reitway Global. The fund is a South African domiciled CIS hedge feeder fund investing in the Reitway Leveraged Global Property Portfolio (MLT)  – a leveraged version of the Reitway Global master portfolio. The additional level of leverage is 30%, managed in a band of 27% to 33%. 

Investors need to be aware that the gearing magnifies returns (and losses) and is aimed at those seeking geared upside to a Global Property portfolio.

In addition, investors benefit from the Reitway Leveraged Global Property Portfolio (MLT) being a roll up fund, where the excess income earned over and above the cost of the interest is not taxed.

Portfolio objectives

To provide investors with an exposure to the listed global property market through investments that have an ability to provide both high levels of income and long term capital growth.

The investment may be appropriate for you if

  • You expect Reitway Global Property Fund will generate income returns greater than the interest levied to fund the additional debt provided by the loan providers.
  • You are looking for an investment that offers geared upside (with the knowledge that gearing can also magnify any downside movements)
  • You want to invest offshore
  • You have an initial investment horizon in excess of three years (with immediate access to your funds if required)

The investment may not be appropriate for you if

  • You want 100% principal protection under all conditions
  • You want regular dividends and income
  • You do not wish to take credit risk on the loan providers
  • You do not wish to assume the risk of the downside gearing

 

Inception date:
7 November 2017
Portfolio category:
Global – Real Estate – General
Benchmark:
GPR 250 REIT NET TR Index

JSE code:
Class A: PRLPA
Class B: PRLPB

Minimum initial investment size:
ZAR 50 000

Annual management fee:
Class A: 1.10% (excl. VAT)
Class B: 0.90% (excl. VAT)

Bloomberg ticker:
Class A: PRLGPRA SJ
Class B: PRLGPRB SJ

Minimum monthly instalment:
ZAR 500
Performance fee:
No Performance fees

Valuation time:
15h00 (CAT)

Transaction time:
14h00 (CAT)

Total expense ratio:
Class A:
Class B: 

LEI Number:
Prime: 378900013B091A3F2641
Reitway: 378900473AFA9B423081 

 

ISIN Number:
Class A: ZAE000251393
Class B: ZAE000251401

Investment Horizon:
3-5 years

Statement Frequency:
Quarterly 

Custodian:
Societe General

 

Administrator:
Prime Investments