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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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

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	-11.21%	-16.63%	-17.8%	-2.26%	-3.86%	8.08%	5.05%	5.31%

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 & Infrastructure: 92.57%

Australian Equities: 3.72%

International Equities: 0.33%

Cash: 2.08%

Fixed Interest: 0%

Alternatives: 1.29%

General Information

Fund Details

Type	Description
Fund Name	Cove Property Group 2 Rector StreetTrust (Wholesale)
Fund Status	Closed
APIR Code	BSP0035AU
Sector/Asset Class	Unlisted and Direct Property
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Mar 2016
Fund Size	n/a
Entry Price	$1.157 (as at 31 Mar 2021)
Exit Price	$1.157 (as at 31 Mar 2021)
Fund Status	Suppressed

Offer information

Type	Description
Minimum initial investment	$50,000
Minimum redemption amount

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FAQs about the Cove Property Group 2 Rector StreetTrust

What is the objective of the Cove Property Group 2 Rector StreetTrust managed fund?

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.

What is the strategy for the Cove Property Group 2 Rector StreetTrust managed fund?

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).

What is the APIR code of the Cove Property Group 2 Rector StreetTrust managed fund?

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

What was Cove Property Group 2 Rector StreetTrust’s total return last month?

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.

What was Cove Property Group 2 Rector StreetTrust’s total return for the last three months?

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.

What is Cove Property Group 2 Rector StreetTrust’s one-year total return?

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.

What is Cove Property Group 2 Rector StreetTrust’s three-year total return?

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.

What is the asset allocation of the Cove Property Group 2 Rector StreetTrust managed fund?

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

Property & Infrastructure: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Cove Property Group 2 Rector StreetTrust managed fund belong to?

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

What is the size of the Cove Property Group 2 Rector StreetTrust managed fund?

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

What is the inception date of the Cove Property Group 2 Rector StreetTrust managed fund?

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

What is the current entry price of the Cove Property Group 2 Rector StreetTrust managed fund?

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).

What is the current exit price of the Cove Property Group 2 Rector StreetTrust managed fund?

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).

What is the minimum investment amount for the Cove Property Group 2 Rector StreetTrust managed fund?

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.

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