Dexus Australian Property Fund

An established portfolio of commercial property investments


Dexus Australian Property Fund (DAPF) aims to provide investors with income and long-term capital growth through access to a portfolio of property investments. These investments include owning property directly, holding units in the Dexus Wholesale Australian Property Fund, Australian-listed property securities and cash.

The fund provides investors with access to a diversified portfolio of commercial property investments, through indirect ownership of established office, retail and industrial assets, with a focus on income returns and potential for capital growth. The portfolio is well-diversified with investments located in different markets throughout Australia and a large tenant base comprised of corporate and government tenants.  Please speak to your financial adviser or view our platform list to invest.

  • Description of target market for this fund

    This product is likely to be appropriate for a consumer seeking capital growth and regular income to be used as a small allocation within a portfolio where the consumer has a long investment timeframe and a low-to-medium risk/return profile.

  • Withdrawal frequency 

    Generally, withdrawal requests will be processed and paid within 12 months of receipt. 

    However, if the Responsible Entity is unable to realise sufficient assets due to circumstances beyond its control, the withdrawal request may take longer than 12 months to be satisfied. Investors should be aware that withdrawal requests can only be processed and met while the Fund is liquid. If the Fund ceases to be liquid for the purposes of the Corporations Act, the Responsible Entity will not meet withdrawal requests. 

  • Risk profile 

    The fund may be suitable for a consumer with a low-to-medium risk profile, seeking to minimise potential losses (e.g. has the ability to bear up to two negative returns over a 20-year period (SRM 3)) and is comfortable with a moderate target return profile. The risks specific to the fund may include or be associated with:

    • Property investments – factors such as the quality of underlying properties, types of property (such as retail, commercial, office or logistics), tenancy and vacancy rates and geographic location may affect the fund's performance.

    • Liquidity – assets subject to liquidity risk may be difficult to trade and it may take longer for their full value to be realised, and in circumstances where the fund's portfolio ceases to be ‘liquid’ for Corporations Act purposes, there may be significant delays or a freeze on withdrawal requests. Market conditions may adversely impact the liquidity of assets held in a fund portfolio.

    • Interest rates – may adversely change and impact the fund's performance including the risk of capital loss in a rising interest rate environment.

    • Gearing – has the effect of magnifying the fund's returns, both positive and negative.

    • Derivatives – the use of derivatives may magnify any losses incurred.

    • Share market investments – the value of the fund's investment in listed securities may decrease or be more volatile as a result of adverse share market movements.

What are the key risks?

Risks specific to the fund include property investments, share market investments, interest rates, gearing and the use of debt, derivatives, liquidity and fund termination risks. Please refer to the Product Disclosure Statement and Derivative Risk Statement (which can be obtained by contacting us) for more information.

Platform

Zenith recommended

Product Marketing Name
Dexus Australian Property Fund

APIR code
NML0337AU

Investment Objective
The objective of the Fund is to provide income and long-term capital growth

Distribution frequency
Quarterly

 

Product Inception Date
31 July 2001

Risk Level (1-7)
3

Product Status
Open

Minimum Suggested Timeframe
5 Years

 

The fund's risk level is based on the estimated number of negative annual returns for the fund over any 20 year period and is not a complete assessment of the risks of investing in the fund. For instance, it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the fund, you should read the fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment timeframe.


Unit Prices

As at 01 Mar 2024

0.77115

Buy

0.77115

Sell

NML0337AU

APIR code

$10,000

Minimum investment

Buy/Sell Spreads

0.00%

Buy

0.00%

Sell

Performance

As at 31 Dec 2023

1 Month

-9.07%

3 Month

-8.47%

1 Year

-18.13%

3 Year

0.18%

5 Year

1.28%

Since Inception

6.04%

Past performance is not a reliable indicator of future performance.

  • Historical Unit Prices

    Date

    Buy

    Sell

  • AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) has been appointed as the responsible entity (RE) for the Wholesale Australian Property Fund (ARSN 088 996 392) (WAPF) replacing–National Mutual Funds Management Ltd (ABN 32 006 787 720, AFSL 234652) (NMFM).


    Notices to Unitholders: Insufficient voting requests were received by NMFM from the unitholders in WAPF to require a meeting of unitholders or postal vote on the decision to replace the RE. NMFM has retired as RE of WAPF and appointed AMPCFM in their place effective from 11 April 2022.


    More information
    Effective 11 April 2022, a new Product Disclosure Statement has been issued to reflect the change of RE for WAPF.


    We are in the process of transitioning the responsible entity of WAPF from NMFM to AMPCFM (effective Monday 11 April 2022). Where a transaction in relation to WAPF has occurred prior to 11 April 2022 please read any reference to AMPCFM as a reference to NMFM (as applicable), which was the responsible entity prior to 11 April 2022.

  • Important note: The unit prices displayed in this section are indicative only

    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.


    Our unit price discretion policy states where we may exercise certain discretions in determining the unit price of units on application or withdrawal in each investment option. View and download our unit pricing discretions policy on our policies page for the types of discretions that we may exercise, in what circumstances, how we exercise the discretions and the reasons why we consider our policies to be reasonable.


    AMP Capital funds
    NMFM Unit Trust funds


    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.


    AMP Capital Funds Management Limited (ABN 15 159 557 72, AFSL 426455) or any company within the Dexus Group make no representation or warranty as to the reliability, completeness or accuracy of the unit price information, or accept any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information.


    The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant PDS available from us for the relevant fund before making any decision regarding the product.

  • Important note: Past performance
    Past performance is not a reliable indicator of future performance.

    Performance is annualised for periods greater than one year. Total returns are calculated using the unit price which uses the net asset values for the relevant month end. This price may differ from the actual unit price for an investor applying for or redeeming an investment. Actual unit prices will be confirmed following any transaction by an investor. Returns quoted are before tax, after fees and costs, and assume all distributions are reinvested.

  • Platform List

    • AMP Personalised Portfolio
    • Aon Hewitt
    • ASGARD Infinity enwrap - Investment/Super/Pension
    • Ausmaq (Administrator)
    • BT Wrap Investment/Super
    • BT Panorama
    • FirstWrap
    • HUB24
    • iAccess
    • MyNorth
    • Macquarie Wrap
    • MLC Wrap Super (Series 2)
    • MLC Navigator - Investment/Retirement/Super (Series 2)
    • North
    • Netwealth Super Wrap
    • Praemium
    • PortfolioCare eWrap - Investment/Super/Pension
    • Summit
    • Uexchange
    • Wealthview

     

Important information

Dexus Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (DCFM), is the responsible entity of the Dexus Australian Property Fund (the Fund) (ARSN 096 853 619) and the issuer of the units in the Fund.

To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from DCFM. Dexus Funds Management Limited as responsible entity of Dexus Property Trust and Dexus Operations Trust (Dexus) recently acquired DCFM. The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither DCFM nor any other company in the Dexus group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, neither DCFM nor any other Dexus group company make any representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs. This content is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest. A target market determination has been made in respect of the Fund and is available at www.dexus.com/dapfinvest.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned to APIR NML0001AU, November 2021) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines. 

  
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