Dexus AREIT Fund - DXAF

The Dexus AREIT Fund, DXAF, is an income-focused property securities fund investing in a diversified portfolio of listed Australian Real Estate Investment Trusts. The fund aims to deliver investors a consistent and relatively high income, targeting a gross annual yield that is at least 110% of the S&P/ASX 300 AREIT Index Dividend Yield.

It employs an established and actively managed investment process designed to achieve capital growth that at least matches inflation over a five-to-seven-year time horizon, while striving to maintain lower-than-market volatility relative to the benchmark. DXAF provides access to thousands of quality commercial real estate assets predominantly located in Australia and has paid monthly distributions since its inception in 2009.

The Dexus AREIT Fund (DXAF) is an income-focused property securities fund that invests in a portfolio of listed Australian Real Estate Investment Trusts (AREITs).

The fund provides exposure to a diverse portfolio of commercial property across Australia. The main aim of the fund is to provide investors with a consistent and relatively high income, and to have a gross annual income yield (before management fees and expenses) that equates to at least at least 110% of the average yield of the S&P/ASX 300 AREIT Index Dividend Yield.

DXAF implements an established investment process for investing in AREITs that is designed to provide investors with a level of capital growth at least matching the rate of inflation over five to seven years, with lower than market volatility.

The Dexus AREIT Fund aims to provide lower than market volatility compared with the S&P/ASX 300 AREIT Index over a 5–7 year time horizon.

Investment objectives

The primary investment return objectives of the fund aim to provide:

• a gross annual income yield (before management fees and expenses) that equates to at least 110% of the average yield of the S&P/ASX 300 AREIT Index Dividend Yield
• a level of capital growth which at least matches increases in CPI over a 5–7-year time horizon
• lower-than-market volatility compared with the S&P/ASX 300 AREIT Index over a 5–7-year time horizon

Income

Focuses on generating sustainable, regular and relatively high income returns through investing in listed property securities

Access

Access to an underlying diversified portfolio of thousands of quality commercial real estate assets predominantly located in Australia

Distributions

Has paid monthly distributions since inception^

Actively managed

Actively managed (non-index aware) portfolio, applying a highly disciplined and proven strategy designed to deliver on the fund's income and risk objectives

Liquidity

Currently liquid – daily applications and withdrawals as at (under normal market conditions, but withdrawals can take longer in certain cases as set out in the PDS)

^{^ Distributions may include a capital gains component. Distributions are not guaranteed. Fund inception date 19 January 2009.}

DXAF is suited to investors who:

• are wanting access to a diversified portfolio of AREITs primarily owning quality commercial real estate and are seeking capital growth and income distributions.
• are medium-to-long-term investors who are looking for an income-focused investment and the potential for some long-term capital growth.
• are intending to use the Fund as a minor allocation or satellite allocation within a broader investment portfolio.
• have a high or very high risk/return profile for that portion of their investment portfolio.

All information contained on this website (“Information”) is subject to change without notice. While every care has been taken in the preparation of the Information, to the extent permitted by law, Dexus: DXS, its related body corporates and each of their respective directors, officers and employees do not make any representation or warranty or warranty, express or implied, as to the accuracy, currency, reliability or completeness of any statement in it, including, without limitation, any forecasts, and do not guarantee the repayment of capital, or the performance of or any particular rate of return for the Dexus fund referred to on this website.  Past performance is not a reliable indicator of future performance.   
 
The Information has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the Information, and seek professional advice, having regard to their objectives, financial situation and needs.

Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) (“DXAM”) is the responsible entity of Dexus AREIT Fund (ARSN 134 361 229) (“Fund”) and issuer of the Fund.  DXAM is a wholly owned subsidiary of Dexus: DXS. 

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/real-estate-securities/dexus-areit-fund-dxaf/how-to-invest, by emailing investorservices@dexus.com or by phoning 1300 374 029. 

The Information should not be considered to be comprehensive or to comprise all the information which a potential investor may require in order to determine whether to invest in the Fund. The Information is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives.