Dexus AREIT Fund
Available for
Financial advisers, SMSF, direct investors, wholesale investors, family offices, international investors + SIV
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Explore this fund
Income-focused property securities fund
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.
Fund benefits
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.
Fund facts
| Minimum investment | $1,000 |
| Income distribution | Monthly1 |
| Management fees and costs | 0.85% p.a. of NAV2 |
| ARSN | 134 361 229 |
| APIR Code | APN0008AU |
| Minimum investment timeframe | 5-7 years |
| Product inception date | 19 January 2009 |
| Product status | Open |
| Access | Available direct and through selected platforms |
| Redemption payment terms | Daily3 |
| Risk level (1-7) | 64 |
1 Distributions may include a capital gains component. Distributions are not guaranteed.
2 See section 6 of the PDS.
3 Under normal circumstances, investors can withdraw from the Fund on a daily basis. Withdrawal proceeds will normally be paid within 3 business days of receipt of a withdrawal request. The Constitution permits a 30-day period, which may be extended in certain circumstances as described in the Fund’s PDS and Product Guide.
4 The Fund is a high-risk investment. This means the risk of your investment falling in the short term is significantly higher than an investment in a managed investment scheme that invests in assets such as cash or fixed interest securities. Conversely, an investment in the Fund over the medium to long-term offers potentially higher returns than cash or fixed interest investments.
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
Fund performance
Performance to 31 March 2025
| Income | |
|---|---|
| 1 month | 0.48% |
| 3 months | 1.41% |
| 1 year | 5.44% |
| 2 year pa | 6.57% |
| 3 years pa | 5.98% |
| 5 years pa | 6.55% |
| 10 years pa | 6.21% |
| Since inception pa | 7.44% |
Past performance is not a reliable indicator of future performance. Returns quoted are before tax, after fees, costs and expenses, assume all distributions are reinvested. Returns are annualised for periods greater than one year. Distributions may include a capital gains component. Fund inception 19 January 2009.
What are the key risks?
The key risks of investing in DXAF include or are associated with:
Please refer to the Product Disclosure Statement for further information about the key risks noted above, as well as information about other investment risks of which you should be aware.
Who is this fund suited to?
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
Please refer to the Product Disclosure Statement and Target Market Determination or visit the How to invest tab for more information.
Your real asset partner of choice
Spanning infrastructure and real estate, real asset investing offers a variety of benefits for your portfolio, including diversification benefits, reduced volatility compared with equities and enhanced risk-adjusted returns for income-oriented investment portfolios.
With over 40 years of experience in real asset investment, funds management, asset management and development, Dexus has a proud history of creating long-term value for investors. It is our deep local sector expertise and active management approach that sets us apart, allowing us to anticipate local market and sector needs and drive long-term performance at every stage of the investment lifecycle.
Fund performance
Performance to 31 March 2025
| Dexus AREIT Fund Growth | Dexus AREIT Fund Income1 | Dexus AREIT Fund Total Return2 | S&O/ASX 300 A-REIT Index3 | Relative Performance | Dexus AREIT Fund Standard Dev4 | A-REIT Index Standard Dev | |
|---|---|---|---|---|---|---|---|
| 1 month | -3.14% | 0.48% | -2.67% | -4.80% | 2.13% | ||
| 3 months | -3.40% | 1.41% | -1.99% | -6.55% | 4.56% | ||
| 1 year | -8.45% | 5.44% | -3.01% | -5.37% | 2.36% | 15.45% | 17.35% |
| 2 years | 3.90% | 6.57% | 10.47% | 13.18% | -2.71% | 17.75% | 19.98% |
| 3 years | -4.91% | 5.98% | 1.07% | 3.27% | -2.20% | 21.25% | 23.19% |
| 5 years | 4.65% | 6.55% | 11.20% | 13.79% | -2.58% | 19.51% | 21.33% |
| 10 years | -1.66% | 6.21% | 4.55% | 6.92% | 2.37% | 19.72% | 20.61% |
| Since inception5 pa | 1.98% | 7.44% | 9.41% | 9.66% | -0.24% | 17.38% | 18.73% |
Past performance is not a reliable indicator of future performance.
1 Distributions may include a capital gains component.
2 Returns quoted are before tax, after fees, costs and expenses, assume all distributions are reinvested. Returns are annualised for periods greater than one year. Fund’s inception date used to determine return: 19 January 2009. 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 a reliable indication of future performance.
3 Dexus AREIT Fund performance Index/Benchmark is the S&P/ASX 300 AREIT Index
4 Calculated monthly, Standard deviation is based on total returns (net of all fees).
5 Fund inception 19 January 2009.
Platform availability
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mFund announcements
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- Monthly applications & redemptions
- Distributions
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Documents
Significant Investor Visa and Investor Visa
The Australian Government’s Significant Investor Visa (SIV) and Investor Visa (IV) are streams within the Australian Government’s Business Innovation and Investment (Provisional) (Subclass 188) visa and the Business Innovation and Investment (Permanent) (Subclass 888) visa which enables a high net worth individual the ability to migrate to Australia and secure permanent residency. Provisional SIV holders invited to apply for this visa after 1 July 2021 are required to invest $5 million (AUD) into complying significant investments for the duration of the provisional visa.
Provisional SIV holders may be eligible to apply for a permanent visa after holding the visa for at least three years or through the Significant Investor Visa Extension stream and also after having satisfied the other requirements. Provisional IV holders invited to apply after 1 July 2021 are required to invest $2.5 million (AUD) into complying significant investments for the duration of the provisional visa. Provisional IV holders may be eligible to apply for a permanent visa after holding the visa for at least three years and satisfying the other requirements. Please see the Department of Home Affairs website for further information.
The SIV complying investment rules were changed in 2021 by the Australian Government and from 1 July 2021, SIV applicants are required to invest at least $5 million (AUD) in complying investments, which must include:
- Up to $2.5 million in one or more balancing investment(s), such as managed funds that invest in a combination of eligible assets that include Australian listed securities, eligible corporate bonds or notes, annuities and real property (subject to the 10% limit on residential real estate
- At least $1.5 million invested in an Australian emerging companies fund; and
- At least $1 million in an Australian venture capital or growth private equity fund(s)
The IV complying investment rules were changed in 2021 by the Australian Government to be consistent with the SIV complying investment rules. From 1 July 2021, IV applicants are required to invest at least $2.5 million (AUD) in complying investments, which must include:
- Up to $1.25 million in one or more balancing investment(s), such as managed funds that invest in a combination of eligible assets that include Australian listed securities, eligible corporate bonds or notes, annuities and real property (subject to the 10% limit on residential real estate)
- At least $0.75 million invested in an Australian emerging companies fund; and
- At least $0.5 million in an Australian venture capital or growth private equity fund(s).
Under both the SIV and the IV rules, the Dexus AREIT Fund qualifies as a complying balancing investment. For further information or for a copy of the 1413D Declaration Form, please contact our Investor Services Team at 1800 996 456 or investorservices@dexus.com, or contact your registered migration agent.
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Disclaimers and notes
Jump to next sectionFOOTNOTES
*Important note: The unit prices displayed in this section are indicative only.
If unit prices are not available for today, then the latest available prices will be displayed. Unit prices are not calculated on weekends or public holidays.
Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices.
During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. Actual unit prices can be confirmed on receipt of a completed application or redemption form.
**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 a reliable indication of future performance.
DISCLAIMERS AND IMPORTANT INFORMATION
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.
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