DCIF · Open

Dexus Core Infrastructure Fund

Available for

Financial Advisers, Direct and Wholesale Investors

Unit prices Data as at: 30/09/2024
Buy 1.27700
Sell 1.27572
Buy/Sell Spreads
  0.05% Buy 0.05% Sell
Minimum Investment
  $10,000
APIR Code
  AMP1180AU

Explore this fund

Dexus Core Infrastructure Fund (DCIF) provides investors with access to a diversified global portfolio of listed and unlisted infrastructure assets across multiple asset types, sectors and locations. DCIF seeks to offer strong risk-adjusted return (income and capital growth) potential, with a low expected correlation to other asset classes, such as equities and bonds. 

Unlisted infrastructure assets are generally difficult for investors to access due to the large capital outlay required. However, DCIF seeks to remove this barrier to entry by offering investors access to high-quality, unlisted infrastructure assets, usually only available to large institutional investors, but with a low minimum investment amount. The fund takes an integrated approach to building a strategically blended portfolio of unlisted infrastructure assets and listed infrastructure securities in Australia and around the globe. It offers investors access to infrastructure assets across airport, power transmission and distribution, rail, telecommunication, regulated utilities and education sectors.

 

This fund is available to Retail and Wholesale Investors and Investors with a Financial Advisor. 

30 Jun 2024
Dexus Core Infrastructure Fund Asset Flyer
30 Jun 2024
Dexus Core Infrastructure Fund Profile

 

Fund highlights

A portfolio of global infrastructure assets

Assets such as Melbourne Airport and Powerco are some of the most significant infrastructure assets in their sectors and countries. 

Predictable cash flows with less volatility

The essential services nature of infrastructure assets means that earnings are generally less volatile than equities.

Low correlation to other asset classes

Infrastructure investment returns generally have a low correlation to other mainstream assets, delivering diversification benefits to your portfolio.

 

Fund facts - Direct

                          
 Product marketing name  Dexus Core Infrastructure Fund - Off-platform Class H
 APIR Code
 AMP1180AU
 ARSN
127 019 238
Investment objective

To provide total returns (income and capital growth) after costs and before tax, above the Fund's performance benchmark. 

 Benchmark
The benchmark for the Fund is the 10-year Australian Government Bond Yield plus 3.25%pa. 
Minimum suggested Investment Timeframe

5 years

Distribution frequency

Quarterly

 Product inception date

30 Oct 2007

Minimum investment Amount
$10,000
 Risk level (1-7)
 

6
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 time frame. Information about the methodology used for calculating the risk level is available here.

What are the key risks?

The key risks of investing in the fund include or are associated with:

  • Infrastructure investments – factors affecting infrastructure assets such as an infrastructure company’s ability to service debt in a rising interest rate environment may negatively affect the value of DCIF’s investments. 
  • Co-ownership - where the Fund's assets are co-owned with other investors (including other funds managed by Dexus), any issues arising out of the co-ownership could affect the performance of the asset 
  • 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. 
  • 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. 
  • Deal flow - he availability and volume of new opportunities suitable for the Fund is difficult to predict. The Fund competes against other investors (including other funds managed by Dexus to secure access to these assets. Consequently, the Fund may not be able to identify or secure access to suitable investments, and this may affect the Fund's returns. 
  • Gearing – has the effect of magnifying the fund's returns, both positive and negative.
  • Derivatives – the use of derivatives may magnify any losses incurred. 
  • Interest rates –including the risk of capital loss in a rising interest rate environment. 
  • International investments - losses related to currency exchange rates, hedging, and changes in the state of the Australian and world economies may affect the Fund's performance

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 suitable for?

The fund is suitable for investors who:

  • are seeking capital growth and income distribution  
  • are intending to use the Fund as a minor allocation or satellite allocation within a broader investment portfolio   
  • have a minimum investment timeframe of five years  
  • have a high or very high risk/return profile for that portion of their investment portfolio, and   
  • require the ability to have access to capital within twelve months of request.

Please refer to the Product Disclosure Statement and the target market determination for further information.

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 development pipeline 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.


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.

Key contacts

Contact Picture

John Julian

Fund Manager

E john.julian@dexus.com

John Julian is a Managing Director in the Dexus Infrastructure Equity business and is the Fund Manager of the Dexus Core Infrastructure Fund1 (DCIF). John has over 28 years financial sector and investment experience in both legal and commercial roles. Initially joining AMP Capital (now Dexus) as a lawyer, John has worked in a range of legal and commercial roles with AMP Capital and its affiliates in Sydney, London and Chicago. John joined AMP Capital Infrastructure in 2008, and since then has worked closely with the Global Infrastructure Equity team across all aspects of the infrastructure investment capability, funds and strategies. John has been responsible for the management of DCIF since 2015.
Contact Picture

Camilla Brown

Assistant Fund Manager

E camilla.brown@dexus.com

Camilla joined Dexus Core Infrastructure Fund (DCIF) as Assistant Fund Manager in 2024 where she is responsible for implementing the Fund’s strategy, managing investor relationships and delivering on asset and portfolio returns.   With a background spanning over thirteen years in transactions, investment banking, and finance - seven of which were in Capital Transactions. Camilla has been actively involved in acquisitions, divestments, and developments, particularly within the health and aged care real estate sectors. She has been responsible for over $1.5 billion in transactions and has a proven track record of delivering enhanced returns.   Camilla is a graduate of the University of Sydney, holding a Bachelor of Commerce, and is a qualified Chartered Accountant.

How can we help?

Connect with us to explore investment opportunities, find the right space for your best work, or learn more about what we do. Together, let’s create tomorrow. 

 

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Disclaimers and Important Information

All information on this website is subject to change without notice. While every care has been taken in the preparation of the information contained in this website, 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, 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.  

This content 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 on this website, and seek professional advice, having regard to their objectives, financial situation and needs. The information contained on this website 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. 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 

Dexus Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (“DCFM”) is the responsible entity of the Dexus Core Infrastructure Fund (“Fund”) and the issuer of the units in the Fund. DCFM has appointed Dexus Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) as the investment manager of the Fund. DCFM and DCIL are both wholly owned subsidiary of Dexus: DXS. 
 
To invest in the Fund, investors will need to download at www.dexus.com/dcifinvest or obtain the current Product Disclosure Statement (“PDS”) from 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.. A target market determination has been made in respect of the Fund and is available at www.dexus.com/dcifinvest. 
 
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned to APIR AMP1179AU, December 2022) 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. 
 
The rating issued 05/2024 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved. 

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. 

Important note: past 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.

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