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Partnership and financial discipline are at the heart of our approach to investment, to deliver stability and long-term growth.
Properties
We focus on core property sectors, building better futures through the places we share.
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As a leading property investment management company, we drive value and mutual success to bring aspirations to life.
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Charter Hall Maxim Property Securities Fund gives investors exposure to a mix of quality listed A-REITs that own assets across the retail, residential, commercial, industrial and real estate related social infrastructure sectors.
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The Charter Hall Maxim Property Securities SMA actively invests in a diversified portfolio of predominantly Australian listed real estate investment trusts and real estate related securities.
The SMA has exposure to a broad range of real estate assets including, but not limited to, retail, residential, commercial, industrial and real estate related social infrastructure.
SMA Provider
Mason Stevens
Mason Stevens was established in 2010 by experienced individuals who saw an opportunity to provide Australian investors with a more sophisticated investment offering through managed accounts. In 2012, Mason Stevens merged with 2020 Funds Management to form the Mason Stevens Group.
Through an experienced and professional team of people, Mason Stevens provides both advice and execution capabilities across domestic and international equities and fixed income, equity derivatives (exchange traded options and OTC options), hybrids and bonds.
Managed Account Structure
Under an SMA, each investor has direct or beneficial ownership of the individual underlying investments in their portfolio rather than taking a share of a pool of assets via issued units. The investor therefore enjoys the tax advantages that direct ownership offers relative to the unit trust structure.
What is an SMA?
Separately Managed Accounts (SMA)
An SMA is a customised securities portfolio where the assets are owned by individual investors. An investment is allocated across one or more available investment models, which will determine the portfolio allocation between securities.
The investment model is provided by an investment manager (such as Charter Hall Maxim) and will buy and sell securities in much the same way that managed funds buy and sell securities to achieve their risk and return objectives.
One way to look at separately managed accounts is as an alternative to managed funds. Investors are able to utilise the collective knowledge and intellectual property of an experienced fund manager (such as Charter Hall Maxim) and have greater transparency and flexibility by investing in securities. SMAs are non-unitised managed funds.
Main Advantages of a Separately Managed Account
A separately managed account is professionally managed like an individual portfolio with many key advantages:
- the securities in the account are visible and portable just as they would be if they had been purchased directly
- the underlying securities are owned, not units in a fund.
- as a result, the investor can manage the tax position.
- SMAs offer one or more model portfolios to choose from so investors are able to create a customised and diversified portfolio of securities.
- consolidated reporting is provided online with complete and concise reports available at anytime. All the paperwork and administration is taken care of by the SMA provider, reducing the administrative burden on investors.
- low minimum investment requirements and low brokerage costs allow SMA investors to more effectively diversify their portfolio and dollar cost average into direct securities.
Further Information
For more information on SMA’s please click on the topics below:
Singing in tune with the big funds
A beginner’s guide to understanding separately managed accounts
Why invest in an SMA?
- Typically, you would apply for a separately managed account just as you would apply for units in a managed fund.
- But as a separately managed account holder, you actually own the underlying stock in your portfolio.
- I.e. you retain what is called beneficial ownership of the underlying securities.
- Separately managed accounts generally have a responsible entity in the background with custodial and administrative responsibility.
- Some models will be actively managed, while others will track an index.
- Separately managed accounts take advantage of new technology and online delivery can result in lower management fees than managed funds.
- Fees can vary across products and should be checked closely. Generally the fee structure includes an administration/management fee, performance fee (depending on the models invested in), adviser fees (unless you choose a direct access option), as well as brokerage.
- In addition, investors can take advantage of the fund manager’s buying power by accessing institutional brokerage rates.
- Buying direct shares would normally generate significant paperwork. Investing through a separately managed account provides you with consolidated reports on the entire portfolio online at any time to help simplify the preparation of the annual tax return.
- In addition the tax cost base of shares is automatically adjusted with each trade and dividends and corporate actions are automatically recorded.
For more information how Mason Stevens operates their SMA offerings for direct clients and financial advisers, please see the documents below:
Contact
1300 98 88 78
info@masonstevens.com.auInvest with us
We offer a range of investment options to a diverse range of investors.
Important Information
Interested persons should consider the product disclosure statement (PDS) issued by One Managed Investment Funds Limited (ABN 47 117 400 987) (AFSL 297042) (OMIFL) as responsible entity of the Charter Hall Maxim Property Securities Fund (ARSN 116 193 563) (Fund). The information contained in this document was not prepared by OMIFL. While OMIFL has no reason to believe that the information is inaccurate, the truth or accuracy of the information contained therein cannot be warranted or guaranteed. Anyone reading this information should obtain and rely upon their own independent advice and inquiries. Investors should consider the Product Disclosure Statement dated 8 November 2018 and Additional Information Booklet dated 8 November 2018 (together the PDS) issued by OMIFL before making any decision regarding the Fund. It is important investors obtain and read a copy of the PDS before making a decision about whether to acquire, continue to hold or dispose of units in the Fund. You can request a copy of the PDS, free of charge, by calling 1300 652 790 and it is also available on this website or by contacting your financial adviser. Investors may wish to consult a licensed financial adviser before making an investment decision in relation to the Fund. Charter Hall Property Securities Management Limited (ABN 25 104 512 978) (AFSL 238349) is the investment manager of the Fund (Charter Hall Maxim) and has prepared this information. Neither OMIFL nor Charter Hall Maxim (nor any of their related parties) 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, Charter Hall Maxim makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This information has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs.
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