DRAFT
Fund Review
Princeton Property Income Fund
Performance as at Sep 2026
Princeton Financial Services, established in 2012 in Sydney, is an Australian private credit and investment manager specialising in senior, first-mortgage loans for residential development projects. The firm has managed over $1 billion in property-backed debt facilities. Its Princeton Property Income Fund provides a pooled fund structure with a focus on capital preservation. Managing Director George Gadallah and Executive Director Craig Anderson co-founded the firm.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 10.38% | N/A | N/A | N/A | 10.49% |
| Peer Group1 | 7.97% | N/A | N/A | N/A | 8.35% | |
| Index2 | 9.06% | N/A | N/A | N/A | 9.05% | |
| Volatility | Fund | 0.11% | N/A | N/A | N/A | 0.10% |
| Peer Group1 | 0.36% | N/A | N/A | N/A | 0.36% | |
| Index2 | 0.10% | N/A | N/A | N/A | 0.09% | |
| 1Real Estate Debt, 2RBA Cash Rate + 5%, 3Annualised, 4Sep 2024 | ||||||
Strategy Description
The Princeton Property Income Fund is an open-ended mortgage fund focused on generating income through investment in a diversified portfolio of Australian property-related commercial debt. It invests mainly in first mortgage loans for residential development and construction projects, with exposure to land subdivisions, residual stock, and bridging finance. The Fund aims for returns of the Reserve Bank of Australia Cash Rate plus 6.0% per annum, net of fees. Sourcing and assessing mid-market lending opportunities is central, supported by detailed credit, due diligence, and risk assessments. Capital is recycled at loan maturity, with net interest income typically distributed monthly to investors.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | PIM1505AU | Status: | Open |
| Peer Group: | Real Estate Debt | Inception Date: | Sep 2024 |
| Strategy: | Private Debt/Mortgage | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Monthly |
| Fund Size: | AU$ 50m | Manager FUM: | AU$ 50m |
| Applications: | Monthly, Initial: AU$ 100,000 | Redemptions: | Six monthly |
| Management Fee: | 1.50% (PG avg: 0.81%) | Performance Fee: | 0.00% (PG avg: 3.97%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.02%/0.02%) | Hurdle: | N/A |
| Early Redemption Fee | No | High Water Mark: | N/A |
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Princeton Property Income Fund
Performance vs Real Estate Debt and RBA Cash Rate + 5%
Since Oct 2024, the Fund has returned 10.49% p.a. vs the Peer Group's return over the same period of 8.35%. Over the past 12 months, the Fund has returned 10.38% vs the Peer Group's 7.97%. The Fund's returns have been delivered with a volatility of 0.1% p.a. vs the Peer Group's 0.36%.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.82 | 0.74 | 0.84 | 0.83 | 0.86 | 0.83 | 0.86 | 0.86 | 0.83 | NA | NA | NA | 7.71 |
| 2025 | 0.87 | 0.79 | 0.86 | 0.83 | 0.86 | 0.83 | 0.84 | 0.85 | 0.83 | 0.83 | 0.81 | 0.83 | 10.49 |
| 2024 | NA | NA | NA | NA | NA | NA | NA | NA | NA | 0.85 | 0.85 | 0.87 | 2.59 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 10.38% | N/A | N/A | N/A | 10.49% |
| Peer Group | 7.97% | N/A | N/A | N/A | 8.35% | |
| Index2 | 9.06% | N/A | N/A | N/A | 9.05% | |
| Volatility | Fund | 0.11% | N/A | N/A | N/A | 0.10% |
| Peer Group | 0.36% | N/A | N/A | N/A | 0.36% | |
| Index | 0.10% | N/A | N/A | N/A | 0.09% | |
| Sharpe | Fund | 53.98 | N/A | N/A | N/A | 58.25 |
| Peer Group | 10.39 | N/A | N/A | N/A | 11.57 | |
| Index | 1,100.29 | N/A | N/A | N/A | 1,247.07 | |
| Sortino | Fund | N/A | N/A | N/A | N/A | N/A |
| Peer Group | N/A | N/A | N/A | N/A | N/A | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | 0.00% | N/A | N/A | N/A | 0.00% |
| Peer Group | 0.00% | N/A | N/A | N/A | 0.00% | |
| Index | 0.00% | N/A | N/A | N/A | 0.00% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Princeton Property Income Fund - Annualised Return vs. Standard Deviation
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Princeton Property Income Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | The Trust Company (RE Services) |
| Custodian: | Perpetual Corporate Trust |
| Administrator: | Apex Fund Services |
| Auditor: | Pitcher Partners |
| Legal: | Dentons |
| Prime Broker: | N/A |
Available on Investment Platforms
CFS Edge, HUB24, Mason Stevens, Netwealth
Key Staff
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
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Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.