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Investment objective

The Fund aims to generate a total portfolio level internal rate of return (IRR) after fees, expenses and Fund level tax of 7% to 11% per annum via a stable income stream from leasing the Fund’s assets to high quality agricultural businesses (tenant partners) and from long-term capital growth.

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Investment strategy

The Fund targets higher value agricultural assets in different regions and sectors, ranging from fruit and nuts to intensive livestock and viticulture, with quality tenants and attractive lease terms.

Fund Facts

Fund Assets Value $138m
Agri Assets 8
Weighted Average Lease Expiry 11 Years
Inception Date 13 May 2020
Distribution Frequency Quarterly
Agri Production Regions 8
Average Gross Rental Yield^ 6.8%
APIR Code WRA2298AU

Investment Approach


The increasing global demand for food and commodities positions Australian agriculture well to capitalise on its competitive advantages and future growth prospects to deliver strong investment returns.

An investment in agriculture can offer:

  • Competitive risk adjusted returns over the long term;
  • A low level of volatility relative to other asset classes; and
  • Returns uncorrelated to other traditional asset classes

Watch this video to learn more about the Fund and the advantages of investing in Australian agriculture.

Portfolio Overview

As at 31 March 2024

 
38% Viticulture
21% Horticulture - Nuts
18% Horticulture - Soft Vegetables
14% Agri Infrastructure
9% Horticulture - Fruit & Citrus
 

 
0-40% Fruit
(Citrus, pears, olives, apples, avocados, mangoes & berries)
0-40% Nuts
(Almonds, macadamia, walnuts & pistachios)
0-30% Vineyards
(Wine & table grapes)
0-30% Intensive Livestock
(Poultry meat)
0-20% Agricultural Infrastructure
(Processing, greenhouses & storage)
0-30% Water Entitlements
 

The investment portfolio will continue to be developed over time within the Fund’s long-term strategic asset allocation framework, with individual investments and portfolio weightings subject to opportunities and valuation. An indicative portfolio of assets with the Fund fully invested at $300m is provided above.

Performance, Price & Distributions


Net returns as at 31 March 2024

3 months
%
1 Year
%
2 Years
% pa
Since Inception
(13 May 2020) % pa^
Distribution Return +1.35 +4.91 +4.89 +4.53
Capital Return -0.25 -1.34 +0.82 +1.48
Total Return +1.09 +3.57 +5.71 +6.00

Returns are after fees and fund costs, before investor tax and performance fees.
Past performance is not a reliable indicator of future performance.

Month-end Unit Price
Prices as at 31 March 2024
Application Price $1.0586
Distribution Rate Reinvestment Price
31 March 2024 $0.0143 $1.0586
31 December 2023 $0.0131 $1.0613
30 September 2023 $0.0132 $1.0741
30 June 2023 $0.0115 $1.0749
31 March 2023 $0.0123 $1.073
31 December 2022 $0.0124 $1.078
30 September 2022 $0.0126 $1.0643
30 June 2022 $0.0125 $1.0674
31 March 2022 $0.0108 $1.0415
31 December 2021 $0.0142 $1.0426
30 September 2021 $0.0149 $1.0211
30 June 2021 $0.0183 $1.0114
31 March 2021 $0.0186 $1.0041

FUND RATINGS & PLATFORM AVAILABILITY


Platform
BT Panorama Perpetual
HUB24 Powerwrap
Macquarie Wrap Praemium
Mason Stevens Netwealth
Morgan Stanley

How to Invest

Four images relating to key target assets for the Warakirri Diversified Agriculture Fund

The prospects for future returns in agriculture are strong in Australia, with a good economic platform, stable government, strong global market access and high adoption of new technology and farming systems that are increasing the productivity and sustainability of agricultural production.

Well managed agricultural investments can also provide investors with a stable income profile.

The Warakirri Diversified Agriculture Fund is available to Australian wholesale investors only. For more information, please contact us on 1300 927 254 or contact@warakirri.com.au for a copy of the Information Memorandum.