SGH Property Income Fund
An actively managed Australian property and infrastructure fund providing diversified exposure to real estate assets, primarily through Australian Real Estate Investment Trusts (A-REITs).
Fund overview
The Fund provides diversified exposure to real estate assets primarily through investment in Australian Real Estate Investment Trusts (A-REITs). These A-REITs typically derive the majority of their earnings from rental income generated by underlying property assets. The Fund aims to deliver enhanced diversification relative to its benchmark by applying portfolio construction limits, including capping the maximum weighting of any single security at 15%.
Before deciding whether to invest, investors should carefully read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS), including all incorporated information. Investors should confirm that the Fund’s features, risks, and investment strategy, as described in the TMD and PDS, align with their investment objectives, financial situation, and needs.
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
The Fund provides diversified exposure to real estate assets primarily through investment in Australian Real Estate Investment Trusts (A-REITs). These A-REITs typically derive the majority of their earnings from rental income generated by underlying property assets. The Fund aims to deliver enhanced diversification relative to its benchmark by applying portfolio construction limits, including capping the maximum weighting of any single security at 15%.
Before deciding whether to invest, investors should carefully read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS), including all incorporated information. Investors should confirm that the Fund’s features, risks, and investment strategy, as described in the TMD and PDS, align with their investment objectives, financial situation, and needs.
Fund overview
Fund overview
The Fund provides diversified exposure to real estate assets primarily through investment in Australian Real Estate Investment Trusts (A-REITs). These A-REITs typically derive the majority of their earnings from rental income generated by underlying property assets. The Fund aims to deliver enhanced diversification relative to its benchmark by applying portfolio construction limits, including capping the maximum weighting of any single security at 15%.
The Fund aims to deliver enhanced diversification relative to its benchmark by applying portfolio construction limits, including capping the maximum weighting of any single security at 15%.
Before deciding whether to invest, investors should carefully read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS), including all incorporated information. Investors should confirm that the Fund’s features, risks, and investment strategy, as described in the TMD and PDS, align with their investment objectives, financial situation, and needs.
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund overview
Fund update
At a glance
At a glance
At a glance
At a glance
At a glance
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | ENTRY | NAV | EXIT | DATE | HISTORY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.35% | 3.75% | -3.59% | -2.07% | 8.71% | 6.97% | 4.10% | 4.04% | $0.3006 | $0.3001 | $0.2991 | 07/08/2026 |
At a glance
At a glance
At a glance
At a glance
At a glance
At a glance
At a glance
Performance
Performance
Performance
Performance
Performance
Performance as at 30 April 2026. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | ENTRY | NAV | EXIT | DATE | HISTORY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.35% | 3.75% | -3.59% | -2.07% | 8.71% | 6.97% | 4.10% | 4.04% | $0.3006 | $0.3001 | $0.2991 | 07/08/2026 |
Performance
Performance
Performance
Performance
Performance
Performance
Performance
Investment Strategy
SGHiscock Investment Management’s investment approach is founded on a disciplined valuation methodology that integrates both fundamental analysis and quantitative insights. The process combines proprietary quantitative value rankings with judgement-based assessment of company fundamentals and market sentiment.
As a result, portfolios typically exhibit value-oriented characteristics, while avoiding extreme value positioning due to the application of fundamental overlays and qualitative analysis.
In line with a property-focused investment philosophy, the Fund primarily invests in Australian Real Estate Investment Trusts (A-REITs) that derive the majority of their earnings from rental income. Preference is given to A-REITs with an above-average proportion of rental income, rather than those reliant on more cyclical or volatile revenue streams, such as third-party construction or development activities. This approach results in portfolio weightings that differ materially from the S&P/ASX 300 A-REIT Index.
The investment approach is underpinned by the following core beliefs:
- Asset prices converge toward fair value over time
- A low-turnover investment approach aligns with the characteristics of direct property ownership
- Bottom-up stock selection helps identify valuation inefficiencies
- On-the-ground research is critical to gaining genuine insights
- A “through-the-cycle” approach designed to navigate market cycles, assess subsectors, and identify pricing inefficiencies.
- An experienced team with a proven track record of managing portfolios across multiple market cycles.
- A disciplined, transparent, and repeatable investment process focused on consistency and risk management.
- A forward-looking approach that actively considers current conditions and potential shifts in fundamentals.
Investment Parameters
The Fund’s investment universe primarily comprises securities listed on the Australian Securities Exchange (ASX). Eligible investments may include Australian Real Estate Investment Trusts (A-REITs), companies involved in property investment, management, development, or construction, as well as securities providing exposure to infrastructure and related real asset investments.
The Fund will hold a minimum of 10 securities, with no single holding exceeding 15% of the total portfolio. Portfolio construction guidelines are designed to promote diversification and risk management, including limits on exposure to individual companies and securities.
The Fund is subject to the following maximum allocation limits:
- Cash: up to 20%
- Real estate management, development, and infrastructure assets up to 15%
- Global securities: up to 20%
Research Ratings
Research Ratings
Research Ratings
Research Ratings
Research Ratings
Research Ratings
Research Ratings
Research Ratings
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (ETL0119AU assigned 24 June 2025) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines. The rating published on 05/2025 for ETL0119AU is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.
Research Ratings
Research Ratings
Research Ratings
Research Ratings
Awards
Awards
Awards
Awards
Awards
Awards
Awards
Zenith Investment Partners Pty Ltd ABN 27 103 132 672 AFSL 226872 Fund Awards issued (October 2025) are solely statements of opinion and not a recommendation in relation to making any investment decisions. Fund Awards are current for 12 months and subject to change at any time. Fund Awards for previous years are for historical purposes only. Full details on Zenith Fund Awards at https://www.zenithpartners.com.au/zenith-fund-awards-2025/ 
Awards
Awards
Awards
Awards
Awards
Awards
Ratings
Investment Team
Funds Distribution Team
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Awards
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Ratings
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Investment Team
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Grant Berry
Malcolm Ellis
Funds Distribution Team
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Anthony Cochran
Alastair McKibbin
Matthew Potter
Phil Anderson
Jason Smit
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete additional investment form and send to Apex Fund Services Unit Registry.
- If using BPAY® no form is required. BPAY® Biller Code is 349688. You will need your Customer Reference Number (CRN) which you received from Apex Fund Services.
Please contact Apex Fund Services at 1300 133 451 if you require assistance.
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Submit application form online.
OR
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete an application form and send to Apex Fund Services Unit Registry.
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
How to invest
1. Download and read PDS, reference guide and Target Market Determination (TMD).
2. Complete application form
3. Send application form to Apex Fund Services Unit Registry
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Investment Guides & Information
Need some help?
Get in touch if you require further information or support on the fund.