InvestNow KiwiSaver Scheme Product Disclosure Statement Updates

Updates to the InvestNow KiwiSaver Scheme Product Disclosure Statements (PDS) are available below – access the relevant PDS for each fund by clicking on the fund name.

Please note, this is page is only to inform you of recent changes.  To access all the current PDS documents please click here.

InvestNow Antipodes Global Value Fund

  1. Update to fund name from InvestNow Antipodes Global Fund – Long to InvestNow Antipodes Global Value Fund to reflect a change in underlying fund name from Antipodes Global Fund – Long (PIE) to Antipodes Global Value Fund (PIE)
  2. Update to the Estimated Annual Fund Charges from 1.25% to 0.95%

InvestNow Fisher Funds Growth Fund

  1. Update to the Estimated Annual Fund Charges from 1.02% to 1.04%
  2. Update to fee example to reflect new InvestNow Fisher Funds Growth Fund fee

InvestNow Mercer Ethical Leaders Balanced Fund

  1. Update to the fund’s buy spread from 0.13% to 0.12%
  2. Update to the fund’s target asset allocation and ranges as follows:
    – Cash and Cash Equivalents’ target asset allocation from 5% to 4%
    – International Fixed Interest’s target asset allocation to:
    • Overseas Sovereign Bond’s allocation from 22% to 11%
    • Global Credit from 0% to 10%
    • Other Fixed Interest from 3% to 5%
    – Total Fixed Interest’s target asset allocation from 35% to 36%, and range from 18% – 48% to 21%-51%
    – Australasian Equities’ target asset allocation from 14% to 13% and range from 4%-25% to 3%-23%
    – International Equities’ target asset allocation from 38% to 39% and range from 28%-48% to 29%-49%

OMI

  • Changes to reflect PDS updates (as appropriate)
  • Section on deferral of withdrawals changed to suspension of withdrawals and content adapted to match trust deed

SIPO

  • Changes to reflect PDS updates (as appropriate)

InvestNow Antipodes Global Fund

  1. Fund transferred from INKS Global Shares Funds #2 PDS to INKS Global Shares Funds #1 PDS
  2. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  3. Updated minimum suggested investment timeframe from 7 years to 5 years

InvestNow Castle Point 5 Oceans Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Minimum suggested investment timeframe from 4 years to 3 years

InvestNow Castle Point Trans-Tasman Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Minimum suggested investment timeframe from 7 years to 5 years
  3. Outperform objective timeframe from rolling 3 years to rolling 5 years

InvestNow Clarity Global Shares Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Minimum suggested investment timeframe from 7 years to 5 years
  3. Benchmark to remove the “ex-Tobacco” to make it MSCI All Country World Index (net dividends reinvested) in NZ dollars with 50% hedged to NZD

InvestNow Fisher Funds Conservative Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)

InvestNow Fisher Funds Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)

InvestNow Generate Focused Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)

InvestNow Harbour Active Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 0.98% to 1.05% including a change in the Performance Fee estimate from 0.00% to 0.07%
  3. Target Asset Allocation (Australasian shares from 30% to 25%, International shares from 30% to 35%, Listed property from 10% to 5% and Other assets from 0% to 5%)

InvestNow Harbour Australasian Equity Focus Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charge’s from 1.45% to 1.36%
  3. Minimum suggested investment timeframe from 7 years to 5 years

InvestNow Harbour NZ Core Fixed Interest Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)

InvestNow Harbour T. Rowe Price Global Equity Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Minimum suggested investment timeframe from 7 years to 5 years

InvestNow Hunter Global Fixed Interest Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 0.54% to 0.53%
  3. Risk Indicator from 3 to 4

InvestNow Macquarie Global Listed Real Estate Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 1.34% to 1.36% including
  3. Minimum suggested investment timeframe from 7 years to 13 years

InvestNow Macquarie NZ Cash Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charge’s from 0.28% to 0.30%
  3. Risk Indicator from 1 to 2

InvestNow Macquarie NZ Fixed Interest Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charge’s from 0.59% to 0.60%
  3. Buy/Sell Spread from 0.05%/0.05% to 0.10%/0.10%

InvestNow Mercer All Country Global Shares Index Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 0.42% to 0.46%
  3. Sell Spread from 0.07% to 0.12%
  4. Minimum suggested investment timeframe from 7 years to 13 years
  5. Updated benchmark from 69% gross hedged to 50% hedged to the NZD on an after-tax basis

InvestNow Mercer Ethical Leaders Balanced Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 1.33% to 1.32%
  3. Buy/Sell Spread from 0.16%/0.16% to 0.13%/0.12%
  4. Investment objective to reference achieving a rate of return (after fees) that exceeds CPI increases by at least 2.5% per annum after tax and 3.5% before tax over a minimum of eight years
  5. Target Asset Allocation (Cash and cash equivalents from 10% to 5%, NZ Fixed Interest from 12.5% to 10%, International fixed interest from 12.5% to 25%, Income Assets from 35% to 40%, Australasian shares from 20% to 14%, International shares from 35% to 38%, Listed property from 10% to 0%, Unlisted Property from 0% to 3%, Other assets from 0% to 5%, Growth Assets from 65% to 60%).
  6. Minimum suggested investment timeframe from 5 years to 8 years

InvestNow Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Buy Spread from 0.17% to 0.16%
  3. Risk Indicator from 3 to 4

InvestNow Mercer NZ Shares Passive Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charge’s from 0.36% to 0.34%
  3. Minimum suggested investment timeframe from 7 years to 13 years

InvestNow Milford Active Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Target Asset Allocation (Australasian shares from 34% to 30% and International shares from 44% to 48%)
  3. Swing pricing adjustment from 0.13% to 0.10%

InvestNow Milford Aggressive Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Swing pricing adjustment from 0.10% to 0.09%

InvestNow Milford Balanced Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Swing Pricing Adjustment from 0.12% to 0.11%

InvestNow Milford Conservative Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charge’s from 0.95% to 0.85%
  3. Swing Pricing Adjustment from 0.11% to 0.10%

InvestNow Mint Australasian Equity Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Outperformance objective against “after fees and expense” benchmark

InvestNow Mint Diversified Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 1.18% to 1.21%

InvestNow Mint Diversified Income Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 0.94% to 0.98%

InvestNow Pathfinder Ethical Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 1.50% to 1.33%

InvestNow Russell Investments Global Fixed Interest Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Risk Indicator from 3 to 4

InvestNow Russell Investments Global Shares Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)

InvestNow Russell Investments Hedged Global Shares Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)

InvestNow Russell Investments NZ Fixed Interest Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)

InvestNow Salt Enhanced Property Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 1.15% to 1.05% including a change in the Performance Fee estimate from 0.05% to 0.02%
  3. Minimum suggested investment timeframe from 7 years to 5 years

InvestNow Salt NZ Dividend Appreciation Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 1.14% to 1.11%

InvestNow Salt Sustainable Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Estimated Annual Fund Charges from 1.12% to 1.11%

InvestNow Smartshares Growth Fund

  1. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  2. Target Asset Allocation (NZ fixed interest from 8% to 6% and International fixed interest from 8% to 10%)
  3. Minimum suggested investment timeframe from 7 years to 9 years

InvestNow Te Ahumairangi Global Equity Fund

  1. Renamed  PDS from INKS Global Shares Funds #2 PDS to INKS Te Ahumairangi Global Equity Fund PDS
  2. Update of risk indicator calculation period to end of most recent quarter (30 September 2024)
  3. Estimated Annual Fund Charges from 0.63% to 0.62%