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  5. Cove Property Group 441 Ninth Avenue - Managed fund profile

Cove Property Group 441 Ninth Avenue - Managed Fund (Closed)

Fund Objective
The Cove Property Group 441 Ninth Avenue Trust ('Fund') is targeting 12.64% Internal Rate of Return (IRR) (Post Fees & all US Taxes) and a capital raise of up to US $14.2mn.
Fund Strategy
The Cove Property Group 441 Ninth Avenue Trust (the 'Trust') presents Blue Sky investors with an opportunity to invest alongside a top tier institutional investor to purchase a fee simple position in the property located at 441 Ninth Avenue, NYC and build an incremental 16 floors totaling 290,000 rental square feet atop of the existing structure.

Fund Performance Comparison

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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.
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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 -% -% -7.77% -56.13% -32.56% -% -% -%
Growth return -3.95% -3.95% -7.8% -56.72% -33.02% -21.57% -% -%
Income return -% -% 0.03% 0.59% 0.46% -% -% -%
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 30 Jun 2020. 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 441 Ninth Avenue (Wholesale)
Closed
BSP4713AU
Unlisted and Direct Property
Not Rated
Investment Fund
2 Dec 2016
n/a
$0.63673 (as at 30 Sep 2020)
$0.63673 (as at 30 Sep 2020)
Suppressed
Offer information
Type Description
Minimum initial investment $50,000
Minimum additional investments
Minimum redemption amount

FAQs about the Cove Property Group 441 Ninth Avenue

The objective of the Cove Property Group 441 Ninth Avenue managed fund is The Cove Property Group 441 Ninth Avenue Trust ('Fund') is targeting 12.64% Internal Rate of Return (IRR) (Post Fees & all US Taxes) and a capital raise of up to US $14.2mn.

The strategy of the Cove Property Group 441 Ninth Avenue managed fund is The Cove Property Group 441 Ninth Avenue Trust (the 'Trust') presents Blue Sky investors with an opportunity to invest alongside a top tier institutional investor to purchase a fee simple position in the property located at 441 Ninth Avenue, NYC and build an incremental 16 floors totaling 290,000 rental square feet atop of the existing structure.

The APIR code of the Cove Property Group 441 Ninth Avenue managed fund is BSP4713AU.

Cove Property Group 441 Ninth Avenue’s total return last month was -%. This was made up of a growth return of -3.95% and an income return of -%. These returns were calculated as at 30 Jun 2020.

Cove Property Group 441 Ninth Avenue’s total return for the last three months was -%. This was made up of a growth return of -3.95% and an income return of -%%. These returns were calculated as at 30 Jun 2020.

Cove Property Group 441 Ninth Avenue’s one-year total return is -56.13%. This was made up of a growth return of -56.72% and an income return of 0.59%. These returns were calculated as at 30 Jun 2020.

Cove Property Group 441 Ninth Avenue’s one-year total return is -%. This was made up of a growth return of -21.57% and an income return of -%. These returns were calculated as at 30 Jun 2020.

The asset allocation of the Cove Property Group 441 Ninth Avenue managed fund is :

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

The Cove Property Group 441 Ninth Avenue managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at , the size of the Cove Property Group 441 Ninth Avenue managed fund was $ million.

The Cove Property Group 441 Ninth Avenue managed fund has an inception date of 2 Dec 2016.

The current entry price of the Cove Property Group 441 Ninth Avenue managed fund is $0.63673 per unit and the current exit price is $0.63673 per unit (as at 30 Sep 2020).

The current exit price of the Cove Property Group 441 Ninth Avenue managed fund is $0.63673 per unit and the current entry price is $0.63673 per unit (as at 30 Sep 2020).

The minimum initial investment amount for the Cove Property Group 441 Ninth Avenue managed fund is $50,000. Minimum additional investment is $0.

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.