Key Highlights

  • The active fund holds 44 global listed property companies, with the top ten at 50.11%.
  • Real Estate makes up 99.04% of the portfolio and the United States 65.82%.
  • The management fee is 0.80% and reported turnover is 55.61%.
  • The October 2026 distribution of $0.006 is lower than the $0.011 paid in July.

Resolution Capital Global Property Securities Fund - Active ETF (ASX:RCAP) invests primarily in global listed real estate investment trusts and real estate securities that derive most of their returns from rental income. The fund was admitted to the ASX on 22 February 2022 and last traded at $1.74 on 13 October 2026. It reports a fund size of $2.10 billion.

Detail

Information

Ticker

ASX:RCAP

Fund

Resolution Capital Global Property Securities Fund - Active ETF

Category

Equity Global Real Estate

Benchmark

FTSE EPRA Nareit Developed NR Hdg AUD

Fund size

$2.10 billion

Management fee

0.80%

Total holdings

44

ASX admission date

22 February 2022

Types of property exposure

The portfolio gives access to office buildings, shopping centres, industrial warehouses, residential communities, hotels and healthcare facilities. It may also hold companies involved in real estate development, construction contracting and funds management.

Real Estate carries 99.04% of the portfolio and Technology 0.96%.

Top holdings and geography

The ten largest positions represent 50.11% of the fund. Welltower leads at 9.54%, followed by Equinix (7.61%), Federal Realty Investment Trust (4.93%), Vornado Realty Trust (4.71%) and Ventas (4.48%). Digital Realty Trust (4.11%), Unibail-Rodamco-Westfield (3.82%), Essex Property Trust (3.80%), Simon Property Group (3.62%) and Extra Space Storage (3.44%) complete the group.

The United States accounts for 65.82%, the United Kingdom 8.32%, Australia 5.44%, Japan 4.59% and France 3.83%. Companies above $1 billion in market capitalisation represent 73.22%.

Costs and risk

The management fee is 0.80% a year. Reported turnover is 55.61%. The fund reports a beta of 1.08 and a standard deviation of 17.35.

As an active fund, its portfolio is built by the manager rather than by following index weights, which is reflected in the high turnover.

Category classification and liquidity

Morningstar places the fund in the Equity Global Real Estate category, which covers funds investing primarily in listed property trusts from around the globe, without a regional bias in company selection, with at least 75% of the portfolio in listed property and a smaller component in direct property or cash.

Liquidity indicators add a further view. There are 1,213,713,718 units on issue, and average daily trading volume is 387,907 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 270,000 to 695,400 units, with 273,895 recorded on 13 October while the market was still open. The bid-offer range stood at $1.73 to $1.86, and the day range at $1.74 to $1.75. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Distributions

RCAP pays distributions quarterly. The interim distribution of $0.006 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 15 October. That amount is lower than the $0.011 paid in July, the $0.008 in April, the $0.009 in October 2025 and the $0.007 for January 2026.

Recent announcements include Units on Issue for September 2026 (7 October), a DRP price and Final Distribution Details (2 October), and the Annual Report (22 September).

Final Takeaway

RCAP is an actively managed, property-only portfolio with a 0.80% fee and 55.61% turnover. Its October distribution of $0.006 was lower than the quarterly payments for July, April, January and October 2025. These details describe the fund and do not anticipate how it will behave.