Resolution Capital Global Property Securities Fund (Managed Fund) (ASX:RCAP)

Existing Unitholders: Please note that Resolution Capital Global Property Securities Fund (Managed Fund) has transitioned the unit registry services effective 14 February 2022. Read more

Overview

The Resolution Capital Global Property Securities Fund (Managed Fund) (the ‘Fund’) gives investors exposure to the underlying returns of some of the world’s highest quality real estate assets through a select portfolio of global real estate investment trusts (‘REITs’) and property companies.

 

The Fund is also available as an Exchange-Traded Managed Fund (ETMF) – also known as an active ETF –  accessible for investment on the ASX under the ticker RCAP.

Introducing the Resolution Capital Global Property Securities Fund (Managed Fund) (ASX:RCAP)

Overview of Resolution Capital

Why invest in Global Listed Real Estate (GREITs)?

ASX Monthly Market Series: REITS Q&A

INSIDE GLOBAL REITs interview series

Global Portfolio Manager, Robert Promisel, speaks with the CEOs of some of the key property companies in the portfolio,  which highlight the quality and diversity of holdings in the Fund portfolio.

Visit our News & Insights page to view videos

Key Features

ASX Ticker RCAP
APIR Code WHT0015AU
ARSN Code 128 122 118
Investment return objective1 The Fund aims to achieve an annual total return that exceeds the total return of the Benchmark after fees on a rolling 3 year basis
Benchmark FTSE EPRA/NAREIT Developed Index (AUD Hedged) Net TRI
Portfolio Allocation2 85% – 100% invested in global listed REITs and real estate securities3

0% – 15% invested in cash and short dated money market securities

Inception Date (Fund) 30 September 2008
Active ETF Listing Date 22 February 2022
Fees Management Fee: 0.80% p.a. on the net asset value of the Fund. Performance Fee: 20% of the Fund’s outperformance of the Benchmark net of the management fee and expenses.
Buy/Sell Spread4 +0.20%/-0.20%
Distributions Quarterly, payable in the month following the periods ending 30 September, 31 December, 31 March and 30 June
Registry Automic Group
Market Making Agent Citigroup
iNav Providers Solactive (Primary) & ICE (Secondary)

1The investment objective is not intended to be a forecast, it is only an indication of what the investment strategy aims to achieve over the medium to long term. The Fund may not achieve its investment objective and returns are not guaranteed.

2The above ranges are indicative only. The Fund will be rebalanced within a reasonable period of time should the exposure move outside of the above ranges.

3The Fund may also invest in international or domestic shares proposed to be listed within six months on any such recognised exchange, limited to 10% of the Fund’s net asset value.

4Only applicable for investors who apply for units directly with Pinnacle Fund Services Limited (the Responsible Entity).

Ratings

The Resolution Capital Global Property Securities Fund (Managed Fund) received a ‘Gold’ Morningstar Analyst Rating™ (as of 22 August 2022)1. The Resolution Capital Global Property Securities Fund (Managed Fund) (ASX:RCAP) received a ‘Gold’ Morningstar Analyst Rating™ (as of 5 September 2022)1. Resolution Capital Global Property Securities Fund (Managed Fund) has been rated ‘Highly Recommended’ by Zenith Investment Partners (July 2022)2 and ‘Highly Recommended’ by Lonsec Research (May 2022)3. For more information, view the “Disclaimer and disclosure” section at the bottom of the page.

RCAP

The Resolution Capital Global Property Securities Fund (Managed Fund) (ASX: RCAP) is available as an active Exchange Traded Fund (ETF), allowing investors to buy and sell on the Australian Stock Exchange (ASX).

      • Simple: Click to buy on the stock exchange. Easy to switch between quoted and unquoted unit
      • Accessible: No minimum investment amount
      • Liquid: Investors can buy/sell intraday on the ASX
      • Transparent: Live trading price, quarterly full portfolio disclosure

 

About Active ETFs

Active ETFs are actively managed by fund managers to generate alpha and outperform relevant benchmarks. They are also sometimes known as Exchange Quoted Managed Funds (EQMFs), Exchange Traded Managed Funds (ETMF), listed managed funds or quoted managed funds.

 

Active ETFs will aim to beat the benchmark using a number of active investing strategies. They operate in a similar way to traditional managed funds but have the benefit of transparent, live intra-day pricing and market-making capability.

 

Investors invest in the active ETF by using a stockbroker, financial adviser or share trading platform.

iNAV*

per unit as at
November 28, 2022 04:29:59 (pm)

$1.5894

1 second delayed price

NAV

per unit as at

25 November 2022
close of business

$1.5774

ASX Announcements

Disclaimer – Investors who apply for units directly with Pinnacle Fund Services Limited (the Responsible Entity) may pay a different price per unit to an investor who purchases those units on the ASX at the same time, and such differences may have a material impact on the performance of that investment.

*An indicative NAV per Unit (iNAV) will be published on the Fund’s website throughout the ASX Trading Day. The iNAV will be based on the latest closing price of each security, and will take into account proxies (including futures) where a live price is unavailable (for example, if the relevant market is closed). The iNAV reflects the real time movements in stock markets and currencies during the ASX Trading Day and, for securities not trading during the ASX Trading Day, listed proxy instruments selected on the basis of correlations with the underlying investments. The proxies and their correlations with underlying instruments are reviewed regularly and updated as required.

The iNAV represents the best estimate by the Responsible Entity or its appointed agents of the value per unit in the Fund throughout the trading day. No assurance can be given that the iNAV will be published continuously or that it will be up to date or free from error. To the extent permitted by law, neither the Responsible Entity nor its appointed agent shall be liable to any person who relies on the iNAV.

PERFORMANCE

Net Fund Performance: A$25,000 Invested Since Inception

*The benchmark index is the FTSE EPRA/NAREIT Developed Index (AUD Hedged) Net TRI. Note: From 1 April 2015 the benchmark changed from UBS Global Real Estate Investors Index (AUD Hedged) Net TRI to FTSE EPRA/NAREIT Developed Index (AUD Hedged) Net TRI.

Past performance is not a reliable indicator of future performance. Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding taxation. Investors who apply for units directly with the Responsible Entity may pay a different price per unit to an investor who purchases those units on the ASX at the same time, and such differences may have a material impact on the performance of that investment. The above performance reflects the performance of the Fund where units are purchased and redeemed directly with the Responsible Entity only.

Inception Date: 30 September 2008

Net Fund Performance as at 31 October 2022

1mth
%
3mth
%
1yr
%
3yr
%p.a.
5yr
%p.a.
Inception
%p.a.*
FUND1 2.8 -14.2 -20.4 -4.5 1.6 7.5
INDEX2 3.1 -14.3 -21.6 -6.2 0.1 4.8
ALPHA -0.3 0.1 1.2 1.7 1.5 2.7

 

*Inception Date: 30/09/2008
1Resolution Capital Global Property Securities Fund (Managed Fund). Please note that the name of the fund changed from “Resolution Capital Global Property Securities Fund” to “Resolution Capital Global Property Securities Fund (Managed Fund)” on 22 February 2022 in order to facilitate quotation of the fund on the ASX.
2From 1 April 2015 the benchmark changed from UBS Global Real Estate Investors Index (AUD Hedged) Net TRI to FTSE EPRA/NAREIT Developed Index (AUD Hedged) Net TRI.

Disclaimer: Past performance is not a reliable indicator of future performance. Investors who apply for units directly with the Responsible Entity may pay a different price per unit to an investor who purchases those units on the ASX at the same time, and such differences may have a material impact on the performance of that investment. The above performance reflects the performance of the Fund where units are purchased and redeemed directly with the Responsible Entity only.

UNIT PRICING

as at 25 November 2022

Resolution Capital Global Property Securities Fund (Managed Fund) APIR WHT0015AU ARSN-128 122 118
Entry Price Exit Price
1.5806 1.5742

DISTRIBUTION HISTORY – CPU

Resolution Capital Global Property Securities Fund (Managed Fund)
30 Sep 2022 30 Jun 2022
1.0243 3.8790


Invest Now

Invest via the ASX

The Fund is listed on the ASX under the ticker: RCAP. This means you can buy and sell units in RCAP through your online trading account or via your broker or licensed adviser in the same way that you trade shares in other ASX-listed companies. You can view your RCAP investment alongside any other direct shareholding you have.

Platform availability

You can also invest in the Fund on the below Platforms. If the Fund is not available on your preferred platform, please contact us. Please check with your platform for minimum investment requirements and fees.

AMP North

AMP PortfolioCare

Asgard

BT Panorama

CFS FirstChoice

CFS FirstWrap

DPM

FNZ

HUB24

IOOF eXpand

IOOF Wrap

Macquarie Wrap

Mason Stevens

Mercer Portfolio Service

MLC Navigator

MLC Wrap

MMC

Netwealth

PlatformplusWrap

PowerWrap

Praemium

Premium Choice

uXchange

Apply Online

Complete and submit an application in a quarter of the time it takes to invest via paper based application. Investors with a verified account can top-up investments or invest in other funds in a fraction of the time.

FRequently asked questions

What is the difference between the listed and unlisted unit?

You are investing in the same fund but you have a choice whether you hold unlisted units via the responsible entity (RE) or buy the listed units on the ASX in the same way you buy other publicly listed ETFs and shares.

What is an Exchange Traded Managed Fund (managed fund)?

Exchange traded managed funds are actively managed by fund managers to generate alpha and outperform relevant benchmarks. They are also sometimes known as active Exchange Traded Funds (ETFs), Exchange Quoted Managed Funds (EQMF), listed managed funds or quoted managed funds.

Exchange traded managed funds will aim to beat the benchmark using a number of active investing strategies. They operate in a similar way to traditional managed funds but have the benefit of transparent, live intra-day pricing and market making ability which ensures liquidity.

Investors invest in the exchange quoted managed funds by using a stockbroker, financial adviser or share trading platform.

How do I invest in ASX:RCAP?

To invest via the ASXYou can buy and sell units in RCAP via your online share trading platform, your stockbroker or your financial adviser.

 

To invest via the responsible entity (RE)You can apply online at rescap.com/invest. Alternatively, you can download a printer-friendly Application Form from the Fund Documents and Forms section of the relevant Fund page on our website, you will need to print the completed Form and return the original signed Form to the Registry via post:

Resolution Capital Global Property Securities Fund (Managed Fund)
C/- Automic Group
GPO Box 5193
Sydney NSW 2001

 

If you are a wholesale investor as defined in section 761G of the Corporations Act 2001 and wish to invest via the RE in the Resolution Capital Global Property Securities Fund (Managed Fund) – Class B (APIR WHT0024AU), please contact Client Services on 1300 737 240 Monday to Friday between 8.30am and 5.30pm (Sydney time) or via email at clientservices@rescap.com.

 

Online Applications are available for individuals, partnerships, SMSF’s, superannuation funds, other regulated trusts, and companies. Note, applications for unregulated trusts (such as family and testamentary trusts) CANNOT be completed online.

Unlisted Unit Applications – Additional information

When will my application be processed?

Applications received prior to 12:00pm Sydney time (on a Sydney business day) are deemed to be received that day. Applications received after 12:00pm Sydney time are deemed to be received the next business day. Note that applications are only processed once the Registry receives the correctly completed Application Form and are satisfied with the AML/CTF and other verification information.

Can the account be solely under a minor’s name?

No. An adult or guardian must open the account on behalf of the minor (i.e., acting as trustee for the minor). The account will include the name of the adult. As such, information of the adult and the minor must be recorded in the Application Form. 

If I provide my adviser access to my account information per Section 5 of the Application Form, are they authorised to act on my account?

No, they are not. Advisers will only be copied in on your transaction statements, investor communication and Annual Financial Reports UNLESS you choose to nominate them as an authorised representative. Refer to the ‘How to appoint an Authorised Representative’ section of this FAQ. 

If I am acting under a Power of Attorney (POA), do I have to provide a certified copy of the POA?

Yes. Attach an original certified copy of the Power of Attorney. The front page and the signature pages of the document must be certified at a minimum. Provide an original certified copy of identification documents for the Attorney(s) as required for individuals (i.e., current Australian driver’s licence or passport) or company (refer to C.6 or D.6 of section 1 of the Application Form). All Attorneys must be identified.

Can I request for my initial investment to be direct debited?

No. We cannot direct debit your initial investment.

If I have provided the payment but you have questions on my Application Form, will my application be processed?

No. A correctly completed Application Form and satisfactory AML/CTF and other verification information must be received by the Registry before your application can be processed.

How do I redeem my investment from the Fund?

The avenue by which you invested in the Fund, either via buying units from the RE or via the ASX, does not restrict how you can redeem your investment.

 

Please note that there are differences when you redeem via the RE or by sell on the ASX including the price you may receive. You should read the PDS or speak with your adviser before you decide which avenue you use.

 

To redeem via the ASX – Log into your share trading platform and issue a sell order, just as you would for any listed ETF or share. This is a straightforward process if you have a Holder Identification Number (HIN) associated with your holding. If have a Securityholder Reference Number (SRN), ask your stockbroker if they can sell your units on your behalf. If they are unable to do that, you will need to ask your stockbroker or trading platform if they can convert your holding into a HIN after which you will be able to sell your holding via the ASX.

 

To redeem via the responsible entity (RE) – You can redeem part or all of your investment at any time by completing a Redemption Request Form can be found within the Fund Documents and Forms section of the relevant Fund page on our website and submit it direct to the Registry by fax or post as per the details provided on the form. You will need to provide your Investor Number (SRN) on the redemption form. If you have a Holder Identification Number (HIN) instead, you will need to convert your holding from a HIN to an SRN with the assistance of your stockbroker or online trading platform.

 

Alternatively, you can redeem online at rescap.com/client-login via the online investor portal.

Unlisted Unit Redemptions – Additional information

When will my redemption request be processed?

Please refer to the PDS and note that when you redeem, your units will be redeemed based on the exit price for the business day on which your redemption request is processed. Redemption requests must be received by the Registry prior to the cut-off time 12.00pm Sydney time. Redemption requests received after that time, or on a non-business day, will be treated as being received on the next business day.

Are there any exit fees?

No, Resolution Capital does not charge entry or exit fees on any of its products.

Can I change the bank account details that are currently held by the Registry on the redemption request instruction?

You may update your bank account details at the same time as submitting your redemption request by using the Redemption Request Form. Please note that proceeds cannot be made to third party bank accounts. The nominated bank account name must be in the same name as the investor(s).

How do I make an additional investment?

Invest via the ASX – You can buy additional units in RCAP via your online share trading platform, your stockbroker or your financial adviser. Log into your share trading platform and issue a buy order, just as you would for any listed ETF or share. This is a straightforward process if you have a Holder Identification Number (HIN) associated with your holding.

 

Invest via the responsible entity (RE) – You can make additional investments into your current account by BPAY at rescap.com/invest where you can login to the relevant online investor portal or register for online access. Your individual BPAY details are available on the portal. For investors submitting an additional application via BPAY, an additional investment form is not required. The registry will identify your funds against your BPAY customer reference number.

 

Alternatively, you can complete an Additional Investment Form or send a written instruction including your investor number (SRN), signed by the authorised signatories to the account and remit your funds via EFT. The Additional Investment Form can be found within the Fund Documents and Forms section of the relevant Fund page on our website and can be faxed or posted to the contact details provided on the form. You can electronically transfer the funds into the Registry’s bank account, remembering to include your investor number (SRN) in the transfer details. Bank account details are provided on the Form.

 

Note: The Additional Investment Form cannot be used for an initial investment application in another fund managed by Resolution Capital. Initial investment applications in a Fund can be made online at online at rescap.com/invest or by completing a new Application Form which can be found within the Fund Documents and Forms section of the relevant Fund page on our website.

Unlisted Unit Applications - What identification documents are required?

Where identification documents are requested, an Australian driver’s licence must be valid and cannot be expired. An Australian passport that has expired within the preceding 2 years is acceptable. If a person is unable to provide a current Australian driver’s license or passport, click here for a full list of acceptable identification documents in this situation.

 

Where documents are required to be certified, click here for a full list of persons both in Australia and outside of Australia who are acceptable certifiers.

 

The person certifying the document will need to include the following information on the photocopy:

I. “I certify that this is a true copy of the original document”;
II. The certifier’s:

– full name; and
– occupation, qualification, position or registration number (if any), which makes them eligible to certify documents;

III. the date the document was signed; and
IV. The certifier’s signature.

 

The certification must be in original wet ink and the certifier cannot provide certification for themselves or their family member. If the certification is not acceptable, you may be asked for new certified documents.

 

The original certified copy of the document must be provided. That is, the original signature of the certifier on the photocopied document. Copies of certified documents will not be sufficient. 

 

If I have to provide a certified copy of a trust deed, can I provide excerpts?

Yes, however you MUST provide the certified copy of the following pages of the trust deed:

I. The cover page;
II. The page which documents the name of the trust and the trustee (preferably on the same page in order to verify the relationship);
III. The page with the date of the trust deed;
IV. The signed pages of the trust deed;
V. The page that lists the name and/or class of beneficiaries of the trust; and
VI. The page which documents the name of the settlor.

Unlisted Unit Applications - Can I appoint an authorised representative?

Yes. A person or company appointed as your authorised representative is authorised by you to: apply for units in the Fund(s) and sign all documents necessary for this purpose; make requests to redeem all or some of your units (receipt by the authorised representative or as directed by the authorised representative fully discharges our redemption obligations to you); and make written requests for information regarding your investment. Please refer to the PDS for the applicable terms in appointing an authorised representative.

 How do I appoint an authorised representative?

You can appoint an authorised representative at any time by completing the relevant Authorised Representative Form (Individual or Company) and post the original together with accompanying documents to the Registry.

 Is the authorised representative required to be verified for AML/CTF purposes?

Yes. Please also provide an original certified copy of documents as stated on the Authorised Representative Form. 

How do I remove an authorised representative?

You can cancel your appointment of the authorised representative by giving us 14 days prior notice in writing. You may post or fax your signed written instruction to the Registry. If the instruction is posted, please allow for sufficient time for the Registry to receive the document when determining the date on which the 14 days’ notice period begins.

Post:
Resolution Capital Global Property Securities Fund (Managed Fund)
C/- Automic Group
GPO Box 5193
Sydney NSW 2001

Fax:
Resolution Capital Global Property Securities Fund (Managed Fund)
C/- Automic Group
+61 2 8583 3040

Unlisted Units - How do I change my investment details or transfer my investments?

How do I notify you of changes to my details?

You can update your investment details by logging into the investor portal which you can access at rescap.com/client-login. Please note if you wish to update the Account Operating Authority, this cannot be done via the portal.

 

Alternatively, please complete the Change of Details Form which can be found within the Fund Documents and Forms section of the relevant Fund page on our website, or draft a letter with the following details:

I. Date
II. Name of Fund
III. Investor Name
IV. Investor number (SRN)
V. Nature of change

 

The Change of Details Form or letter must be signed by authorised signatories on your account (in accordance with your Application Form) and then posted or faxed to the Registry:

Post:
Resolution Capital Global Property Securities Fund (Managed Fund)
C/- Automic Group
GPO Box 5193
Sydney NSW 2001

 

Fax:
Resolution Capital Global Property Securities Fund (Managed Fund)
C/- Automic Group
+61 2 8583 3040

How do I transfer my units into another name?

Transferring your investment or part thereof into another name is likely to have taxation implications so you should consult with your financial adviser or taxation consultant first. Should you wish to proceed, please complete an Australian Standard Transfer Form (ASTF) along with a new Application Form, providing the required identification and/or documentation as requested on the Application Form for the new entity. Post these forms together to the Registry as per the details provided on the Application Form, along with your instructions including:

I. Existing investor number (SRN)
II. Name in which the existing investment is held
III. Quantity of units to be transferred
IV. Daytime contact details
V. Signature of the authorised investor(s)

Can I switch my investment to a different Resolution Capital Fund?

No. To change your investment from the Resolution Capital Global Property Securities Fund (Managed Fund) to another Resolution Capital fund, you will need to complete an Application Form relevant to the fund you wish to invest in which can be found in the Fund Documents and Forms section of the relevant Fund page on the website. You would need to redeem from your existing Resolution Capital Global Property Securities Fund (Managed Fund) account according to your requirements and reinvest the funds into the new account in the different Resolution Capital Fund.

Unlisted Units - Do I need to provide my TFN and what are the distribution options?

Do I need to quote my tax file number (TFN)?

Investors may choose not to quote their tax file number but Resolution Capital will be required by law to deduct tax at the highest marginal tax rate plus the Medicare levy before paying distributions.

What are the tax implications of investing?

If you have supplied your tax file number, Resolution Capital’s distributions are made on a pre-tax basis and as such may be counted as income to the investor. When redeeming investments, any gains or losses in the principal investment will be treated as capital gain or loss for taxation purposes.

What options do I have to receive my distributions?

You can elect to have your distributions deposited into your nominated bank account or reinvested in the Fund.

How do I change how I am paid my distribution?

You can update your distribution preference online via the investor portal at rescap.com/client-login.

Alternatively, to change how you receive your distributions, you can complete the Change of Details Form or draft a letter with the following details:

I. Investor number
II. Name in which the existing investment is held
III. How you would like to receive your distribution i.e., direct deposit (include BSB, account number, financial institution name, name in which the account is held), or distribution reinvestment.
IV. Daytime contact details

The Change of Details Form or letter must be signed by authorised signatories on your account (in accordance with your Application Form) and then posted or faxed to the Registry:

Post:
Resolution Capital Global Property Securities Fund (Managed Fund)
C/- Automic Group
GPO Box 5193
Sydney NSW 2001

Fax:
Resolution Capital Global Property Securities Fund (Managed Fund)
C/- Automic Group
+61 2 8583 3040

Resolution Capital pays a distribution four times a year in the month following the quarterly periods ending 30 September, 31 December, 31 March and 30 June. Distribution payments are not guaranteed as they are subject to the earnings of the Fund.

Unlisted Units - Tax Certifications / FACTA and CRS

Why do I have to provide tax certifications?

Tax evasion is a global problem and international cooperation and sharing of high quality, predictable information between revenue authorities will help them ensure compliance with local tax laws. Australia is participating in both the Foreign Account Tax Compliance Act (‘FATCA’), which was enacted by the United States (U.S.) Congress and the Common Reporting Standard (‘CRS’), which was developed by the OECD.

FATCA
Australia and the US have signed an Intergovernmental Agreement (‘IGA’) to implement the FATCA requirements in Australia. Under the IGA, Australian financial institutions report to the Australian Taxation Office (‘ATO’) and the information is made available to the IRS. The Fund is therefore required to request information from you to determine whether you are a US Person or Specified US Person and where applicable, provide information to the ATO.

You may review the ATO website and the IGA or consult your tax advisor should you wish to understand the implications or compliance obligations of FATCA to your particular circumstances. The Responsible Entity and the Fund are not liable for any loss an investor may suffer as a result of the Fund’s compliance with FATCA.

CRS

Under the CRS, we are required to determine the country in which you are a ‘tax resident’ (this will usually be where you are liable to pay income taxes). If your tax residence (or the Controlling Person) is located outside of Australia, we may be legally obliged to pass on the information in this form and other financial information with respect to your financial accounts to the ATO and they may exchange this information with tax authorities of another jurisdiction or jurisdictions pursuant to intergovernmental agreements to exchange financial account information. Even if you have already provided information in relation to FATCA, you may still need to provide additional information for the CRS as this is a separate regulation.
Providing your tax certifications will ensure that we hold accurate and up to date information about your tax residency.

You may review the ATO website and the IGA (FATCA) and the OECD automatic exchange of information portal (CRS) or consult your tax advisor should you wish to understand the implications or compliance obligations of FATCA and CRS to your particular circumstances. The Responsible Entity and the Fund are not liable for any loss an investor may suffer as a result of the Fund’s compliance with FATCA and CRS.

Can I attach self-certification forms (e.g., W-8BEN-E and CRS forms) instead of answering the tax certification questions on the Application Form?

Yes, for non-individuals, we do accept original or certified copy of self-certification forms.

Can I have more information on FATCA and CRS related terms?

Click here for a Glossary outlining further definitions and explanations for FATCA and CRS related terms.

Does RCAP pay distributions? If so, can I reinvest them?

Resolution Capital Global Property Securities Fund (Managed Fund) pays a distribution four times a year in the month following the quarterly periods ending 30 September, 31 December, 31 March and 30 June. Distribution payments are not guaranteed as they are subject to the earnings of the Fund. Please note, the distribution frequency for the fund changed from half yearly to quarterly effective 1 January 2021. Any distributions paid will be automatically re-invested unless you advise otherwise.

Distribution of meeting-related documents and annual reports to unitholders of Resolution Capital Global Property Securities Fund (ASX: RCAP)

Unitholders who would like to receive meeting-related documents such as notices of meeting and annual reports in physical form must notify the unit registry (Automic) online at https://investor.automic.com.au/ or by phone on 1300 902 587 (within Australia)​ or +61 2 7208 4521 ​ (outside Australia). Unitholders who do not wish to receive annual reports may also make their elections online or by phone.

In addition to any elections, unitholders may also make an ad hoc request for a particular document1 to be sent in physical or electronic form.

Unitholders who do not notify Automic of their election and have provided a valid email address to Automic will receive meeting-related documents and annual reports in electronic form.

Any elections made by unitholders before 1 April 2022 will continue to apply unless Pinnacle Fund Services Limited in its capacity as responsible entity or Automic advise otherwise.

1a document that relates to a meeting of the members of the registered scheme; a report mentioned in s314 of the Corporations Act, including a financial report, directors report and auditor’s report; a notice of members rights provided under s 110K of the Corporations Act; or a document prescribed by the Corporations Regulations 2001 (Cth).

Disclaimer and disclosure:

All website content in respect of the Resolution Capital Global Property Securities Fund (Managed Fund) (ARSN 128 122 118) (the Fund) is issued by Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238 371 (“PFSL”) as responsible entity of the Fund and is prepared by Resolution Capital Limited (ABN 50 108 584 167) (AFSL 274491) (“ResCap”) as the investment manager of the Fund. PFSL is not licensed to provide financial product advice.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Fund, you should consider the current product disclosure statement (PDS) and Target Market Determination (‘TMD’) of the Fund and the Fund’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au/, and assess whether the Fund is appropriate given your objectives, financial situation or needs in deciding whether to acquire or continue to hold, units in the Fund. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither PFSL nor ResCap guarantees repayment of capital or any particular rate of return from the Fund. Neither PFSL nor ResCap gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of ResCap as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Morningstar Disclaimer:

1As of 22 August 2022 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Managed Fund) is ‘Gold’.

1As of 5 September 2022 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Managed Fund) (ASX:RCAP) is ‘Gold’.

1As of 22 August 2022 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund – Series II is ‘Gold’.

1As of 22 August 2022 The Morningstar Analyst Rating™ for the Resolution Capital Global Property Securities Fund (Unhedged) – Series II is ‘Gold’.

© 2022 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 2022) 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) – May 2022; Resolution Capital Global Property Securities Fund (Unhedged) – Series II – September 2021; Resolution Capital Global Property Securities Fund (Hedged) – Series II – September 2021; Resolution Capital Real Assets Fund – April 2022) 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.