Spire Wholesale Alternative Income No.1 (AUD) - Managed Fund

Fund Objective

The Fund will seek to invest in a diversified portfolio of commercial real estate-related debt investments related to or secured by high-quality, income-producing multifamily, commercial office, healthcare and selected other real estate assets in the United States.

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	-%	-2.45%	-6.07%	-18.45%	-15.87%	-11.44%	-4.49%	-1.58%
Growth return	-2.09%	-2.09%	-5.72%	-18.14%	-15.72%	-16.4%	-30.13%	-24.98%
Income return	-%	-0.36%	-0.35%	-0.31%	-0.15%	4.96%	25.64%	23.4%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return	0.31%	0.9%	1.83%	3.97%	4.22%	4.11%	2.71%	2.11%

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

Asset Allocation

Spire Wholesale Alternative Income No.1 (AUD)

Cash: 3.25%

Fixed Interest: 96.75%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 18.54%

Fixed Interest: 80.56%

Australian Equities: 0.03%

International Equities: 0%

Property & Infrastructure: 0.88%

Alternatives: 0%

General Information

Fund Details

Type	Description
Fund Name	Spire Wholesale Alternative Income No.1 (AUD)
Responsible Entity	Spire Capital Pty Ltd
APIR Code	SPI0001AU
Sector/Asset Class	Non Investment Grade Debt
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	9 Nov 2015
Fund Size	$3.12 million (as at 30 Sep 2020)
Entry Price	n/a
Exit Price	$0.0557 (as at 31 Dec 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.50% (as at 20 May 2025)
Minimum initial investment	$500,000
Minimum additional investments
Minimum redemption amount

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FAQs about the Spire Wholesale Alternative Income No.1 (AUD)

What is the objective of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The objective of the Spire Wholesale Alternative Income No.1 (AUD) managed fund is The Fund will seek to invest in a diversified portfolio of commercial real estate-related debt investments related to or secured by high-quality, income-producing multifamily, commercial office, healthcare and selected other real estate assets in the United States.

What is the strategy for the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The strategy of the Spire Wholesale Alternative Income No.1 (AUD) managed fund is The Fund will seek to invest in a diversified portfolio of commercial real estate-related debt investments related to or secured by high-quality, income-producing multifamily, commercial office, healthcare and selected other real estate assets in the United States.

What is the APIR code of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The APIR code of the Spire Wholesale Alternative Income No.1 (AUD) managed fund is SPI0001AU.

What was Spire Wholesale Alternative Income No.1 (AUD)’s total return last month?

Spire Wholesale Alternative Income No.1 (AUD)’s total return last month was -%. This was made up of a growth return of -2.09% and an income return of -%. These returns were calculated as at 31 Dec 2025.

What was Spire Wholesale Alternative Income No.1 (AUD)’s total return for the last three months?

Spire Wholesale Alternative Income No.1 (AUD)’s total return for the last three months was -2.45%. This was made up of a growth return of -2.09% and an income return of -0.36%%. These returns were calculated as at 31 Dec 2025.

What is Spire Wholesale Alternative Income No.1 (AUD)’s one-year total return?

Spire Wholesale Alternative Income No.1 (AUD)’s one-year total return is -18.45%. This was made up of a growth return of -18.14% and an income return of -0.31%. These returns were calculated as at 31 Dec 2025.

What is Spire Wholesale Alternative Income No.1 (AUD)’s three-year total return?

Spire Wholesale Alternative Income No.1 (AUD)’s one-year total return is -11.44%. This was made up of a growth return of -16.4% and an income return of 4.96%. These returns were calculated as at 31 Dec 2025.

What is the asset allocation of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The asset allocation of the Spire Wholesale Alternative Income No.1 (AUD) managed fund is :

Cash: 3.25%

Fixed Interest: 96.75%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The Responsible Entity for the Spire Wholesale Alternative Income No.1 (AUD) managed fund is Spire Capital Pty Ltd.

What sector/asset class does the Spire Wholesale Alternative Income No.1 (AUD) managed fund belong to?

The Spire Wholesale Alternative Income No.1 (AUD) managed fund belongs to the Non Investment Grade Debt sector/asset class.

What is the size of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

As at 30 Sep 2020, the size of the Spire Wholesale Alternative Income No.1 (AUD) managed fund was $3.12 million.

What is the inception date of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The Spire Wholesale Alternative Income No.1 (AUD) managed fund has an inception date of 9 Nov 2015.

What is the current entry price of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The current entry price of the Spire Wholesale Alternative Income No.1 (AUD) managed fund is $ per unit and the current exit price is $0.0557 per unit (as at 31 Dec 2025).

What is the current exit price of the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The current exit price of the Spire Wholesale Alternative Income No.1 (AUD) managed fund is $0.0557 per unit and the current entry price is $ per unit (as at 31 Dec 2025).

What is the minimum investment amount for the Spire Wholesale Alternative Income No.1 (AUD) managed fund?

The minimum initial investment amount for the Spire Wholesale Alternative Income No.1 (AUD) managed fund is $500,000. 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.

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