Introduction
Grindrod Bank are pleased to announce the latest addition to our range of unit trusts, the Grindrod International Property Fund. It is a US dollar denominated fund domiciled in Ireland. The fund invests in the global real estate market with a focus on property closed-end funds and REITs.
Objective
The Grindrod International Property Fund aims to provide investors with a high level of current income, as well as long-term income and capital growth, by investing primarily in a global range of transferable securities of real estate companies and real estate related companies, or in companies which own significant real estate assets at the time of investment or in Real Estate Investment Trusts (REITS) including publicly traded closed-ended real estate funds listed or traded on a regulated stock exchange or market.
Fund Manager
Grindrod Bank represented by Greg Rawlins CA(SA)
Benefits
Fund Information
| Base currency |
US Dollars |
| Fund size |
$11.2m |
| Inception date |
26 November 2010 |
| Domicile |
Ireland |
| Status |
UCITS IV |
| Listing |
Irish Stock Exchange (ISE) |
| Benchmark |
GPR 250 REIT Index |
| Risk profile |
Moderate |
| Distribution frequency |
Bi-annual |
| Dealing frequency |
Daily |
| Dealing deadline |
4pm GMT |
Click here to view unit fund prices for the Grindrod International Property Fund
Investment information
| |
Non-Distributing class |
Distributing class |
| ISIN |
IE00B4Q5RH29 |
IE00B4KK0J65 |
| SEDOL |
B4Q5RH2 |
B4KK0J6 |
| Bloomberg |
SUFRIPN:ID |
SUFRIPD:ID |
| Min lump sum investment |
US$1 000 |
US$10 000 |
| Minimum monthly investment |
US$500 |
US$5 000 |
| Minimum shareholding |
US$1 000 |
US$10 000 |
Charges
| Maximum initial fee (both classes) |
5.00% |
| Annual management fee (both classes) |
1.75% |
The Grindrod International Property Fund is a sub-fund of the Sanlam Universal Funds plc, an open-ended umbrella type investment company, with segregated liability between its sub-funds, authorised by the Central Bank in Ireland, as an undertaking for collective investment in transferable securities under the European Communities (UCITS) Regulation, 2003 as amended (the Regulations). It is managed by Sanlam Asset Management (Ireland) Limited, Beech House, Beech Hill Road, Dublin 4, Ireland, Tel +353 1 205 3510, Fax +353 1 205 3521 which is authorised by the Irish Central Bank, as a UCITS III Management Company.
Grindrod Bank Limited is the Investment Manager, responsible for managing the Fund’s investments. The Sanlam Universal Funds Plc full prospectus, the Grindrod International Property Fund Supplement, and the Short Form Prospectus is available free of charge from the Manager, the Investment Manager or at www.sanlam.ie.
This is neither an offer to sell, nor a solicitation to buy any securities in any fund managed by us. Any offering is made only pursuant to the relevant offering document, together with the current financial statements of the relevant fund, and the relevant subscription application forms, all of which must be read in their entirety together with the Prospectus, Supplements and the Short Form prospectus. No offer to purchase securities will be made or accepted prior to receipt by the offeree of these documents, and the completion of all appropriate documentation. This presentation is not an advertisement and is not intended for public use or distribution.
Past performance of a fund is no guarantee as to its performance in the future. Changes in exchange rates may have an adverse effect on the value, price or income of the product. Independent financial advice should be sought as not all investments are suitable for all investors. Collective Investment Schemes are generally medium to long-term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. Fluctuations or movements in exchange rates may cause the value of underlying investments to go up or down. The fund is traded at ruling forward. The fund price is calculated on a net asset basis, which is the total value of all assets in the portfolio including any income and expenses accruals. Trail commission and incentives may be paid and are for the account of the manager.