Charter Hall Maxim Property Securities Fund
Charter Hall Maxim Property Securities Fund – Daily Pricing
|As at 16/01/2019||$A|
Charter Hall and Folkestone are now one
One Managed Investment Funds Limited (Responsible Entity) as the responsible entity of the Charter Hall Maxim Property Securities Fund (formerly Folkestone Maxim A-REIT Securities Fund) ARSN 116 193 563 (Fund) notes the announcement made by Charter Hall Group (ASX:CHC) that it has completed the acquisition of Folkestone Limited. As a result, the name of Folkestone Maxim A-REIT Securities Fund has changed to Charter Hall Maxim Property Securities Fund and a new Product Disclosure Statement, Additional Information Booklet and Application Form have been issued by the Responsible Entity and are available on www.oneinvestment.com.au/charterhallmaxim. Also the name of the Investment Manager of the Fund, Folkestone Maxim Asset Management Limited has changed to Charter Hall Property Securities Management Limited.
As part of the transaction, the Fund’s investment team led by Winston Sammut and the two portfolio managers, Amy Pham and Jonathan Kriska, have transferred across to Charter Hall and continue to manage the Fund with no changes to the mandated strategy, ensuring minimal disruption to the on-going operation of the Fund.
The Charter Hall Maxim Property Securities Fund (formerly Folkestone Maxim A-REIT Securities Fund) is a high conviction, actively managed fund, that gives investors exposure to a mix of quality listed A-REITs that own assets across the retail, residential, commercial, industrial and real estate related social infrastructure sectors.
The aim is to outperform the S&P/ASX 300 A-REIT Accumulation Index by 1.5% p.a. over rolling 3 year periods whilst also aiming to achieve a balance between growth in the value of your Units as well as income from your investment. The returns from the Fund are not guaranteed.
The Charter Hall Maxim Property Securities Fund utilises a disciplined investment process combining in-depth fundamental research with disciplined portfolio construction and risk controls to add consistent value over time. The basic premise of Charter Hall Maxim Property Securities Fund’s investment philosophy is that there is a close relationship between the real estate market cycle and the economic cycle.
Download a PDS
Continuous Disclosure Notices
Please see the Fund Ratings page for the latest ratings on the Fund.
The Charter Hall Maxim Property Securities Fund is available on the following platforms:
Colonial First State FirstWrap
Macquarie Wrap Solutions
Benefits of Investing in the Fund
The Investment Manager, Charter Hall Maxim Property Securities Fund, has extensive experience in managing real estate securities as well as having access to Charter Halls direct real estate expertise.
Exposure to Real Estate
Provides access to a diversified portfolio of quality ASX listed real estate securities which own office, retail, industrial, residential and real estate related social infrastructure assets.
High Conviction, Active Strategy
Securities are selected on a concentrated portfolio built on individual merit and not by benchmark weights.
Strategic Capacity Limit
Charter Hall Maxim Property Securities Fund has set a capacity limit of 1.0% of the market capitalisation of the S&P/ASX 300 A-REIT Index to enable the Fund to take active positions in smaller securities and allow more efficient management of re-weightings between individual securities.
Distributions are paid quarterly or can be reinvested into the Fund.
Investing in listed A-REITs provides greater liquidity than investing in direct real estate.
The investment process begins with a top-down analysis of economic environment and each of the major real estate sectors and geographic sub-markets. We believe the integration of quality research or the economic environment, capital markets and market pricing trends is critical to our decision making framework and gives us the ability to add value by identifying investment opportunities ahead of the market. The approach includes estimates of their yield, the net present value, net tangible assets, and gearing. Qualitative factors are also evaluated, including asset quality and management. The combination of our research and proven investment process ensures we maintain our high conviction approach to the management of the Fund, and avoid being labelled an Index hugger.
|KEY FEATURES||FEES AND CHARGES||KEY PARTIES|
|Investment Objective: To outperform the S&P/ASX 300 A-REIT Accumulation Index by 1.5%pa over rolling 3 year periods.||Management Fees: 0.95% p.a. of the Gross Asset Value (GAV) of the Fund up to $50 million and 0.85% p.a. of the GAV above $50 million||Responsible Entity/Custodian: One Managed Investment Funds Limited AFSL 297042 ABN 47 117 400 987|
|Investment Time Horizon: Suggested 3 years||Entry/Exit Fees: Nil||Investment Manager: Charter Hall Maxim Property Securities Fund|
|Minimum investment: $5,000||Buy/Sell Spread: 0.25%/0.25%||Registrar/Fund Administrator:Mainstream Fund Services Pty Ltd (formerly Fund BPO Pty Ltd) ABN 81 118 902 891|
|Distributions Quarterly: usually as at 31 March, 30 June, 30 September and 31 December|
Awarded the Australian Property Securities Fund Manager Of The Year For 2018, the Charter Hall Maxim Property Securities Fund (formerly Folkestone Maxim A-REIT Securities Fund) is a high conviction, actively managed fund, that gives investors exposure to a mix of quality listed A-REITs that own assets across the retail, residential, commercial, industrial and real estate related social infrastructure sectors.
Request a PDS
To receive a copy of the Product Disclosure Statement please register here:
Charter Hall Property Securities Management Limited (formerly Folkestone Maxim Asset Management Limited)
Tel: +61 2 8667 2800
Distributions are paid Quarterly, usually as at 31 March, 30 June, 30 September and 31 December.
|As At||Amount in Cents per Unit||Payment Date|
Request A Research Report
Below are Fund Ratings received from research houses. Research reports are for financial services professionals only and are not suitable for retail investors or the general public. If you are a financial advisor and would like a copy of a report, please click the link below.
Lonsec Research has provided the Folkestone Maxim A-REIT Securities Fund with a “Recommended” Rating.
Disclaimer: The Lonsec Rating assigned in March 2017 presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Folkestone Maxim Asset Management products, and you should seek independent financial advice before investing in this product. The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document following publication. Lonsec receives a fee from the Fund Manager for researching the product using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings
Atchison Consultants have researched the Folkestone Maxim A-REIT Securities Fund and have provided a Highly Recommended Rating.
The “Highly Recommended” Rating should be read in conjunction with their Financial Services Guide (FSG).
Please click here to view the Media Announcement for the Highly Recommended Rating from Atchison Consultants.
Disclaimer: Atchison Consultants recommend that investors read the detailed information contained in the Product Disclosure Document. Investors should read the Analyst Interest and Certification, Warning (General Advice Only) and Disclosure (Commissioned Research) in the Recommended Ratings Report.
SQM Research has provided the Folkestone Maxim A-REIT Securities Fund with a Superior 4.25 Star Rating.
Disclaimer: The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
Please click here to view the Media Announcement for the Superior Rating from SQM.
Morningstar has provided the Folkestone Maxim A-REIT Securities Fund with an Overall 4 Star Rating.
Morningstar Definition: The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.
Folkestone Maxim A-REIT Securities Fund received a 4-Star Overall Morningstar Rating™ as at 28-02-2018.© 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.
Overall rating out of 124 Equity Australia Real Estate funds as of 28 Feb 2018.
The Folkestone Maxim A-REIT Securities Fund (Folkestone Maxim) has been awarded a FE Crown Fund Rating of 5.
FE Crown Fund Ratings are a quantitative measure covering the hundreds of thousands of investment instruments available worldwide. It enables investors to distinguish between funds that are strongly outperforming their benchmark and those that are not.
Only the top 10% of funds score highly enough to be awarded 5 FE Crowns. Recognising an outstanding achievement in three key measurement areas, an FE Crown Fund Rating of 5 is a powerful symbol of quality, representing a fund’s demonstrable ability to add long term value whilst managing risk in a highly effective manner.
© 2018 FE. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE does not guarantee that a fund will perform in line with its FE Crown Fund Rating as it is a reflection of past performance only. Likewise, the FE Crown Fund Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.
Fund Performance to 30 June 2018
|Charter Hall Maxim Property
|Total Return (After Fees but Before Tax)**||+1.69||-0.93||+3.33||+9.78||+14.27||+13.15||+5.09|
|S&P/ASX 300 A-REIT Accumulation Index||+1.73||-1.71||+3.27||+7.55||+12.53||+10.66||+3.91|
*Fund inception date October 2005. **Please note the Fund’s management fee was reduced on 16 May 2014. The Fund’s after fees but before tax performance only reflects the new management fee from this date. Past performance is not a reliable indicator of future performance.
Historical Unit Prices
|NET ASSET Value per Unit||NET ASSET Value per Unit|
The Charter Hall Maxim Property Securities Fund is committed to keeping its investors well informed and up to date.
The Charter Hall Maxim Property Securities Fund Monthly Updates are uploaded on this website in the Reports and Publications section and are also sent to unitholders via email to those who have provided their email addresses. We strongly encourage unitholders who have not provided their email address details to do so by sending your details to firstname.lastname@example.org
Our staff are happy to assist with your enquiry. If you cannot find the information you are seeking on this website, please contact us by email at email@example.com or by telephone on +61 3 9046 9946.
Reports & Publications
- 2018 December
- 2018 November
- 2018 October
- 2018 September
- 2018 August
- 2018 July
- 2018 June
- 2018 May
- 2018 April
- 2018 March
- 2018 February
- 2018 January
- 2017 December
- 2017 November
- 2017 October
- 2017 September
- 2017 August
- 2017 July
- 2017 June
- 2017 May
- 2017 April
- 2017 March
- 2017 February
- 2017 January
- 2016 December
- 2016 November
- 2016 October
- 2016 September
- 2016 August
- 2016 July
- 2016 June
- 2016 May
- 2016 April
- 2016 March
- 2016 February
- 2016 January
- 2015 December
- 2015 November
- 2015 October
- 2015 September
- 2015 August
- 2015 July
- 2015 June
- 2015 May
- 2015 April
- 2015 March
- 2015 February
- 2015 January
- 2014 December
- 2014 November
- 2014 October
- 2014 September
- 2014 August
- 2014 July
- 2014 June
- 2014 May
- 2014 April
- 2014 March
Half Year Reports
Change of Fund Name
Significant Investor Visa
On 24 November 2012, the Federal Government introduced the Significant Investor Visa, (sub class 188) (old regime) which provides overseas applicants who invest $5 million in complying Australian investments for a minimum of four (4) years, a pathway to obtaining permanent residency in Australia.
In October 2014, the Federal Government announced changes to the Significant Investor Visa (sub class 188) (new regime).
Under the both old and new regimes, the Folkestone Maxim A-REIT Securities Fund (Fund) qualifies as a complying investment.
Individual investors will need to prove that the funds in which they are investing are complying investments. For information purposes please refer to Declaration Forms 1413 and 1413D signed by the responsible entity of the Fund, One Managed Investment Funds Limited which attest to the Fund’s complying status at the date of signing. Form 1413 should be used for applications before 1 July 2015 and Form 1413D should be used for applications on or after 1 July 2015.
For a current Declaration Form, please contact the responsible entity on firstname.lastname@example.org.
Frequently Asked Questions
To invest in the Charter Hall Maxim Property Securities Fund, you will need to read the Product Disclosure Statement. The minimum investment is $5,000.
You can find the unit price by contacting the unit registrar, Mainstream, either by telephone on +61 2 9247 3326 or email email@example.com.
Distributions are paid quarterly or can be reinvested into the Fund.
Click here for the most recent performance of the Charter Hall Maxim Property Securities Fund.
Yes, there is a daily withdrawal facility as the Fund invests in securities that are listed on the ASX. Please refer to the Product Disclosure Statement for more information about withdrawals.
Please write to the unit registrar, Mainstream Fund Services, at:
Charter Hall Maxim Property Securities Fund
C/- Mainstream Fund Services
GPO BOX 4968
Sydney NSW 2001
Tax statements are generally sent to investors within three months after the end of the financial year.