Navra Structured Property Fund
Key Features
Navra Structured Property Fund is a unique fund which provide retail and wholesale investors with the opportunity to invest in a single fund providing exposure to
- a managed portfolio of Australian residential properties
- the Australian share market
- cash
Investors should appreciate that it may take time for NavraInvest to identify and subsequently acquire suitable properties for inclusion in the Property Portfolio. In the meantime, money invested in the Fund which is allocated to the Property Portfolio (target allocation 50% of the net asset value of the Fund) will be invested by NavraInvest in the Share Portfolio or the Cash Component, at its discretion until the money is required for the acquisition of properties in the Property Portfolio.
| MINIMUM INVESTMENT | |
| Minimum suggested investment term | 5 years |
| Minimum initial application | $1,000 (note A) |
| Minimum additional application | $500 |
| Savings Plan | N/A |
| Applications/Withdrawals | Monthly applications. Restricted withdrawals – 1 month notice for up to 5% of your units General withdrawals – 12 months notice |
| Minimum withdrawal | $500 |
| Minimum balance | $1,000 |
| FEES AND CHARGES | |
| NavraInvest fee | 3.075% per annum |
| Entry fee | Up to 4.4% of your investment (note B) |
| Exit fee | Nil |
| Adviser trailing commission | 0.55% paid by NavraInvest (note C) |
| Ongoing administration costs | 0.41% per annum of the gross asset value of the Fund |
| Buy spread | 6% |
| Sell spread | 4% |
| GENERAL | |
| The responsible entity and manager | NavraInvest Limited |
| Investment exposure | Australian residential properties, Australian listed shares and cash |
| Investment management style | Active, quantitative |
| Type of fund | Growth |
| APIR Code | NAV0005AU |
| Financial Year End | JUNE 30 |
| Distributions | Annually at June 30 |
Fund Performance
| Year to date * as at 31 Jan 2012 | Previous Financial Year # | |
| Net fund return ** | -5.57% | N/A |
| Net distributed income^ | 0.00% | N/A |
* YTD return is calculated from 1 Jul 2011
^ The return is calculated up to financial year end 30 JUN 2011
** Absolute return net of fees
^ Net distributed income is measured as at the date of last distribution.
Performance Chart
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Performance Calculator
Unit Prices
| as at | Application Price | Redemption Price |
| 31 Jan 2012 | 0.9077 | 0.8220 |
Download Historical Unit Prices
Distribution
| (cents/unit) | % | distribution component |
How To Invest
You can invest directly in the Navra Structured Property Fund by reading the Product Disclosure Statement (PDS), completing the application form and sending this into us.
Please select the PDS (Product Disclosure Statement) tab above.
If an electronic copy of the PDS is being printed, all pages including the application forms must be printed. If a PDS is being made available to another person, it must be provided with the entire electronic file or printout, including the application form. An original copy of a PDS (and any supplementary documents) can also be obtained, free of charge, by calling us on 1300 656 131 or by contacting your financial adviser.
Product Disclosure Statement & Product Notice
Navra Structured Property Fund
Navra Structured Property Fund with Supplementary PDS
Fees/Costs
This table shows significant fees that you may be currently charged from the Funds. These fees may be deducted from your money, from the returns on your investment or from the Fund assets as a whole. Taxes are set out in another section of this PDS. You should read all of the information about fees and costs as it is important to understand their impact on your investment in the Funds.
| Type of Fee or Cost | Amount | How and when paid |
| Fees when your money moves in or out of the Funds | ||
| Establishment fee - The fee to open your investment. | Nil | NavraInvest does not charge establishment fee |
| Contribution fee - The fee on each amount contributed to your investment. [It may also be referred to as an Entry fee]. | up to 4.4% (including GST) of the amount invested. | this is paid from your contribution on your application monies and equals the entry fee payable to your financial adviser. The amount of entry fee is negotiable between you and your adviser. |
| Withdrawal fee - The fee on each amount you take out of your investment. [It may also be referred to as an Exit fee]. | Nil | Not applicable. |
| Termination Fee - The fee to close your investment. | Nil | Not applicable. |
| Management Costs | ||
| The fees and costs for managing your investment | ||
| Management Fee – Fees and costs for the investment management of the assets of the Funds. | 3% per annum (3.075% including GST less RITC) of the gross asset value of the Fund. | Deducted by us from the assets of the Fund and reflected in the unit price of your investment. The fee is calculated as at the end of each month and paid to us monthly based on the gross asset value of the Fund. |
| Administration Costs - They include the costs for establishing, promoting and operating the Funds and administration costs, for example, custody, unit registry, accounting, legal and other expenses incurred in operating the Funds. | 0.41% p.a. (including GST less RITC) of the gross asset value of the Fund. | Deducted by us from the assets of the Fund and reflected in the unit price of your investment. The fee is calculated as at the end of each month and paid monthly in arrears. |
| Service Fees | ||
| Investment Switching fee - The fee for changing investment options. | Nil | Not applicable. |