Dimensional Global Real Estate Trust - Unhedged Class Units

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100198-2023-11-12-02:21.pdf
ASX Code
INVESTMENT STYLE The Trust invests in a diversified portfolio of listed international and Australian real estate securities.
INVESTMENT PROFILE The investment objective of the Trust is to provide long-term capital growth.
FEES 0.37% p.a. of the NAV of the Trust



Benefits of investing in the Dimensional Global Real Estate Trust - Unhedged Class Units

An investment in the Trust offers investors a range of key benefits:

  • The investment strategy is grounded in rigorous academic research.
  • The investment strategy will provide continuous exposure to a professionally managed portfolio of real estate securities listed on developed and emerging markets.
  • The investment strategy is diversified to manage risk. Diversification also provides flexibility, which in turn allows for more efficient implementation of the portfolio.
  • Dimensional seeks to keep costs low by paying close attention to costs, including both management and implementation costs.
  • Direct investors receive regular investment statements and an annual tax statement to keep you up-to-date on your investment.
  • For the taxable investor, Dimensional seeks to maximise after-tax returns. It does this by managing the Trust in a way that aims to defer the realisation of net capital gains where possible and to manage dividend income.

Risk level


The likelihood of the capital value of your investment going down over the short term is relatively high compared to funds investing in lower-risk assets such as fixed interest assets or cash.

Investor suitability

The Trust may suit those investors seeking exposure to a diversified portfolio of real estate securities listed on developed markets (including Australia) and emerging markets with the potential for longterm capital growth. Investors in this Trust will be exposed to share market volatility.




Key Features

Fund overview and significant features

The Trust seeks to provide long-term capital growth by gaining exposure to a diversified portfolio of listed international and Australian real estate securities listed on developed and emerging markets (see section 5 of the PDS for details).

The Trust is not managed with the objective of achieving a particular return relative to a benchmark index. However, to compare the performance of the Trust with a broad measure of market performance, reference may be made to a combination of the S&P Developed ex Australia REIT Index and S&P/ASX 300 A-REIT Index, weighted according to the asset allocation for the Trust, unhedged (for the unhedged class units) and hedged to the New Zealand dollar (for the NZD hedged class units). For further details please refer to www.dimensional.com.au. Investors should note that the index is referred to for comparison purposes only. The performance of the Trust may differ significantly from the index.

Description of Trust

Two classes of units are offered to all investors: unhedged class units and NZD hedged class units that are denominated in New Zealand dollars. For the unhedged class units, foreign currency exposure is unhedged. For the NZD hedged class units, the Trust mitigates currency risk by hedging most major foreign currency exposures to the New Zealand dollar. Other foreign currency exposure is either partially hedged using one of the major currencies that is in Dimensional's view correlated with the relevant currency (as a proxy), or not hedged, depending on what Dimensional deems to be cost-efficient.

The Trust may lend securities for the purpose of generating additional income. The Trust may gain some or all of its market exposure by investing in other funds managed by Dimensional or its affiliates (including other Dimensional Wholesale Trusts).

Other members of the Dimensional Group may on occasion undertake the day-to-day trading of the securities, and make investment decisions under delegated authority from Dimensional.

About Dimensional

Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981.

Guided by a strong belief in markets, Dimensional offers strategies that focus on the drivers of expected returns. The firm applies a dynamic implementation process that integrates advanced research, methodical portfolio design, and careful execution, while balancing risks, costs, and other tradeoffs that may impact performance. This approach is applied across a full suite of investment strategies to help meet the needs of investors worldwide.


How we invest your money

Ordinarily, the Trust will pursue its objective by investing in a diverse group of listed real estate securities associated with Australia and other approved developed and emerging markets. Eligible securities for the strategy include the securities of Real Estate Investment Trusts (REITs), REIT-like entities as defined by Dimensional and entities principally engaged in the real estate industry. Investments in eligible securities generally will be made using a Market Capitalisation Weighted approach within each country.

Dimensional may also use other factors to determine target weights for securities in the Trust.

The basis for country weights will be determined by Dimensional from time to time. At the date of the PDS, the Trust's allocation of its assets to Australia is at a significantly greater weight than the country would represent if it were Market Capitalisation Weighted.

Strategic asset allocation

Under normal circumstances, the Trust will invest in accordance with the following target allocation range*:

  • Real Estate securities: 100%

*The Trust is expected to be fully invested. A portion of the portfolio may be allocated to cash for liquidity purposes. Please refer to the Additional Information Guide for further information.