Which managed funds pay distributions and how frequently do they pay them?

You have the option of either having distributions paid as cash into your Transaction Account or reinvested to purchase additional units in the relevant fund.

This preference is applied to all Funds in your InvestNow account.

Macquarie Asset Management

The Macquarie Income Generator Fund pays a fixed monthly distribution. The distribution rate is reviewed on or around 1 April and 1 October each year, and unit-holders are advised by email of any change.

The following funds pay a half-yearly distribution, calculated on or around 31 March and 30 September:

• Macquarie All Country Global Shares Index Fund
• Macquarie Australasian Property Index Fund
• Macquarie Global Listed Infrastructure Fund
• Macquarie Global Property Securities Fund
• Macquarie Global Short Duration Fund
• Macquarie Ethical Leaders Hedged Global Fixed Interest Index Fund
• Macquarie NZ Cash Fund
• Macquarie NZ Fixed Interest Fund
• Macquarie NZ Shares Fund
• Macquarie NZ Shares Index Fund
• Macquarie NZ Short Duration Fund

For more information about Macquarie distributions, click here. The other Macquarie funds available on InvestNow do not currently pay distributions, and all income is reflected in the unit price.

ANZ OneAnswer

No distributions are made from the funds. Income is re-invested in the funds.

Antipodes Partners

The Antipodes Global Fund – Long (PIE) does not currently pay a distribution.

APN Property Group

APN expect to make monthly distributions.

Castle Point

The Castle Point 5 Oceans Fund intends to pay distributions monthly.

The Castle Point Trans-Tasman Fund intends to pay distributions quarterly for distribution periods ending April, July, October and January

Devon Funds Management

Devon intends to pay distributions semi-annually for the Alpha, Trans-Tasman, and Australian Funds, and quarterly for the Dividend Yield Fund.

Elevation Capital Value Fund

Distributions may be paid annually.

Ellerston Global Mid Small Cap Fund – Class A

Distributions are paid semi-annually, calculated on or around the 30 June and 31 December.

Fisher Funds

These funds do not currently pay distributions.

Foundation Series

These funds do not currently pay distributions.

Franklin Templeton

The Brandywine Opportunistic Fixed Income Fund expect to make six-monthly distributions in respect of the periods ending on the last business day in March and September.

Harbour Asset Management

The Harbour Income Fund and Harbour Active Growth Fund intend to pay distributions monthly.

The NZ Core Fixed Interest Fund, NZ Corporate Bond Fund and Australasian Equity Income Fund intend to pay distributions quarterly for the distribution periods ending March, June, September and December. The other Harbour funds do not pay distributions.

The Hunter Global Fixed Interest Fund distributes six-monthly, in March and September.

The Harbour NZ Index Shares Fund, the Harbour Real Estate Investment Fund and the Harbour Sustainable NZ Shares Fund intend to pay distributions six-monthly in March and September.

India Avenue Investment Management

The Fund usually distributes income annually at the end of June.

Milford Asset Management

The following funds pay distributions quarterly:

• Milford Conservative Fund
• Milford Diversified Income Fund
• Milford Global Corporate Bond Fund
• Milford Trans-Tasman Bond Fund

The Milford Trans-Tasman Equity Fund intends to make distributions semi-annually in March and September.

Mint Asset Management

Currently Mint do not make distributions from either the Active Equity Trust or the Real Estate Investment Trust.

For the Diversified Income Fund, distributions are made quarterly following the last Business Day of March, June, September and December. Distributions are only made from the net income generated by the Fund and consequently the amount distributed can fluctuate.

Nikko Asset Management

The Concentrated Equity Fund and Core Equity Fund may pay distributions six-monthly for the distribution periods ending March and September.

The Income Fund and NZ Corporate Bond Fund  may pay distributions quarterly for the distribution periods ending March, June, September and December.

Pie Funds

Bi-annual income distributions from the Dividend Fund on or about 30 June and 31 December

Platinum Investment Management

Platinum International Fund pays an annual distribution as at 30 June. Platinum also has a discretion to make interim distributions during the financial year.

QuayStreet

Russell Investments – AUT Funds

Any income, excluding unrealised gains, of the Global Opportunities Funds, the Global Listed Infrastructure Fund and the Low Carbon Fund is usually distributed quarterly.

The Russell Emerging Markets Fund usually pays an annual distribution at the end of June.

Russell Investments

Russell Investments NZ Fixed Interest Fund, Global Fixed Interest Fund, NZ Shares Fund, Global Shares Fund and the Hedged Global Shares Fund intend to make six monthly distributions.

The distributions are expected to be made following the last valuation days in March and September.

Salt Asset Management – NZ Dividend Appreciation Fund and Enhanced Property Fund

Both intend to pay semi-annual distributions paid out of 72% of the net income (as determined by Salt) accrued for the preceding six month period. For this purpose, ‘net income’ generally means all dividend income received during the period, although we can change this at our discretion.

Distributions will be calculated within seven business days of the last day of each distribution on period (which end on 30 April and 31 October, respectively). Payments are intended to be made within five business days of the date on which the distribution is calculated.

Smartshares

The following Funds pay distributions quarterly which calculated at the end of February, May, August and November:

• Smartshares Global Aggregate Bond ETF (AGG)
• Smartshares Global Bond ETF (GBF)
• Smartshares NZ Bond ETF (NZB)
• Smartshares NZ Cash ETF (NZC)

All of the Smartshares ETFs we offer have semi-annual distributions calculated at the end of May and November, excluding the below list:

• Smartshares Automation and Robotics ETF (BOT)
• Smartshares Emerging Markets Equities ESG ETF (EMG)
• Smartshares Europe Equities ESG ETF (EUG)
• Smartshares Global Equities ESG ETF (ESG)
• Smartshares Healthcare Innovation ETF (LIV)
• Smartshares Japan Equities ESG ETF (JPN)
• Smartshares US Equities ESG ETF (USA)

Squirrel

The Squirrel Monthly Income Fund pays a distribution monthly.

Te Ahumairangi

The Te Ahumairangi Global Equity Fund does not pay a distribution.

Vanguard

Distributable income and net realised capital gains (if any) will be determined quarterly, as at 31 March, 30 June, 30 September and 31 December each year.

Vault

The Vault International Bitcoin Fund does not pay a distribution.