Corporate Information

The Manager

NZ Funds Management is the manager, issuer and the promoter of the Portfolios. As manager, NZ Funds Management is principally responsible for the day-to-day management of each Portfolio, including the implementation of investment strategies and the promotion of each Portfolio.

The Trustee

An independent trustee has been appointed for each Portfolio. The trustee of each Portfolio is:

Perpetual Trust Limited
Level 17, AMP Centre
29 Customs Street West
Auckland

The Trustee holds the assets of the Portfolios on behalf of the investors in the Portfolios. The Trustee also ensures that the provisions of the Trust Deed, which governs the operation of the Portfolios, are adhered to.

The Investment Trusts

Each Portfolio may invest in another unit trust (an "investment trust") for which NZ Funds Management is either the manager or investment manager. The investment trusts enable the Portfolios to invest in securities in a cost and tax effective manner.

The investment trusts may be established in New Zealand, in which case they have elected to be PIEs, or in Australia. Different tax structures apply depending on where each investment trust is established. By being able to access investment trusts in both New Zealand and Australia, the Portfolios are able to access the most favourable tax treatment.

The Trustee of the investment trusts may be New Zealand Funds Superannuation Limited or Global Investment Services Limited. Both New Zealand Funds Superannuation Limited and Global Investment Services Limited are related companies of NZ Funds Management.

Further information is contained in the latest Investment Statement.