Diversified and income-focused

5.82% pa1

Current running yield
as at 14 January 2022

8.76% pa2

Total return
over 5 years to 31 December 2021

All the benefits of Asian growth plus the reliability of commercial property income

APN’s Asian REIT Fund is ideal for income investors seeking international diversification and capital growth. Investing in Asian Real Estate Investment Trusts (REITs) listed primarily in Tokyo, Hong Kong and Singapore3, the Fund aims to deliver a stable, monthly income at lower-than-market risk.

Diversification

Invest in listed commercial property in Asia’s most globalised, land-constrained cities.

Income-focused

Income sourced from rents received from high-quality commercial property tenants.

Lower volatility

A disciplined investment approach, proven over 20 years, has delivered attractive returns at less-than-market risk4.

Monthly Distributions

Invest in listed commercial property in Asia’s most globalised, land-constrained cities.

100% Liquid

Apply for and redeem units daily5.

Competitive fee

Management costs of 0.98% pa and buy/sell spreads of 0.3%.

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Our ‘property for income’ philosophy

 Our investment philosophy is based on our long held view that commercial property is an outstanding asset class to generate sustainable investment income. APN is an experienced and active manager with an approach which focuses on the underlying fundamentals of real estate investment. We use our expertise to invest in professionally managed, high quality real estate portfolios with secure, long term leases to deliver reliable cash income distributions with lower levels of risk.

1. Current running yield is calculated daily by dividing the annualised distribution rate by the latest entry unit price. Distributions may include a capital gains component. Distributions are not guaranteed and past performance is not an indicator of future returns.
2. Returns after all fees and expenses. Assumes distributions are reinvested. Investors’ tax rates are not taken into account when calculating returns. Past performance is not an indicator of future performance.
3. The Fund will invest primarily in REITs listed on the securities exchanges of the Asian region (including but not limited to Japan, Hong Kong, Singapore, New Zealand and Malaysia, but excluding Australia) as well as cash and fixed interest investments.
4. The APN Asian REIT Fund aims to provide lower than market volatility compared with the GPR APREA Composite REIT Asia Index (in AUD) (GPR), over a 5-7 year time horizon.
5. Under normal market conditions.

This summary has been prepared by Dexus Asset Management Limited (DXAM) (ACN 080 674 479, AFSL No. 237500) for general information purposes only and whilst every care has been taken in relation to its accuracy, no warranty is given or implied as to the fairness, accuracy or completeness or correctness of the information. DXAM is a wholly owned subsidiary of Dexus (ASX ticker code: DXS). DXAM is the responsible entity and issuer of the products referred to in this summary, unless specified otherwise. The information provided in this material does not constitute financial product advice and does not purport to contain all relevant information necessary for making an investment decision. It is provided on the basis that the recipient will be responsible for making their own assessment of financial needs and will seek further independent advice about the investments as is considered appropriate. Past performance is not necessarily an indication of future performance. Returns shown are for retail investors, net of fees and costs and are annualised for periods greater than one year. Returns and values may rise and fall from one period to another. Investors’ tax rates are not taken into account when calculating returns. General risks apply to an investment in DXAM’s funds and must be considered before making an investment. In deciding whether to invest or continue to hold an investment in a particular fund, a person should read the relevant Product Disclosure Statement (PDS) for the fund in its entirety. DXAM recommends that a person obtain financial, legal and taxation advice before making any financial investment decision. Allotments or issues of securities will be made only on receipt of an application form attached to a copy of the relevant PDS. A copy of the PDS is available from Dexus Asset Management Limited, Level 30, 101 Collins Street, Melbourne, Victoria 3000 or by visiting www.apnres.com.au

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned for the APN Asian REIT Fund in June 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.

The Lonsec Rating (assigned October 2021 for the APN Asian REIT Fund) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating 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). 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 product(s) issued by Dexus Asset Management Limited, 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 regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings.

The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.