Date: 7 November 2025

Important Update to the Harbour Active Growth Fund

We are writing to inform you about key changes to the Harbour Active Growth Fund (Fund), effective 21 November 2025. Harbour Asset Management (Harbour) is making these changes with the goal of improving client outcomes through greater diversification. 

 A summary of the key changes is outlined below, and you can read the full details from Harbour Asset Management here. 

 Summary of Key Changes: 

•  Fund Name Change: The Fund will be renamed from the Harbour Active Growth Fund to the Harbour Balanced Growth Fund. 
•  Updated Investment Objective: The Fund’s objective is changing from aiming to “exceed the Official Cash Rate (OCR) plus 5% over rolling 5-year periods” to “outperform the benchmark before fees and tax over a rolling 5-year period” 
• New Asset Allocation: The Fund’s benchmark asset allocation is being updated to aim for greater diversification. Key changes include: 
  • Lowering the allocation to Australasian equities
  • Increasing the global equity weight and number of global active equity managers
  • Adding global fixed income exposure.
  • Incorporating a portion of passively managed investments. 

•  Revised Fee Structure: The estimated total fund charges are being simplified and will be reduced to 0.98% (previously 1.00%).  

Next Steps 

These changes will be applied automatically to your investment in this fund. No action is required from you if you wish to remain invested in the newly named Harbour Balanced Growth Fund under its new objective, asset allocation, and fee structure. 

However, we understand that a fund’s strategy and focus are important to your investment decisions. If these changes mean the Fund is no longer suitable for your goals, you have the option to switch your investment into any of the other funds offered on InvestNow, including any of the other Harbour Funds.  

For more information on the other Harbour fund offerings on InvestNow, please refer to the Harbour Landing Page on InvestNow.  

We will be updating the InvestNow website and the InvestNow KiwiSaver Scheme disclosure material to reflect these changes on or around the effective date of 21 November 2025. 

Should you have any questions please do not hesitate to contact us on 0800 499 466 or at contact@investnow.co.nz

Mike Heath
General Manager
InvestNow
Mob: +64 27 285 9178
mikeheath@investnow.co.nz

InvestNow is a member of the Apex Group. 

InvestNow does not provide personalised investment advice. We are one component of a person’s financial landscape and actively promote that our customers seek personalised advice from qualified advisers external to InvestNow. Click here to learn more about the tools and resources we offer to help you with your investment decisions. 

The issuer and manager of the InvestNow KiwiSaver Scheme and Foundation Series Funds is FundRock NZ Limited. For the InvestNow KiwiSaver Scheme Product Disclosure Statements click here.