A real income solution for your clients.
Cromwell Direct Property Fund
A real income solution for your clients.
Cromwell Direct Property Fund
The Cromwell Direct Property Fund (Fund) is an open-ended unlisted property fund that aims to provide investors with monthly distributions with the potential for tax-deferred income and capital growth3Â through investing in a diversified portfolio of quality property assets.
The Fund is not currently offering the Limited Monthly Withdrawal Facility, effective from 1 October 2023. The next Periodic Withdrawal Opportunity is intended to be offered in July 2025.
Fund snapshot
The Cromwell Direct Property Fund provides exposure to property throughout Australia either directly or through investments in unlisted property trusts4,5.
Fund Objective
The Fund aims to provide investors with monthly distributions with the potential for tax-deferred income and capital growth3 through investing in a diversified portfolio of quality property assets.
Investment Strategy
Cromwell Funds Management (CFM) plans to deliver on the Fund’s objective by investing directly, or through unlisted property trusts, in non-residential Australian property with a primary focus on high quality commercial, industrial and retail property leased to government and blue-chip tenants on long leases.
Investments
The Fund currently delivers diversification across nine properties located throughout New South Wales, Queensland, Victoria, South Australia and the Australian Capital Territory4,5.
Benchmark
Performance is benchmarked against the PCA / MSCI Unlisted Retail Property Fund Core Index.
Fund Inception
August 2013.
Platform availability
AMP PortfolioCare
Asgard
Clearstream
BT Panorama
North
My North
Hub 24
Macquarie Wrap
Netwealth
Powerwrap
Colonial First State (CFS) First Wrap
Praemium
uXchange
Dash
Mason Stevens
Request a Product Disclosure Statement
Thank you for your interest in the Cromwell Direct Property Fund. Please complete the form below to receive the Fund's PDS.
Key documents
The information in this section of the website is provided for the use of licensed financial advisers and wholesale investors only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. Any advice is not personal advice and has been prepared without taking into account investors objectives, financial situation or needs.
By electing to continue, you confirm that you are a licensed financial adviser or a wholesale investor.
Key resources
The Cromwell Direct Property Fund will cease to offer redemptions for a period of 6 months from 1 October 2023. View the continuous disclosure notice dated 29 September 2023.
Cromwell follows ASIC’s good practice guidance for website disclosure of material information. This means that all material information in relation to the Cromwell Direct Property Fund will be posted on the Cromwell Direct Property Fund continuous disclosure page as soon as practicable after Cromwell becomes aware of it.
View the Cromwell Direct Property Fund continuous disclosure.
Additional unit application form
Distribution reinvestment plan nomination form
Identification form – individuals and sole traders
Identification form – Australian companies
Identification form – Australian regulated trusts (including Self Managed Super Funds)
Identification form – unregulated Australian trusts and foreign trusts
View tax information for the fund.
Property portfolio
Contact us
National Manager – Adviser Distribution – VIC/SA/WA/TAS
T: 0438 046 893
E: Daniel.Thomas@cromwell.com.au
State Manager – Adviser Distribution – QLD/NSW/ACT/NT
T: 0467 284 727
E: Narelle.Avery@cromwell.com.au
Footnotes
- Based on distributions of 4.75 cents per unit p.a. and ex-unit price of $0.7571 as at 31 October 2024.
- As at 31 October 2024. After fees and costs. Performance data for periods longer than one year have been annualised. Past performance is not a reliable indicator of future performance.
- Capital growth, distributions and tax consequences are not guaranteed and are subject to the assumptions and risks contained in the PDS. Past performance is not a reliable indication of future performance.
- Positions in the Fund are subject to change. Calculated using the Fund’s unaudited financial management accounts as at 31 October 2024.
- The Fund holds an indirect interest in the property via an investment in the underlying managed investment scheme, of which CFM is the responsible entity. The underlying scheme is closed to investment. For further information, see Section 9.7 of the PDS.
- The rating published on 05/2024 for the Cromwell Direct Property Fund is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.
Important information
Units are issued by the Fund at a unit price determined in accordance with the Responsible Entity’s Unit Pricing Policy. Per the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority’s (APRA’s) Unit Pricing: Guide to Good Practice, investors will receive compensation for any material unit pricing errors. In accordance with these guidelines the Fund does not pay exited members compensation for material unit pricing errors where the amount of any compensation payable is less than $20.
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared this notice and is the responsible entity of, and the issuer of units in, the Cromwell Direct Property Fund ARSN 165 011 905 (Fund). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 17 November 2020 (PDS). A target market determination (TMD) is available. The PDS, TMD and application form are issued by CFM and are available from www.cromwell.com.au/dpf or by calling Cromwell’s Investor Services team on 1300 268 078. This content has been prepared without taking account of your objectives, financial situation or needs. In deciding whether to acquire or continue to hold an investment you should consider the PDS and assess, with (or without) your financial adviser, whether products fit your objectives, financial situation or needs. CFM and its related bodies corporate, and their associates, do not receive any remuneration or benefits for the general advice given in this notice. If you acquire units in the Fund, CFM and certain related parties may receive fees from the Fund and these fees are disclosed in the PDS.
Please note: Any investment, including an investment in the Fund, is subject to risk. If a risk eventuates, it may result in reduced distributions and/or a loss of some or all of the capital value of your investment. See the PDS for examples of key risks. Past performance is not indicative of future performance. Forward-looking statements in this notice are provided as a general guide only. Capital growth, distributions and tax consequences cannot be guaranteed. Forward-looking statements and the performance of the Fund are subject to the risks and assumptions set out in the PDS.