Cromwell Direct Property - Managed Fund

Fund Objective

The Fund invests in Direct Property and Property Trusts. The Fund invests in non-residential Australian property, with a primary focus on commercial, industrial and retail property. The Property Trusts invested into may be operated by Cromwell or other managers. The Fund and its sub-trusts may also hold cash where CFM considers it prudent, including to cover Fund withdrawals or while CFM is considering new investment opportunities.

Fund Strategy

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	0.8%	0.77%	5.38%	1.68%	-5.75%	-12.31%	-5.04%	1%
Growth return	0.94%	1.16%	4.02%	-2.93%	-10.62%	-16.94%	-10.22%	-4.57%
Income return	-0.14%	-0.39%	1.36%	4.61%	4.87%	4.63%	5.18%	5.57%
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 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Cromwell Direct Property

Cash: 1.45%

Property & Infrastructure: 98.55%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 2.10%

Property & Infrastructure: 92.53%

Australian Equities: 3.74%

International Equities: 0.33%

Fixed Interest: 0%

Alternatives: 1.29%

General Information

Fund Details

Type	Description
Fund Name	Cromwell Direct Property
Responsible Entity	Cromwell Property Group
APIR Code	CRM0018AU
Sector/Asset Class	Unlisted and Direct Property
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	21 Aug 2013
Fund Size	$239.23 million (as at 28 Feb 2026)
Entry Price	$0.7139 (as at 31 Mar 2026)
Exit Price	$0.7139 (as at 31 Mar 2026)
Fund Status	Open

Offer information

Type	Description
MER	2.62% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR)	1.57% (as at 30 Jun 2025)
Minimum initial investment	$10,000.00
Minimum additional investments	$1,000.00
Minimum redemption amount	$10,000.00

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FAQs about the Cromwell Direct Property

What is the objective of the Cromwell Direct Property managed fund?

The objective of the Cromwell Direct Property managed fund is The Fund invests in Direct Property and Property Trusts. The Fund invests in non-residential Australian property, with a primary focus on commercial, industrial and retail property. The Property Trusts invested into may be operated by Cromwell or other managers. The Fund and its sub-trusts may also hold cash where CFM considers it prudent, including to cover Fund withdrawals or while CFM is considering new investment opportunities.

What is the strategy for the Cromwell Direct Property managed fund?

The strategy of the Cromwell Direct Property managed fund is The Fund invests in Direct Property and Property Trusts. The Fund invests in non-residential Australian property, with a primary focus on commercial, industrial and retail property. The Property Trusts invested into may be operated by Cromwell or other managers. The Fund and its sub-trusts may also hold cash where CFM considers it prudent, including to cover Fund withdrawals or while CFM is considering new investment opportunities.

What is the APIR code of the Cromwell Direct Property managed fund?

The APIR code of the Cromwell Direct Property managed fund is CRM0018AU.

What was Cromwell Direct Property’s total return last month?

Cromwell Direct Property’s total return last month was 0.8%. This was made up of a growth return of 0.94% and an income return of -0.14%. These returns were calculated as at 31 Mar 2026.

What was Cromwell Direct Property’s total return for the last three months?

Cromwell Direct Property’s total return for the last three months was 0.77%. This was made up of a growth return of 1.16% and an income return of -0.39%%. These returns were calculated as at 31 Mar 2026.

What is Cromwell Direct Property’s one-year total return?

Cromwell Direct Property’s one-year total return is 1.68%. This was made up of a growth return of -2.93% and an income return of 4.61%. These returns were calculated as at 31 Mar 2026.

What is Cromwell Direct Property’s three-year total return?

Cromwell Direct Property’s one-year total return is -12.31%. This was made up of a growth return of -16.94% and an income return of 4.63%. These returns were calculated as at 31 Mar 2026.

What is the asset allocation of the Cromwell Direct Property managed fund?

The asset allocation of the Cromwell Direct Property managed fund is :

Cash: 1.45%

Property & Infrastructure: 98.55%

Australian Equities: 0%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Cromwell Direct Property managed fund?

The Responsible Entity for the Cromwell Direct Property managed fund is Cromwell Property Group.

What sector/asset class does the Cromwell Direct Property managed fund belong to?

The Cromwell Direct Property managed fund belongs to the Unlisted and Direct Property sector/asset class.

What is the size of the Cromwell Direct Property managed fund?

As at 28 Feb 2026, the size of the Cromwell Direct Property managed fund was $239.23 million.

What is the inception date of the Cromwell Direct Property managed fund?

The Cromwell Direct Property managed fund has an inception date of 21 Aug 2013.

What is the current entry price of the Cromwell Direct Property managed fund?

The current entry price of the Cromwell Direct Property managed fund is $0.7139 per unit and the current exit price is $0.7139 per unit (as at 31 Mar 2026).

What is the current exit price of the Cromwell Direct Property managed fund?

The current exit price of the Cromwell Direct Property managed fund is $0.7139 per unit and the current entry price is $0.7139 per unit (as at 31 Mar 2026).

What is the minimum investment amount for the Cromwell Direct Property managed fund?

The minimum initial investment amount for the Cromwell Direct Property 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.

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