FAQs

There is no minimum investment required to open an account and no minimum contribution amount. 

There is no lock-in period. You are free to access your money when you want to.

There is no termination fee.

You can withdraw all or part of your investment provided you give us 7 days' notice of your intention to withdraw.

The fund is primarily invested in premium New Zealand and Australian dividend-paying shares.

You can invest by completing an online application available by contacting
NZ Funds or your financial advice provider. An investment can be made by lump sum or regular contributions from your online banking.

You can choose to make regular contributions on a weekly, fortnightly, monthly or quarterly basis. NZ Funds does not charge a contribution fee.

You will be charged fees for investing in the Portfolio. Fees are deducted from your investment and will reduce your returns. If NZ Funds invests in other funds, those funds may also charge fees.

The fees you pay will be charged in two ways:

• Regular charges (for example, annual fund charges). Small differences in these fees can have a big impact on your investment over the long term.
• One-off fees. NZ Funds does not charge any establishment, contribution, termination, withdrawal or transfer fees. 

You can withdraw all or part of your investment in the Portfolio by completing an online withdrawal request. Your withdrawal will be processed at the end of a 7-day notice period.

Withdrawals are normally paid within four business days after the end of the notice period. If you experience financial hardship, or in other exceptional circumstances, we may waive the notice period.

You can also choose to make regular withdrawals of a set amount on a fortnightly, monthly or quarterly basis. You can set up regular withdrawals by completing a single withdrawal request; you do not need to complete a request for each withdrawal. NZ Funds does not charge a withdrawal fee.

An Income Generator application can be completed as a joint account.

To open an account, investors must be aged 16 or older, provided they able to meet all AML requirements.

Expected average annual returns are based on modelled returns only, which may not be an indicator of future returns.

You may lose some or all of your investment. No rate of return or repayment of your investment is guaranteed by NZ Funds, the supervisor, or any other person.

Income Generator comprises one fund so asset allocation changes are not applicable.

Income Generator is expected to make an average annual return of between 4 and 7%, after fees and before tax, on a suggested minimum investment term of 5 years. Unlike a term deposit, it has no lock-in and no termination fees.

Past performance is not an indication of future returns. Expected average annual returns are based on modelled returns only, which may not be an indicator of future returns. For more information on the calculation of expected average annual returns, see Other Material Information. 

Dividends can by re-invested or paid out to your nominated bank account.