Marketing communication
JLP Global real estate opportunities fund
Investment Strategy
The Fund pursues an actively-managed investment strategy and is managed in reference to a benchmark which is used for performance comparison purposes and for the calculation of a performance fee.
The Fund invests in equity and/or equity related securities of global publicly traded real estate companies, being real estate investment trusts (“REITs”) or other real estate operating companies (“REOCs”) that are “principally engaged” in the ownership, development, management, financing, or sale of residential, commercial, and/or industrial real estate.
The Fund will be concentrated and seek to acquire securities at a discount to what the Investment Manager believes is their intrinsic value.
KEY INFORMATION
| SHARE CLASS A | SHARE CLASS B | |
|---|---|---|
| US Dollar | US Dolllar hedged to Brazilian Real | |
| Bloomberg Ticker | FUREOUD ID Equity | |
| ISIN Code | IE00BMV36D68 | IE00BMV36F82 |
| Fund Type / Domicile | UCITS / Ireland | UCITS / Ireland |
| Base Currency | US Dollar ($) | US Dollar ($) |
| Share Class Currency | US Dollar ($) | US Dollar ($) |
| Minimum Subscription | US $100,000.00 | US $100,000.00 |
| NAV | Daily | Daily |
| Management Fee | 1.0% per annum of the NAV | 1.0% per annum of the NAV |
| Performance Fee* | 20% over FTSE EPRA/ NAREIT Developed Total Return Index |
20% over a hurdle of the Net Asset Value plus 5% |
| Inception Date |
* Performance fee at the end of a Performance Period so long as the Net Asset Value per Share exceeds the High Water Mark. High Water Mark means (i) the previous highest Net Asset Value per Share of each Class (before any accrual for the Performance Fee) at the end of any previous Performance Period on which the Performance Fee was paid; or (ii) the Initial Offer Price, if higher, of the relevant Class.
Portfolio Management
Jim Rehlaender
Chairman of Global Investment Committee
Industry Experience - 40 years
Amanda Black, CFA
Managing Director and Global Chief Investment Officer
Industry Experience - 22 years
This is a marketing communication. Please refer to the prospectus of the UCITS and to the Key Investor Information Document (KIID) before making any final investment decisions. They are provided in English, please access via https://www.jlpasset.com/jlo-uctis-fund, or available at JLP Global Real Estate Opportunities Fund, Apex Fund Service (Ireland) Limited, 2nd Floor, Irish Life Centre, Abbey Street Lower, Dublin D01 P767, Ireland or, during normal business hours, on +353 1 411 2949.
JLP Global Real Estate Opportunities Fund is a sub-fund of FundRock UCITS Platform I ICAV (an open-ended Irish collective asset-management vehicle with registered number C447841 structured as an umbrella fund with segregated liability between sub-funds and authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended by the Central Bank of Ireland.
FundRock Management Company S.A is the Management Company of FundRock UCITS Platform I ICAV, authorized in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier (“CSSF”).