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Spire USA ROC Office I (AUD) - Managed Fund

Fund Objective
The Fund will invest exclusively in the Underlying Fund and hold USD cash to meet Capital Calls and AUD cash for working capital. The Underlying Fund will invest in a portfolio of commercial offce buildings located throughout the US, acquired progressively over each Investment Period. Each asset will undergo a predetermined value-add strategy to enhance cash ?ows and values, and will be sold on completion of the execution of the value-add plan. As such the Underlying Fund will execute a “Buy, Fix, Sell” investment strategy.
Fund Strategy
The Fund will invest exclusively in the Underlying Fund and hold USD cash to meet Capital Calls and AUD cash for working capital. The Underlying Fund will invest in a portfolio of commercial offce buildings located throughout the US, acquired progressively over each Investment Period. Each asset will undergo a predetermined value-add strategy to enhance cash ?ows and values, and will be sold on completion of the execution of the value-add plan. As such the Underlying Fund will execute a “Buy, Fix, Sell” investment strategy.

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 -0.79% -1.56% -1.56% -10% -69.62% -78.59% -60.36% -%
Growth return -0.26% -0.52% -0.52% -9.05% -69.46% -78.52% -60.62% -%
Income return -0.53% -1.04% -1.04% -0.95% -0.16% -0.07% 0.26% -%
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 28 Feb 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Spire USA ROC Office I (AUD)
Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
2.11%
Australian Equities
3.74%
International Equities
0.33%
Property & Infrastructure
92.52%
Fixed Interest
0%
Alternatives
1.29%

General Information

Fund Details
Type Description
Spire USA ROC Office I (AUD)
Spire Capital Pty Ltd
ETL1567AU
Unlisted and Direct Property
Not Rated
Investment Fund
15 Jun 2018
$51.19 million (as at 28 Feb 2022)
$0.0126 (as at 28 Feb 2026)
$0.0126 (as at 28 Feb 2026)
Open
Offer information
Type Description
MER 2.77% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR) 6.51% (as at 30 Jun 2025)
Minimum initial investment $50,000
Minimum additional investments $5,000.00
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FAQs about the Spire USA ROC Office I (AUD)

The objective of the Spire USA ROC Office I (AUD) managed fund is The Fund will invest exclusively in the Underlying Fund and hold USD cash to meet Capital Calls and AUD cash for working capital. The Underlying Fund will invest in a portfolio of commercial offce buildings located throughout the US, acquired progressively over each Investment Period. Each asset will undergo a predetermined value-add strategy to enhance cash ?ows and values, and will be sold on completion of the execution of the value-add plan. As such the Underlying Fund will execute a “Buy, Fix, Sell” investment strategy.

The strategy of the Spire USA ROC Office I (AUD) managed fund is The Fund will invest exclusively in the Underlying Fund and hold USD cash to meet Capital Calls and AUD cash for working capital. The Underlying Fund will invest in a portfolio of commercial offce buildings located throughout the US, acquired progressively over each Investment Period. Each asset will undergo a predetermined value-add strategy to enhance cash ?ows and values, and will be sold on completion of the execution of the value-add plan. As such the Underlying Fund will execute a “Buy, Fix, Sell” investment strategy.

The APIR code of the Spire USA ROC Office I (AUD) managed fund is ETL1567AU.

Spire USA ROC Office I (AUD)’s total return last month was -0.79%. This was made up of a growth return of -0.26% and an income return of -0.53%. These returns were calculated as at 28 Feb 2026.

Spire USA ROC Office I (AUD)’s total return for the last three months was -1.56%. This was made up of a growth return of -0.52% and an income return of -1.04%%. These returns were calculated as at 28 Feb 2026.

Spire USA ROC Office I (AUD)’s one-year total return is -10%. This was made up of a growth return of -9.05% and an income return of -0.95%. These returns were calculated as at 28 Feb 2026.

Spire USA ROC Office I (AUD)’s one-year total return is -78.59%. This was made up of a growth return of -78.52% and an income return of -0.07%. These returns were calculated as at 28 Feb 2026.

The asset allocation of the Spire USA ROC Office I (AUD) managed fund is :

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

The Responsible Entity for the Spire USA ROC Office I (AUD) managed fund is Spire Capital Pty Ltd.

The Spire USA ROC Office I (AUD) managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 28 Feb 2022, the size of the Spire USA ROC Office I (AUD) managed fund was $51.19 million.

The Spire USA ROC Office I (AUD) managed fund has an inception date of 15 Jun 2018.

The current entry price of the Spire USA ROC Office I (AUD) managed fund is $0.0126 per unit and the current exit price is $0.0126 per unit (as at 28 Feb 2026).

The current exit price of the Spire USA ROC Office I (AUD) managed fund is $0.0126 per unit and the current entry price is $0.0126 per unit (as at 28 Feb 2026).

The minimum initial investment amount for the Spire USA ROC Office I (AUD) managed fund is $50,000. Minimum additional investment is $5000.

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.