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 present in this snapshot, meaning its fee, risk indicator, five-year return, fund size, asset allocation, and top holdings are all undisclosed on our side of the comparison. Every figure that follows therefore applies solely to the ANZ Investments OneAnswer Property Securities Fund.
Both funds sit in the Listed Property category. The ANZ fund carries a risk indicator of 5 out of 7, consistent with the volatility typical of listed property vehicles, and allocates 98.31% of its portfolio to growth assets — a heavily equity-oriented stance. Its five-year return stands at 4.18% per annum, with a fund size of approximately NZD 43.3 million. The annual fund charge is 1.06%. Its top five disclosed holdings are concentrated in Australasian real estate: Goodman Group (18.31%), Goodman Property Trust (11.94%), Precinct Properties Group (7.97%), Kiwi Income Property Trust (7.23%), and Scentre Group (5.34%), together representing over half the portfolio. The Dexus fund's name suggests a global REIT mandate, which would imply a materially different geographic exposure, but no QFU data is available in this snapshot to confirm scope, fees, or performance.
Always verify all figures — including fees, returns, risk indicators, and holdings — against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
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?
