The LF Canlife UK Property ACS aims to deliver long-term income returns and capital growth over any five-year period, after costs and charges. The Fund provides a diversified investment approach that brings together macro-economic factors and bottom-up research into sectors and individual properties. The Fund’s comparator benchmark is the MSCI/AREF Quarterly Property Fund Index.
LF Canlife UK Property ACS
The Fund invests primarily in a diversified portfolio of UK commercial properties including those in the retail, office, industrial and other sectors such as leisure and hotels
For further details on the objective and investment policy, visit the Literature section to view fund KIIDs and Prospectus.
How the Fund is managed
A tax transparent structure
The LF Canlife UK Property ACS is a UK-domiciled tax transparent fund (TTF), it is not subject to UK corporation tax, income tax or capital gains tax – rather the tax is calculated at the investor level when units are sold in the fund. Therefore it is ideal for tax-exempt investors such as defined benefit and defined contribution pension schemes. The fund may not be appropriate for investors who plan to withdraw their money within five years.
The wider property team have built up a strong track record, winning MSCI’s UK Property Investment Awards in 2017, 2018 and 2019.
Access to market
Property remains a relationship-driven market. We have a significant network of contacts and agents, which enables us to effectively evaluate the opportunities. We also ensure we engage with our tenant base, which enables us to understand any potential demand/supply imbalances which in turn can lead to increased tenant satisfaction rates and hence an uplift in the value of the properties.
Active asset management
We adopt a hands-on approach, actively managing our properties through our in-house asset managers. Ultimately, client and tenant service is at the forefront of our business and we believe our ability to manage these functions in-house generates significant added-value.
The value of investments may fall as well as rise and investors may not get back the amount invested
The LF Canlife UK Property ACS is an Authorised Contractual Scheme and is suitable for institutional and professional investors. The fund invests in assets that may at times be hard to sell. This means that there may be occasions when you experience a delay or receive less than you might otherwise expect when selling your investment. For more information on risks see the prospectus and key investor information document. Requests for redemptions of units are subject to a notice period of up to 185 days. In normal market conditions this notice period is waived at the discretion of the manager and units can be sold without giving notice. The value of property is generally a matter of a valuer’s opinion rather than fact. Costs of buying and selling real property are generally much higher than for other types of assets. Property investments may be subject to significantly wider price spreads than bonds and equities which could affect the valuation of the fund by up to 8.00 %.
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UK Property ACS and UK Income Annuity Property Fund score maximum points for GRESB’S management module.
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