Balanced Commercial Property Trust (BCPT)

A Select 50 Fund - Our view
Category Property - Direct UK
This investment trust can be held in an Investment ISA, SIPP and Investment Account
Sell

78.40p

Buy

78.80p

arrow-up0.70p (+0.90%)

Discount/Premium

-28.49%

Estimated NAV

109.767p

Prices updated at 01 May 2024, 17:32 BST
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Prices in GBX
Investment objective
The policy of compnay is to hold a diversified portfolio of freehold and long leasehold (over 60 years remaining at the time of acquisition) UK commercial properties. It invests principally in three commercial property sectors: office, retail (including retail warehouses) and industrial. It also can have an exposure to other commercial property sectors such as healthcare, leisure, hotels and serviced apartments, residential property, student housing, car parks and petrol stations, storage and supermarkets.
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Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Why we like the fund: This fund invests primarily in ‘bricks-and-mortar’ commercial property in the UK. The manager is a seasoned property investor with decades of experience, and he is supported by a team to source, purchase and manage properties. The fund owns a mixed portfolio of offices, retail, industrial and other commercial property, with an average lease length of around five years. The team is experienced with a record of buying when prices are attractive. How to use the fund: This is an investment trust, which gives the manager more freedom to invest relative to an open-ended fund. This is useful because property is an illiquid asset that can take months to buy and sell. The investment trust structure helps to avoid being a forced seller. Property sits somewhere between equities and bonds on the risk spectrum. There is some likelihood of capital loss during periods of distress, when property behaves more like equity. But it can also behave like a bond, delivering reliable rental income and dividend yields over time. Property could form part of an income and growth portfolio.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.