US-listed · NASDAQ · FIF-eligible (above NZ$50K)
Global X SRET Global X SuperDividend REIT ETF
Tracks the Solactive Global SuperDividend REIT Index — 30 highest-yielding global REITs, monthly distributions.
Updated Reviewed quarterly
SRET concentrates in the 30 highest-yielding REITs globally — yields this high typically signal structural pressure (mortgage spread compression, dividend-cut risk, leverage). Holdings are heavily weighted to mortgage REITs (mREITs), which carry interest-rate sensitivity that can produce large drawdowns when rates move. The 8.0% distribution is real but above-average dividend-cut risk applies. Read Global X's prospectus and the holdings concentration before investing.
About this fund
What is SRET?
SRET is the US-listed ticker for Global X SuperDividend REIT ETF, issued by Global X. Tracks the Solactive Global SuperDividend REIT Index — 30 highest-yielding global REITs, monthly distributions. TER is 0.59% per year, with a trailing 12-month distribution yield of approximately 8.0%. Distributions are paid monthly.
How to buy
Where can I buy SRET from New Zealand?
Hatch NZ-built. US$3 flat per trade, ~0.5% FX.
Stake Commission-free US shares; ~0.7% FX.
Sharesies NZ + AU + US in one account; tiered subscription pricing.
Interactive Brokers Tiered commissions; FX margin ~0.002% (lowest published of platforms reviewed).
See the full platform comparison for fees, minimums, and supported markets across all 11 NZ-accessible brokers.
NZ tax
How is SRET taxed for NZ investors?
SRET is US-listed, so it sits in the Foreign Investment Fund (FIF) regime once your overseas-share holdings exceed NZ$50,000 cost basis. Below that threshold, the FIF regime does not apply and you pay tax on dividends only.
Above NZ$50K cost basis, most NZ retail investors use the Fair Dividend Rate (FDR) method — deemed income = 5% × opening market value × your marginal tax rate. FDR vs CV method →
US dividends carry 15% US withholding tax under the NZ–US tax treaty (file a W-8BEN with your broker; without it, the rate is 30%). The 15% can be claimed as a foreign tax credit on your IR3.
Tax outcomes depend on your portfolio size, marginal rate, and FDR-vs-CV election. See PIE vs FIF for the full comparison and consult a registered NZ tax adviser for personalised guidance.
FAQ
Common questions about SRET
What is the SRET ETF? ⌄
SRET is the Global X SuperDividend REIT ETF — it tracks the Solactive Global SuperDividend REIT Index, holding the 30 highest-yielding global Real Estate Investment Trusts (REITs). TER is 0.59%, distributions paid monthly. Yield ~8.0%. Holdings are concentrated in mortgage REITs, healthcare REITs, and high-yield property sub-sectors.
Why does SRET pay such a high yield? ⌄
SRET screens for the highest-yielding REITs globally — and high yields often signal structural pressure on underlying business (mortgage spread compression, dividend-cut risk, leverage). Mortgage REITs (mREITs) typically dominate the holdings; their yields reflect interest-rate-sensitive carry trades that can collapse when rates move adversely. The high distribution is real but carries above-average dividend-cut risk.
SRET vs VNQ vs IYR — what's the difference? ⌄
VNQ (Vanguard Real Estate ETF, 0.13% TER) and IYR (iShares Real Estate, 0.39%) are broad-market REIT ETFs with ~3-4% yields. SRET is a yield-screened sub-set focused on the 30 highest-yielding REITs globally — narrower portfolio, higher distribution, higher concentration risk. SRET is a yield play; VNQ/IYR are diversified property exposure.
How is SRET taxed for NZ residents? ⌄
Above NZ$50,000 cost basis, FIF rules apply (FDR method most common). REIT distributions in the US are typically classified as ordinary income (not qualified dividends), which means the 15% US-NZ treaty withholding may apply differently from equity dividends. Because SRET holds global REITs (US, Australia, Hong Kong, Singapore), the tax mix is complex — confirm with your broker's annual statement.
Related ETFs and resources
JEPI — JPMorgan Equity Premium Income
High-yield equity income alternative; broader sector exposure than REIT-only.
SCHD — Schwab US Dividend Equity
Quality-screened US dividend stocks; lower yield, lower concentration.
HYG — iShares High Yield Corp Bond
Below-investment-grade US corporate bonds; same high-yield-with-risk profile.
FIF tax explained
When FIF applies and how to file.
NZ Dividend ETFs (DIV, FNZ, NZ20)
NZ-listed PIE-tax dividend alternatives without FIF complexity.