Global Property Securities UCITS Fund
Global Property Securities UCITS Fund
The Resolution Capital Global Property Securities CCF is a sub fund of the Resolution Capital UCITS Common Contractual Fund, an Open-Ended Umbrella Common Contractual Fund with segregated liability between its sub-funds established under the laws of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011.
Resolution Capital is a value-oriented investment manager with the objective of delivering superior risk-adjusted returns over the long-term relative to recognised industry benchmarks. This is achieved through investment in a concentrated portfolio of carefully selected listed real estate securities with an emphasis on avoiding permanent impairment of capital. Securities in which the Fund invests are diversified across a range of real estate sectors and geographic regions, focusing on investments in the developed markets of North America, the U.K, Europe and Asia Pacific.
The UCITS Fund aims to provide income and capital growth on your investment and to generate an annual total return that exceeds the FTSE EPRA/NAREIT Developed Index Net TRI on a rolling 3 year basis.
Details of the UCITS Fund can be found in the Prospectus, Supplement and Key Investor Information Documents (KIID) below.
The Investment Manager’s Remuneration Policy which includes details on the Management and Oversight of Sustainability Risks can be found here.
If you are an existing investor in the UCITS Fund and have an account enquiry, please contact the Fund Administrator State Street Fund Services (Ireland) Limited on ResolutionTA@statestreet.com or phone on +353 1 242 5439.
The Investment Manager selects investments on the basis of their Responsible Investment framework, which takes into account environmental, social and governance (ESG) considerations and risks. The Investment Manager believes that companies with strong ESG practices are likely to deliver superior investment outcomes and the initiatives will also benefit the broader community.
Governance is a key part of the Investment Manager’s investment process, with a focus on sound management practices, board composition, minority shareholder protections, renumeration structures and ensuring investee companies have simple and transparent strategies in place.
With respect to environmental factors, the Investment Manager considers the quality of the environmental disclosures, the existence of green buildings in portfolio, energy consumption, and environmental pollution including water, air and waste management. The social factors considered by the Investment Manager include, human rights, health and safety, diversity and corruption.
The Investment Manager monitors compliance with the identified ESG factors on a regular basis through measurement of, but not limited to the investee company’s energy consumption per square metre, like for like change and stated targets for energy, greenhouse gas emission, water and waste via publicly available company disclosures, data sourced from third parties and direct engagement with investee companies. The Investment Manager also identifies whether the investee company has in place appropriate social policies such as Human Rights, Workplace Health and Safety, and Anti-Bribery/Ethics policies and whether there have been any reported breaches/incidents.
The Investment Manager’s comprehensive engagement program, which includes company meetings and proxy voting, is another important part of monitoring the effective implementation of good governance practices and ESG initiatives. Direct engagement also provides the Investment Manager the opportunity to share their philosophy and corporate governance values and make a positive contribution to investee companies. Further information on the Investment Manager’s investment approach regarding ESG is included in its Responsible Investment framework.
Although not having Sustainable Investment as its objective (per Article 9 of the SFDR), the Fund promotes environmental or social characteristics as part of its overall strategy and limits investments to those that follow good governance practices, in accordance with Article 8 of the SFDR.
Consideration of Adverse Sustainability Impacts
Taking due account of the nature, scale and complexity of its activities, the Investment Manager, in accordance with Article 4(1)(b) of the SFDR, has elected for the time being not to consider (in the manner specifically contemplated by Article 4(1)(a) of the SFDR) the principal adverse impacts of investment decisions of the Fund on sustainability factors. The Investment Manager considers this a pragmatic and economical approach to compliance with its obligations under the SFDR. To the extent that appropriate and accurate data becomes more widely available/accessible and the regulatory landscape stabilises, the Investment Manager may in the future look to consider the principal adverse impacts of its investment decisions on sustainability factors within the meaning of Article 4(1)(a) of the SFDR, if the Investment Manager considers that the results of such an assessment would prove meaningful to investors in the financial products it makes available.