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  5. Cove Property Group 2 Rector StreetTrust - Managed fund profile

Cove Property Group 2 Rector StreetTrust - Managed Fund (Closed)

Fund Objective
The Cove Property Group 2 Rector Street Trust (the 'Trust') presents Blue Sky investors with an opportunity to invest alongside blue chip institutional investors in the acquisition, repositioning and leasing up of 2 Rector Street (the 'Property'), a 26 storey building located in the Financial District of Manhattan, New York.
Fund Strategy
The investment provides investors with exposure to the largest and most liquid commercial property market in the world and is anticipated to deliver investors an IRR of 9.15% (net of all fees and pre US withholding tax).

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 -% 1.05% -% -% -2.72% -6.33% -% -%
Growth return 1.05% 1.05% -10.09% -8.17% -2.72% -6.33% -2.99% -%
Income return -% 0% -% -% 0% 0% -% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return 9.7% 16.75% 36.08% 36.58% 8.42% 11.44% -% 10.52%
As at 31 Mar 2021. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Property
94.20%
Australian Equities
3.78%
International Equities
0.35%
Cash
1.64%
Fixed Interest
0.01%
Alternatives
0.01%

General Information

Fund Details
Type Description
Cove Property Group 2 Rector StreetTrust (Wholesale)
Closed
BSP0035AU
Unlisted and Direct Property
Not Rated
Investment Fund
1 Mar 2016
n/a
$1.157 (as at 31 Mar 2021)
$1.157 (as at 31 Mar 2021)
Suppressed
Offer information
Type Description
Minimum initial investment $50,000
Minimum redemption amount

FAQs about the Cove Property Group 2 Rector StreetTrust

The objective of the Cove Property Group 2 Rector StreetTrust managed fund is The Cove Property Group 2 Rector Street Trust (the 'Trust') presents Blue Sky investors with an opportunity to invest alongside blue chip institutional investors in the acquisition, repositioning and leasing up of 2 Rector Street (the 'Property'), a 26 storey building located in the Financial District of Manhattan, New York.

The strategy of the Cove Property Group 2 Rector StreetTrust managed fund is The investment provides investors with exposure to the largest and most liquid commercial property market in the world and is anticipated to deliver investors an IRR of 9.15% (net of all fees and pre US withholding tax).

The APIR code of the Cove Property Group 2 Rector StreetTrust managed fund is BSP0035AU.

Cove Property Group 2 Rector StreetTrust’s total return last month was -%. This was made up of a growth return of 1.05% and an income return of -%. These returns were calculated as at 31 Mar 2021.

Cove Property Group 2 Rector StreetTrust’s total return for the last three months was 1.05%. This was made up of a growth return of 1.05% and an income return of 0%%. These returns were calculated as at 31 Mar 2021.

Cove Property Group 2 Rector StreetTrust’s one-year total return is -%. This was made up of a growth return of -8.17% and an income return of -%. These returns were calculated as at 31 Mar 2021.

Cove Property Group 2 Rector StreetTrust’s one-year total return is -6.33%. This was made up of a growth return of -6.33% and an income return of 0%. These returns were calculated as at 31 Mar 2021.

The asset allocation of the Cove Property Group 2 Rector StreetTrust managed fund is :

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

The Cove Property Group 2 Rector StreetTrust managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at , the size of the Cove Property Group 2 Rector StreetTrust managed fund was $ million.

The Cove Property Group 2 Rector StreetTrust managed fund has an inception date of 1 Mar 2016.

The current entry price of the Cove Property Group 2 Rector StreetTrust managed fund is $1.157 per unit and the current exit price is $1.157 per unit (as at 31 Mar 2021).

The current exit price of the Cove Property Group 2 Rector StreetTrust managed fund is $1.157 per unit and the current entry price is $1.157 per unit (as at 31 Mar 2021).

The minimum initial investment amount for the Cove Property Group 2 Rector StreetTrust managed fund is $50,000.

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.