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 1.5 1.5
1 Year
(per annum)
7.5 6.8
3 Years
(per annum)
-2.1 -4.1
5 Years
(per annum)
4.4 3.4
10 Years
(per annum)
5.0 4.0
Since Launch
(per annum)
6.4 5.2

2% pa

outperformance
over 3 years

1.0% pa

outperformance
over 5 years

1% pa

outperformance
over 10 years