EFA OPM Property Fund - Charteris Treasury Portfolio ... · EFA OPM Property Fund ... for a broad...

EFA OPMProperty Fund

An innovative strategy investing in the Global Property Market

Fund presentation

April 2014

• Established 30 years ago in 1984.

• Specialist Investment Managers, with offices in London, Exeter, Gibraltar & Dublin (NEW)

• Strong team of highly experienced investment professionals.

• Circa £150m funds under management.

• Personal service with direct access to the Fund Managers

2For professional intermediaries only

P Di i li d I t t P• Proven Disciplined Investment Process

• Resulting in 3 top performing funds*

• Orthodox Investment strategy with a global perspective.

* Source Bloomberg & Professional Adviser Magazine


ELITE CHARTERS WAY CHARTERIS EFA OPMELITE CHARTERS

PREMIUM INCOME

FUND

WAY CHARTERIS GOLD AND PRECIOUS

METALS FUND

EFA OPM PROPERTY FUND

The Fund seeks to outperform a portfolio of leading blue chip UK equities with a target dividend yield of 6‐7% through a combination of active stock selection and

The Fund will primarily consist of instruments with direct underlying gold and/or precious metals exposure and shares in companies worldwide whose core business is involved in the mining refining production

The Fund will aim to provide a long term income and capital growth from investment in a diversified portfolio of property related investments including property funds listed securities and Real Estate Investmentcombination of active stock selection and

writing covered call options. The fund managers combine top down thematic strategy with bottom up stock selection.

business is involved in the mining, refining, production and marketing of gold and/or precious metals. Investment may be undertaken indirectly in other commodities and minerals

funds, listed securities and Real Estate Investment Trusts (REITs). The fund may also have fixed interest securities, cash and money market instruments to enhance income generation and capital appreciation

Planned Future Launches (subject to FCA approval)FP CHARTERIS FP CHARTERISFP CHARTERIS

STRATEGIC FIXED INCOME FUND

FP CHARTERIS GLOBAL SPECIAL SITUATIONS FUND

The Fund will be managed on a multi‐asset basis and it’s objective is to provide a stable level of monthly income and aims to shield the capital value from the threat

The Fund will consist of a global portfolio of equity holdings (which will predominately big large cap), it will have the flexibility to invest in ANY world market and has the ability to move out of equities into short


pof rising interest rates. Duration and Credit exposure will be actively managed to control volatility.

y qdated gilts IF stock markets look overbought thus seeking to protect investor’s capital

Ian Williams – Chartered FCSI, Chartered Wealth Manager, Chairman and CEOIan has spent the past 35 years trading equities, commodities and G7 government bonds, covering sales, research, market making and proprietary trading. He was a p p y g q g g g p p y gmember of the London Stock Exchange for many years before joining Chase Manhattan Bank (now JP Morgan). He then worked for Dresdner Kleinwort Benson and Guinness Mahon (now Investec) before becoming Chairman & Chief Executive of Charteris Treasury Portfolio Managers. Ian also manages the WAY Charteris Gold & Precious Metals Fund (which was the top Fund in the country across all sectors in its first four months of trading) a Charteris managed Gilt fund was the top UK Gilt Fund in 2007 & 2009 & 2013* & The Elite Charteris Premium Income Fund. Ian Williams awarded Trustnet Alpha Manager in 2011 & accomplished a CityWire A rating in 2009, 2010 & 2011. He has been a regular contributor to the national written press and various television networks including Bloomberg, CNBC, RT and Thomson Reuters.

Nick Taylor – Chartered FCSI & Head of Private Client Wealth Management, DirectorNick Taylor has 38 years of international investment management experience, gained at Morgan Grenfell, Invesco, and was Managing Director at Cigna International Investment Advisors and Matheson Investment Management. An award winning manager Nicholas has run equity portfolios for a broad range of investors including institutional pension funds such as the Cadbury SchweppesAn award‐winning manager, Nicholas has run equity portfolios for a broad range of investors, including institutional pension funds, such as the Cadbury Schweppes Pension Fund alongside running several million pounds of private client portfolios and investment trusts. Nick is also a Chartered Fellow of the Chartered Securities Institute.

Terry Farrow – Chartered MCSI, A.C.I.B. APFS C.F.P.Terry has over 40 years experience in the investment markets having worked for Barclays Bank and Standard Chartered Merchant Bank. Terry became an IFA in 1990. y y p g y yTerry is qualified at Level K10 Retirement options – covering all types of pension advice. Terry is also qualified both to G60 and G70 level to cover both Pension advice and Investment Management. There are only a handful of Investment professionals in the UK that hold the G70 qualification.

Richard Fremantle – DipPFS, AIFPRichard has worked in the financial services industry for nearly 40 years. Richard worked initially in the treasury department of Lloyds Bank, then in advising directorsRichard has worked in the financial services industry for nearly 40 years. Richard worked initially in the treasury department of Lloyds Bank, then in advising directors and senior executives of the corporate clients at Noble Lowndes (a leading firm of employee benefit consultants and actuaries); subsequently he was appointed a senior manager in the personal tax department of Deloitte & Touche, and then manager of the South East region of the financial services decision of merchant bank, Guinness Mahon (latterly Abbey National Benefit Consultants) before co‐founding his own practice. Richard is a member of the Personal Finance Society and an Associate of the Institute of Financial Planning.

Tony Yousefian – IMC, CertPFS

Tony Yousefian began his career in the financial services industry in 1982. He has been involved in discretionary investment management both on private client portfolios and collective investment schemes since 1987. In 2003, He cofounded the OPM range of Multi‐manager Multi‐asset funds as the CIO of OPM Fund Management before the company was acquired in April 2013. Tony is now the manager of the Property Fund at Charteris. He has been a AA rated manager by Citywire. He holds the Investment Management Certificate of the Institute of Investment Management and Research. Tony is a certified member of the Personal Finance Society.

y

Mark Williams


Mark graduated from Surrey University with a BA in 2005 and began his career in Investment Management with Forsyth Partners. He joined Charteris in November 2008 as a Junior Fund Manager assisting with the management of both individual private client portfolios as well as the management of the in‐house Charteris funds.


I t t bj tiInvestment objectiveThe Fund aims to provide a long term income and capital growth from investment in a diversified portfolio of property related investments including property funds, listed securities and Real Estate Investment Trusts (REITs). Toproperty related investments including property funds, listed securities and Real Estate Investment Trusts (REITs). To provide a total return in excess of traditional Bricks & Mortar funds without the volatility of Global REITs Funds.

Investment approachInvestment approach• Multi – Manager

• Multi – AssetMulti Asset

• Core & Satellite

Asset AllocationAsset AllocationNeutral Position

Global REITs Funds 30%

Bricks & Mortar Funds 30%

Direct REITs and PICs 30%

d l


Fixed Interest Alternative 10%

Five Year Scatter Chart

Source: FE (as at 31 March)

EFA OPM Property Fund

Annualised Volatility: 10.72

Annualised Return : 13.69

1 month 3 month 6 month 1 year 3 Year 5 Year

Fund 0.89 % 3.23 % 7.07 % 6.21 % 15.45 % 89.95 %

Total Return

IMA Sector Average 0.3 % 1.8 % 2.63 % 1.38 % 13.66 % 69.34%

Outperformance 0.59% 1.43% 4.44% 4.83% 1.79% 20.61%

Q til 1 1 1 2 2 2


Quartile 1 1 1 2 2 2


P f d R iPreferred Regions

• UK & Europe• Japan

Source: Morgan Stanley Real Estate Monthly Chart book Feb ’14


Source: Development Securities interim results August ’13

For professional intermediaries only 11

Source: CBRE / Oriel Securities data as at October ’13

Source: Company announcements

UK commercial property lending as a % of total bank lending


Source: Morgan Stanley Chartbook, data as at February 2014

Source: EPRA – NAREIT as at 29th November 2013

Listed Real Estate, direct real estate and equities

UK ‐ 58.18%

Europe ‐ 8.53%Geographical BreakdownJapan ‐ 6.55%

USA ‐ 4.23%

Pacific Basin ‐ 3.51%

Money Market‐ 2.44%y

Alternative Assets‐ 7.59%

Fixed Interest ‐ 3.39%

Australasia‐ 0.48%

Other ‐ 4 09%


Other 4.09%

Cash ‐ 1.80%(As at 31 March 2014)

ISIN Stock Name Holding CCY Price Mid Market value (GBP) % Fund profit/loss %

Yield % fund yield

contribution %

Collectives Reits GB00B2Q7GC24 M&G Global Real Estate Securities Fund ‐ IIGBP 318,728.55 GBP

1.1460 365,262.92 3.77% 16.92% 24.42% 2.34 0.09

GB00B65PFX94 Premier ICVC ‐ Pan European Property Share ‐ INI 2,138,842.81 GBP

0.5890 1,259,778.42 12.99% 13.33% 3.08 0.40GB00B0LGSD59 S h d Gl b l P t S A A 644 230 92 GBP 0 7603 489 808 77 5 05% 44 37% 0 50 0 03GB00B0LGSD59 Schroder Global Property Sec ‐ A Acc 644,230.92 GBP 0.7603 489,808.77 5.05% 44.37% 0.50 0.03GB0009064097 TR Property Investment Trust Plc 102,233.00 GBP 2.4665 252,157.69 2.60% 124.90% 1.80 0.05

Coll;ectives Bricks & Mortar GB0007278590 Henderson UK Property Unit Trust ‐ Inc 620,082.23

GBP

0.9560 592,811.63 6.11% 6.72% 27.46% 4.50 0.28GB00B7M6K150 Ignis UK Property Inst Inc 684,700.31 GBP 1.0276 703,591.19 7.26% 2.98% 3.40 0.25GB00B89X8P64 M&G Property Portfolio IIGBP 47,870.48 GBP 11.1256 532,587.82 5.49% 10.96% 3.60 0.20

GB00B76WFY75 TM H th t UK R id ti l P t S d N t G 261 965 96GBP

1 0590 277 421 95 2 86% 2 78% 3 50 0 10GB00B76WFY75 TM Hearthstone UK Residential Property‐Seed Net G 261,965.96 1.0590 277,421.95 2.86% 2.78% 3.50 0.10GB00B0X5NB36 Legal & General UK Property Trust I Inc 1,203,640.57 GBP 0.4619 555,961.58 5.73% 1.38% 3.50 0.20

Alternative Assets GG00B628S547 Duet Real Estate Finance Ltd 146,556.00 GBP

0.7400 108,451.44 1.12% (8.46%) 7.53% 8.25 0.09GB00B0HW5366 Real Estate Credit Investments 285,000.00 GBP 1.485 423,225.00 4.37% 2.36% 5.50 0.24GB00BHWR1717 IFSL North Row Liquid Property Fund 200,000.00 GBP 0.9928 198,560.00 2.05% (0.72%) 4.00 0.08

Fixed Interest GB00B8BG8H54 PFS TwentyFour Dynamic Bond Inst M Gr Inc 3,062.57 GBP

106.8500 327,235.60 3.38% 5.85% 3.38% 6.86 0.23

Equities GG00B1DVQL92 Medicx Fund Ltd 243,944.00 GBP 0.8413 205,217.89 2.12% 23.02% 34.99% 6.00 0.13GG00B61JP354 Squarestone Brasil Ltd 150,000.00 GBP 0.6888 103,320.00 1.07% (31.12%) 0.00 0.00GG00B4Z05859 NewRiver Retail Ltd 77,438.000 GBP 2.7650 214,116.07 2.21% 32.98% 7.69 0.17IM00B8BV8G91 Redefine International Plc 290,170.000 GBP 0.5463 158,505.36 1.63% 43.61% 5.50 0.09

GG00B1FB3X85 J R id i l I C L d 905 951 000GBP

0 6113 553 762 55 5 71% 0 33% 5 25 0 30GG00B1FB3X85 Japan Residential Investment Company Ltd 905,951.000 0.6113 553,762.55 5.71% 0.33% 5.25 0.30GG00B62DS151 Channel Islands Property Fund Ltd 250,000.000 GBP 1.0000 250,000.00 2.58% 0.00% 5.50 0.14GB00B9NWP991 Countrywide Plc 46,000.000 GBP 6.5675 302,105.00 3.12% 10.41% 1.00 0.03GB00BF5SGF06 Palace Capital 75,000.000 GBP 2.6600 199,500.00 2.06% 33.00%GB00B1N7Z094 SAFESTORE ORD 123,000.000 GBP 2.3475 288,742.50 2.98% 49.01% 4.00 0.12GB0001592475 CLS Holding Plc 2,167.000 GBP 13 28,171.00 0.29% 6.34% 2.9 0.01GB00BG49KP99 Tritax Big Box Reit Plc 200,000.000 GBP 1.065 213,000.00 2.20% 6.50% 5 0.11GB0033732602 ASSURA GROUP LTD 500,000.000 GBP 0.425 212,500.00 2.19% 11.62% 4.5 0.10GB0004065016 Hammerson Plc 48,000.000 GBP 5.5525 266,520.00 2.75% 7.73% 2 0.05GB00B1436N68 Macau Property Opp Fund Ltd 85,000.000 GBP 2.46125 209,206.25 2.16% 10.82%GB0001367019 British Land Co Plc 28,500.000 GBP 6.5875 187,743.75 1.94% ‐2.35% 3.08 0.06

89,805.51 0.93% 0.93%125,803.32 1.30% 1.30%

As at 31 March 2014 9,694,873.22 100.00% F yield 3.54


, , y

• A truly Global, all weather Property Fund

• The Fund aims to provide a total return better than bricks & mortar funds with lower volatility than REITs

• Exposure to reputable Fund Managers, Boutique REITs and Property icompanies

• Daily Valuations & Daily DealingDaily Valuations & Daily Dealing

• Historic Income yield of 2.17%y

• Portfolio prospective yield of 3.5%



A Accumulation ClassBloomberg Ticker Code : CFPROAA LN EQUITYISIN Number : GB00B1VK6P28SEDOL : B1VK6P2

B Accumulation Class Bloomberg Ticker Code : EOPPRBA LN EQUITYISIN Number : GB00B1VK7F94SEDOL : B1VK7F9SEDOL : B1VK6P2

A Income ClassBloomberg Ticker Code : CFPROAI LN EQUITYISIN Number : GB00B1VKSD43SEDOL B1VKSD4

SEDOL : B1VK7F9

B Income Class Bloomberg Ticker Code : EOPPRBI LN EQUITYISIN : GB00B1VK7821SEDOL B1VK782SEDOL : B1VKSD4 SEDOL : B1VK782

R Accumulation Class Bloomberg Ticker Code : CFPRORA LN EQUITYISIN Number : GB00B1VK7W69

CUSTODIAN : STATE STREET BANK & TRUST

ISIN Number : GB00B1VK7W69SEDOL : B1VK7W6

R Income Class Bloomberg Ticker Code : CFPRORI LN EQUITYISIN : GB00B1VK8126

Authorised Corporate Director {ACD} and Registrar: : WAY Fund Managers Limited

ISIN : GB00B1VK8126SEDOL : B1VK812

Auditor : GRANT THORNTON UK LLP

: AMC A Shares 0.75%: AMC B & R Shares 1.5%


: AMC B & R Shares 1.5%

Dealing Line : 01202 855 856

London Office8-9 Lovat Lane, London EC3R 8DW

Exeter OfficeSouthernhay Lodge,

Head of Sales and MarketingMoritz Langlotz,

T: +44 (0) 20 7220 9780Tel: +44 (0)20 7220 9780F 44 (0)20 7929 6925

1a Barnfield Crescent,Exeter, EX1 1QTTel: +44 (0)1392 422 184

Moritz LanglotzE. [email protected]. +44 (0)20 7220 9780

Fax: +44 (0)20 7929 6925www.charteris.co.uk

Tel: +44 (0)1392 422 184Fax: +44 (0)1392 413 222

Gibraltar OfficeGibraltar Office66a Main StreetGibraltarEnquiries – [email protected]

You can find us on Twitter, LinkedIn, Facebook and YouTubeAuthorised and regulated by the Financial Conduct Authority


Authorised and regulated by the Financial Conduct Authority and the Gibraltar Financial Services Commission

This presentation is issued by Charteris Treasury Portfolio Management Ltd which is authorised and regulated by the Financial Conduct Authority & the Gibraltar Financial S i C i iServices Commission

• Past performance is not a guide to future performance and investors may not get back the full amount invested

• The price of shares and any income from them may fall as well as rise

• On redemption of holdings investors may not receive back the full amount invested. Management and other fees may reduce the capital investedManagement and other fees may reduce the capital invested

• The information provided does not constitute advice or a personal recommendation for which the duty of suitability would be owed by us and you should seek your own advice as to the suitability of any investment matter mentioned heresuitability of any investment matter mentioned here

• Professional advisers should be aware that this document is intended for their use only and this document is not to be shown or given to any retail investors

• The presentation is made on the basis of our current understanding of United Kingdom Tax laws, which may be subject to change in the future


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