Dexus Asian REIT Fund
Notice of fund termination – Dexus Asian REIT Fund (DXARF) (ARSN: 162 658 200) (APIR: APN0023AU)
Dexus Asset Management Limited ACN 080 674 479 (DXAM), as responsible entity of the Dexus Asian REIT Fund ARSN 162 658 200 (Fund), made a determination on 13 December 2024, to commence a process to terminate and wind up the Fund. The termination date of the Fund is expected to be on or around 24 March 2025 (Termination Date). Please refer to the notice of fund termination.
Fund highlights
A quality portfolio of Asian Real Estate Investment Trusts
The Dexus Asian REIT Fund (ARSN: 162 658 200) (APIR: APN0023AU) (DXARF) is an income-focused property securities fund that invests in a portfolio of listed Asian Real Estate Investment Trusts (REITs).
The fund primarily comprises REITs listed on the Asia Region securities exchanges, including but not limited to Hong Kong, Singapore, Malaysia, Japan and New Zealand, but excluding Australia, as well as cash and fixed-interest investments.
The aim of DXARF (among other things) is to provide investors with a consistent and relatively high level of income compared to the Benchmark being the GPR APREA Composite REIT Asia Index (in AUD) (GPR) (or equivalent), combined with some capital growth derived predominantly from investing in Asian REITs.
This fund is suited to:
- Investors seeking consistent and relatively high levels of income
- Wanting access to a diversified portfolio of quality Asian REITs
- Medium-to-long-term investors
Further information about DXARF can be obtained from the fund’s offer documents.
Investment Objectives
The primary investment return objectives of the Fund are to aim to provide:
- a gross annual income yield (before management fees, expenses and taxes) that equates to at least 110% of the average yield of the Benchmark being the GPR APREA Composite REIT Asia Index (in AUD) (GPR) in Australian dollars);^
- investors with some capital growth over a 5-7 year time horizon; and
- lower-than-market volatility compared with the GPR APREA Composite REIT Asia Index (in AUD) (GPR) (or equivalent) over a 5-7 year time horizon
Benefits
- Focus on generating sustainable, regular and relatively high income returns through investing in listed property securities
- Access to an underlying diversified portfolio of thousands of quality commercial real estate assets predominantly located in Asia
- Has paid monthly distributions**
- Actively managed (non-index aware) portfolio, applying a highly disciplined and proven strategy designed to deliver on the Fund's income and risk objectives
- 100% liquid - daily applications and withdrawal as at 22 August 2024 (this is under normal market conditions, but withdrawals can take longer in certain cases as set out in the PDS)
Fund facts
| Income distribution | Monthly** |
| Management fees and costs |
0.98% p.a. of NAV*** |
| Minimum investment |
$1,000 |
| APIR |
APN0023AU |
| ARSN | 162 658 200 |
A partnership with Dexus
With four decades of expertise in real estate and infrastructure investment, funds management, asset management and development, Dexus has a proven track record in delivering for investors.
Today we manage a high-quality Australasian real assets valued at $54.5 billion, with a $16.1 billion real estate development pipeline1 providing the opportunity to both grow portfolios and enhance future returns.
Through our active approach to management and investing, we are positioned to drive long-term performance for our investors and capital partners across Office, Industrial, Retail and Growth Markets, which includes Infrastructure, Healthcare, Alternatives and incubates new sectors and strategies.
1. Information in this section is at 30 June 2024, unless otherwise stated.
Real asset investing
From wind farms, airports and student accommodation to industrial warehouses and shopping centres, Dexus's accessible and diverse range of investment options provide investors with direct exposure to quality Australasian real estate and infrastructure assets. Our focus on owning and actively managing a range of real assets like these, provide real diversification benefits and with less volatility than equities, enhances risk-adjusted returns for income-oriented investment portfolios.
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Contact us
Get in touch with Dexus Real Estate Securities Investor Services
Disclaimers and notes
*Current running yield is calculated daily by dividing the annualised distribution rate by the latest entry unit price. Distributions may include a capital gains component. Distributions are not guaranteed and past performance is not an indication of future performance.
**Past performance is not an indicator of future performance.
***See section 6 of the PDS for details.
^The average dividend yield from the GPR APREA Composite REIT Asia Index (in AUD) (GPR), in Australian dollars.
This material has been prepared by Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) (“DXAM”), the responsible entity and issuer of the financial products of Dexus Asian REIT Fund (ARSN 162 658 200) without taking account of your objectives, financial situation and needs. Accordingly, and before you receive any financial service from us (including deciding to acquire or to continue to hold a product in any fund mentioned in this material), or act on this material, you should obtain and consider the relevant product disclosure statement(s) (“PDS”), DXAM financial services guide ("FSG”) and relevant target market determination (“TMD”) in full, consider the appropriateness of this material having regard to your own objectives, financial situation and needs and seek independent legal, tax and financial advice. The PDS, FSG and TMD (hard copy or electronic copy) are available from DXAM, Level 5, 80 Collins Street (South Tower), Melbourne VIC 3000, by visiting https://www.dexus.com/investor-centre, by emailing investorservices@dexus.com or by phoning 1300 374 029. The PDS contains important information about risks, costs and fees associated with an investment. Any investment is subject to investment risk, including possible delays in repayment and loss of income and principal invested, and there is no guarantee on the performance of the fund or the return of any capital. Past performance is not an indication of future performance. This material is for general information purposes only, (subject to applicable law) does not constitute financial product advice, and does not constitute an offer, invitation, solicitation or recommendation with respect to any investment. No warranty or representation is provided as to the accuracy, completeness or reliability of any information, and to the fullest extent permitted by law, the recipient releases DXAM and its affiliates from any and all liabilities and losses arising in connection with any person acting on or relying on anything contained in or omitted from this material (whether due to negligence or otherwise). This material is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives.