About Us

Established in 2004, Resolution Capital is a specialist global listed real assets securities manager with a successful long-term investment track record dating back to 1995 and ardent culture of fiduciary responsibility. The firm is majority employee owned and headquartered in Sydney, Australia and has an office in New York, U.S.

We believe that listed real assets is an excellent means of gaining exposure to the underlying returns of some of the world’s highest quality real estate and infrastructure assets in a simple, transparent, liquid and tax efficient form.

Our People

Board of Directors

Michael Cameron
Non Executive Director / Chairperson

Michael Cameron

Michael has held a number of executive and non-executive roles in the Financial Services and Property industries, including CEO of the Suncorp Group, CEO of The GPT Group, and CFO of the Commonwealth Bank of Australia.

Michael is currently Chairman of People’s Choice Credit Union and a Director of the Great Barrier Reef Foundation. He is a fellow of CAANZ, CPA and AICD. In April 2020 he became Chairman of Resolution Capital Limited.

Andrew Parsons
Executive Director / Chief Investment Officer

Andrew Parsons

B. Economics, F. Fin, FAPI, FRICS.

Andrew is one of the founding members of Resolution Capital. Andrew has over 30 years experience in global financial and property markets.

Prior to founding Resolution Capital Andrew worked for the Australian Stock Exchange, CS First Boston and Lend Lease, and is a past Chairman of the Property Council of Australia’s Capital Markets Committee.

Andrew is also a Fellow of the Australian Property Institute, and a Fellow of the Royal Institute of Chartered Surveyors.

Executive Director / Managing Director

Sonia Luton

B. Applied Science (Land Econ).

Sonia joined Resolution Capital in 2012 and has over 25 years' experience in global real estate investment and funds management.

Sonia has managed real estate funds with Australian, European, US and Asian based investments and capital transaction responsibilities in the UK and European markets. In addition, she has had direct experience in fund establishment, structuring documentation and capital raising.

Sonia has previously worked as a Fund Manager at Babcock & Brown, MGPA in London, and held portfolio management roles with Lend Lease in New York and Sydney. Sonia is also on the Board of the B Team Australasia.

Marco Colantonio
Executive Director / Portfolio Manager

Marco Colantonio

B. Applied Science (Land Econ) F Fin, AAPI.

Marco is one of the founding members of Resolution Capital and has over 30 years experience in global financial and property markets.

Marco has previously worked as a Senior Valuer at Jones Lang LaSalle and as a Consultant in JLL’s Advisory business where he was involved in valuing and advising institutional clients in regard to commercial real estate portfolios. He also worked as an Equities Research Analyst at BBY, and a Capital Transactions executive at Lend Lease. While at Lend Lease, Marco worked on real estate projects in Japan and Singapore.

Ian Macoun
Non Executive Director

Ian Macoun

CFA, B Com, MFM, Dip FinSer (FP), FCPA, FAICD.

Ian has broad investment, financial and business experience including 25 years as CEO / Chief Investment Officer of a number of investment management firms and is considered to be one of the leaders of the “boutique movement” of fund managers.

Global Listed Real Estate Team

Andrew Parsons
Chief Investment Officer / GREIT Portfolio Manager

Andrew Parsons

B. Economics, F. Fin, FAPI, FRICS.

Andrew is one of the founding members of Resolution Capital. Andrew has over 30 years experience in global financial and property markets.

Prior to founding Resolution Capital Andrew worked for the Australian Stock Exchange, CS First Boston and Lend Lease, and is a past Chairman of the Property Council of Australia’s Capital Markets Committee.

Andrew is also a Fellow of the Australian Property Institute, and a Fellow of the Royal Institute of Chartered Surveyors.

Marco Colantonio
GREIT Portfolio Manager

Marco Colantonio

B. Applied Science (Land Econ) F Fin, AAPI.

Marco is one of the founding members of Resolution Capital and has over 30 years experience in global financial and property markets.

Marco has previously worked as a Senior Valuer at Jones Lang LaSalle and as a Consultant in JLL’s Advisory business where he was involved in valuing and advising institutional clients in regard to commercial real estate portfolios. He also worked as an Equities Research Analyst at BBY, and a Capital Transactions executive at Lend Lease. While at Lend Lease, Marco worked on real estate projects in Japan and Singapore.

Robert Promisel
GREIT Portfolio Manager

Robert Promisel

BA. Economics and Geography, MS. Urban Planning.

Robert joined Resolution Capital in 2011 as a Global Portfolio Manager. Robert has over 30 years experience in listed real estate securities, bringing a wealth of experience to the team.

Robert has previously worked as the Director of Real Estate Securities at Invista Real Estate in London, Principal and Portfolio Manager with Adelante Capital, and Vice President at European Investors Inc, both in the United States. He has also worked at AEW Capital Management in Boston and RREEF in San Francisco.

Julian Campbell-Wood
GREIT Portfolio Manager

Julian Campbell-Wood

B. Business (Accounting / Finance), M.S Finance, CFA UK.

Julian joined Resolution Capital in 2013 as a Senior Analyst and was promoted to Core Plus Co-Portfolio Manager in July 2014, and again to Global Portfolio Manager in October 2018. Julian commenced in the industry, specifically the real estate sector in 2004.

Julian has previously worked as an Analyst for Barclays Capital and in the real estate division of Macquarie Bank, both in London.

Julian is currently a member of the CFA UK society.

Iddo Snir
Core Plus Portfolio Manager

Iddo Snir

B. Commerce, B. Property & Construction, CFA.

Iddo joined Resolution Capital in 2019 as an Investment Analyst and was promoted to Core Plus Portfolio Manager in January 2022. Iddo commenced in the industry in 2010.

Iddo was previously with Colonial First State Global Asset Management (CFSGAM) as an Investment Analyst with the global property securities team where he was responsible for Australian and New Zealand real estate stock coverage. Prior to this Iddo worked as an analyst in CFSGAM’s global fixed income and direct property funds management teams.

Iddo is a CFA charterholder.

Stefan Pouladi
Co Portfolio Manager for Asia Pacific Strategy

Stefan Pouladi

B. Engineering (Mechanical) (Hon I), B. Commerce (Finance).

Stefan joined Resolution Capital in 2013 as an Investment Analyst. Stefan’s research focus is on the office, diversified, industrial and data centre sectors.

Stefan commenced in the industry in 2010. Prior to joining Resolution Capital, Stefan was a Corporate Finance Analyst at Evans & Partners where he began his career as a graduate.

Stefan holds a Bachelor of Engineering (Mechanical) as well as a Bachelor of Commerce (Finance) with distinction from the University of Sydney.

Claire McKew
Investment Analyst

Claire McKew

B. Commerce (Finance and Accounting), Dip CA.

Claire rejoined Resolution Capital in 2021 as an Investment Analyst, having previously worked for the company in the same role before relocating to London. Claire commenced in the industry in 2012 and her experience includes corporate finance, investment and strategy, with a specific focus on real estate since 2018.

Claire previously worked as a Vice President in the Advisory & Consulting team at Green Street in London, and previously as a Manager in the Strategy & Transactions team at Ernst & Young.

Claire is a member of the Institute of Chartered Accountants Australia & New Zealand.

Hannah Maclean
Investment Analyst

Hannah Maclean

B. Arts / B. Commerce (Finance, Economics & Politics), M. Finance., CFA.

Hannah joined Resolution Capital in 2017 as an Investment Analyst. Hannah’s research focus is on multi-family, diversified and hotels.

Hannah commenced in the industry in 2015 and has experience in credit analysis, equity analysis and fixed income macro research. Hannah has previously worked at AMP Capital Investors within their graduate program, where she rotated through different asset classes.

Hannah is a CFA charterholder.

Investment Analyst

David Balaguer

B. Business and Economics, M. Accounting, CFA.

David joined Resolution Capital in December 2022 as an Investment Analyst in the Global REITs team. David has worked in the industry since 2017.

David previously worked with Green Street, where he was an equity research analyst covering self-storage and net lease in the U.S., as well as working in institutional sales. Prior to that he worked in audit for EY in Memphis.

David has an undergraduate degree in Business and Economics and a graduate degree in Accounting.

David is also a CFA charterholder.

Global Listed Infrastructure Team

Jan De Vos
Real Assets / GLI Portfolio Manager

Jan De Vos

B. Economics, M. Finance, Certified European Financial Analyst (CEFA).

Jan joined Resolution Capital in 2007 as a Senior Analyst and was promoted to Global Property Portfolio Manager in January 2010. He transferred to Real Assets Portfolio Manager in October 2018 and a Global Listed Infrastructure Portfolio Manager in October 2021. Jan commenced in the industry, specifically global real estate markets, in 2003 and brings a wide range of skills to Resolution Capital.

Prior to joining Resolution Capital he worked as a Senior Analyst for LaSalle Investment Management in the Netherlands.

GLI Portfolio Manager

Sarah Lau

B.Commerce (Hons), CFA.

Sarah commenced in the funds management industry in 2007 and has been specifically focused on global listed infrastructure since 2017.

Sarah was previously an Investment Analyst in the global listed infrastructure team at HRL Morrison & Co where she commenced in 2017. Prior to Morrison & Co, Sarah was an Analyst in the Australian General Equities team at Ausbil Investment Management for almost a decade, having joined as a graduate.

Sarah is a CFA charterholder.

GLI Portfolio Manager

Mark Jones

MBA, MTech, BSc (Hons).

Mark commenced in the industry in 2006 and has been specifically focused on global listed infrastructure since 2010.

His most recent role before joining Resolution Capital was with global listed infrastructure specialists 4D Infrastructure, where he was the first employee and worked there for five years. Prior to that, Mark worked for seven years at Goldman Sachs (now known as Yarra Capital Management) where he was responsible for coverage of global and Australian listed infrastructure companies.

Max Vermunt
Investment Analyst

Max Vermunt

M. Fin, B.Sc Com, B.Sc Surv, CFA.

Max commenced in the industry in 2012, specifically in civil engineering, corporate advisory and equities analyst roles.

His most recent role before joining Resolution Capital was with Macquarie Bank where he worked as an Equity Research Associate covering the Infrastructure, Utilities and Transport sectors. In this role he prepared investment research on large cap listed infrastructure stocks including Sydney Airports, Aurizon, Origin, AGL, Transurban and Atlas Arteria amongst others. During his time as a surveyor, he led a team of 20 engineering surveyors on multi-billion dollar projects in the oil and gas industry in Western Australia.

Luke Crowther
Investment Analyst

Luke Crowther

B. Economics (Honours), B. Finance.

Luke joined Resolution Capital in 2023 as an Investment Analyst, focused on Global Listed Infrastructure. Luke has been working in the industry since 2016.

His most recent role before joining Resolution Capital was as a Research Associate at CLSA covering the energy and utilities sectors in Australia. Luke was also a Manager in the Strategy and Transactions team at EY. As a member of the Infrastructure Advisory sub-service line, he gained experience advising on a range of high-profile transactions and economic policy issues in the infrastructure space.

Luke holds a Bachelor of Economics (Honours) and Bachelor of Finance. Luke is a Council Member of the Economic Society of Australia (NSW Branch) and was previously Chair of the NSW Young Economist Network.

ESG Team

Morgan Ellis
ESG Investment Analyst

Morgan Ellis

B. Engineering, M. Applied Finance.

Morgan joined Resolution Capital in 2022 as an ESG Investment Analyst and commenced in the industry in 2014.

Morgan has extensive investment research experience specialising in Global Real Estate and Materials sector companies.

His most recent role before joining Resolution Capital was as Vice President, ESG Research at MSCI, focused on sustainable impact investing, mapping climate risk within global property and power assets, testing carbon regulation scenarios on ASX200 companies’ performance, and assessing modern slavery regulations and their impact on investors.

Before joining MSCI in 2014, Morgan worked as a Senior Consultant for Aurecon in Sydney and as a London-based Sustainability Consultant for AECOM.

Trading Team

Glen Bull
Trader

Glen Bull

B. Commerce, B. Economics, F. Fin.

Glen joined Resolution Capital in 2004 as Portfolio Trader. Glen has over 30 years experience in the financial markets focusing on trading and in analytical roles.

Glen has previously worked as a Money Market Dealer for Suncorp Insurance and Finance, FX Dealer at Citibank, and a Financial Markets Analyst at Standard & Poor’s IMS.

Jim Jin
Head of Quant

Jim Jin

B. Commerce, CFA, FRM.

Jim joined Resolution Capital in 2017 as Quantitative Analyst. In 2023, Jim was promoted to Head of Quant.

Jim has been working in the financial markets industry since 2006. Jim has previously worked as a product analyst for Citigroup, where he was responsible for the development and implementation of investment analytics services. Prior to that, he worked as a performance analyst at both Challenger Limited and J.P. Morgan.

Jim is a CFA charterholder and is a member of the Global Association of Risk Professionals.

Dennis Bui
Performance & Quantitative Analyst

Dennis Bui

B. Commerce, CFA.

Dennis joined Resolution Capital in 2019 as a Performance and Quantitative Analyst. Dennis has previously worked at ISPT in Melbourne in a Performance Analytics role.

Dennis has been working in funds management since 2014 and has experience across middle office and operations having worked with Merricks, IFM and ISPT. His experience spans database and business analytics, performance & attribution and trade support.

Investment Philosophy & Process

We invest in a select and diverse group of real estate and infrastructure securities capable of generating superior risk adjusted returns for investors. We are intent on identifying and avoiding factors in our stock selection which could reasonably result in permanent capital impairment of the underlying investments.

Primarily through bottom up research, we seek to identify and invest in a select group of high quality stocks which afford unique characteristics that the market continues to underappreciate. The team adopts a concentrated portfolio construction approach that invests in a select number of securities in its listed real estate and infrastructure portfolios.

The bottom up analysis undertaken by the investment team is reviewed in conjunction with the identification of ‘top down’, broader investment and direct real estate and infrastructure specific themes. Supporting the bottom up philosophy is the division of research responsibilities amongst the investment team by sector, rather than region.

Our investment team members are specialists in their respective sectors, having travelled widely and been exposed to world best practices. They are uniquely equipped to evaluate companies and their management teams against global peers. By adopting this philosophy, Resolution Capital believes it can create portfolios which have the greatest prospect of delivering returns above inflation and consistent, sustainable, long term out-performance.

Stock philosophy

Stock philosophy

Why invest with us?

Resolution Capital has an enviable performance track record across our suite of listed Real Estate and Infrastructure Funds. You can view the performance summary here.

We are also honoured to be recognised with notable industry ratings and awards across our Funds.

Resolution Capital Global Property Securities Fund (Managed Fund)

Resolution Capital Global Property Securities Fund – Series II

Resolution Capital Global Property Securities Fund (Unhedged) – Series II

Resolution Capital Global Property Securities Fund (Managed Fund)

Resolution Capital Global Property Securities Fund – Series II

Resolution Capital Global Property Securities Fund (Unhedged) – Series II

Resolution Capital Global Property Securities Fund (Managed Fund)

Resolution Capital Global Property Securities Fund – Series II

Resolution Capital Global Property Securities Fund (Unhedged) – Series II

Resolution Capital Real Assets Fund

Resolution Capital Real Assets Fund

Resolution Capital Real Assets Fund
Zenith-winner

8-time winner Global Real Estate Investment Trust Manager of the Year

For more information, view the Morningstar1, Zenith2, and Lonsec3 disclaimer section at the bottom of the page.

Purpose & Values

Andrew Parsons

“We like to be unconventional in our investment approach but also to keep things simple. Our focus is to ensure that our clients have something to rely upon in the long term, we want them to enjoy their lives and not to worry about their investments. Protecting client’s assets and giving them the confidence that we can grow their capital over the long term and give them their money back when they need it, is at the heart of everything that we do.”

Andrew Parsons, Chief Investment Officer

Investment led culture

We are an investment led firm that is focused on delivering investment excellence for clients. Our rigorous investment approach is designed to ensure we can protect and grow our clients capital through market cycles.

Alignment

We co-invest alongside clients in the Funds that Resolution Capital manages and have controlled growth to ensure we can continue to deliver out performance for clients.

Independence

We are majority employee owned which ensures a strong focus on the stability of the team and our ability to outperform for clients.

Sustainability

Real estate and Infrastructure plays a critical role in the broader community. Sustainability and Responsible Investment is therefore essential for us, and we’re proud to have a long history of taking a responsible approach to investing our clients’ funds. For information on our approach to sustainability, please see our ESG section.

Careers

Our workplace culture is one of collaboration, support and personal development.

Our diverse team structure consists of highly skilled professionals dedicated to delivering Resolution Capital’s investment philosophy, purpose and values.

Internships

Resolution Capital takes pride in ensuring interns undertake real world work experience and receive mentoring opportunities to assist them in unlocking their full potential, whilst preparing themselves for their future careers.

To register your interest for any student or graduate opportunities please contact us by filling out a form.

Careers

Our workplace culture is one of collaboration, support and personal development.

Our diverse team structure consists of highly skilled professionals dedicated to delivering Resolution Capitals’s investment philosophy, purpose and values.

Internships

Resolution Capital takes pride in ensuring interns undertake real world work experience and receive mentoring opportunities to assist them in unlocking their full potential, whilst preparing themselves for their future careers.

To register your interest for any student or graduate opportunities please contact us by filling out a form.

Morningstar Disclaimer:

As of 18 July 2023 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Managed Fund) is ‘Gold’.

As of 18 July 2023 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Managed Fund) (ASX:RCAP) is ‘Gold’.

As of 22 August 2022 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund – Series II is ‘Gold’.

As of 22 August 2022 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Unhedged) – Series II is ‘Gold’.

© 2023 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at https://www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 (“ASXO”).

Zenith Disclaimer:

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned ASX:RCAP, WHT0015AU, IOF0081AU, IOF0184AU and WHT0014AU – July 2023) referred to in this piece 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, including target markets of financial products, where applicable, 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 Fund Research Regulatory Guidelines.

Lonsec Disclaimer:

The Lonsec ratings (assigned as follows: Resolution Capital Global Property Securities Fund (Managed Fund) – May 2022; Resolution Capital Global Property Securities Fund (Unhedged) – Series II – September 2022; Resolution Capital Global Property Securities Fund (Hedged) – Series II – September 2022 Resolution Capital Real Assets Fund – May 2023) presented in this document 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 Resolution Capital 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: https://www.beyond.lonsec.com.au/intelligence/lonsec-ratings.

1Morningstar Disclaimer:

As of 18 July 2023 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Managed Fund) is ‘Gold’.

As of 18 July 2023 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Managed Fund) (ASX:RCAP) is ‘Gold’.

As of 18 July 2023 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund - Series II is ‘Gold’.

As of 18 July 2023 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Unhedged) - Series II is ‘Gold’.

© 2023 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or 'class service' have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at https://www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").

2Zenith Disclaimer:

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned ASX:RCAP, WHT0015AU, IOF0081AU, IOF0184AU and WHT0014AU - July 2023) referred to in this piece 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, including target markets of financial products, where applicable, 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 Fund Research Regulatory Guidelines.

3Lonsec Disclaimer:

The Lonsec ratings (assigned as follows: Resolution Capital Global Property Securities Fund (Managed Fund) ASX:RCAP – September 2023; Resolution Capital Global Property Securities Fund (Managed Fund) – September 2023; Resolution Capital Global Property Securities Fund (Unhedged) - Series II – September 2023; Resolution Capital Global Property Securities Fund (Hedged) - Series II – September 2023; Resolution Capital Real Assets Fund – May 2023) presented in this document 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 Resolution Capital 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: https://www.beyond.lonsec.com.au/intelligence/lonsec-ratings.