Factsheet: TR Property Ord

Property

Discount: -2.8% Rated Fund 2014-2018. Invests in property companies across Europe

TR Property is the only investment trust listed by the AIC that invests mainly in the shares of property companies rather than physical property. Most of its holdings are in Europe including the UK. It can invest in physical property in the UK, though this will generally not account for more than 20 per cent of the portfolio. Marcus Phayre-Mudge has been lead manager since 2011.

Phayre-Mudge is an experienced stock-picker. The team looks in detail at each company's property assets and the management's long-term record in using capital effectively.

The portfolio is run on a total return basis.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
TR Property Ord
Manager
F&C Asset Management PLC
Type
Closed Ended Investment Company
ISIN
GB0009064097
Sector
Property Securities
Launched
05/05/1905
OCF
0.77 %
Risk Rating
3
3 Year Sharpe
0.92
3 Year Alpha
4.47
Yield
2.7 %
Benchmark
FTSE EPRA/NAREIT Developed Europe TR EUR
Fund Size
£ 1.3 billion
NAV
414
Gearing
114
Discount Premium
-1
To achieve its objective by investing in shares and securities of property companies and property related businesses on an international basis, although, with a Pan-European benchmark, the majority of the investments will be located in that geographical area. The Company also invests in investment property, located in the UK only.
Holding %
Unibail-Rodamco SE 9.50 %
Direct Property 8.48 %
LEG Immobilien AG 5.96 %
Vonovia SE 5.83 %
Land Securities Group PLC 5.50 %
Klépierre 3.56 %
Hispania Activos Inmobiliarios SA 3.10 %
Great Portland Estates PLC 2.89 %
BUWOG AG 2.83 %
Segro PLC 2.41 %
Region %
Eurozone 53.84 %
United Kingdom 31.01 %
Europe - ex Euro 13.28 %
Sector %
Real Estate 98.66 %
Name
F&C Asset Management PLC
Address
EC2A 2NY, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Marcus Phayre-Mudge
Joined 03/31/2011

Marcus Phayre-Mudge joined Henderson Global Investors in 1997 as deputy fund manager of TR Property Investment Trust PLC. His role has now expanded into managing real estate equity funds for UK, European and US clients, and the offshore Horizon Pan European Property Equities Fund. Prior to joining Henderson, Marcus spent 6 years in the fund management division of Knight Frank. He is a qualified MRICS and is FSA registered.

Data provided by Morningstar.

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.