Fund-vs-fund · Listed Property
Dexus Global REIT Fund vs Fisher Funds Property & Infrastructure 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 between these two funds is data availability: the Dexus Global REIT Fund's latest Quarterly Fund Update is absent from our snapshot, meaning its annual fund charge, risk indicator, five-year return, fund size, and asset allocation are all undisclosed here. Any comparison on those dimensions is therefore one-sided.
On the data that does exist, Fisher Funds Property & Infrastructure Fund charges an annual fund charge of 1.53%, carries a risk indicator of 4 out of 7, and has returned 4.56% per annum over five years. The fund holds NZ$153.7 million in assets under management, with 98.31% allocated to growth assets — a notably high growth-asset weighting for a listed property category fund. Its top holdings span utilities and infrastructure as well as real estate investment trusts, with NextEra Energy (8.2%), CMS Energy (6.21%), Goodman Group (5.75%), American Tower (5.46%), and Aena SME (5.46%) making up its five largest positions. The blend of infrastructure names alongside property assets reflects a dual mandate that distinguishes it from a pure-play REIT fund, though whether Dexus Global REIT Fund takes a narrower or broader approach cannot be assessed without its disclosure data.
Both funds sit in the Listed Property category, so investors comparing them should weigh Fisher Funds' disclosed fee and return record against whatever Dexus ultimately discloses. Verify all figures against the source Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any information presented here.
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
Dexus
—
—
Fisher Funds
1.53%
Highest 17% of cohort
5-year return p.a.
Past performance — not a predictor
Dexus
—
—
Fisher Funds
4.56%
Top 4% over 5 years
Fund size
Larger = more stable, lower close-risk
Dexus
—
—
Fisher Funds
NZ$154m
Largest 10% in cohort
| Metric | Dexus | Fisher Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | — | 1.53% | Lower is better |
| Risk indicator (1–7) | — | 4 | Higher = more volatility |
| 5-year return p.a. | — | 4.56% | Higher is better (past not future) |
| Fund size | — | NZ$154m | 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
Dexus
Dexus Global REIT Fund
Strategy summary not yet ingested.
Full Dexus Dexus Global REIT Fund profile →Fisher Funds
Fisher Funds Property & Infrastructure Fund
The fund focuses on growth of your investment over the long term by investing in New Zealand and international property and infrastructure assetsFull Fisher Funds Fisher Funds Property & Infrastructure Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Dexus
Fisher Funds
LiveLast verified 2026-05-08
Common questions
What's the difference between the Dexus Global REIT Fund and the Fisher Funds Property & Infrastructure Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
