InvestSMART

Abacus Hospitality Fund - Managed Fund (Closed)

Fund Objective
The aim of the Fund is to accumulate hotel properties throughout Australia and New Zealand, generally with long term management agreements or leases to highly experienced hotel operators, in order to provide a reliable and attractive income to investors with potential for capital growth over the medium to long term.
Fund Strategy
Abacus is seeking to acquire hotel properties that offer (a) protection from new competition (b) potential for enhanced profitability (c) inherent underlying land value (d) vacant possession (e) alternative highest and best use opportunities (f) minimal capital expenditure requirements in the near term. Selected professional hotel operators will undertake day-to-day management of hotels.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0% -28.57% -93.46% -92.87% -70.83% -52.03% -36.27% -20.12%
Growth return 0% -28.57% -93.53% -93.08% -71.88% -53.94% -38.78% -24.77%
Income return 0% 0% 0.07% 0.21% 1.05% 1.91% 2.51% 4.65%
Market index (S&P/ASX 200 A-REIT TR)
Total return -3.1% 4.56% 18.9% 4.1% 23.7% 19.85% 11.91% 8.69%
As at 30 Apr 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Abacus Hospitality Fund
Property & Infrastructure
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Property & Infrastructure
93.06%
Australian Equities
4.32%
International Equities
0.24%
Cash
2.37%
Fixed Interest
0.01%
Alternatives
0.01%

General Information

Fund Details
Type Description
Abacus Hospitality Fund
Closed
Abacus Funds Management Limited
ABA0005AU
Unlisted and Direct Property
starstarstarstar (as at 30 Jun 2010)
Investment Fund
9 Mar 2007
$0 million (as at 31 May 2019)
n/a
$0.05 (as at 30 Apr 2019)
Finalised
Offer information
Type Description
MER 2.01% (as at 30 Jun 2008)
Indirect Cost Ratio (ICR) 0.84% (as at 30 Jun 2018)
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00

FAQs about the Abacus Hospitality Fund

The objective of the Abacus Hospitality Fund managed fund is The aim of the Fund is to accumulate hotel properties throughout Australia and New Zealand, generally with long term management agreements or leases to highly experienced hotel operators, in order to provide a reliable and attractive income to investors with potential for capital growth over the medium to long term.

The strategy of the Abacus Hospitality Fund managed fund is Abacus is seeking to acquire hotel properties that offer (a) protection from new competition (b) potential for enhanced profitability (c) inherent underlying land value (d) vacant possession (e) alternative highest and best use opportunities (f) minimal capital expenditure requirements in the near term. Selected professional hotel operators will undertake day-to-day management of hotels.

The APIR code of the Abacus Hospitality Fund managed fund is ABA0005AU.

Abacus Hospitality Fund’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 30 Apr 2019.

Abacus Hospitality Fund’s total return for the last three months was -28.57%. This was made up of a growth return of -28.57% and an income return of 0%%. These returns were calculated as at 30 Apr 2019.

Abacus Hospitality Fund’s one-year total return is -92.87%. This was made up of a growth return of -93.08% and an income return of 0.21%. These returns were calculated as at 30 Apr 2019.

Abacus Hospitality Fund’s one-year total return is -52.03%. This was made up of a growth return of -53.94% and an income return of 1.91%. These returns were calculated as at 30 Apr 2019.

The asset allocation of the Abacus Hospitality Fund managed fund is :

Property & Infrastructure
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Abacus Hospitality Fund managed fund is Abacus Funds Management Limited.

The Abacus Hospitality Fund managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 31 May 2019, the size of the Abacus Hospitality Fund managed fund was $0 million.

The Abacus Hospitality Fund managed fund has an inception date of 9 Mar 2007.

The current entry price of the Abacus Hospitality Fund managed fund is $ per unit and the current exit price is $0.05 per unit (as at 30 Apr 2019).

The current exit price of the Abacus Hospitality Fund managed fund is $0.05 per unit and the current entry price is $ per unit (as at 30 Apr 2019).

The minimum initial investment amount for the Abacus Hospitality Fund managed fund is $10,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.