The Challenger Hybrid Property Fund (ARSN 090 850 294) and the Challenger Wholesale Hybrid Property Fund (ARSN 090 790 962) have been temporarily closed for withdrawals and investments, including the reinvestment of distributions. Please read the investor letter for the Retail Fund or the Wholesale Fund for more information.
Overview
The Challenger Hybrid Property Fund invests in a mix of direct property and listed property trusts.
The Fund is designed for those seeking exposure to the direct property and property securities segments.
Fund objective
To outperform its benchmark, a 50% weighting to Mercers Australian Unlisted Property Index and a 50% weighting to the S&P/ASX 300 A-REIT Accumulation Index (formerly known as the S&P/ASX 300 Property Accumulation Index), over rolling three-year periods, while providing capital growth and some income over the medium to long-term (at least five years).
Investment style
The Fund uses an investment mix of direct property and listed property securities. Macroeconomic analysis assists in determining the weighting of the portfolio to listed property securities and direct property. It also assists in identifying sectors that have the potential to deliver superior performance. For property securities we employ a 'top-down' macroeconomic and 'bottom-up' company specific research and analysis approach.
Investment manager
Challenger Managed Investments Limited.
For further information regarding the Fund, please refer to the current PDS. Please note, the Challenger Hybrid Property Fund is not open to new investors and as a result, there is no PDS for this Fund.
For more information contact your financial planner or call our Investor Services team on 13 35 66.
Interests in the Challenger Hybrid Property Fund and Challenger Wholesale Hybrid Property Fund are offered by Challenger Managed Investments Limited ABN 94 002 835 592 AFSL 234668.
Update of information - asset allocation ranges
If market movements, applications or withdrawals from a Fund, or changes in the nature of an investment, cause a Fund to exceed the asset allocations ranges or a limit in the Fund's PDS, this will be rectified by us or the investment manager as soon as reasonably practicable.
The offer or invitation to subscribe in interests in the product is only available to persons receiving the PDS in Australia and is subject to terms and conditions described in the PDS. Neither product issuer, any Custodian, nor any entity or person associated with the Challenger Financial Services Group of companies guarantees repayment of your capital or the performance of your investment. The information contained above has been prepared without taking account of any person's objectives, financial situation or needs. Because of that, each person should, before acting on any such information, consider the appropriateness of the information, having regard to their objectives, financial situation and needs. Each person should obtain a current PDS relating to the product and consider that document before making any decision about the product.
If you acquire or hold one of our products, we will receive fees and other benefits which are generally disclosed in the PDS or other disclosure document for the product. We and our employees do not receive any specific remuneration for any advice provided to you. However, financial advisers (including some Challenger group companies) may receive fees or commissions if they provide advice to you or arrange for you to invest with us. Some or all of Challenger group companies and directors of those companies may benefit from fees, commissions and other benefits received by another group company.
