The Spire Multifamily Growth and Income Fund Founders (AUD) Hedged Class (the ‘Fund’) is a feeder into the Cortland Growth and Income, L.P. (‘Underlying Fund’). The Underlying fund is an open-ended structure with a mature portfolio of US multifamily assets. The fund seeks to deliver steady returns (net 7-11% p.a. over 5-year periods) through a diverse portfolio of US multifamily assets. The Fund provides Australian investors monthly liquidity through a portfolio containing Listed Global Real Estate and Cash. Cortland Partners LLC, the Investment Manager, founded in 2005, Cortland specializes in high-growth US cities in the South-East and South-West United States.
| Performance as at 31 October 2025 | Net Returns* |
|---|---|
| 1 month | -0.28% |
| 3 months | -1.72% |
| 6 months | -2.04% |
| 1 year | -5.02% |
| 3 Year p.a. | -10.70% |
| Since Inception p.a. | -3.41% |
| Unit Price | $0.7772 |
*Past performance is not an indicator of future performance.
Performance table is based on an investment made at the Spire Fund’s first issuance of units on 30th April 2021 at $1.00 per unit and includes Unit Price growth from commencement of NAV based unit pricing. Unit Price and performance do not include the value of Foreign Income Tax Offsets (FITOs) which have been distributed in addition to cash. Individual investor performance will vary according to the Application Price at which they were issued Units in the Spire Fund.
| Period | Distribution Amount (Cents per unit) | Ex Price | Distribution Components |
|---|---|---|---|
| 31 December 2024 | 0.8866 CPU Cash; 0.0178 CPU FITO's | $0.8187 | |
| 30 June 2024 | 0.8838 CPU Cash; 0.4523 CPU FITOs | $0.8156 | |
| 31 December 2023 | 0.9319 CPU Cash; 0.0360 CPU FITOs | $0.9021 | |
| 30 June 2023 | 1.4080 CPU Cash; 0.0399 CPU FITOs | 0.9736 | |
| December 2022 | 1.7775 CPU Cash; 0.0504 CPU FITOs | 1.1456 | |
| June 2022 | 2.0248 CPU Cash; 0.0138 CPU FITO's | 1.1758 | |
| December 2021 | 0.9363 CPU Cash; 0.0064 CPU FITO's | 1.0852 |
| Latest Monthly Report | Download File |
| Target Market Determination | Download File |
| PDS | Download File |
| Off Market Transfer Form | Download File |
| Change of Address & Communication Election Form | Download File |
| Letter of Authority Form | Download File |
| Withdrawal Request Form | Download File |
| Distribution Election Form | Download File |
How to invest
Via your financial adviser
Please reach out to your financial adviser for more information on Spire Capital and our investment offerings. Spire investments are available on a range of administration platforms including Netwealth, HUB24 and Mason Stevens.
