Alceon Australian Property Fund - Managed Fund

Fund Objective

Outperform the Fund Benchmark on a rolling 3-year basis

Fund Strategy

The Fund invests directly into an actively managed portfolio of Property Securities and Infrastructure Securities; where most assets derive a high proportion of earnings from rental; recurring sources; or mature/contracted income.

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.

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Fees Comparison

% p.a.

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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	3.25%	5.05%	9.3%	10.61%	9.29%	7.55%	9.35%	8.29%
Growth return	2.98%	1.7%	4.56%	3.24%	2.87%	1.02%	3.71%	1.93%
Income return	0.27%	3.35%	4.74%	7.37%	6.42%	6.53%	5.64%	6.36%
Market index (S&P/ASX 200 A-REIT TR)
Total return	4.47%	9.86%	16.7%	14.49%	20.15%	15.35%	12.27%	9%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Alceon Australian Property Fund

Australian Equities: 11.54%

Cash: 4.26%

Property & Infrastructure: 84.20%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 4.32%

Cash: 2.41%

Property & Infrastructure: 93.02%

International Equities: 0.24%

Fixed Interest: 0.01%

Alternatives: 0.01%

General Information

Fund Details

Type	Description
Fund Name	Alceon Australian Property Fund
Responsible Entity	Melbourne Securities Corporation Limited
APIR Code	LAM0044AU
Sector/Asset Class	Unlisted and Direct Property
Morningstar Rating	(as at 30 Jun 2019)
Legal Structure	Investment Fund
Fund Inception	3 Feb 2015
Fund Size	$611 million (as at 31 Aug 2022)
Entry Price	$1.2532 (as at 12 Sep 2025)
Exit Price	$1.247 (as at 12 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.14% (as at 30 Dec 2023)
Indirect Cost Ratio (ICR)	1.20% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0.09
Minimum initial investment	$10,000.00
Minimum additional investments	$2,000.00
Minimum redemption amount	$1,000.00

Top 10 holdings (as at 31 Jan 2024)

Holding (as at 31 Jan 2024)	Type	% of Portfolio
Scentre Group	Equity - REIT	8.62%
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FAQs about the Alceon Australian Property Fund

What is the objective of the Alceon Australian Property Fund managed fund?

The objective of the Alceon Australian Property Fund managed fund is Outperform the Fund Benchmark on a rolling 3-year basis

What is the strategy for the Alceon Australian Property Fund managed fund?

The strategy of the Alceon Australian Property Fund managed fund is The Fund invests directly into an actively managed portfolio of Property Securities and Infrastructure Securities; where most assets derive a high proportion of earnings from rental; recurring sources; or mature/contracted income.

What is the APIR code of the Alceon Australian Property Fund managed fund?

The APIR code of the Alceon Australian Property Fund managed fund is LAM0044AU.

What was Alceon Australian Property Fund’s total return last month?

Alceon Australian Property Fund’s total return last month was 3.25%. This was made up of a growth return of 2.98% and an income return of 0.27%. These returns were calculated as at 31 Aug 2025.

What was Alceon Australian Property Fund’s total return for the last three months?

Alceon Australian Property Fund’s total return for the last three months was 5.05%. This was made up of a growth return of 1.7% and an income return of 3.35%%. These returns were calculated as at 31 Aug 2025.

What is Alceon Australian Property Fund’s one-year total return?

Alceon Australian Property Fund’s one-year total return is 10.61%. This was made up of a growth return of 3.24% and an income return of 7.37%. These returns were calculated as at 31 Aug 2025.

What is Alceon Australian Property Fund’s three-year total return?

Alceon Australian Property Fund’s one-year total return is 7.55%. This was made up of a growth return of 1.02% and an income return of 6.53%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Alceon Australian Property Fund managed fund?

The asset allocation of the Alceon Australian Property Fund managed fund is :

Australian Equities: 11.54%

Cash: 4.26%

Property & Infrastructure: 84.20%

International Equities: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Alceon Australian Property Fund managed fund?

The Responsible Entity for the Alceon Australian Property Fund managed fund is Melbourne Securities Corporation Limited.

What sector/asset class does the Alceon Australian Property Fund managed fund belong to?

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

What is the size of the Alceon Australian Property Fund managed fund?

As at 31 Aug 2022, the size of the Alceon Australian Property Fund managed fund was $611 million.

What is the inception date of the Alceon Australian Property Fund managed fund?

The Alceon Australian Property Fund managed fund has an inception date of 3 Feb 2015.

What is the current entry price of the Alceon Australian Property Fund managed fund?

The current entry price of the Alceon Australian Property Fund managed fund is $1.2532 per unit and the current exit price is $1.247 per unit (as at 12 Sep 2025).

What is the current exit price of the Alceon Australian Property Fund managed fund?

The current exit price of the Alceon Australian Property Fund managed fund is $1.247 per unit and the current entry price is $1.2532 per unit (as at 12 Sep 2025).

What is the minimum investment amount for the Alceon Australian Property Fund managed fund?

The minimum initial investment amount for the Alceon Australian Property Fund managed fund is $10,000. Minimum additional investment is $2000.

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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