REITAU VanEck FTSE International Property (Hedged) ETF Please read important disclosure Close important disclosure false au en false false
  • REIT
    VanEck FTSE International Property (Hedged) ETF

    REIT
    VanEck FTSE International Property (Hedged) ETF

    • NAV
      $14.66

      as at 12-Apr-24
    • Total Net Assets
      $302.08M
    • Dividend Frequency
      4 each year
    • Management fee (p.a.)
      0.20%
    • Number of securities
      318
    • Inception Date
      29-Mar-19
    The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 3pm next business day.
    REIT Fund Image

    Overview

    Fund Description

    Our international REIT ETF gives investors access to a diversified portfolio of international REITs with returns hedged into Australian dollars. Our international REIT ETF aims to provide investment returns, before fees and other costs, which track the performance of the Index.

    Key benefits

    International Real Estate Investment Trusts (REITs)

    Access to a portfolio of approximately 300 international REITs diversified by country and sector providing exposure to commercial, healthcare, retail, office, industrial and other sectors not available in Australia

    Efficient access to international property investing with low entry costs

    Liquid form of international "bricks & mortar" with relatively low capital commitment and complexity compared to directly purchasing property overseas

    Income and growth potential

    International REITs generally pay more dependable and higher dividends than other companies listed overseas

    Australian dollar currency hedged

    Index Key points

    Underlying Index

    FTSE EPRA Nareit Developed ex Australia Rental Index AUD Hedged

    Overview

    The securities in the Index are real estate investment trusts (REITs) and companies that own real estate assets that derive a significant portion of their EBITDA from rental income and are listed on exchanges in the world’s major developed economies (ex Australia).

    Summary of Index methodology

    Below is a general overview of the process FTSE follows to determine the constituents of the REIT Index:

    1. The eligible universe of securities is the FTSE Global All Cap Universe.
    2. FTSE screens the eligible universe to include only companies in ICB Supersector Real Estate, ICB Subsector Heavy construction, or ICB Subsector Home Construction. Additional companies may be included with guidance from European Public Real Estate Association (EPRA), National Association of Real Estate Investment Trusts (NAREIT) and FTSE's Regional Advisory Committee consisting of senior market practitioners who are representative of the appropriate sectors of the real estate investment community.
    3. Only companies which derived in the previous full financial year at least 75% of total EBITDA from ownership, trading and development of income-producing real estate are included;
    4. A company must be classified as Rental to be included in the REIT Index. To be classified as Rental the EBITDA or revenue from properties must be greater than or equal to 70% of the total EBITDA or revenue both years individually of a two year period.
    5. Size thresholds for both new and continued membership are applied at each quarterly review (based on a percentage of their respective region's investable market cap).
    6. A liquidity screen is conducted semi-annually in March and September based on each security's monthly median daily trading.

    Currency hedging

    FTSE reduces the exposure of the Index to foreign exchange rate fluctuations between the Australian dollar and currencies in which the constituents are denominated by notionally entering into forward foreign exchange contracts on a rolling one-month basis at the end of each month. The Index is not fully hedged and retains some exposure to currency movements.

    Rebalances

    The Index is reviewed and re-balanced on a quarterly basis, usually as of the close of the third Friday of March, June, September and December. The Index constituents will be compiled using data available after the close of business on the Monday 4 weeks prior to the re-balancing effective date.

    Index provider:

    FTSE International Limited (FTSE), a member of the London Stock Exchange. FTSE is not a related body corporate of VanEck Investments Limited.

    The Fund is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited or the London Stock Exchange Group companies (‘LSEG’) (together the ‘Licensor Parties’) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE EPRA Nareit Developed ex Australia Rental Index AUD Hedged (‘Index’) upon which the Fund is based, (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the Fund. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to VanEck or to its clients. The Index is calculated by FTSE or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein. All rights in the Index vest in FTSE. “FTSE®” is a trademark of LSEG and is used by FTSE and VanEck under license.

    Performance

    Holdings & allocations

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.

    Documents & insights

    REITAU
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