NOW Closed – Now closed to investment.
Fund facts
This Fund is available to Wholesale Clients only and is a partnership between Spire and its long-time U.S. real estate investment partner Bridge Investment Group Partners, LLC.
The Fund is a private debt fund and aims to generate a total return (IRR) of 11-13% p.a. from investing in loans backed by U.S. multifamily apartment communities and other commercial real estate. The loans will either be originated by Freddie Mac Multifamily or Bridge directly.
| Performance as at 30 September 2021 | Net Returns* |
|---|---|
| 3 months | 5.86% |
| 6 months | 9.34% |
| 1 year | 9.27% |
| 3 years p.a. | 2.67% |
| Since inception p.a. | 5.28% |
| Since inception | 35.12% |
*Performance returns are based on the Net Asset Value calculated after all expenses. Unit Price and performance do not include the value of Foreign Income Tax Offsets (FITOs) which have been distributed in addition to cash. Past performance is not an indicator of future performance.
| Date | Unit Price | Net Quarterly Return |
|---|---|---|
| 30 September 2021 (EX) | $0.3161 | |
| 30 September 2021 (CUM) | $0.3322 | 5.86% |
Quarterly Fact Sheets
| Period | Distribution Amount (cents per unit) | EX Price | Distribution Component |
|---|---|---|---|
| September 2021 | 1.6061 CPU cash | $0.3161 | |
| 30 June 2021 | 1.9780 CPU cash; 0.1416 CPU FITOs | $0.3138 | |
| 31 March 2021 | 2.0887 CPU cash | $0.3230 | |
| 31 December 2020 | 2.702 CPU cash | $0.3358 | |
| 30 September 2020 | 0.9927 CPU cash | $0.3718 | |
| 30 June 2020 | 0.4712 CPU cash; 0.1373 CPU FITOs | $0.3837 |
|
| 31 March 2020 | 2.4522 CPU cash | $0.4730 | |
| 31 December 2019 | 2.5013 CPU cash | $0.4367 | |
| 30 September 2019 | 1.7061 CPU cash | $0.4690 | |
| 30 June 2019 | 0.9600 CPU cash; 0.2266 CPU FITOs | $0.4588 |
|
| 31 March 2019 | 1.0060 CPU cash | $0.4538 | |
| 31 December 2018 | 14.0535 CPU cash | $0.4608 | |
| 30 September 2018 | 4.0735 CPU cash | $0.6122 | |
| 30 June 2018 | 6.6922 CPU cash; 0.3832 CPU FITOs | $0.5980 |
|
| 31 March 2018 | 24.5182 CPU cash | $0.6426 | |
| 31 December 2017 | 3.0981 CPU cash | $0.8364 | |
| 30 June 2017 | 11.7975 CPU cash; 0.2029 CPU FITOs | $0.8618 |
|
| 30 June 2016 | 5.5558 CPU cash | $0.9946 |
|