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BE A PART OF THE ASIA PACIFIC REITs GROWTH
Mahindra Manulife Asia Pacific REITs FoF
An open ended fund of fund scheme investing in Manulife Global Fund – Asia Pacific REIT Fund
NFO Period: 28th September - 12th October 2021
Scheme reopens for continuous sale and repurchase from: 22nd October 2021
Popular Asset Classes and Their Challenges
DEBT REAL ESTATE EQUITY
• DEBT MUTUAL • RESIDENTIAL • EQUITY STOCKS
FUNDS PROPERTIES
• COMMERCIAL AND FUTURES
• FIXED PROPERTIES • EQUITY MUTUAL
DEPOSITS
FUNDS
• FIXED INCOME
PRODUCT
CHALLENGES: CHALLENGES:
• Highly illiquid CHALLENGES:
• Low interest rate scenario
• Small ticket investment not • Returns are volatile
and /or Credit risk
possible
What if one could have liquidity, lower volatility and smaller minimum ticket size while
investing in real estate?
Introducing REITs
Invest In Real Estate Without Any Of The
Downsides of Estate Management
When you own
When you invest in REITs
Real Estate
Must distribute most of its cash flows
Rental Yield Rental yield may be low
as dividend
Need negotiations,
Are listed mostly. Can be liquidated
Quick Liquidation paperwork
faster
and time
Investment Required Large ticket sizes Very low ticket sizes
Diversification is
Diversification across property types
Diversification costly and
and geographies
needs research
Risk is adjusted due
Risk from Market Price Higher risk due to
to monitored and
Volatility lower diversification
Diverse exposure
Introduction to REITs REITs (Real Estate Investment Trust) are companies that own or finance income- producing real estate across a range of property sectors – such as residential, industrial, retail, mortgage, hotels etc. It is managed by a board of directors or trustees. Most REITs trade on major stock exchanges, and hence can offer liquidity REITs allow anyone to invest in portfolios of real estate assets the same way they invest in other industries – through the purchase of individual company stock or through a mutual fund or exchange traded fund (ETF). The stockholders of a REIT earn a share of the income produced through real estate investment – without actually having to own, manage or finance a property. Income generated on the lease and rent is paid out in the form of dividends. REITs must distribute most of its cash flows as dividend
Why diversification through International REITs? International REITs are a great way to diversify a portfolio and build exposure to real estate markets worldwide. Ownership of REITs over time has historically increased investors' total return and/or lowered the overall risk in both equity and fixed income portfolios REITs historically* have delivered competitive total returns, based on high, steady rental income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them a portfolio diversifier that can help reduce overall portfolio risk and increase returns Source: Morningstar REIT Report, 2016 *Study Period: 1972-2015
The Role of REITs in a Portfolio
Potential to increase returns or reduce risk
There may be a place for REITs in a portfolio
• Real Estate Investment Trusts (REITs) have unique characteristics that may make them attractive to both
income and growth investors.
• REITs trade like stocks and can fluctuate in price, but they also pay out a large part of their income in the
form of rentals.
• REITs may be used to help provide income in conservative portfolios or long-term growth in more
aggressive portfolios.
• Some portion of a portfolio may be appropriately allocated to REITs for a broad range of investor types
Reconstruct your portfolio to include REITs
Equity, bonds, cash, and REITs generally do not react identically to the same economic or market stimuli,
combining these assets may produce a more appealing risk-and-return trade-off.
This makes REITs a potentially good candidate for investors looking to build a diversified portfolio.
Whether you are an investor seeking long-term growth or income, you may want to consider finding a place for
REITs in your portfolio
Source: Morning StarHow Do REITs Work?
REIT Commercial, Industrial
and Residential
Invests in Invests in properties
Manager
₹
Sponsor
Passed on as Trustee Earns from
combination of rental and
income and price
capital Diversified property portfolio
appreciation Local REIT manager advantage
appreciation Strong governance and expertiseREITs – Globally Accepted Investment Vehicle With long track record
Diversified sector exposure of Asia Pacific REITs
• Apart from the traditional retail malls, offices, industrial parks and hotels, Asia Pacific REITs also covers new industries like
data centre and logistics which we believe could benefit from the recent rise of e-commerce and cloud computing.
Retail Office
Data centre
Hotel Healthcare
/logistics
For illustration only.Access to diversified property portfolios
The Asia Pacific REIT sector comprises a well-diversified mix of retail, commercial and
industrial assets
Asia ex-Japan REITs Universe: USD$282bn Market Cap
120 US$117bn Specialized
REITs
Retail REITs
100
US$82bn Residential
REITs
80
Office REITs
60
Industrial REITs
40 Hotel & Resort
US$33bn REITs
US$30bn
Health Care
20 REITs
US$11bn US$9bn
Diversified
REITs
0
Australia Singapore Hong Kong Others Thailand Malaysia
Source: Bloomberg, as of 30 June 2021
1011
Introducing MMRFOF
INTRODUCING
Mahindra Manulife Asia Pacific REITs FoFPARENT SCHEME MASTER SCHEME INVESTS IN
Mahindra Manulife Asia Manulife Asia Invests predominantly in
Pacific REITs FoF Pacific REIT Fund REITs across Asia
Pacific countries
Why Manulife Asia Pacific REITs Fund?
Why Manulife IM? Why Asia Pacific Why This Fund?
REITs?
• Strong rental income potential • Aims to achieve capital
• 90+ years investment
experience of property • Professional management appreciation
investment/asset/property • Organized sector • Aims to provide Inflation
management1 • Strong Markets like Singapore, Hong Hedge
• 185 professionals based in Kong, Australia • Diversification in real estate
Asia (ex Japan)2 with very low investment
• Annualised yield 4.81%3
1. Source: Manulife Investment Management, as of 30 July 2021. 2. Source: Manulife Investment Management, as of 30 July 2021. Total is comprised of investment professionals
of Manulife Investment Management, Manulife-TEDA Fund Management Co. Ltd., a 49% joint venture is a joint venture between Manulife Financial and Northern International Trust, part of the
Tianjin TEDA Investment Holding Co. Ltd. (TEDA), and Mahindra Manulife Investment Management Private Limited, a 49% join venture of Manulife and Mahindra AMC. As of 31 March 2021, Manulife Asset Management
Thailand (MAMT) is no longer part of the Manulife group of companies. Accordingly, Bangkok, Thailand has been removed from our list of office locations. 3. Source: Manulife Investment Management, as of 1 July 2021.
Distribution yield only applies to AA (USD) MDIST (G) Share class. Dividend rate is not guaranteed. Dividends may be paid out of capital. Refer to important note 2. Please note that a positive distribution yield does not
imply a positive return. Past performance is not indicative of future performance. Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency]–1, the annualised dividend yield is calculated based
on the latest relevant dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Dividend is not guaranteed.WHY INVEST IN ASIA PACIFIC REIT NOW? • To capture the potential recovery on the back of roll-out of COVID-19 vaccines and reopening of economies • REITs as one of the key beneficiaries amid the global search-for-yield • Low interest rates can act as the key tailwind as seen in previous rate cut cycle Source: Manulife Investments
Asia Pacific REITs performed well in a low-rate environment
• We expect interest rates to be lower for longer as central banks eased monetary policy in order to mitigate the economic
impact from COVID-19.
• Asia Pacific REITs have outperformed broader equity markets during the last rate cut cycle from 2008 to 2015.
Total Return (from 31 December 2008 – 31 December 2015)
360
Rebased to 100 (as of 31 December 2008)
340
330
320
311
300 299
280
260
240
227
220
208 208
200 202
193
180
Asia ex Japan Australia Hong Kong Singapore
REITs Equities
Source: Bloomberg, as of 30 June 2021. Australia REITs measured by S&P/ASX 200 A-REIT Index, Hong Kong REITs measured by Hang Seng REIT Index, Singapore REITs measured by FTSE ST Real Estate Investment Trusts index; Asia
ex Japan REITs measured by FTSE EPRA/NAREIT Asia ex Japan REITs Index (capped), Singapore Equities measured by Straits Times Index STI Total Return Index, Hong Kong Equities measured by Hang Seng Index, Australia Equities
measured by S&P/ASX 200 index, Asia ex Japan equities measured by MSCI AC Asia Ex Japan index (total return). Past performance is not an indication of future results.
Widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in
significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A
health crisis may exacerbate other pre-existing political, social and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. Projections or other forward-looking statements regarding
future events, targets, management discipline or other explanations are only current as of the data indicated. There is no assurance that such events will occur, and if they were to occur, the result may be significantly different than that shown
here. Investment involves risk. Investors should not make investment decisions based on this material alone and should read the offering document for details, including the risk factors, charges and features of the product.Asia Pacific REITs offer relatively attractive forward yields
• Form an income perspective, Asia Pacific REITs offer relative attractive forward yields compared to broader equities and
government bonds.
%
6
5.49
5.16
5
4 3.79 3.66 3.80
3 2.63
2
1.53 1.58
1.11
1
0
Australia Hong Kong Singapore
REIT Yield Equity Dividend Yield 10 Year Government Bond Yield
Source: Bloomberg as of 30 June 2021. REIT Yield and Equity Dividend Yield are the projected 12-month yield from Bloomberg consensus. REIT Yield: Australia REIT – S&P/ASX 200 A-REIT Index,
Hong Kong REIT – Hang Seng REIT Index, Singapore REIT – FTSE ST Real Estate Investment Trusts index. Equity Dividend Yield: Straits Times Total Return Index, Hang Seng Index, S&P/ASX
200 index. 10 Year Government Bond Yield = Local Generic 10- year Government Bond Yield. Projections or other forward-looking statements regarding future events, targets, management
discipline or other explanations are only current as of the data indicated. There is no assurance that such events will occur, and if they were to occur, the result may be significantly different than that
shown here. Past Performance may or may not be sustained in future. 15REITs tend to be good hedge against inflation
• Inflation that is a result of economic growth tends to translate into greater demand for real estate and subsequent higher
occupancy rates, supporting growth in REIT cash flow and dividends.
• The anatomy of a lease may include annual step ups and rental increases that are tied to CPI. As a result, real estate is
generally seen as a good hedge against inflation. The dividend return of Asia REITs has exceeded inflation of major REIT
markets (as measured by CPI) in 10 out of the past 11 years.
Asia REITs dividend return has outpaced inflation in the region
%
8
7.2
7 6.5
5.8 5.6
6 5.6
5.3
5 4.4 4.5
4.2 4.4
4.0
4
3
2
1
0
-1
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Asia REITs Dividend Return Hong Kong CPI Singapore CPI Australia CPI
Source: Bloomberg, The World Bank, as of 30 June 2021. Asia REITs measured by FTSE/EPRA Nareit Asia ex Japan Index (capped).Manulife Asia-Pacific REIT Fund
Aims to achieve stable income and capital appreciation
Income Growth
Real Estate and Property
REITs
Management Stocks (non-REITs)
Investment Objective Stable Income Capital Appreciation
Comparatively high dividend yields Appreciation potential
Relatively defensive asset Profits generated from sales and
Characteristics
Profits derived from rental income property management services
Real estate assets and management are key New projects continually hit the market
Owners and operators
Developers of residential and
Assets of commercial properties
commercial property projects
(e.g. retail, offices, hotels, industrial)
Expected Asset
70-100% 0-30%
Allocation Range
Current Allocation ~80% ~20%
Source: Manulife Investment Management, 30 July 2021. Information about the asset allocation is historical and is not an indication of the future composition.Growth of Manulife Global Fund – Asia Pacific REIT Fund
700
600
Fund Size in USD mln
500
400
300
200
100
0
2018 2018 2019 2019 June 2019 2019 2020 2020 June 2020 2020 2021 2021 June 2021
September December March September December March September December March August
Data source: Manulife Investment Management. Data period: Sep 2018 – Aug 2021Manulife Asia Pacific REIT Fund
A Diversified Portfolio
Fund Overview Sector Breakdown (%)
100
Fund Inception Sep 11, 2018 79.5
80
Fund Size USD 558.02 million 60
40
Manulife Investment 17.9
Investment Manager Management (Hong Kong) 20
2.7
Limited 0
REITs Non-REIT Cash
Geographical Diversification (%) Sub-industry Diversification (%)
57.6 Sub-Industry Portfolio
60 Weight %
Retail
40REITs 30.18
Industrial 3…
30 REITs 2…
25.85
40
Diversified
20 REITs 10.40
10.4 12.5
Office 7.5
10REITs 2.8
7.52
2.8
5.4
2.7
20 Specialized
0 REITS 2.79
13.9
Cash
Others
Industrial REITs
Hotel & Resort
Management and
Retail REITs
Office REITs
Specialised REITS
Diversified REITs
11.9 10.7 Real Estate Management and Development 12.45
Development
Real Estate
REITs
1.6 1.6 2.7
Hotel & Resort REITs 2.75
0
Others 5.4
Hong
Phillipin
Singap
Thailan
China
Cash
Australi
Kong
ore
es
d
a
Cash 2.65
Source: Manulife Investment Management, as of 30 July 2021. The securities mentioned are for illustrative purposes only, and do not constitute any investment
recommendation or advice. It should not be assumed that an investment in these securities or equities was or will be profitable. Information about the asset allocation is
historical and is not an indication of the future composition. Due to rounding, the total may not be equal to 100%.Manulife Asia Pacific REIT Fund – Top 10 Holdings Summary
Holds some of the largest and some of the most diversified REIT
Top 10 holdings
Sector Market exposure2 Description3
as of July 20211
60% Singapore, 14% US, 14% Australia, Largest industrial REIT in Singapore with 200+ properties in 4
1 Ascendas REIT Industrial
12% UK markets
Largest REIT in Asia with majority of income from HK retail. The
83% HK, 13% Mainland China,
2 Link REIT Retail company has extended its reach to offices and retails malls
2% Australia, 2% UK
across mainland China, Australia and the UK in recent years
Largest REIT in Singapore after the merger of CapitaLand Mall
CapitaLand Integrated
3 Retail 96% Singapore, 4% Germany Trust and CapitaLand Commercial Trust in November 2020 with
Commercial Trust
24 properties across retail, office and integrated developments.
25% HK, 24% Singapore, 17% Mainland
4 Asia-Pacific focused logistic REIT with 160+ properties in 8
Mapletree Logistics Trust Industrial China,11% Japan, 8% Australia, 8% S.
markets
Korea, 5% Malaysia, 2% Others
5 property complex in Singapore comprised of malls, offices and
5 Mapletree Commercial Trust Diversified 100% Singapore
business parks
Holding 100 logistic/industrial and commercial properties across 5
Frasers Logistics & Commercial 47% Australia, 21% Singapore,
6 Diversified markets after the merger of Fraser Logistics Trust and Frasers
Trust 21% Germany, 7% UK, 5% Netherlands
Commercial Trust
Operating 10 suburban malls in Singapore focusing on domestic
7 Frasers Centrepoint Trust Retail 100% Singapore
necessity spending, F&B and services
Mapletree North Asia 57% HK, 23% Mainland China, Commercial REIT with properties in Greater China region and
8 Diversified
Commercial Trust 17% Japan, 3% South Korea Japan including Festival Walk in HK
111 industrial properties including data centre across Singapore
9 Mapletree Industrial Trust Industrial 68% Singapore, 32% US
and the US
Hong Kong retail REIT with a portfolio of 16 private housing
10 Fortune REIT Retail 100% Hong Kong
estate retail properties
1. Source: Manulife Investment Management, as of 30 July 2021.
2. Source: Latest company result announcement, Singapore Stock Exchange Chart Book, 30 June 2021. Market exposure calculated by property
value. Data has been rounded up and the sum may not equal to 100%.
3. Source: company website and latest result announcement, as of 30 June 2021.Defensive properties of Asia ex Japan REITs
Annual total returns of Asia ex Japan REITS (2010 - YTD2021)
50% 47.28%
7.22%
40% 36.29%
6.54% 30.60%
30%
5.83%
21.65%
20% 5.61% 40.07%
15.18%
29.75%
5.62% 24.77%
10% 7.01%
1.79% 16.04%
5.36% 9.56%
2.3… 4.36% 4.54% 4.41% 3.99% 4.23%
0% 1.65%
-0.52% -7.33% -5.89%
-14.09% -12.09% -13.90%
-10% -1.35%
-2.96%
-8.10%
-9.68% -9.67%
-20%
2021 YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Price Return Dividend Return FTSE BM Total Return (USD)
Source: Bloomberg as of 30 June 2021
Asia ex Japan REITs are represented by FTSE EPRA/NAREIT Asia ex Japan REITs Index (capped). Performance in USD.
Past performance is not indicative of future performance’Rupee Volatility : Advantage?
USD INR DEPRECIATION OVER 10 YEARS Last 5 years
80
75
Date USD INR
70
65
3-9-2016 1 66.83 1.79%
60 CAGR
55
3-9-2021 1 73.02
50
45
40
USD INR DEPRECIATION OVER 5 YEARS
78
Last 10 years 76
74
Date USD INR 72
70
3-9-2011 1 45.79 4.78%
68
66
CAGR
3-9-2021 1 73.02 64
62
60
Data source: Bloomberg. Data period 3/1/2011 – 3/9/2021Asia Pacific REITs performance in 1H 2021
• Asia Pacific REITs registered mixed performance in 1H 2021 with major markets including Hong Kong, Singapore and
Australia outperforming the Southeast Asia markets. Hong Kong REITs continued to lead the region on prospects of
reopening of economy and borders. Australia REITs gained strongly in Q2 as Australia government bond yields retraced.
• Sector-wise, all sectors delivered positive total returns on average in 1H 2021 with health care REITs saw the largest gain.
Office REITs were the laggards mainly dragging down by Thailand amid surging COVID-19 cases while office REITs in Hong
Kong, Singapore and Australia fared better.
• Merger and acquisition activities remained robust across key REIT markets with Australia saw the largest logistics real
estate transaction in history during Q2, which triggered the cap rates compression and revaluation gains of Australia REITs.
Total return of major Asia Pacific REITs markets(%) Total return of Asia Pacific REITs sector (%)
-6 -4 -2 0 2 4 6 8 10 12 14 0 2 4 6 8 10 12 14
Hong Kong Health Care
Diversified
Australia
Industrial
Singapore Specialized
Retail
Malaysia
Hotel & Resort
Thailand Office
1H 2021 1H 2021
The total return is the simple annualised average of all REITs listed in the Asia Pacific region as sourced from Bloomberg.
Source: Bloomberg, as of 30 June 2021. Past performance is not indicative of future performance’Active Fund Management: Navigating the post COVID-19 world
Where are we now?
Roll-out of vaccines fueled expectations on a wider recovery
Vaccines
Outbreak of Peak of pandemic Pandemic receding End of pandemic
pandemic
Beneficiaries of digitalization of economies – accelerated due to COVID-19. Structural growth
story unchanged:
• Industrial REITs: rising demand of e-commerce benefited logistic warehousing assets. Inorganic
growth driven by M&A activities amid low interest rate environment.
• Specialized REITs: robust demand on data centre due to the accelerating adaption of cloud
computing.
Beneficiaries of reopening of economies:
• Retail and Hospitality REITs: occupancy and foot traffic set to recover on
the reopening of economies. Cash flow expected to improve as rental
reliefs come to the end.
• Landlord and real estate stocks: beneficiaries of the potential pick up in
retail sales and the continuing primary residential sales momentum.
Global search-for-yield
Source: Manulife Investment Management, as of 30 June 2021. Projections or other forward-looking statements regarding future events, targets, management discipline or other explanations are only current
as of the data indicated. There is no assurance that such events will occur, and if they were to occur, the result may be significantly different than that shown here.Active Management: Tapping into the Post-COVID-19 recovery
• With increasing vaccination rates and reopening of economies, the recovery of predictability of income remains the key to our
thesis in 2021.
• We continue to favor Singapore market on relative valuation and re-opening recovery theme. During the first half of 2021, we have
added to diversified REITs to gain exposure to CBD assets in Singapore.
• Retail REITs remain a core allocation as we believe that a normalized operating environment should lead to continued cash flow
recovery.
• We kept our Singapore and Australia industrial REITs exposure on the secular growth momentum. The cap rate compression
among Australia industrial driven by continued M&A activity helped drive asset revaluation in 1H21.
• For non-REIT real estate, the Fund has added into Chinese property management service companies on attractive valuation
relative to growth and we like names with exposure to commercial and public projects. As of 30 June, non-REIT exposure increased
to 20.6%.
100%
Cash
90%
Non REIT Real Estate
80%
Specialized REITs
70%
60% Retail REITs
50%
40% Office REITs
30%
Industrial REITs
20%
10% Hospitality REITs
Diversified REITs
0%
Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Source: Manulife Investment Management, as of 30 June 2021. Information about the asset allocation is historical and is not an indication of the future
composition.Asia Pacific REITs 2021 Outlook - Summary
Singapore Hong Kong Australia
Industrial Retail Industrial
We like its defensiveness and Neighborhood malls shown Strong end demand from third
visible cashflows resilience amid pandemic party logistic and e-Commerce
Retail Office Office
Focus on de-Centralized
We prefers names that operate Stable valuations with strong
Grade A offices given rent
neighborhood malls institutional demand
differentials
Office
Demand from tech companies
help buffer downsizing impact.
Hospitality
Vaccination reveals light at the
end of tunnel
Positive Neutral
Source: Manulife Investment Management, as of June 30, 2021. Projections or other forward-looking statements regarding future events, targets, management discipline or other explanations are only current as of the data indicated.
There is no assurance that such events will occur, and if they were to occur, the result may be significantly different than that shown here.Active Management Reducing pitfalls and capturing alpha
Active management
Key factors in selecting quality REITs
Growth Drivers Management Team Tenant Profile
Organic •Past acquisitions and divestments •No. of tenants and buildings
•Rental outlook •Strength of sponsor •Mix of tenants
Qualitative
•Occupancy trends •Concentration risk
Inorganic
•Pipeline from sponsors Asset Enhancement Initiatives
•Strength of acquisition team
Funding Sources
•Availability of 3rd party assets
•Refurbishment and renovation •Bank loans
•Decanting projects to optimise lettable area •Medium term notes, Bonds
Earnings Valuation Debt Profile
Quality • Price-to-Book •Gearing ratio
•Split of fixed rate debt and floating rate debt
Quantitative
• Revalued NAV
•Net Property Income •Debt tenure
• Yield spread
(NPI) margin •Cost of debt
•Income support, if any
DPU Growth
Potential
Weighted Average Lease
Expiry (WALE)
For illustrative purposes only.
This material was prepared solely for informational purposes and does not constitute, and is not intended to constitute a recommendation to buy or sell any security or to adopt any investment strategy, and shall not form the basis of, nor may
it accompany nor form part of, any right or contract to buy or sell any security or to adopt any investment strategy.
29Active management: Identifying Alpha
Key factors in identifying alpha opportunities in non-REIT real estate securities
Government Property
Policy Cycle
• Cooling measures • Growth of the general economy
• Home ownership initiatives • Up-cycle or down-cycle
• Infrastructure / transport
connectivity
Top-Down,
Bottom-Up
Demographics Blended
Approach Relative
&
Valuation
Urbanisation
• Population growth • Property stocks fundamentally
• Household size undervalued
• Housing affordabilityMahindra Manulife Asia Pacific REITs FoF
Scheme Specifics
Scheme Category The Scheme is a Fund of Funds scheme (Overseas) which will invest into an Underlying
and Underlying Fund namely ‘Manulife Global Fund – Asia Pacific REIT Fund
Fund
Investment Amount Minimum Application Amount: Rs. 5,000 and in multiples of Re. 1/- thereafter
Minimum Additional Purchase Amount: Rs. 1,000 and in multiples of Re. 1/- thereafter
Minimum SIP Amount: Rs 1000 (Monthly and Daily SIP) and Rs 1500 (Quarterly SIP)
Exit Load 10% of the units allotted shall be redeemed without any exit load, on or before completion
of 24 months from the date of allotment of Units.
Any redemption in excess of the above limit shall be subject to the following exit load:
• An exit load of 1% is payable if Units are redeemed / switched-out on or before
completion of 12 months from the date of allotment of Units;
• An exit load of 0.5% is payable if Units are redeemed/ switched-out between 12 month
to 24 month for the date of allotment of units
• Nil - If Units are redeemed / switched-out after completion of 24 months from the date
of allotment of Units.
Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
Benchmark FTSE EPRA Nareit Asia ex Japan REITs Index
Plans/ Options Available Plans: Regular, Direct
Options under each plan: Growth (default) , IDCW
Sub-options under IDCW: Reinvestment (default) , PayoutMAHINDRA MANULIFE ASIA PACIFIC REITs FoF An open ended fund of fund scheme investing in Manulife Global Fund – Asia Pacific REIT Fund
Disclaimer
The data/statistics, wherever provided, are given to explain general market trends in the securities market / international REITs market, it should
not be construed as any research report/research recommendation. Readers / users of this presentation should rely on information / data arising
out of their own investigations and are advised to seek independent professional advice and arrive at an informed decision before making any
investments.
The views expressed here in this presentation are for general information and reading purpose only and do not constitute any guidelines and
recommendations on any course of action to be followed by the reader / user of this presentation. No representation or warranty is made as to
the accuracy, completeness or fairness of the information and opinions contained herein. The views are not meant to serve as a professional
guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund
units for the reader / user. This presentation has been prepared on the basis of publicly available information, internally developed data and
other sources believed to be reliable. While utmost care has been exercised while preparing this presentation, Mahindra Manulife Investment
Management Private Limited [Formerly known as Mahindra Asset Management Company Private Limited] (MMIMPL) does not warrant the
completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The
data/statistics, wherever provided, are given to explain general market trends in the securities market, it should not be construed as any research
report/research recommendation. Readers / users of this presentation should rely on information / data arising out of their own investigations and
are advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra
Manulife Mutual Fund, MMIMPL nor Mahindra Manulife Trustee Private Limited (Formerly known as Mahindra Trustee Company Private
Limited), its directors or associates shall be liable for any damages that may arise from the use of the information contained herein.
For detailed asset allocation, investment strategy, scheme specific risk factors and more details, please read the Scheme Information
Document and Key Information Memorandum of Mahindra Manulife Asia Pacific REITs FoF available at the ISCs of MMIMPL and
Computer Age Management Services Private Limited and are also available on www.mahindramanulife.com. Past performance may or
may not be sustained in the future and should not be used as a basis for comparison with other investments.
The information contained herein are not for distribution and do not constitute an offer to buy or sell or solicitation of an offer to buy or sell any
schemes/Units of Mahindra Manulife Mutual Fund / securities in the United States of America ('US') and/or Canada or for the benefit of US
Persons (being persons falling within the definition of the term “US Person” under the US Securities Act of 1933 or as defined by the U.S.
Commodity Futures Trading Commission, as amended) or residents of Canada as defined under applicable laws of Canada.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
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