Home/Property / REITs/DJRE

DJRE

$20.71+0.78%Property / REITs39/100
Fund Page ↗

SPDR Dow Jones Global Real Estate Fund · State Street

Data as at 29 March 2026

TL;DR

Tracks listed property companies from developed and emerging markets outside the United States. Provides international REIT diversification at 0.35% per year.

MER (Annual Fee)
0.43%
#5 lowest in Property / REITs
1Y Return
-2.0%
3Y Return (p.a.)
+6.3%
Dividend Yield
2.76%
Trailing 12 months
AUM
$526.3M
Assets under management
Avg Daily Turnover
$324K
Avg shares × unit price
Unit Price
$20.71
As at 29 March 2026
Provider
State Street
Loading chart…

Strategy

Managed by State Street (SPDR). Tracks a Dow Jones index covering real estate companies from approximately 20 countries, including Australia, Japan, UK, Singapore, France, and Hong Kong.

Top Holdings

Key Fact

DJRE excludes US REITs entirely. The US has the world's largest REIT market — companies like Prologis, Public Storage, and Equinix. Investors seeking complete global property exposure often combine DJRE with a separate US REIT product.

Suited for

Investors who want global real estate diversification beyond Australian REITs. International property markets move differently to Australia due to different rent cycles, interest rate environments, and property types.

Risks

Currency risk across multiple currencies (JPY, GBP, EUR, HKD). Different countries have different REIT regulations and tax treatments. Property markets in Asia and Europe face different supply and demand dynamics to Australia.

ETFCheck Score39/100
Fees (40%)36
Fund Size (25%)38
Liquidity (20%)30
Yield (15%)60
How scores are calculated →
Other Property / REITs ETFs
VAP
0.23% MER
63
REIT
0.29% MER
59
MVA
0.35% MER
56
SLF
0.40% MER
51View all Property / REITs ETFs →

Frequently Asked Questions - DJRE

How does DJRE's global REIT exposure complement an Australian property portfolio?+
DJRE provides access to international real estate sectors largely absent from the ASX, including US cell tower REITs, European logistics operators, and Asian hospitality trusts. Australian investors holding VAP or SLF can add DJRE for genuine geographic and sector diversification beyond domestic shopping centres and office towers. With a one-year return of 12.4% and 3.62% yield, DJRE underperformed domestic peers partly because US REITs faced higher interest rates, but it reduces Australia-specific concentration risk in SMSF property allocations.
Why doesn't DJRE provide franking credits and how does that affect after-tax returns?+
DJRE holds predominantly US and international REITs that pay dividends from foreign rental income, which are ineligible for Australian franking credits. This means SMSF funds in pension phase cannot claim franking credit refunds as they would with domestic equity ETFs. Foreign withholding tax - typically 15-30% depending on treaty arrangements - is deducted at source, though Australian resident investors may claim foreign income tax offsets on their ATO return, partially recovering this leakage and improving net after-tax yields.
What currency risk does DJRE carry and should Australian investors hedge instead?+
DJRE is unhedged, meaning returns are affected by AUD/USD movements - a falling Australian dollar boosts returns while a rising dollar erodes them. Over the past year, DJRE returned 12.4% partly influenced by currency fluctuations alongside underlying REIT performance. Investors wanting pure international property exposure without foreign exchange volatility should consider REIT (VanEck, MER 0.29%), which hedges currency back to Australian dollars, isolating rental income and capital growth from currency speculation in their portfolio.
What percentage of DJRE is allocated to US REITs and does that create geographic concentration?+
US REITs typically comprise approximately 55-65% of DJRE's portfolio, reflecting America's dominance of global listed real estate markets. This heavy US weighting means DJRE is significantly influenced by Federal Reserve interest rate decisions, US commercial vacancy trends, and American consumer spending patterns. Australian investors should recognise that DJRE is not truly globally balanced - it's primarily a US REIT fund with satellite international exposure, which may duplicate risk if they already hold US equities through ETFs like IVV or VTS.