Focused on the future of real estate

AEW UK Core Plus Property Fund

Fund Strategy

The investment objective of this fund is to provide a return from capital appreciation and income over the longer term and to deliver, over time, outperformance of the benchmark. The benchmark being the All Balanced Property Funds Index - MSCI/AREF UK Quarterly Fund Index – weighted average.

FUND TEAM

Richard Tanner
Managing Director
Portfolio Manager
Michael Shears
Executive Director
Assistant Portfolio Manager
Edward Long
Director
Transactions

Fund Aim

To provide investors with exposure to a diversified, multisector portfolio of commercial property assets throughout the UK. The Fund seeks to achieve superior investment returns through relatively high income returns, strong stock selection and active management of all assets.

Launch Date
Q1, 2012

Fund Structure
An FCA regulated, open ended, core-style property fund. PAIF QIS. Eligible investors: UK and Overseas Corporate Pension Funds, Charities, SIPPS, UK and Overseas Corporates and Wealth Managers

Property Portfolio
Please visit Property Portfolio to view all the Properties.

 

Core Plus Fund Quarterly Investor Reports

Click here to access Core Plus Fund Share price information

Fund Details as at 30 June 2022

Fund Size (Net Asset Value)
£344.3m

Triple Net Initial Yield (% p.a.)
5.3%

Gearing (% of net asset value)
3.5% 

Total Global Expense Ratio
0.94% excludes performance fee

Capital Cash Holdings (% of NAV)
1.5%

Annual Management Charge
(0.85% per annum)

Performance Fee
The Authorised Corporate Director is entitled to a performance fee if (i) a performance hurdle is met and (ii) a high-water mark is exceeded. The performance hurdle is the higher of (i) 8% per annum of the total return and (ii) 0.25% above the UK All Balanced Property Fund Index return MSCI/AREF UK Quarterly Property Fund Index, each on a three-year rolling basis. The performance fee is 17.5% of the outperformance of the higher of the two components of the performance hurdle. The high-water mark is the highest previously recorded quarterly net asset value per share over the preceding five years.

Distribution Dates
Income is allocated to investors quarterly and paid within two months of the end of the quarter during which they were earned.

Benchmark
UK All Balanced Property Funds Index – MSCI/AREF UK Quarterly Property Fund Index – weighted average

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