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Charter Hall Maxim Property Securities Fund

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Charter Hall Maxim Property Securities Fund 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.

Overview

The Charter Hall Maxim Property Securities Fund is a high conviction, actively managed fund.

It 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.

Investment Objectives

  • 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 with the aim of adding 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

Announcement

Charter Hall Maxim Property Securities Fund (Maxim) new Product Disclosure Statement.

We are pleased to advise that One Managed Investment Funds Limited, the Responsible Entity for Charter Hall Maxim Property Securities Fund (Maxim or Fund) has issued a new Product Disclosure Statement (PDS) dated 29 September 2022 and Additional Information Booklet (AIB) dated 29 September 2022 for the Fund. Also, a new Application Form is to be used.

View letter to investors

download the product disclosure statement, additional information booklet and application form

The Responsible Entity has also issued a Target Market Determination (TMD) for Maxim. Please see the issuer website for details of the TMD for Maxim.

 

Ratings & Awards

Maxim is an award winning fund with an experienced management team.

These reports are intended for wholesale clients, AFSL holders or their authorised representatives. By accessing these reports you are confirming that you are a wholesale client, you either hold an AFSL or are an authorised representative.

 

SQM 4.00 Star Rating   Atchison-logo-Highly-Recommended

logo_morningstar    CrownRating5    
Morningstar overall rating out of 85 Equity Australia Real Estate funds as of 31 December 2021.

Money magazine 2022 logo200x200 BOBWinner2022_CMYK_BEST AUSTRALIAN LISTED PROPERTY FUNDS

Daily Pricing

As at 2/02/2023$A
NAV1.0454
BUY1.0480
SELL1.0428

 

Benefits

ICONS - INVESTMENT MANAGEMENT
Investment Expertise
  • The Investment Manager, Charter Hall Property Securities Management Limited, has extensive experience in managing real estate securities as well as having access to Charter Halls direct real estate expertise.
ICONS - MIXED USE ASSET
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.
ICONS - ASX
Capacity Limit
  • The 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.
ICONS - CAPABILITIES
Active Strategy
  • Securities are selected on a concentrated portfolio built on individual merit and not by benchmark weights.
DISTRIBUTIONS
Quarterly Distributions
  • Distributions are paid quarterly or can be reinvested into the Fund. 
LIQUIDITY
Liquidity
  • Investing in listed A-REITs provides greater liquidity than investing in direct real estate. 

Investment Process

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 on the economic environment, capital markets and market pricing trends is critical to our decision making framework and gives us the ability to seek to add value by identifying investment opportunities ahead of the market.

The approach includes estimates of the listed property securities 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.

Investment-Process

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: 0.85% p.a. of the Gross Asset Value (GAV) of the Fund.

Responsible Entity/Custodian: One Managed Investment Funds Limited AFSL 297042 ABN 47 117 400 987

Investment Time Horizon: Suggested at least 3 years

Entry/Exit Fees: Nil

Investment Manager: Charter Hall Property Securities Management Limited ABN 25 104 512 978

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

  

 

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Corporate Governance

View Charter Hall's corporate governance containing arrangements in place for the Group.

Our Executives

Mark Ferguson
Head of Charter Hall Maxim Property Securities
Charter Hall
Patrick Barrett
Portfolio Manager, Listed Securities
Charter Hall

Invest with us

We offer a range of investment options to a diverse range of investors.

Contact our team

Investing with us
Important information

Important information

Investors should consider the product disclosure statement (“PDS”) issued by, One Managed Investment Funds Limited (ABN 47 117 400 987) (AFSL 297042) (“OMIFL”) as responsible entity of the Charter Hall Maxim Property Securities Fund ARSN 116 193 563 (“Maxim”). The information contained in this website was not prepared by OMIFL but was prepared by other parties. While OMIFL has no reason to believe that the information is inaccurate, the truth or accuracy of the information contained therein cannot be warranted or guaranteed. Anyone reading this website must obtain and rely upon their own independent advice and inquiries. Investors should carefully consider each of the Product Disclosure Statement dated 29 September 2022 (together with the Additional Information Booklet dated 29 September 2022) (“PDS”) and Target Market Determination (“TMD”) issued by OMIFL before making any decision about whether to acquire, or continue to hold, an interest in Maxim. Applications for units in Maxim can only be made pursuant to the application form relevant to Maxim. A copy of the PDS dated 29 September 2022, TMD dated 20 October 2022, continuous disclosure notices and relevant application form may be obtained from https://www.oneinvestment.com.au/charterhallmaxim/ or https://www.charterhall.com.au/investments/funds/charter-hall-maxim-property-securities-fund. You should also consult a licensed financial adviser before making an investment decision in relation to Maxim. A copy of the PDS may be obtained from http://oneinvestment.com.au or http://charterhall.com.au/. Charter Hall Property Securities Management Limited (ABN 25 104 512 978) (AFSL 238349) (“Charter Hall Maxim”) is the investment manager of Maxim. Neither OMIFL nor Charter Hall Maxim guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this website. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this website, Charter Hall Maxim makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This websitehas been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this website, and seek professional advice, having regard to their objectives, financial situation and needs.

1. The Lonsec Ratings (assigned Charter Hall Maxim Property Securities Fund – March 2022) presented on this page is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445 ("Lonsec"). Ratings are general advice only (as defined in the Corporations Act 2001 (Cth)), and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement, target market determination (available at charterhall.com.au/ddo) and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.

2. The Zenith Investment Partners Pty Ltd (ACN 103 132 672) (“Zenith”) Australian Financial Services Licence No. 226872 rating for Maxim (COL0001AU) (assigned 5 July 2022) referred to on this page is limited to “general advice” (as defined by the Corporations Act 2001 (Cth)) for wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at Fund Regulatory Guidelines

The SQM rating contained in this website 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 PDS and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from Charter Hall Maxim for the research and rating of the Fund.

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. Charter Hall Maxim Property Securities Fund received a 5-Star Overall Morningstar Rating™ as at 30-09-2018.© 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.

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.

The FE Crown Fund rating contained in this website is issued by FE © 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.