Suitability and risk

Suits members who want to invest in a specific asset class, are comfortable with the value of their investments fluctuating, and are comfortable with the explanation of listed property exposures on page 6 of How we invest your money (PDF, 1.1 MB), and that returns will reflect changes in security prices on listed markets which will be different from (and more volatile than) returns from owning real property.

6 years
Suggested minimum investment time frame
High
Summary risk level
Sector
Option type
$459.0 million

Option size1

As at 29 February 2024

Expected frequency of negative annual return
Four to less than six in 20 years
Total investment fees and costs and transaction costs (%)
Super: 0.23% | Pension: 0.15%

The fees and costs amounts reflect the fees and costs which we have incurred in managing the Listed Property option. For example, fees and costs we incur in the course of investing in listed property securities, i.e. real estate investment trusts (REITs), for that option. These figures do not include any amounts incurred by the REITs which the Listed Property option has invested in – such as costs relating to any real property and the other business activities of those REITs.

Objective and performance

To invest in a diversified portfolio of securities, including but not limited to, listed property securities.

This is a listed REITs (real estate investment trusts) option. This option is not intended for people who are seeking returns from investing in real property. Investing in a listed REIT is very different from investing in real estate or real property. Listed REITs can generate income from management fees or development fees as well as rental income and there are a range of factors which can influence share prices including market sentiment and macroeconomic conditions, amongst other things. The likely returns from listed REITs will be very different and more volatile than returns experienced from unlisted real property and real estate investments. Read more about REITs on page 6 of How we invest your money (PDF, 1.1 MB).

Objective

To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 3% p.a. more than inflation (CPI) over the suggested time frame.2

Performance against objective

2
% p.a. over 6 years
As at 31 Mar 2024
CPI + 3% Listed Property performance Outperformance
6.4 6.7 0.3
Performance objectives are not promises or predictions of any particular rate of return.

Performance against peers

2
Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 May 2024
Timeframe Listed Property performance SuperRatings median performance Outperformance
1 month 1.87 - -
3 months 1.01 - -
Financial year to date 12.17 - -
1 year 12.98 - -
3 years 3.44 - -
5 years 2.93 - -
7 years 4.83 - -
10 years 7.01 - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Listed Property option performance ($)

2
As at 14 Jul 2024

Objective

To achieve returns (after taxes and investment expenses, before deducting account-based fees) that are at least 3% p.a. more than inflation (CPI) over the suggested time frame.2

Performance against objective

2
% p.a. over 6 years
As at 31 Mar 2024
CPI + 3% Listed Property performance Outperformance
6.4 7.2 0.8
Performance objectives are not promises or predictions of any particular rate of return.

Performance against peers

2
Compare performance against the median performance of the top funds as identified by SuperRatings.2
% p.a.
As at 31 May 2024
Timeframe Listed Property performance SuperRatings median performance Outperformance
1 month 2.07 - -
3 months 1.13 - -
Financial year to date 13.63 - -
1 year 14.34 - -
3 years 3.58 - -
5 years 3.05 - -
7 years 5.09 - -
10 years 7.58 - -
Periods less than a year are not annualised. Some performance data are not yet available for this option.

Listed Property option performance ($)

2
As at 14 Jul 2024