SEB ImmoPortfolio Target Return Fund

Success can be planned. DE0009802314

SEB ImmoPortfolio Target Return Fund is an open-ended real estate fund that invests internationally and is positioned as a core plus product. It pursues an investment strategy based on a fundamentally diversified portfolio that makes it possible to calculate the risk-return profile (target return concept). The fund targets institutional investors and high-net-worth retail investors who expect attractive returns with a higher risk profile. A key feature of the investment approach is the acquisition of high-income properties held short term, in this case five to seven years. Thus, by portfolio sales the properties' capital appreciation potential is used to increase yield.

 
Rating ipd SEB ImmoPortfolio Target Return Fund
 
Key Facts
ISIN:DE0009802314
WKN:980231
Fund type:Open-ended real estate fund
Fund currency:EUR
Company:SEB Investment GmbH
Launch date:15 Oct 2001
Fiscal year:01 Jan – 31 Dec
(As per 17 Apr 2014)Fund pricing
Issuing price:EUR 123.83
NAV:EUR 120.22
Fund volume:EUR 788.83 Mio.
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pdf Fund fact sheet
pdf Annual Report


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(As per 28 Feb 2014)Performance
 accumulatedp.a.
year to date+ 0.3%
1 year+ 0.5%
3 years+ 7.7%+ 2.5%
5 years+ 19.3%+ 3.6%
10 years+ 69.6%+ 5.4%
since launch+ 117.6%+ 6.2%
(As per 28 Feb 2014)Volatility
1 year0.7%
3 years0.6%
5 years0.7%
10 years1.0%
since launch2.7%
Fund costs
Front-end load:3.00%
Management fee p.a.:0.90%
Custodian bank fee:1)0.005%
Performance fee:2)yes
Total expense ratio:3)0.99%
As per 17 Apr 2014
1) Charged quarterly.
2) If BVI yield > 7.00% p.a., 15.00% of the exceeding amount is charged.
3) Total expense ratio for the previous financial year. Based on total expenditure from previously reviewed financial years relating to the mean assets of the fund. The TER is calculated using the following formula: Total expenditure in EUR x 100 / mean assets under management in EUR
Fund data and charts are calculated using the BVI method. Past data is no guarantee of future performance.
With effect as of 13 June 2012 the redemption of fund units has been suspended for a period of three months. The suspension of unit redemption was extended on 5 September initially by a further nine months, to one year from the original suspension. The suspension of unit redemption was extended on 12 June 2013 by one year.
(As per 28 Feb 2014)Fund Structure
 mio. EURin %
Property assets1)1,172.2147.9
Liquidity (gross)78.89.9
Other liabilities- 458.5- 57.9
Fund assets792.5100.0
(As per 28 Feb 2014)Portfolio Structure
Fund properties2)46
Investment diversification13 countries
Letting rate by rental income88.58%
Leverage ratio45.5%
Real estate investment ratio148.8% Ø
March. 13 – Feb 14147.2% Min. – 152.0% Max.
Monthly reporting date147.9%
(As per 28 Feb 2014)Types of use (Basis: expected rental income p.a.)
Office56.7%Balkendiagramm
Industry (Inventory, Halls)19.1%Balkendiagramm
Residential11.3%Balkendiagramm
Retail/Catering9.3%Balkendiagramm
Car park2.8%Balkendiagramm
Other0.7%Balkendiagramm
Leisure0.1%Balkendiagramm
(As per 28 Feb 2014)Value Classes (Basis: market value)
up to EUR 10m1.9%Balkendiagramm
EUR 10 – 25m24.8%Balkendiagramm
EUR 25 – 50m24.9%Balkendiagramm
EUR 50 – 100m17.0%Balkendiagramm
EUR 100 – 150m19.2%Balkendiagramm
EUR 150 – 200m12.2%Balkendiagramm
(As per 28 Feb 2014)Economic Age (Basis: market value)
up to 5 years10.3%Balkendiagramm
5 – 10 years34.7%Balkendiagramm
10 – 15 years16.0%Balkendiagramm
15 – 20 years28.3%Balkendiagramm
more than 20 years10.7%Balkendiagramm
(As per 28 Feb 2014)Lease Term (Basis: expected rental income p.a.)
until end of 201415.4%Balkendiagramm
until end of 201513.2%Balkendiagramm
until end of 201612.8%Balkendiagramm
until end of 20177.4%Balkendiagramm
until end of 20182.7%Balkendiagramm
until end of 20192.8%Balkendiagramm
until end of 20206.2%Balkendiagramm
until end of 20216.3%Balkendiagramm
until end of 20223.0%Balkendiagramm
until end of 20238.1%Balkendiagramm
from 202417.2%Balkendiagramm
open-ended4.9%Balkendiagramm
(As per 28 Feb 2014)Country Distribution (Basis: market value)2)
Great Britain30.0%Balkendiagramm
Germany17.4%Balkendiagramm
Poland13.7%Balkendiagramm
Spain11.5%Balkendiagramm
USA7.9%Balkendiagramm
Singapore5.4%Balkendiagramm
France5.2%Balkendiagramm
Slovakia2.6%Balkendiagramm
Netherlands2.5%Balkendiagramm
Austria1.6%Balkendiagramm
Finland1.2%Balkendiagramm
Norway1.0%Balkendiagramm
1) This corresponds to the sum of the market values of the directly held properties and the value of the equity interests.
2) including properties under construction and business entities that do not hold any properties
Fund data and charts are calculated using the BVI method. Past data is no guarantee of future performance.
With effect as of 13 June 2012 the redemption of fund units has been suspended for a period of three months. The suspension of unit redemption was extended on 5 September initially by a further nine months, to one year from the original suspension. The suspension of unit redemption was extended on 12 June 2013 by one year.
Performance / Descriptor assignment
This year 1 year 3 years 5 years since launch dateinput
 
Fund data and charts are calculated using the BVI method. Past data is no guarantee of future performance.
With effect as of 13 June 2012 the redemption of fund units has been suspended for a period of three months. The suspension of unit redemption was extended on 5 September initially by a further nine months, to one year from the original suspension. The suspension of unit redemption was extended on 12 June 2013 by one year.
As per 17 Apr 2014
Fund data and charts are calculated using the BVI method. Past data is no guarantee of future performance.
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