Resolution Capital Global Property Securities CCF
Real Estate · Global · Listed Real Estate
Figures refer to the share class ISIN IE00BZ0FZ376, currency USD.
Key facts
- Management company
- Resolution Capital Limited
- Asset class
- Real Estate
- Geography
- Global
- Strategy
- Listed Real Estate
- Share class currency
- USD
- Share class inception
- 03.12.2015
- Fund size
- 832 million (as at 14.09.2026)
- Management fee
- 0.75%
- Performance fee
- No
- Liquidity
- Not available in this publication
- UCITS
- Yes
- Risk grade (SRRI)
- Not available in this publication
- Registered in Switzerland
- No (qualified investors only)
Price history
Fund and benchmark rebased to 100 at 30.09.2021.
Table view
| Period | From | Fund (100 at start) | Benchmark (100 at start) |
|---|---|---|---|
| 1Y | 03.10.2025 | 106.0 | 100.3 |
| 3Y | 29.09.2023 | 135.4 | 117.3 |
| 5Y | 30.09.2021 | 105.8 | 84.6 |
| Since 2015 | 30.09.2016 | 145.3 | 97.3 |
Total return: distributions reinvested.
In USD, the currency of the share class shown.
Fund history to 28.09.2026.
Benchmark history to 28.09.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE00BZ0FZ376, currency USD | -3.37 | 1.14 | -0.37 | 11.52 | 8.93 | 2.53 | 8.70 | 13.67 | 10.21 | 1.02 | 15.55 | 0.41 | -9.29 |
| BenchmarkDeveloped property (tracker proxy) USD | -3.23 | 0.13 | -3.10 | 6.44 | 5.83 | -3.35 | 6.31 | 5.75 | 5.62 | -2.76 | 15.85 | 0.14 | -9.63 |
| Differencefund minus benchmark, in percentage points | -0.14 | 1.01 | 2.72 | 5.08 | 3.10 | 5.87 | 2.38 | 7.92 | 4.58 | 3.78 | – | – | – |
Within the list: OpenList — Real Assets
Compared with the real estate funds on OpenList — Real Assets (5 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 13.67 | 1.91 | 1 of 5 |
| Return 3Y p.a. | 10.21 | 10.21 | 3 of 5 |
| 3Y p.a. over its own benchmark | 4.58 | 4.58 | 3 of 5 |
| Volatility 3Y | 15.55 | 15.57 | 2 of 5 |
| Sharpe ratio 3Y | 0.41 | 0.41 | 3 of 5 |
| Max drawdown 3Y | -9.29 | -12.00 | 2 of 5 |
| Management fee | 0.75% | 0.80% | 1 of 5 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Real Assets
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
Benchmark: each fund is measured against the index its own documents name. Where WSP measures a fund against a comparator of its own instead, the row names it: a tracker or a blend of the markets the fund invests in, or a cash-plus hurdle
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; fund document, not yet reviewed by WSP.
Investment rationale
The fund is designed to provide income and capital growth through a global portfolio of listed real estate investment trusts and property related equity securities. It aims to exceed the FTSE EPRA/NAREIT Developed Index (USD) Net TRI after fees on a rolling three-year basis, and the stated investment timeframe is medium to long term at 5 to 7 years. The Key Investor Information states it is suitable for investors willing to tolerate medium to high risks, and its risk indicator is category 6. Given its concentrated exposure to global listed property securities and active management with full portfolio discretion, it is a distinct specialist real estate allocation rather than a broad multi-asset exposure.
Investment strategy
The fund is actively managed with an absolute return approach and seeks an annual total return above the FTSE EPRA/NAREIT Developed Index (USD) Net TRI on a rolling three-year basis. It invests 85% to 100% in global listed REITs and real estate securities, with 0% to 15% in cash, and generally holds 30 to 60 stocks. The investment universe spans developed markets in North America, the U.K., Europe and Asia Pacific, diversified across real estate sectors and geographic regions, and may include securities listed or soon to be listed on key stock exchanges around the world. The fund may use financial derivative instruments to gain exposure to relevant REIT and property related securities, and foreign exchange forwards may be used for unit class hedging; this share class is Class A USD Unhedged Accumulating, so income is retained in the unit value rather than distributed.
Investment philosophy
• The fund invests in a global portfolio of REITs and property related equity securities that are listed, or soon to be listed, on key stock exchanges around the world.
• Portfolio construction is diversified across a range of real estate sectors and geographic regions, with a focus on developed markets including North America, the U.K., Europe and Asia Pacific.
• The benchmark is the FTSE EPRA/NAREIT Developed Index (USD) Net TRI and is used for performance comparison, but the investment manager has full discretion over portfolio composition.
• Portfolio limits disclosed are 85% to 100% in global listed REITs and real estate securities, 0% to 15% in cash, and generally 30 to 60 stocks.
• The fund may use financial derivative instruments to gain exposure to REIT and property related securities, and foreign exchange forwards may be used for unit class hedging.
The asset manager
The fund is a sub-fund of Resolution Capital UCITS Common Contractual Fund and is managed by Waystone Management Company (IE) Limited. The investment manager is Resolution Capital. The documents state that the fund is authorised in Ireland and regulated by the Central Bank of Ireland, and that Waystone Management Company (IE) Limited is authorised in Ireland and regulated by the Central Bank of Ireland. Resolution Capital is identified in the report as the contact point for the fund through its website, email and Australian telephone number.
Performance analysis
Source: manager factsheet dated 31 August 2026. The manager attributes August’s market weakness primarily to rising long-term bond yields as global rate expectations increased, with all regions posting negative performance and reversing July gains. Hong Kong was comparatively resilient, helped by retail landlord Wharf REIC after a substantial increase in its dividend payout policy, while Hong Kong developers were pressured by China policy changes affecting outbound capital flows and offshore investment products. Australia was among the weakest markets, weighed down by higher bond yields, a weakening housing market and concerns around private credit after the collapse of residential developer Bathla Group. At the sector level, data centres were the only positive area, supported by supply-demand imbalance and evidence of revenue acceleration from hyperscale customers’ AI investment, while hotels were weakest as FIFA World Cup demand tailwinds for U.S. hotel REITs faded. The commentary also highlights notable capital raising and corporate activity in logistics, data centres, healthcare and residential property, including Prologis and SEGRO, Tritax Big Box, Goodman Group, Janus Living, American Healthcare REIT and the creation of Vivmark following the AvalonBay and Equity Residential merger.
Strengths
The fund offers a dedicated global listed property strategy focused specifically on REITs and property related equities across developed markets. Its structure combines active management with full portfolio discretion, while still measuring outcomes against the FTSE EPRA/NAREIT Developed Index (USD) Net TRI over a rolling three-year period. The portfolio is managed within clear limits for real estate securities, cash and number of holdings, which makes the mandate specific and transparent. The share class is accumulating, there are no entry or exit charges stated, and no performance fee is charged.
Risks
The Key Investor Information places the fund in risk category 6, reflecting its primary investment in global REITs and property related equity securities whose prices may fluctuate materially and are susceptible to market movements. Named risks include equity risk, as the value of equities may go down as well as up; market risk, from global stock market, economic, sector, geographical and political factors; and currency risk from foreign exchange movements in underlying securities. The fund may use financial derivative instruments, and the documents state that FDI may result in greater returns but may also entail greater risk because FDI prices are highly volatile. A structural risk also noted is that the CCF is an unincorporated entity and does not have legal personality.