SFP AST Global Core Property Hedged CHF
SFP AST Global Core Property Hedged CHF offers Swiss pension funds access to a global portfolio of open-ended, non-listed core real estate funds. Its focus lies on strong cash flow, strategic diversification enabled through active portfolio management, and sustainability.
The investment group focuses on real estate funds that invest directly in high-quality properties in prime locations with strong leasing profiles. The core approach is further reinforced by a conservative debt profile. Active portfolio management is employed to achieve strategic diversification across sectors and regions based on market trends and fundamentals. Fund selection is based on a conflation of meticulous top-down and bottom-up analysis. Through integrated currency hedging, this investment group also offers protection against exchange rate fluctuations.
Sustainability
ESG analysis represents an integral part of the investment process. In 2023, SFP AST Global Core Property Hedged CHF was awarded 88 GRESB points and a five-star rating. The investment group significantly exceeded the GRESB and peer average of 75 points each. As part of our ESG-Engagement strategy, relevant ESG criteria and targets are consistently evaluated through regular dialogue with fund managers. We remain committed to our goal of continuously improving our ESG approach. Our efforts are supported by the transparent data reporting by underlying funds for the annual GRESB assessment.
Factsheet
SFP AST Global Core Property Hedged CHFas at 30 September 2024
| Class A - 854.59 / Class B - CHF 862.24 / Class C - CHF 865.48 / Class X - CHF 869.95 |
Description
SFP AST Global Core Property Hedged CHF offers Swiss pension funds access to a global portfolio of open-ended, non-listed core property real estate funds. Its focus lies on strong cash flow, strategic diversification enabled through active portfolio management, and sustainability.
Key Facts
| Legal form | Swiss Investment Foundation – the investment group falls under the category 'foreign real estate' (article 53, paragraph 1, letter C, BVV 2) |
| Investment manager | Swiss Finance & Property Ltd |
| Depositary bank | UBS Switzerland AG |
| Investment strategy | Core |
| Fund structure | Open-ended |
| Liquidity | Quarterly |
| Regional exposures | Global (excl. Switzerland) |
| Sector exposures | Residential, industrial/logistics, office, retail, other |
| Launch date | September 2017 |
| Currency | CHF |
| Foreign currency hedging | Investors have the option to invest in a hedged or an unhedged investment group |
| Leverage | No leverage at the investment group level |
| TER 2023 | 1.96% (Class A); 1.74% (Class B); 1.69% (Class C); 1.48% (Class X) |
| Next subscription/redemption | Closing: 31 December 2024 (value date) Capital commitment until 31 December 2024; redemption until 10 December 2024 |
| Subscription/redemption thereafter | Closing: 31 March 2025 (value date) Capital commitment until 31 March 2025; redemption until 10 March 2025 |
| Notice period | 12 months |
| ISIN | CH0370142694 (Class A) CH0370142728 (Class B) CH0370142736 (Class C) CH0370143023 (Class X) |
Portfolio Key Figures
| Total net asset value of the investment groups (in CHF mn) | 175.4 |
| Number of funds (committed) | 17 |
| Number of funds (invested) | 17 |
| Number of underlying properties | 2511 |
| Gross asset value of underlying properties (in CHF bn) | 106.8 |
| Occupancy rate (in %) | 93.4 |
| WAULT (in years) | 6.4 |
| Leverage (% of GAV) | 24.8 |
Performance (net total return)
| 3 mts | YTD | 1y | 3y (p.a.) | 5y (p.a.) | Since Inception (p.a.) | |
| Class A | -0.93% | -4.00% | -7.91% | -3.82% | -1.27% | -0.62% |
| Class B | -0.88% | -3.84% | -7.71% | -3.62% | -1.07% | -0.42% |
| Class C | -0.86% | -3.80% | -7.66% | -3.57% | -1.01% | -0.37% |
| Class X | -0.77% | -3.53% | -7.31% | -3.21% | N/A | -0.90% |
Sector Exposures
Regional Exposures
Currencies
The information in the factsheet linked below is relevant.
Contact
Senior Portfolio Manager
SFP AST Global Core Property
Head Client Relationship Management & Marketing