Equity

Legg Mason Martin Currie Property Securities Fund

Annualised Net Performance as of

Daily Statistics as of

1 Year

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3 Year

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5 Year

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Daily Statistics as of

YTD Return

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Exit Price

APIR Code/ASX Ticker {{shareClass.altcodes.apir}} -

Share Class Inception Date

Performance Inception Date

AUM

Morningstar Rating

Legg Mason Martin Currie Property Securities Fund
Investment Objective

The Fund aims to earn an after-fee return in excess of the Benchmark over rolling three-year periods.

Highlights
  • Invests in a diversified portfolio of listed Australian property or related securities trading below intrinsic values 
  • Focused on replacement cost rents and securities with sustainable cash flows 
  • Dedicated local team with deep knowledge of A-REIT markets enables research insights to be captured and implemented quickly and consistently  

  • Risks   

    It is important to understand that the value of the investments may go up and down, investment returns are not guaranteed and investors may lose some of their money. The appropriate level of risk for each person depends on a range of factors, including age, investment time frame and the investor’s risk tolerance.

    For more detailed information relating to the risks of the Fund, please refer to the relevant Product Disclosure Statement.

Annualised Performance (%)

As of
The reported share class has insufficient data history to be able to show past performance.
1-y % 3-y % 5-y % 10-y % Inception

Calendar Performance

As of 
Calendar performance data is not available for selected share class
The reported share class has insufficient data history to be able to show past performance.

(As of ) At NAV excluding sales charges
The reported share class has insufficient data history to be able to show past performance.

  • Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The returns shown have been calculated using the net asset value of the Fund from one period to the next and are after fees and expenses. The return of capital is not guaranteed.

Rolling 12 Month Performance

As of
Annual discrete performance data is not available for selected share class
The reported share class has insufficient data history to be able to show past performance.

(As of ) At NAV
The reported share class has insufficient data history to be able to show past performance.

Cumulative Performance

As of
The reported share class has insufficient data history to be able to show past performance.
YTD % 1-m % 3-m % 1-y % 3-y % 5-y % 10-y %

  • Past Performance is not a reliable indicator of future performance. Please note all performance figures are quoted net of fees.

Daily Statistics

As of
Daily Statistics data is not available for selected share class
Entry Price -
Exit Price -
Total AUM (in millions) -

Fund Facts

Share class inception date
Benchmark
APIR code
Distribution frequency
Management cost
Performance Fee
Buy/Sell spread
Suggested investment timeframe
Unit price frequency

  • Management costs and Buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.

Three-Year risk statistics (Annualised)

As of
Three Year Risk Statistics data is not available for selected share class
Standard deviation (%)
Information ratio
Tracking error (%)
R-squared (%)
Sharpe ratio

Literature

Product Literature

Forms & Applications

Regulatory Documents

Featured Documents

Portfolio Characteristics

Portfolio statistics

As of
Number of Holdings
Percentage of top 10 holdings (%)

Industry breakdown (%)

As of 30/09/2020
Diversified REITs 31.48
Retail REITs 24.88
Industrial REITs 23.36
Office REITs 12.21
Residential REITs 3.11
Diversified Real Estate Activities 3.06
Real Estate Development 1.33
Cash & Cash Equivalents 0.57

Country of issue (%)

As of 30/09/2020
Australia 99.43
Cash & Cash Equivalents 0.57

  • Portfolio holdings and allocation breakdowns are subject to change at any time without notice. The information provided is provided for information purposes only and should not be considered a recommendation to purchase or sell any particular security in the industries shown. Due to rounding totaled percentages may not equal 100%.

    A negative cash position may be apparent, which is primarily due to the Fund's unsettled trade activity. This is a more concise approach to defining the cash position and it best represents sector exposures in the Fund.

Martin Currie builds global, stock-driven portfolios based on fundamental research, devoting all of its resources to delivering optimum investment outcomes and superior client relationships.

Ashton Reid, CPA, CFA

Portfolio Manager

With firm since 1998 

Andrew Chambers, CA

Portfolio Manager

With firm since 2011

Holdings

Top 10 Holdings (%)

As of 30/09/2020
Goodman Group 23.36
Scentre Group 14.77
Stockland 10.75
Dexus 8.17
Mirvac Group 6.91
Charter Hall Group 5.93
GDI Property Group 4.04
Charter Hall Retail REIT 3.56
Aventus Group 3.49
Ingenia Communities Group 3.11

Detailed Holdings

Detailed Holdings data is not available for selected share class
Par/Shares Securities description Market value % of investments Country Maturity Date Asset Type S&P Credit Quality Moodys Credit Quality

  • Portfolio holdings are subject to change at any time without notice. The information provided is provided for information purposes only and should not be considered a recommendation to purchase or sell any particular security. Due to rounding totaled percentages may not equal 100%.

Quantitative Rating

The Legg Mason Martin Currie Property Securities Fund received an overall rating of 3 stars out of 120 Australian Equity funds as of 30 September 2020. 

Qualitative Ratings

  • You should refer to respective research houses (and their disclaimers on this page) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date(s) stated. 

  • Martin Currie

    Martin Currie, our global equity specialist manager, has a presence in Australia since 1954. Today Martin Currie is a leading provider of active equity solutions, managing a growing suite of equity, multi-sector and tailored strategies.

  • The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http:// www.zenithpartners.com.au/RegulatoryGuidelines.

  • The Lonsec Ratings presented are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Legg Mason Asset Management Australia Limited products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings

  • Legg Mason Asset Management Australia Ltd (ABN 76 004 835 849 AFSL 240827) is part of Franklin Resources, Inc. Any reference to Legg Mason Australia or Martin Currie Australia is a reference to Legg Mason Asset Management Australia Limited. Martin Currie Australia is a division within Legg Mason Asset Management Australia Limited. Before making an investment decision you should read the Product Disclosure Statement (PDS) for the Fund carefully and you need to consider, with or without the assistance of a financial advisor, whether such an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. The PDS is available and can be obtained by contacting Legg Mason Australia on 1800 679 541. This product has not been prepared to take into account the investment objectives, financial objectives or particular needs of any particular person. Neither Legg Mason Australia, nor any of its related parties guarantees any performance or the return of capital invested. Past performance is not necessarily indicative of future performance. Investments are subject to risks, including, but not limited to, possible delays in payments and loss of income or capital invested. These opinions are subject to change without notice and do not constitute investment advice or recommendation.