TR Property Investment Trust
Ordinary Shares | December 2020 - all data as of 31/12/2020 unless otherwise stated |
Fund Objective: The investment objective of the trust is to maximise total returns by investing in Pan European equities and UK direct property, focusing on long term capital and income growth.
Fund manager(s): Marcus Phayre-Mudge | Initial charge: | 0.00% | Year end: | 31 March | |||
Fund type: | UK Investment Trust | Ongoing charge: | 0.67% | ISIN: | GB0009064097 | ||
Sector: | AIC Property Securities | Ann. Mgmt fee: | £3.745m plus 0.20% | FATCA: | ML6PKQ.99999.SL.826 | ||
of net assets p.a. | |||||||
Benchmark: | FTSE EPRA/NAREIT | Administrator: | BNP Paribas | ||||
Developed Europe | Ann. Return 5 Years: | 9.66% | |||||
Tel: | + 44 (0)20 7011 4444 | ||||||
Capped TR Net GBP | |||||||
Price frequency: | Daily | ||||||
Email: | sales.support@bmogam.com | ||||||
Fund currency: | GBP | ||||||
Performance fee: 15% of outperformance | |||||||
www.trproperty.com | |||||||
Fund size: | £1389.1m | ||||||
of benchmark plus 1% hurdle | |||||||
Share price: | 413.0p | Distribution policy: | Semi-annual | ||||
Historic Yield: | 3.5% | Share currency: | GBP | ||||
Net gearing: | 17.9% | Payment date(s): | January, August | ||||
Top holdings (% NAV) | Fund performance (%) | |
Sector allocation (% NAV)
VONOVIA SE
LEG IMMOBILIEN AG GECINA SA ARGAN
SEGRO PLC
DEUTSCHE WOHNEN AG-BR KLEPIERRE
SAFESTORE HOLDINGS PLC PSP SWISS PROPERTY AG-REG AROUNDTOWN PROPERTY HOLDINGS
11.7 | % | |||||||
6.3 | 70 | Fund | ||||||
4.8 | 60 | Benchmark | ||||||
4.3 | 50 | Share Price | ||||||
3.9 | 40 | |||||||
3.9 | 30 | |||||||
3.1 | 20 | |||||||
3.1 | ||||||||
10 | ||||||||
3.0 | ||||||||
0 | ||||||||
2.9 | ||||||||
-10 | ||||||||
-20 | 1 month | 3 months | 6 months | Year to date | 1 Year | 3 Years | 5 Years |
AUSTRIAN DIVERSIFIED | 0.6 |
BENELUX DIVERSIFIED | 2.5 |
EUROPEAN SHOPPING CENTRES | 7.3 |
FRENCH OFFICES | 7.7 |
GERMAN OFFICES | 5.2 |
GERMAN RESIDENTIAL | 27.0 |
HOTELS | 0.3 |
INDUSTRIALS | 15.5 |
IRISH OFFICES | 1.1 |
NORDIC RESIDENTIAL | 3.0 |
NORWEGIAN OFFICES | 1.3 |
SELF STORAGE | 3.1 |
SPANISH DIVERSIFIED | 2.3 |
Cumulative performance as at 31.12.2020 (%)
1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years | 5 Years | |
NAV | 3.56 | 10.13 | 13.80 | -3.20 | -3.20 | 17.70 | 58.64 |
Benchmark | 3.66 | 11.17 | 12.25 | -5.70 | -5.70 | 5.97 | 36.04 |
Share price | 7.71 | 21.30 | 25.48 | -11.97 | -11.97 | 14.77 | 61.19 |
Discrete performance as at 31.12.2020 (%)
Dec-19 - | Dec-18 - | Dec-17 - | Dec-16 - | Dec-15 - | |
Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | |
NAV | -3.20 | 28.30 | -5.23 | 23.22 | 9.38 |
Benchmark | -5.70 | 21.32 | -7.37 | 17.04 | 9.69 |
Share price | -11.97 | 41.42 | -7.81 | 37.30 | 2.30 |
Source: BMO Global Asset Management, Lipper
Performance data is in GBP £ terms. Investors should be aware that past performance should not be considered a guide to future performance. All fund performance data is net of all fees and expenses.
STOCKHOLM OFFICES | 2.8 |
STUDENT HOUSING | 2.2 |
SUPERMARKETS | 2.7 |
SWEDISH DIVERSIFIED | 6.4 |
SWISS DIVERSIFIED | 3.0 |
UK DIVERSIFIEDS | 5.5 |
UK HEALTHCARE | 1.3 |
UK LONDON OFFICES | 4.8 |
UK LONDON RETAIL | 0.6 |
UK MAJORS | 4.1 |
UK RETAIL | 0.1 |
UK/IRELAND RESIDENTIAL | 0.7 |
UK DIRECT PROPERTY | 6.7 |
TOTAL | 117.9 |
Risk warning
The value of investments and any income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested. The market value of the shares of TR Property may not reflect the underlying
net asset value of the investments held by TR Property. TR Property is able to borrow to raise further funds for investment purposes if the fund manager and the board of directors consider that it may be commercially advantageous to do so. This is generally described as "gearing". An investment trust which has made investments as a result of gearing may have a more volatile share price as a result; gearing can increase shareholder returns in rising markets but conversely can increase the extent to which the value of the funds attributable to shareholders decreases in falling markets.
Strategic allocation (% NAV)
Continental Shares | 78.8 |
UK Shares | 32.4 |
UK Direct Property | 6.7 |
TOTAL | 117.9 |
Shares are based on Country of Domicile
TR Property Investment Trust
Ordinary Shares | December 2020 - all data as of 31/12/2020 unless otherwise stated |
Dividend history (pence per share)
16 | Interim | |||||||||||||||
Final | ||||||||||||||||
14 | ||||||||||||||||
12 | ||||||||||||||||
10 | ||||||||||||||||
8 | ||||||||||||||||
6 | ||||||||||||||||
4 | ||||||||||||||||
2 | ||||||||||||||||
0 | ||||||||||||||||
05/06 | 06/07 | 07/08 | 08/09 | 09/10 | 10/11 | 11/12 | 12/13 | 13/14 | 14/15 | 15/16 | 16/17 | 17/18 | 18/19 | 19/20 | 20/21 |
Historical Performance
250%
200%
150%
100%
50%
0%
-50%
Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 |
TR Property Investment Trust (NAV with Income) | FTSE EPRA Nareit Developed Europe Capped Index (Net, GBP) | ||||||||
This financial promotion is issued for marketing and information purposes only by BMO Global Asset Management in the UK.
English language copies of the Fund's Prospectus and English language copies of the key investor information document (KIID) can be obtained from BMO Global Asset Management, Exchange House, Primrose Street, London EC2A 2NY, telephone: Client Services on 0044 (0)20 7011 4444, email: client.service@bmogam.com or electronically at www.bmogam.com. Please read the Prospectus before taking any investment decision.
The information provided does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in the Funds. An investment may not be suitable for all investors and independent professional advice, including tax advice, should be sought where appropriate.
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©2021 BMO Global Asset Management. Financial promotions are issued for marketing and information purposes; in the United Kingdom by BMO Asset Management Limited, which is authorised and regulated by the Financial Conduct Authority; in the EU by BMO Asset Management Netherlands B.V., which is regulated by the Dutch Authority for the Financial Markets (AFM); and in Switzerland by BMO Global Asset Management (Swiss) GmbH, which is authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA). Telephone calls may be recorded.
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TR Property Investment Trust plc published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 09:07:05 UTC