An income focused fund for investors seeking diversification beyond Australia


APN’s Asian REIT Fund (“Fund”) suits long term investors seeking income (paid monthly) and some capital growth. The Fund invests in listed Asian Real Estate Investment Trusts (REITS) providing investors with exposure to an underlying portfolio of high quality commercial property predominantly located in Tokyo, Hong Kong and Singapore^.

Geographic diversification

APN’s Asian REIT Fund is the same as its Australian cousin, except it offers access to Asia’s most globalised cities at the heart of the world’s fastest growing region.


Income focused

The Fund currently yields 6.08%pa1. Income is derived from the rents received on the underlying portfolio of commercial property held by the REITs.

Lower volatility

Because we select REITs based on a disciplined investment approach proven over 
20 years, we have been able to deliver returns with less risk than the market*.


The Fund charges a management cost of
0.98% pa and buy/sell spreads of 0.3%.


100% liquid

You can apply for and redeem units on a daily basis3.

Monthly distributions

The Fund pays monthly distributions into your nominated account. Or you can choose to reinvest each distribution.

APN Asian REIT Fund is rated by

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Running yield


as at 22 May 2020

APN Asian REIT Fund

Total return


over 5 years to 
30 April 2020

Monthly distributions

ARSN 162 658 200

  1. As at 22 May 2020. Current running yield is calculated daily by dividing the annualised distribution rate by the latest entry unit price. Distributions may include a capital gains component. Distributions are not guaranteed and past performance is not an indicator of future returns.
  2. Returns after all fees and expenses. Assumes distributions are reinvested. Investors' tax rates are not taken into account when calculating returns. Past performance is not an indicator of future performance. 
  3. Under normal market conditions.

^The Fund will invest primarily in REITs listed on the securities exchanges of the Asian region (including but not limited to Japan, Hong Kong, Singapore, New Zealand and Malaysia, but excluding Australia) as well as cash and fixed interest investments. 

*The APN Asian REIT Fund aims to provide lower than market volatility compared with the Bloomberg Asia REIT Index (or equivalent) over a 5-7 year time horizon.

This summary has been prepared by APN Funds Management Limited (APNFM) (ACN 080 674 479, AFSL No. 237500) for general information purposes only and whilst every care has been taken in relation to its accuracy, no warranty is given or implied as to the fairness, accuracy or completeness or correctness of the information. APNFM is a wholly owned subsidiary of APN Property Group Limited ACN 109 845 068. APNFM is the responsible entity and issuer of the APN Property Group products. The information provided in this material does not constitute financial product advice and does not purport to contain all relevant information necessary for making an investment decision. It is provided on the basis that the recipient will be responsible for making their own assessment of financial needs and will seek further independent advice about the investments as is considered appropriate. Past performance is not necessarily an indication of future performance. Returns shown are for retail investors, net of fees and costs and are annualised for periods greater than one year. Returns and values may rise and fall from one period to another. Investors’ tax rates are not taken into account when calculating returns. General risks apply to an investment in APNFM’s funds and must be considered before making an investment. In deciding whether to invest or continue to hold an investment in a particular fund, a person should obtain a copy of the relevant Product Disclosure Statement (PDS) for the fund and consider its content. APNFM recommends that a person obtain financial, legal and taxation advice before making any financial investment decision. Allotments or issues of securities will be made only on receipt of an application form attached to a copy of the relevant PDS. A copy of the PDS is available from APN Funds Management Limited, Level 30, 101 Collins Street, Melbourne, Victoria 3000 or by visiting or by contacting APN on 1800 996 456

APN Asian AREIT Fund received High Morningstar Sustainability Rating™ Out of 38 Global Equity Mid/Small Cap funds as of 31/12/2019. Based on 96.98 of AUM. Data is based on long positions only. Historical Sustainability Score as of 31/10/2019. Sustainability Rating as of 31/12/2019. Sustainalytics provides company-level analysis used in the calculation of Morningstar’s Historical Sustainability Score. ©2020 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.

The Lonsec Rating (assigned July 2019 for the APN Asian REIT Fund) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold APN Property Group product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: 

The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 for the APN Asian REIT Fund as at June 2019. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme. 

High Morningstar Sustainability Rating™