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).


10 year p.a. index return
to 31 December 2021


Management fee p.a. (before rebate)


Indicative dividend
yield as at 31 December 2021


The fund pays distributions

Fund 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, which you can find out more about here.

CompanyIndustry% as at 31 Dec 2021
Precinct PropertiesOffice Real Estate18.18%
Goodman PropertyDiversified Real Estate17.91%
Kiwi Property GroupRetail Real Estate15.71%
Property for IndustryIndustrial Real Estate12.59%
Argosy PropertyDiversified Real Estate11.32%
Vital HealthcareHealth Care Real Estate11.04%
Stride PropertyDiversified Real Estate8.36%
InvestoreRetail Real Estate4.87%

Fund Holdings

Transparency is key and we think you should know which companies you own within our Fund. There are currently 8 companies in the Fund, spread across 5 different real estate sectors. You can find out more about constituent selection here.  

Sector Holdings

For those that like to get into the detail of asset allocation or their holdings, this sector breakdown shows you which industries you have investment across.  


Range of returns

-16.29% vs +51.66%

The best and the worst 12 month returns in the 10 years to December 2021*

Growth of $10,000


For the 5 years to December 2021, you would be up 87.36%*

Investment Objective

Growth & Income

The fund is designed to provide long-term capital growth and income generation.

*These are the gross index returns, not including fees or taxes.


3 months


1 year


5 years


10 years


Since Inception


Fund returns are after fees and at 0% PIR tax as at 31 December 2021. See our full performance disclaimer for more details. 

Under $25,000 invested


Over $25,000 invested


Fees & perks simplified

The investment management fee rebate is on your total invested portfolio, not per fund. For more information on how this works, please see here


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. 

Other Local Funds

NZ Small & Mid Cap Opportunities
Invest in smaller companies listed on the New Zealand Stock Exchange.

NZ 20 Fund

Invest in 20 of the largest companies listed on the NZX.

Ready to invest in NZ Commercial Property?

Have any questions? Call us on 0800 537 635 during 9am-5pm weekdays.