PITCH helps charities fulfil their charitable purpose by achieving an attractive return from property investment.

Key Fund Data*

Gross asset value£548.06m
Net asset value£480.25m
Number of assets44
Fund yield (rolling 12-months as % of NAV)5.9%
Vacancy rate6.9%
Weighted av. unexpired lease term (to break)7.4 years (5.3 years)
Distribution history (p.p.u - pence per unit)

Jul 2024: 0.336 p.p.u

Aug 2024: 0.359 p.p.u

Sept 2024: 0.365 p.p.u

Borrowings (GAV)12.2%
Total expense ratio (GAV)0.71%
Portfolio turnover ratio0.40%
Rent subject to fixed uplifts28.2%
EPC ratings A-C (based on ERV)90.6%
Year End31 December
Sedol numberB0517P1
ISIN numberGB00B0517P11
*Data as at 30 June 2024

Historic Fund Returns

Historic Fund Returns
Historic Fund Returns

*Annualised returns

Annual Fund Returns

Annual Fund Returns
Annual Fund Returns

Data as at 31 December 2023

Monthly Fund Financial Statistics

DateBid p.p.u*Offer p.p.uNAV price p.p.uNAV (£m)p.p.u paid
30 Sep 2472.8075.0073.80480.000.365
31 Aug 2472.8475.0573.84480.000.359
31 Jul 2472.9075.1073.90480.000.336
30 June 2472.9575.1573.95480.000.438
31 May 2472.8875.0773.88479.000.298
30 Apr 2472.9875.1773.98480.000.328
31 Mar 2473.1375.2874.11492.000.412
29 Feb 2473.1775.5274.24492.000.380
31 Jan 2473.7476.1374.83496.000.340
31 Dec 2374.1476.4475.19521.000.350
30 Nov 2375.0177.3376.06526.000.380
31 Oct 2376.4878.8477.56536.000.385
30 Sep 2376.7179.0477.77544.000.427
*p.p.u is pence per unit

Historic Fund Data Available Upon Request

If you require historic data not listed in the tables above, please contact Georgie Lockwood.

Annual Pricing & Income Distribution

Annual accounting periodHighest offer priceLowest bid priceGross yield p.a.Total NAVNAV per unitTotal distribution per unit p.a.Units in issue
31 Dec 2023£0.81£0.746.2%£520,851,123£0.7519£0.03475692,737,613
31 Dec 2022£1.04£0.795.3%£578,123,045£0.8159£0.03970720,061,725
31 Dec 2021£0.95£0.814.1%£670,735,625£0.9654£0.04000694,740,633
31 Dec 2020£0.89£0.804.5%£568,257,815£0.8221£0.03740691,203,307

Fund Fees

PITCH Fund £548m (GAV)

  • TER 0.71% (GAV) 12 month rolling figure
  • TER 0.81% (NAV) 12 month rolling figure

Total Expense Ratio (TER) for the Fund includes:

  • Fund Management fee, Trust Manager's fee, Investor's Committee cost, Trustee fee, Administrator, Despositary, Valuer, Audit and MSCI (performance measurement).

Fund Management Fee Basis:

  • < £40m GAV 0.65%
  • > £40m GAV 0.50%
  • Property Management fee included as part of the Fund Management Fee
  • No initial charge for investment

Source: Swiss Life Asset Managers UK (data as at 30 September 2024)

Fund Documentation Request

To receive all of the formal documents for PITCH (Subscription Form, Fund Summary & Trust Deed etc.), please contact Georgie Lockwood.

For Investor Enquiries:

James-Lloyd

James Lloyd 

Head of Charities and Endowments 

Tel: +44 207 291 6664

Email: james.lloyd@swisslife-am.com

Charlotte-Eversfield

Charlotte Eversfield

Investment Associate, Charities and Endowments

Tel: +44 207 291 6667

Email: charlotte.eversfield@swisslife-am.com

Georgie-Lockwood

Georgie Lockwood

Sales Team Assistant

Tel: +44 207 495 1929

Email: georgie.lockwood@swisslife-am.com

The value of investments may go down as well as up, and investors may not get back all or any amount originally invested. Income or other returns from investments are subject to change and may be lower than estimated. Past performance is not a reliable indicator of future performance.