DCPF · Open

Dexus Core Property Fund

Available for

Financial advisers, Direct and Wholesale Investors

Unit prices Unit price data as at: 09/10/2024
Buy 1.05855
Sell 1.05685
Total return Total return data as at: 09/10/2024
  1.13%
APIR Code
  AMP1074AU
Minimum investment
  $10,000

Explore this fund

Dexus Core Property Fund (DCPF) is a single-fund solution that is diversified across a strategic mix of unlisted and listed real estate. It combines a core portfolio of high-quality Australian unlisted real estate with an actively managed Australasian and global listed real estate portfolio. DCPF is designed to deliver income and capital growth, while mitigating risk through the diversification of real estate investment types and generating a better risk/return profile over the long term. 

The fund has target asset allocations of 50% to Australasian unlisted real estate and 50% to Australasian and global listed real estate1

This fund is designed for investors who are seeking efficient and diversified exposure to real estate, looking for an investment that seeks to deliver income and capital growth in a stable way and are wanting to hedge against inflation in their portfolio. Please refer to the target market determination for further information.

26 Feb 2024
Dexus Core Property Fund Asset Flyer
24 Feb 2024
Dexus Core Property Fund Fund Profile

 

Why choose this fund?


Institutional grade core assets

Access to quality institutional-grade assets that are typically difficult for individual retail investors to obtain. 


Integrated management model

Leveraging the diversity and experience of Dexus's real estate business to drive investment outcomes.


Strong focus on diversification

A mix of unlisted and listed real estate, locally and overseas, providing access to a range of regions and sectors.

 

Fund facts

                
Product marketing name

Dexus Core Property Fund - Off-platform Class H

APIR code

AMP1074AU

investment objective

To generate income and capital growth on a rolling three year basis by investing in Australasian unlisted real estate and Australasian and global listed real estate            

Minimum suggested timeframe
 5 years
 
Distribution frequency
 Quarterly
product inception date
 12 April 2006
minimum investment
 $10,000
aRSN
114 235 326

What are the risks?

All investments involve risk and you should consider investment risks before making an investment decision. The key risks of investing in the fund include or are associated with:

  • Liquidity: assets subject to liquidity risk may be difficult to trade, and it may take longer for their full value to be realised. A drop in the liquidity level of the Fund increases the risk that the amount of cash available to the Fund to meet withdrawal requests may be reduced. This could result in the part or non-payment of withdrawal amounts, a reduction in the frequency of withdrawals or a freeze on withdrawal requests.
  • Property investments: factors that may affect the performance of the Fund, include the quality of underlying properties, geographic location, costs and losses associated with natural disasters, or other events outside our control, demand and supply for commercial properties, the rental profile of the properties owned and the level of rental income.
  • 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.
  • International investments: including losses related to currency exchange rates, hedging, and changes in the state of the Australian and world economies.
  • Derivatives: the use of derivatives may magnify any losses incurred.
  • Gearing: gearing has the effect of magnifying a fund’s returns, both positive and negative which means that the risk of loss of capital may be greater than if gearing did not take place. Additionally, increases in interest rates may affect the cost of a fund’s borrowings and so reduce the fund’s returns.
  • Interest rates: including the risk of capital loss in a rising interest rate environment.
  • Investment management: there is a risk that the investment manager will not perform to expectation or factors such as changes to the investment team or a change of investment manager may affect the Fund’s performance.
  • Market risk: Certain events may have a negative effect on the price of all types of investments within a particular market These events include economic, social, technological or political conditions, as well as market sentiment, the causes of which may include changes in government policies, political unrest, wars, terrorism, pandemics and natural, nuclear and environmental disasters.

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.

 

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. 

 

Get in touch

Disclaimers and Important information

1 Actual asset allocations of the Fund may differ from the targets and will be affected by the availability and volume of suitable unlisted real estate investment opportunities and the level of applications in and redemptions from the Fund.

 

This website has been prepared and issued by Dexus Funds Management Limited (ABN 24 060 920 783, AFSL 238163) as the investment manager of the Dexus Core Property Fund. The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235150) is the responsible entity of the Fund and the issuer of units in the Fund. The PDS contains important information about investing in the Fund and it is important investors read the PDS before making a decision about whether to acquire, continue to hold or dispose of units in the Fund. None of the responsible entity, Dexus or 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 document. Past performance is not a reliable indicator of future performance. All information on this website is subject to change without notice. While every care has been taken in the preparation of this information contained in this website, to the extent permitted by law, the responsible entity, Dexus and each of their related body corporates and their respective director, 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. 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. The PDS and a target market determination has been made in respect of the Fund and is available at www.dexus.com/dcpfinvest.

The Lonsec Rating (assigned May 2024) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Rating is a “class service” (as defined in the Financial Advisers Act 2008 (NZ)) or is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to “wholesale clients” (as defined in the Financial Advisers Act 2008 (NZ)). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Dexus product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regard Lonsec’s Ratings methodology, please refer to www.lonsecresearch.com.au/research-solutions/our-ratings. 

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned AMP1015AU issued on 13 December 2023) 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 https://www.zenithpartners.com.au/our-solutions/investment-research/fund-research-regulatory-guidelines/.

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

The unit price is determined under the Fund's constitution by reference to the net asset value and transaction costs pertaining to the relevant class of units, and the number of units on issue in that unit class. The market value and net asset value of the Fund are normally determined at least each Business Day, using the market prices and unit prices of the assets in which the Fund is invested. The definition of a Business Day is contained in the Fund’s Product Disclosure Statement. If unit prices are not available for today then the latest available prices will be displayed. 

The Responsible Entity may exercise certain discretions in determining the price of units in the Fund. The Unit Pricing Discretions Policy sets out the types of discretions that the Responsible Entity may exercise and in what circumstances the Responsible Entity exercises the discretions and the reasons why it considers the policies are reasonable. The Responsible Entity is required to keep a record of any instance where a discretion is exercised in a way that departs from these policies. The Unit Pricing Discretions Policy can be obtained by clicking on this link or a copy can be obtained, free of charge, by contacting us. 


Unit Pricing Discretions Policy

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.

Dexus Funds Management Limited (ABN 24 060 920 783, AFSL 238163) nor any company within the Dexus Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts 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 Dexus 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 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.

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