Investment objective

The Specialist Residential Property Impact Fund (Fund) has been established to invest in a portfolio of high-quality specialised residential property assets for inclusion and operation in the Australian federal Government’s Specialist Disability Accommodation (SDA) scheme.

A summary of the SDA scheme, which is a sub-set of the National Disability Insurance Scheme (NDIS), is provided on this website, with a more detailed explanation included in Section 7 of the Fund’s PDS.

The objective of the Fund is to provide regular distributions to Investors and to protect and grow your capital. In doing so it seeks to deliver quantifiable social impacts, as measured by the number of people with disabilities that are able to move from less suitable accommodation settings, and/or enjoy independent living for the first time as a result of investments made by the Fund. The Fund may not be successful in achieving its target distribution rate or regular distributions.

The Fund’s goal is to acquire an initial property portfolio of circa $100M of around 150 properties for inclusion in the SDA scheme over the first two years of the Fund’s operation. With the Government having legislated 20-year funding lines to support their target of seeing enough new properties registered into the SDA scheme to support the accommodation needs of around 12,000 SDA Participants, the Fund has been established as an open-ended fund to enable it to further grow its portfolio, with the objective of emerging as a leader in the provision of SDA property.

The Fund will adopt a conservative approach to capital management and normally debt (if any) will range from 0-15% of the Fund’s gross assets at the time of borrowing, but at times the Fund may borrow up to a maximum of 25% of the Fund’s gross assets at the time of borrowing. Where debt is used it will be used selectively to fund investments and capital expenditure where appropriate.

“The objective of the Fund is to provide regular income distributions at a target net rate of 8.25% p.a.* (pre-tax, net of all fees and costs), and to protect and grow your capital, with a goal of achieving a positive quantifiable social impact for people living with disabilities, their carers, and families.”

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* Please note, these net distribution rates and portfolio objectives are targets and not a forecast and the Fund may not be successful in achieving these portfolio objectives, distribution rates or any return on the Fund’s investments. No distributions or returns are guaranteed. Refer to the Fund Highlights section of this website and read the PDS and associated documents carefully and in full for more details about an investment in the Fund.
The information on this website is general financial product advice only. It has been prepared without taking into account your objectives, financial situation or needs and because of that you should, before acting on the information, consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should obtain the product disclosure statement (PDS) relating to the offer of units in the Specialist Resident Property Impact Fund (Fund) and consider the PDS and related documents and understand the Fund’s target market before making any decision about whether to acquire, or to continue to hold, units in the Fund. You should also review the Fund’s design and target market determination (Target Market) in the Fund Highlights section of this website to determine if the you fall within the Target Market. Spring FG Funds Management Pty Ltd (ABN 36 611 176 517) (authorised representative number 001274191) is the provider of the information on this website and the issuer of units in the Fund is MoneySpot Investments Limited ACN 614 077 995 AFSL 491 268.