SUMMARY
The A-REIT sector rebounded strongly in July, up 11.8%, and outperformed the broader equities market by 5.8%. In comparison, the Fund outperformed the benchmark by 0.8%., returning 12.6% to investors. Key contributors to performance included our overweight positions in Lifestyle Communities (LIC +24.1%), HealthCo Healthcare and Wellness REIT (HCW +25.5%), and Charter Hall Group (CHC +17.6%).