Latest Fund Factsheet
Updated: 31.10.2024
NZ Commercial Property
The Commercial Property Fund delivers diversification in the property sector by investing in the eight largest REITs on the New Zealand Exchange (NZX).
5-10 Years
Minimum suggested investment time frame
-1.00%
5 year p.a index return as at 31 October 2024
5.60%
Indicative dividend yield as at 31 October 2024
0.25%
Management fee p.a.
Overview
Kiwis love property. This fund provides a diversified investment into eight listed Real Estate Investment Trusts, who own and manage commercial property portfolios. This includes office buildings, industrial estates and shopping malls. Leveraging at an average of 30%, the underlying companies provide a varied exposure to over 300 properties throughout New Zealand.
This fund can provide a regular income stream, however unlike bonds, the distributions are not guaranteed and valuations will vary with the business cycle. This fund tracks the S&P/NZX Real Estate Select index.
Where is my money?
Take comfort in knowing which companies and locations your money is invested in.
holdings
Fund holdings as at 31 October 2024
| Company | Country | Industry | Weighting |
|---|---|---|---|
Goodman Property Trust | NZ | Industrial REITs | 17.62% |
Kiwi Property Group Limited | NZ | Retail REITs | 17.41% |
Precinct Properties New Zealand Limited | NZ | Office REITs | 17.40% |
Property for Industry Limited | NZ | Industrial REITs | 12.73% |
Vital Healthcare Property | NZ | Health Care REITs | 10.71% |
Argosy Property Ltd | NZ | Diversified REITs | 10.69% |
Sector composition
This graph shows the fund allocation according to the type of industry.
Industrial REITs (30.4%)
Retail REITs (21.7%)
Diversified REITs (19.7%)
Office REITs (17.4%)
Health Care REITs (10.7%)
Country and Sector composition as at 31 October 2024.
Returns
As at 31 October 2024
4.35%
3 months
13.25%
1 year
N/A
3 years
-1.18%
5 years
-1.01%
Since inception
Fund returns are after fees and at 0% PIR tax. Returns for periods more than a year are annualised to be per annum (p.a.). See our full performance disclaimer for more details.
Risk
The risk indicator reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The lowest risk rating doesn’t mean “risk-free” and this risk indicator is not a guarantee of a Fund’s future performance.
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2
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5
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7
Lower risk
Higher risk
Performance
Range of Returns
-22.32% vs 51.66%
The lowest and highest 12 month returns, in 5 years as at 31 October 2024*
Growth of 10K
$9,510.27
For the 5 years as at 31 October 2024, an investment of $10,000 would be up -4.90%*
Investment Objective
Growth & Income
The fund is designed to provide long-term capital growth and income generation.
*These are the gross benchmark returns, not including fees or taxes.
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