CT Property Growth & Income I Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -10.4% | 17.6% | 12.9% | -20.5% | 8.0% |
| Sector | -8.1% | 17.3% | 11.4% | -18.0% | 1.8% |
| Rank | 21/44 | 35/46 | 19/48 | 33/53 | 8/54 |
| Quartile | 2 | 4 | 2 | 3 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | -1.0% | 0.4% | 4.4% | |
| Sector | -2.4% | 0.1% | 3.7% | |
| Rank | 9/48 | 19/44 | 21/33 | |
| Quartile | 1 | 2 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| GECINA | 6.56 |
| Tritax Big Box REIT Plc Tritax Big Box REIT Ord GBP0.01 | 5.19 |
| LondonMetric Property PLC LondonMetric Property Ord GBP0.10 | 4.84 |
| YOKOHAMA BUILDING DAWSON WAY PROPERTY COMMON STOCK | 4.30 |
| PRIMARY HEALTH PROPERTIES | 4.05 |
| VONOVIA SE | 3.87 |
| Supermarket Income REIT Plc Supermarket Income REIT Plc ORD GBP0.01 | 3.73 |
| WAREHOUSES DE PAUW | 3.64 |
| PSP SWISS PROPERTY AG | 3.62 |
| UNIT 1 5 RUTLAND WAY CHICHESTE PROPERTY COMMON STOCK | 2.97 |
| Total | 42.75 |
Fund Aims
The investment objective of the Company is to deliver capital and income appreciation. The Company will seek to achieve this investment objective primarily through investment in and/or exposure to a combination of investments in UK commercial property and securities of property and property related issuers listed or operating in the countries of the EU and/or the EEA.
While the securities in which the Company invests will mainly be equity securities, investment may also be made in fixed interest securities, securities convertible into equities and derivatives.
The Company may use derivatives for investment purposes as well as for efficient portfolio management. Such derivatives may include, but will not be restricted to, swaps, contracts for difference, forward currency contracts and financial futures and options.
The Portfolio may invest all or part of its assets in cash or money market instruments (including government securities) if, in the opinion of the ACD, the prevailing market and economic conditions warrant the adoption of such a policy.
Up to 10% of the Portfolio may be invested in separately managed funds (including collective investment schemes) investing predominantly in securities in which the Company may invest.
Non-sterling investments may be hedged back to sterling.
Fund Manager
Alban joined the company in July 2008. He is the lead fund manager of CT Real Estate Equity Market Neutral Fund and CT European Real Estate Securities Fund, and co-manager of the CT Global Real Estate Securities Fund and CT Property Growth & Income Fund. He was previously at Citigroup Global Markets as an equity research analyst focusing on continental European real estate. Prior to that he was at Société Générale Securities, where he focused on transport equity research. He completed a BSc Business and Management programme at ESC Toulouse, including one year at the Brunel University, School of Business Management in London. He also attended CERAM Nice High Business School. In 2005 he obtained a post-graduate Specialised Master in Finance in 2005 from ESCP-EAP.
Marcus Phayre-Mudge joined the company in October 2004 and is a fund manager and head of our Real Estate Securities team. Prior to joining, Marcus was a partner at Thames River Capital (now part of CT Global Asset Management). He was at Henderson Global Investors from 1997 to 2004. He manages the TR Property Investment Trust, the largest European closed-ended real estate equity Investment Trust as well as co-managing CT Property Growth & Income Fund (which he launched in 2005) and the CT Global Real Estate Securities Fund. Prior to joining Henderson, Marcus was an investment surveyor at Knight Frank (1990) and was made an Associate Partner in the fund management division (1995). He qualified as a Chartered Surveyor in 1992 and has a BSc (Hons) in Land Management from Reading University.
Fund Overview
| Mid (03/05/2024) | 1296.25p |
| Historic yield | 4.00% |
| Fund size (31/03/2024) | £296.64m |
| Number of holdings | 54 |
| Entry Charge | 0.00% |
| Ongoing Charges | 1.07% |
| Launch date | 30/01/2015 |
Asset Allocation
| Property | 59.45% | |
| International Equities | 23.13% | |
| Cash and Equivalents | 6.38% | |
| UK Equities | 5.53% | |
| Alternative Trading Strategies | 0.15% | |
| Other Assets | 5.36% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| Property | 59.45% | |
| International Equities | 23.13% | |
| Cash and Equivalents | 6.38% | |
| UK Equities | 5.53% | |
| Alternative Trading Strategies | 0.15% | |
| Other Assets | 5.36% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Real Estate | 60.23% | - | - | - | |
| Real Estate | - | 60.23% | - | - | |
| Real Estate Investment Trusts | - | - | 44.80% | - | |
| Retail REITs | - | - | - | 13.04% | |
| Diversified REITs | - | - | - | 8.40% | |
| Office REITs | - | - | - | 8.04% | |
| Health Care REITs | - | - | - | 5.74% | |
| Other Specialty REITs | - | - | - | 5.19% | |
| Industrial REITs | - | - | - | 3.64% | |
| Residential REITs | - | - | - | 0.76% | |
| Real Estate Investment & Services | - | - | 15.43% | - | |
| Real Estate Holding and Development | - | - | - | 15.43% | |
| Property | 27.87% | - | - | - | |
| Property | - | 27.87% | - | - | |
| Property | - | - | 27.87% | - | |
| Property | - | - | - | 27.87% | |
| Cash and Equivalents | 6.38% | - | - | - | |
| Non-Classified | 5.36% | - | - | - | |
| Alternative Trading Strategies | 0.15% | - | - | - | |
| Alternative Trading Strategies | - | 0.15% | - | - | |
| Alternative Trading Strategies | - | - | 0.15% | - | |
| Alternative Trading Strategies | - | - | - | 0.15% | |
Regional Allocation
| Property | 59.45% | |
| Developed Europe - Excl UK | 23.13% | |
| Cash and Equivalents | 6.38% | |
| UK | 5.53% | |
| Non-Classified | 5.51% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 92.78% | |
| Cash | 7.12% | |
| Pound Sterling | 0.10% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Property | 59.45% | - | |
| Developed Europe - Excl UK | 23.13% | - | |
France
|
- | 7.78% | |
Switzerland
|
- | 7.75% | |
Germany
|
- | 3.87% | |
Sweden
|
- | 3.48% | |
Netherlands
|
- | 0.26% | |
| Cash and Equivalents | 6.38% | - | |
| UK | 5.53% | - | |
United Kingdom
|
- | 5.53% | |
| Non-Classified | 5.51% | - | |
Breakdown By Market Cap (%)
| Large |
|
19.33% |
| Medium |
|
32.36% |
| Small |
|
8.42% |
| Non-Classified |
|
33.51% |
| Cash |
|
6.38% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | GECINA | 6.56% | Real Estate Investment Trusts | France |
| 2 | Tritax Big Box REIT Plc Tritax Big Box REIT Ord GBP0.01 | 5.19% | Real Estate Investment Trusts | United Kingdom |
| 3 | LondonMetric Property PLC LondonMetric Property Ord GBP0.10 | 4.84% | Real Estate Investment Trusts | Direct Property and REITs |
| 4 | YOKOHAMA BUILDING DAWSON WAY PROPERTY COMMON STOCK | 4.30% | Property | Direct Property and REITs |
| 5 | PRIMARY HEALTH PROPERTIES | 4.05% | Real Estate Investment Trusts | Direct Property and REITs |
| 6 | VONOVIA SE | 3.87% | Real Estate Investment & Services | Germany |
| 7 | Supermarket Income REIT Plc Supermarket Income REIT Plc ORD GBP0.01 | 3.73% | Real Estate Investment Trusts | Direct Property and REITs |
| 8 | WAREHOUSES DE PAUW | 3.64% | Real Estate Investment Trusts | Direct Property and REITs |
| 9 | PSP SWISS PROPERTY AG | 3.62% | Real Estate Investment & Services | Switzerland |
| 10 | UNIT 1 5 RUTLAND WAY CHICHESTE PROPERTY COMMON STOCK | 2.97% | Property | Direct Property and REITs |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Real Estate | 5.53% | 23.13% | - | - | - | 31.57% | - | - | 60.23% |
| Property | - | - | - | - | - | 27.87% | - | - | 27.87% |
| Cash and Equivalents | - | - | - | - | - | - | - | 6.38% | 6.38% |
| Non-Classified | - | - | - | - | - | - | 5.51% | - | 5.51% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BQWJ868 |
| Mex Code | IQAAAS |
| Isin Code | GB00BQWJ8687 |
| Citi Code | M3IJ |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 1.07% |
Aims and Benchmark
| Aims | The investment objective of the Company is to deliver capital and income appreciation. The Company will seek to achieve this investment objective primarily through investment in and/or exposure to a combination of investments in UK commercial property and securities of property and property related issuers listed or operating in the countries of the EU and/or the EEA. While the securities in which the Company invests will mainly be equity securities, investment may also be made in fixed interest securities, securities convertible into equities and derivatives. The Company may use derivatives for investment purposes as well as for efficient portfolio management. Such derivatives may include, but will not be restricted to, swaps, contracts for difference, forward currency contracts and financial futures and options. The Portfolio may invest all or part of its assets in cash or money market instruments (including government securities) if, in the opinion of the ACD, the prevailing market and economic conditions warrant the adoption of such a policy. Up to 10% of the Portfolio may be invested in separately managed funds (including collective investment schemes) investing predominantly in securities in which the Company may invest. Non-sterling investments may be hedged back to sterling. |
| Benchmark | 50% MSCI Balanced Monthly Index Funds GBP, 50% FTSE EPRA Nareit Developed Europe Ex-UK Index (Hedged GBP) |
| Benchmark Category | - |
| IA Sector | Other Property |
Fund Background
| Valuation frequency | Daily |
| Valuation point | - |
| Fund type | OEIC |
| Launch price | £10.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 December | 31 January |
| 31 March | 15 May |
| 30 June | 30 July |
| 30 September | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | State Street Trustees Limited |
| Fund Administrator | SS&C Financial Services Europe Limited |
| Fund Registrar | SS&C Financial Services Europe Limited |
| Fund Custodian | BNP Paribas Securities Services |
Group Details
| Group name | Columbia Threadneedle (ex BMO OEIC) |
| Group address | Cannon Place 78 Cannon Street London EC4N 6AG |
| Group telephone | 0845 799 2299 |
| Dealing telephone | - |
| - | |
| Homepage | www.columbiathreadneedle.com |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.