Fund-vs-fund · Listed Property
ANZ Investments OneAnswer Property Securities Fund vs Dexus Global REIT Fund
Both are Listed Property funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material difference here is data availability: the Dexus Global REIT Fund's latest Quarterly Fund Update is not reflected in this snapshot, meaning its fee, risk indicator, five-year return, fund size, asset allocation, and portfolio holdings are all absent. Any structural comparison on those dimensions is therefore one-sided by necessity.
What can be stated about the ANZ Investments OneAnswer Property Securities Fund is that it carries an annual fund charge of 1.06%, sits at risk indicator 5 on the standard 1–7 scale, and has returned 2.25% per annum over five years to its latest QFU date. The fund holds NZ$51.5 million and allocates 98.31% to growth assets, consistent with a near-fully invested listed property mandate. Its five largest disclosed positions are Goodman Group (18.2%), Goodman Property Trust (11.55%), Precinct Properties Group (7.63%), Kiwi Income Property Trust (7.26%), and Scentre Group (6.01%), reflecting a mix of Australasian-listed real estate. As the fund name implies a securities-based approach rather than a global REIT strategy, the two funds may differ materially in geographic and sector exposure — but Dexus's disclosed holdings are unavailable here to confirm or quantify that difference.
Both funds share a Listed Property category, but beyond that common label, no meaningful fee, performance, or portfolio comparison can be drawn until Dexus's data is populated. Readers should verify all figures against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
What's different at a glance
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 15 listed property funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
ANZ Investments
1.06%
Upper half of cohort
Dexus
—
—
5-year return p.a.
Past performance — not a predictor
ANZ Investments
4.18%
Top 13% over 5 years
Dexus
—
—
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$43m
Lower half by size
Dexus
—
—
| Metric | ANZ Investments | Dexus | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.06% | — | Lower is better |
| Risk indicator (1–7) | 5 | — | Higher = more volatility |
| 5-year return p.a. | 4.18% | — | Higher is better (past not future) |
| Fund size | NZ$43m | — | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | — | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
What each fund says it does
ANZ Investments
ANZ Investments OneAnswer Property Securities Fund
The Property Securities Fund invests mainly in New Zealand and Australian listed property assets. Investments may include companies, funds or trusts that invest in property and are listed or intend to list, and cash and cash equivalents.The Property Securities Fund aims to achieve a return (after the fund charge and before tax) that over the long-term outperforms the relevant market index.Full ANZ Investments ANZ Investments OneAnswer Property Securities Fund profile →
Dexus
Dexus Global REIT Fund
Strategy summary not yet ingested.
Full Dexus Dexus Global REIT Fund profile →Common questions
What's the difference between the ANZ Investments OneAnswer Property Securities Fund and the Dexus Global REIT Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
