SOUTH AFRICA - REITWAY ENHANCED GLOBAL PROPERTY PRESCIENT QI HEDGE FEEDER FUND

FUND ASSETS UNDER MANAGEMENT

65M @ 29/02/24

FUND OBJECTIVE

HIGH GROWTH

MINIMUM INVESTMENT

ZAR 1 Million

THE INVESTMENT OPPORTUNITY

The Reitway Enhanced Global Property Prescient QI 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 Enhanced Global Property Fund (MLT)  – a leveraged version of the Reitway Global master portfolio. The additional level of leverage can range from 0 - 30%.

The applicable interest rates are the Advances in Respect of Cash (above 3 months) + 1.25% for: 

  • EUR – Euribor
  • USD – Libor
  • GBP - Libor

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 Enhanced Global Property Fund (MLT) being a roll up fund, where the excess income earned over and above the cost of the interest is not taxed.

INVEST NOW

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.

BENEFITS

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
Daily NAV Pricing Process
  • Day 1: The portfolio NAV (in USD) is derived by applying the respective exchange rates to the individual REIT holdings at the New York close
  • Day 2: The portfolio NAV derived for the Day 1 closing prices is published at 13h00 SAST
  • Day 3: The administrator publishes the ZAR NAV by applying the ZAR/USD rate at 15h00 to the published recipient portfolio NAV of Day 2.
 

Inception date:
27 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 1 000 000

Annual portfolio management fee:
Class A: 0.55% (excl. VAT)
Class B: 0.35% (excl. VAT)

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

Total expense ratio:
Class A: 4.13
Class B: 4.11

Performance fee:
No Performance fees

Valuation time:
15h00 (CAT)

Transaction time:
14h00 (CAT)

 

LEI Number:
378900473AFA9B423081 

 

ISIN Number:
Class A: ZAE000251393
Class B: ZAE000251401

Investment Horizon:
3-5 years

Statement Frequency:
Quarterly 

Trustee:
Nedbank Investor Services

 

Administrator:
Prescient Fund Services 

PLATFORM / LISP AVAILABILITY