The Fund continues to perform well against our investment objectives, producing consistently high and growing income as well as attractive capital growth. Historically, the Fund has had a less volatile performance compared to the average balanced property fund, due to its bias to income and absence of gearing.

Performance is highlighted in the chart below:

 
The Charities Property Fund AREF/MSCI UK All Balanced Open Ended Property Funds Index
3 Months 2.3 1.5
1 Year
(per annum)
7.2 6.4
3 Years
(per annum)
-1.0 -3.3
5 Years
(per annum)
3.7 2.7
10 Years
(per annum)
5.4 4.2
Since Launch
(per annum)
6.4 5.2

2.3% pa

outperformance
over 3 years

1.0% pa

outperformance
over 5 years

1.2% pa

outperformance
over 10 years