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Wholesale Australian Property Fund

An income focused fund providing exposure to a diversified commercial property portfolio

Why commercial property?

In today’s volatile markets, investors are considering more stable investment options. With the Wholesale Australian Property Fund, SMSFs can access commercial property for a minimum investment of just $10,000. The portfolio has exposure to office, retail and industrial properties across a variety of locations in Australia providing diversification in this asset class and a more stable risk profile. This diversified approach plus a strong track record, returning an average 9.17% per annum since inception*, makes the Fund attractive for investors looking for a reliable income stream.

Past performance is not a reliable indicator of future performance.

*Inception date: 31st March 1985. Performance as at 30 June 2016. Performance is annualised for periods greater than 1 year. Performance figures are calculated using exit prices, are net of management fees, ongoing fees and expenses, assume distributions are reinvested and tax is not deducted.

Key Stats

Performance is annualised for periods greater than 1 year.

Performance as of:
31 August 2016
1 month
0.28%
3 month
1.52%
1 year
9.25%
2 year
8.46%
3 year
10.48%
5 year
9.00%
Since inception
9.16%
View performance report
Investment value AUD ($'000)
Benchmark
Fund
Past performance is not a reliable indicator of future performance.

Frequently asked questions

How much do I need to invest in the fund?

The minimum amount required for an SMSF investor to invest in the Fund is $10,000.

What are the benefits of investing in the Fund?

The Wholesale Australian Property Fund gives you access to investment properties often only available to institutional investors. As an SMSF investor you will be able to directly invest in a diversified portfolio of high quality commercial properties with a focus on income returns and long term capital growth.

You will also benefit from AMP Capital's expertise in property investment and property management, which spans more than 50 years.

What are the risks I should consider?

The Wholesale Australian Property Fund’s returns may be affected by factors such as:

Please refer to the Product Disclosure Statement (PDS) for more information.

Will I have access to my money?

We will generally aim to process withdrawal requests monthly and withdrawal requests will generally be paid within five business days after the specified withdrawal date. Monthly withdrawals will be capped at 5% of the net asset value of the Fund (although we have discretion to alter this amount).

You should however be aware that the Fund has up to 12 months or even longer in certain circumstances to pay withdrawal requests. These circumstances include where we are unable to realise sufficient assets due to circumstances beyond our control.

The amount of cash available to pay withdrawals in any month will be affected by a number of factors which include the amount of applications and redemptions* received in a particular month, outstanding withdrawals from prior months, capital expenditure requirements in the property portfolio, the availability of debt and acquisitions and/or divestments of properties or property securities. Where the amount of funds available for meeting withdrawal requests is not sufficient to fully meet all withdrawal requests relating to a specified withdrawal date, withdrawal amounts may be paid in part. Where withdrawals are paid in part, the outstanding unpaid amount will be paid once sufficient cash is available to meet withdrawal requests relating to the specified withdrawal date and may be paid in priority to withdrawal requests subsequently received by the Responsible Entity.

Investors should be aware that withdrawal requests can only be processed and met while the Fund is liquid and that if the Fund becomes illiquid withdrawals are cancelled and investors will be unable to withdrawal from the Fund unless we choose to make a withdrawal offer. Full detail is contained in the Product Disclosure Statement.

*The fund allows for monthly redemptions, with redemption requests required to be received by the 15th day of month. Payment will be made within 5 business days after this date.

What am I buying when I invest in the Wholesale Australian Property Fund?

When you invest in the Wholesale Australian Property Fund you will be investing in a portfolio of high quality properties across the industrial, office and retail sectors. The Fund's 17 assets, located in Sydney, Melbourne, Brisbane and Canberra, are valued at $964.2 million*.

*As at 31 December 2015. Net assets.

What are the fees?

When you invest in The Wholesale Australian Property Fund you have access to AMP Capital's asset management and property investment expertise at a competitive cost. There is no application fee, no buy/sell spread, no performance fee and no stamp duty on existing fund assets. The Fund charges a management fee of 0.42% of gross assets plus 4.2% of gross income, calculated and paid quarterly out of the Fund's assets.

Other costs include fund expenses, which are an estimated 0.15% of the Fund's gross assets per year. This covers expenses such as valuation fees, legal, tax, accounting and audit, and includes a custody and compliance fee of 0.04% per year payable to the Responsible Entity. Full details are outlined in the Product Disclosure Statement.

What is the Fund's past performance history?

The Wholesale Australian Property Fund has a 30-year track record of consistent quarterly distributions, with an average total return over that period of 9.17% pa after fees.*

*As at 30 June 2016.

Past performance is not a reliable indicator of future performance

What sort of debt does the Fund have?

The Fund maintains a low debt level, normally between 0%-15%. The maximum amount the Fund may borrow is 25 per cent of the value of its assets. Where debt is used it will be used selectively to fund capital expenditure, investments and withdrawals where appropriate.

What is the size of the fund?

The Wholesale Australian Property Fund's net asset value is currently $1,053.368m*

*As at 31 March 2016

High quality diversified portfolio

By investing in the Wholesale Australian Property Fund you will have access to a diversified portfolio of high quality properties across the industrial, office and retail sectors. The Fund’s 17 assets located in Sydney, Melbourne, Brisbane and Canberra, are valued at over $960 million**

Cashflow of the Fund is underpinned by over 100 tenancies, with an occupancy rate across the portfolio of 97%^.

^ As at 31 December 2015

Meet the manager - Christopher Davitt

Christopher is the Fund Manager of the Wholesale Australian Property Fund

  • He has over-arching responsibility for setting the fund’s strategy and capital management and works with AMP Capital’s specialist teams to formulate asset plans for each of the Fund’s properties and to make acquisitions and divestments.
  • Chris joined AMP Capital in March 2010 having previously held research, transaction and funds management roles in Australia and Europe.

Direct property fund manager of the year

AMP Capital has been named winner of the Zenith / Professional Planner Direct Property Fund Manager of the Year award for 2015.

With over A$18.6 billion* in property assets under management over a range of property sectors including office, industrial and retail, AMP Capital has a strong track record in direct property investment which can be traced back over 50 years.

“The awards are recognised as an assessment of excellence in the retail managed funds industry. This achievement which reflects the high quality of our investment process and management of the Wholesale Australian Property Fund,” said Chris Judd, Head of Property Management, AMP Capital.

*As at 31st December 2014

What are the risks?

The Wholesale Australian Property Fund’s returns may be affected by factors such as:

  1. Liquidity - The Fund's direct property investments are generally held over the longer term and considered illiquid which means you may not have immediate access to your capital investment. In addition, selling commercial properties generally takes three to six months and may take longer in a market downturn.
  2. Property investment risks such as any factors which may impact rental income such as vacancy and demand in the marketplace by investors for property which can affect its overall value
  3. Share market investment
  4. Interest rates
  5. Gearing and the use of debt

Please refer to the Product Disclosure Statement (PDS) for more information.

Invest now

Prepare for your application

Make sure you have the following details ready:

  • Contact details
  • Drivers licence
  • TFN

Complete the application


To be eligible you must:

  • Be over 18 years of age
  • Submit this application within Australia
  • Read the entire PDS for the relevant fund

AMP's Australian operations are bound by the current Australian privacy legislation which outlines how organisations should manage and use personal information collected and held about their customers. AMP Privacy Policy
National Mutual Funds Management Ltd. (ABN 32 006 787 720, AFSL 234652) (NMFM) is the responsible entity of the Wholesale Australian Property Fund and the issuer of the units in the Fund. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232 497) (AMP Capital). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither AMP Capital, NMFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs.
Issuer and responsible entity: National Mutual Funds Management Ltd ABN 32 006 787 720, AFSL 234652 (NMFM). National Mutual Funds Management Ltd is a member of the AMP Group which includes AMP Capital Investors Limited ABN 59 001 777 591, AFSL 232497 ("AMP Capital", "we" or "us").
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned August 2015) referred to in this document is limited to “General Advice” (as defined by the 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. 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. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on Zenith's Product Assessment’s http://www.zenithpartners.com.au/RegulatoryGuidelines
The Professional Planner | Zenith Fund Awards are determined using proprietary methodologies. Fund Awards were issued October 9, 2015 and are solely statements of opinion and do not represent recommendations to purchase, hold, or sell any securities or make any other investment decisions. Ratings are subject to change.

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AMP's Australian operations are bound by the current Australian privacy legislation which outlines how organisations should manage and use personal information collected and held about their customers. AMP Privacy Policy
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