Maxim Property Securities Fund

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The Maxim Property Securities Fund (MPSF) is an unlisted, registered, managed investment scheme available to retail investors. It will give you an exposure to a varying mix of listed property securities across (but not limited to) the retail, residential, commercial, hotel and industrial sector.

The Maxim Property Securities Fund invests mostly in Australian listed (or soon to be listed) property securities and property related securities but has the ability to invest a small portion of the Fund's assets in unlisted property securities and international property securities as well as cash.

The Fund aims to deliver a yield in excess of the benchmark together with moderate capital growth over the term.

Key Features of the Maxim Property Securities Fund

Investment Strategies
Investment objective	To outperform the S&P/ASX 300 A-REIT Accumulation Index
Investment strategy	To invest primarily in Australian listed securities and property related securities
Investment into the Fund
Minimum initial investment	$5,000
Minimum additional investment	$100
Suggested minimum investment period	3 years
Applications/withdrawals	Daily dealing up to 2.00pm (Sydney local time) on any business day
Minimum withdrawal	$100
Minimum balance	$2,500
FEES and CHARGES
Management fee	Capped by Maxim Asset Management Limited at 0.97375% (including GST)
Administration fee	0.5225% per annum for the first $10m then 0.3135% per annum on amount over $10.0m (inclusive of GST net of RITC) of the Net Asset Value of the Fund.
Entry fee	Nil
Exit fee	Nil
Buy spread	0.25%
Sell spread	0.25%
OTHER INFORMATION
Responsible entity	Columbus Investment Services Limited The Responsible Entity has recently changed. Read the notification letter and the Notice to investors.
Investment manager	Maxim Asset Management Limited
Custodian	J.P. Morgan Chase Bank, N.A. (Sydney Branch)
Fund Administrator	FundBPO Pty LTd
Auditor	Bondy Mortimer & Co
Financial year end	30 June
Distributions	Quarterly, usually as at 31 March, 30 June, 30 September and 31 December.

Click Here to download a copy of the Maxim Property Securities Fund Product Disclosure Statement

Investment Portfolio

Maxim will invest mostly in Australian listed (or soon to be listed) property securities and property related securities, but has the ability to invest up to 30% of the Fund’s assets in unlisted Australian property securities, international listed property securities, as well as cash.

Maxim will actively adjust the investment mix within the investment guideline ranges below. The “target” position is the start position for formulating the portfolio structure- generally speaking, the target position would be the investment mix of the Fund.

	Min.	Max.	Target
Australian Listed Property Securities	80%	100%	87.5%
International Listed Property Securities	0%	10%	5%
Unlisted Australian Property Securities	0%	5%	2.5%
Fixed Interest and Cash	0%	10%	5%

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