Dexus Wholesale Australian Property Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100283-2022-09-30-02:18.pdf |
FUND MANAGER | AMP Capital Investors |
ASX Code | |
APIR | NML0001AU |
ASSET CLASS | PROPERTY |
INVESTMENT STYLE | The Fund invests in a diversified portfolio of Australian office, retail and industrial property. |
INVESTMENT PROFILE | Dexus Wholesale Australian Property Fund (DWAPF) is an open-ended fund that aims to provide stable returns and long-term capital growth through investment in a diverse portfolio of quality Australian office, retail and industrial properties. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 31-03-1985 |
BENCHMARK | N/A |
FUND SIZE | N/A |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | |
FEES | Management fees and costs of 1.04%* pa of the Fund's net assets |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the AMP Capital Wholesale Australian Property FundThe Fund provides investors with: Access to a diversified portfolio of commercial property investments The Fund provides investors with indirect ownership of an established portfolio of 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. Access to a low debt fund which allows investors to choose when they invest The Fund offers investors a means of owning commercial property through an investment vehicle with low debt. The open-ended structure allows investors to choose when they invest in the Fund and, whilst the Fund is liquid, investors may lodge a withdrawal request if they wish to redeem their investment. AMP Capital's specialist real estate knowledge and broad investment expertise AMP Capital has a track record in real estate investment which can be traced back over 50 years. Investors in the Fund benefit from specialist teams with expertise in investment research, property management, leasing, capital transactions, development and funds management. A team of state account managers will distribute the Fund throughout Australia. Risk levelMedium to High |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
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Detail |
Key Features
About the FundThe Fund, established in 1985, aims to provide investors with income and long term capital growth, through investment in an established and diversified portfolio of Australian office, retail and industrial properties. The fund was acquired by Dexus in 2023. Investment approachThe Fund primarily invests in direct property and may also invest in Australian listed property securities and cash to assist in managing the Fund's return profile and liquidity. The Fund targets assets which have high occupancy rates and stable income streams underpinned by leases to long term, secure commercial and government tenants. Why direct commercial property?Commercial property includes office towers, shopping centres and industrial facilities. It provides:
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Mandate
How we invest your moneyThe Fund's investmentsThe Fund invests primarily in direct property within Australia, with the ability to also invest in cash and listed property securities. The portfolio is designed taking into account the real estate cycle, regional characteristics, investment opportunities and the liquidity profile of the Fund and its investments. The Fund may also invest in other managed investment schemes or investment companies where it is consistent with the Fund's investment objectives. The Fund's investments may change from time to time, and are updated regularly online at www.ampcapital.com.au (go to the Fund page). These updates can also be obtained by contacting us. The target asset allocation for the Fund is to hold 75% of its assets as direct property, with the balance of 25% allocated across cash and Australian Securities Exchange (ASX) listed property securities, such as Australian Real Estate Investment Trusts (AREITs) and funds which invest predominantly in AREITs. An AREIT is a corporation, or trust, which provides investors with exposure to properties such as shopping centres and other commercial or industrial properties. Asset allocation(Asset Class: Target Asset Allocation / Asset Allocation Range)
Asset allocation ranges for the Fund are shown in the table above, and are expressed as a percentage of assets. The Fund's actual asset allocation may be affected by the number of applications and withdrawals, and the availability and volume of direct property allocations. Consequently, the Fund's actual asset allocation may vary significantly from the target asset allocation range set out in the table above. If we change the target asset allocation or asset allocation ranges set out in the table above, we will lodge a PDS update notice online on behalf of the Responsible Entity at www.ampcapital.com.au (go to the Fund page). This updated information can also be obtained by contacting us. |