AMP CAPITAL INVESTMENT FUNDS GOALS BASED FUNDS
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AMP CAPITAL INVESTMENT FUNDS GOALS BASED FUNDS Product Disclosure Statement Dated 9 April 2020 This document replaces the Product Disclosure Statement dated 28 February 2020. Issued by AMP Investment Management (N.Z.) Limited This document gives you important information about this investment to help you decide whether you want to invest. There is other useful information about this offer on www.companiesoffice.govt.nz/disclose. AMP Investment Management (N.Z.) Limited has prepared this document in accordance with the Financial Markets Conduct Act 2013 (FMC Act). You can also seek advice from a financial adviser to help you to make an investment decision.
1. Key information summary
What is this? How can you get your money out?
This is a managed investment scheme. Your money will be pooled You may at any time request the redemption of some or all of your
with other investors’ money and invested in various investments. investment. For each fund, payment will normally be made within 10
AMP Investment Management (N.Z.) Limited will invest your business days of the Manager receiving a redemption request from
money and charge you a fee for its services. The returns you receive you.
are dependent on the investment decisions of AMP Investment We have the ability, in certain circumstances, to suspend redemptions
Management (N.Z.) Limited, and of its investment managers (for instance, where we believe, in good faith, that it is not practicable
and the performance of the investments. The value of those or would be prejudicial to investors’ interests for the Supervisor
investments may go up or down. The types of investments and the to realise assets or borrow to permit redemptions - this could be
fees you will be charged are described in this document. because of market or asset conditions or other circumstances).
What will your money be invested in? See section 2 of the PDS, “How does this investment work?” on
There are two investment options offered under this Product page 5 for more information.
Disclosure Statement (PDS). Your investment in the AMP Capital Goals Based Funds can be
These investment options are summarised below. More sold but there is no established market for trading these financial
information about the investment target and strategy for each products. This means that you may not be able to find a buyer for
investment option is provided in section 3 of the PDS, “Description your investment.
of your investment options” on page 6.
How will your investment be taxed?
Who manages the AMP Capital Goals Based Funds? All of the funds offered under this PDS are Portfolio Investment
The manager of the funds is AMP Investment Management (N.Z.) Entities (PIEs).
Limited (Manager). The amount of tax you pay in respect of a PIE is based on your
See section 7 of the PDS, “Who is involved?” on page 8 for more Prescribed Investor Rate (PIR). To determine your PIR go to www.ird.
information about us. govt.nz/toii/pir/.
See section 6 of the PDS “What taxes will you pay?” on page 8 for
What are the returns? more information.
The return on your investment comes from:
• any increase or decrease in the unit price, and Where can you find more key information?
AMP Investment Management (N.Z.) Limited is required to publish
• any income distributions made from the fund.
quarterly updates for each fund. The updates show the returns, and
The Income Generator Fund pays a fixed monthly distribution the total fees actually charged to investors, during the previous year.
amount to investors. The latest fund updates are available at www.ampcapital.com. The
The Global Multi-Asset Fund does not distribute income. Manager will also give you copies of those documents on request.
See section 2 of the PDS, “How does this investment work?” on
page 5 for more information.
2 | AMP Capital Goals Based Funds Product Disclosure StatementFUND CHARGES INDICATIVE
(ESTIMATED) BUY / SELL
(of the value of the SPREAD*
fund’s assets each (of each investment/
FUND NAME DESCRIPTION RISK INDICATOR year) redemption)
GLOBAL The fund is a diversified fund that Potentially Potentially 1.27% 0.15% / 0.28%
lower returns higher returns
MULTI-ASSET aims to generate a positive return
FUND above inflation and to actively 1 2 3 4 5 6 7
respond to changing market
conditions with a flexible approach Lower risk Higher risk
to investing.
See note 1 below.
INCOME The fund aims to provide a gross Potentially Potentially 0.87% 0.65% / 0.68%
lower returns higher returns
GENERATOR fixed monthly income in excess
FUND of bank deposit rates, along with 1 2 3 4 5 6 7
a positive return on capital over
the long term. To achieve this, the Lower risk Higher risk
fund invests in a diversified mix
of growth and defensive assets,
with a focus on reliable income
generation. Environmental, Social
and Governance characteristics
are integrated into the underlying
investment managers’ investment
processes.
See section 4 of the PDS, “What are the risks of investing?” on page 7 for an explanation of the risk indicator and for information about other risks
that are not included in the risk indicator. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at
www.sorted.org.nz.
* These buy/sell spreads are stated as at the date of the PDS and are indicative only. They may change at any time without notice to investors. For
more information about buy/sell spreads and how they are calculated see section 5 of the PDS “What are the fees” on page 8.
Note 1: Due to the absolute return nature of the Global Multi-Asset Fund, the risk indicator is based on the expected volatility of the fund. This
has been calculated by reference to the expected volatility of the underlying funds into which it invests.
See page 7 for an explanation of the risk indicator and for information about other risks that are not included in the risk indicator.
To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at www.sorted.org.nz.
AMP Capital Goals Based Funds Product Disclosure Statement | 3CONTENTS 1. Key information summary 2 2. How does this investment work? 5 3. Description of your investment options 6 4. What are the risks of investing? 7 5. What are the fees? 8 6. What taxes will you pay? 8 7. Who is involved? 8 8. How to complain 9 9. Where you can find more information 9 10. How to apply 9
2. How does this investment work?
This PDS is an offer to purchase units in the AMP Capital Goals Based On or around 1 April each year, we will provide you with an indication
Funds. Each of the funds offered under this PDS is constituted within of the distribution rate for the coming year ahead. An interim
a managed investment scheme that is governed by a trust deed confirmation of, or adjustment to, the distribution rate will be
dated 24 November 2015 (the AMP Capital Investment Retail Funds provided on or around 1 October of the same year. While the initial
Trust Deed). indicative rate set on 1 April will normally be valid for the subsequent
monthly distributions through until the succeeding re-set date, it
The money you invest buys units in the fund or funds you choose.
is possible that changing market conditions will require a mid-year
Each fund invests in assets, such as other funds. The units do not give
rate re-set. This adjustment may be either an increase or a decrease
you legal ownership of the fund’s assets but they do give you rights to
in the distribution rate for the remainder of that calendar year. If the
the returns from the assets.
income received by the Fund has differed materially from the level
The price of each unit depends on the value of the fund at the time expected and indicated in the 1 April indicative communication, the
you invest and any buy spread that applies to that fund. We calculate distribution amount may be adjusted to ensure the sustainability of
the unit price for a fund by dividing the Current Value of the fund by the fund’s pay-out ratio or to build reserves in the fund against future
the number of units the fund has issued. The unit price is calculated volatility or shortfalls in income.
daily.
You may elect to have all (but not part) of your distribution of income
A change in the value of the fund’s assets affects the value of your reinvested in further units (Reinvestment Option) and you can
units. The unit price for a fund will change as the market value of that cancel, at any time, your election to reinvest in further units. A buy
fund’s assets changes. spread will not be charged on your reinvestment. Two weeks’ notice
The number of units you have, when multiplied by the unit price, is required of any changes to your election for those changes to be
gives you the total value of your investment in any one fund effective for a given distribution.
(although the impact of tax can result in a change in the number of The Reinvestment Option may be varied, withdrawn or cancelled by
units you hold, up or down). us at any time, by giving not less than three months’ notice to you.
The assets of a fund are not available to meet the liabilities of any The Global Multi-Asset Fund does not distribute income.
other fund in the scheme. Accordingly, any income of this fund is reflected in its unit price.
Investing in managed funds can help you achieve your savings goals
and create greater wealth for the future by offering you:
Making investments
You will invest in the Funds through an administration and custodial
• Diversification. Pooling together large amounts of money enables service we deal with. In this case you will not be a direct investor in
fund managers to invest in a spread of assets which allows a Fund and will not have a direct relationship with the Supervisor
diversification and aims to reduce the risk of your investment or ourselves. Instead, the Supervisor and the Manager have a direct
portfolio. It also provides access to markets and securities that relationship with the administration and custodial service, and they
might otherwise be out of reach. will be able to exercise any rights attached to units held. We will
• Professional management. Employing the expertise and resources send all reports, distribution notifications, and documentation to the
of a professional manager is particularly beneficial if you do not administration and custodial service, not directly to you.
have the time or the skill to manage your own investments.
We have entered into arrangements with select administration
• Simplified investing. Fund managers take care of the paperwork and custodial services in relation to investing in the Funds. As such,
involved in buying, selling, reporting and record keeping. you should contact your financial adviser or administration and
The return on your investment comes from: custodial service for more information on minimum investment or
withdrawal levels and cut off times for application. You should refer
• any increase or decrease in the unit price, and
to the administration and custodial service terms and the relevant
• any income distributions made from the fund. marketing information about investing in the funds through that
The Income Generator Fund pays a fixed monthly distribution service.
amount to unit holders. For the current monthly distribution amount
If you wish to invest in the Funds and you do not have a financial
either refer to the fund details for the Income Generator Fund on the
advisor or administration and custodial service then please contact us
register entry for the AMP Capital Investment Funds at
using the contact details in section 7 of this PDS, “Who is involved?”
www.companiesoffice.govt.nz/disclose or the fund’s latest Fact Sheet
on page 8.
on our website: www.ampcapital.com.
The monthly distributions will be based on our estimate of the Withdrawing your investments
fund’s annual income in the current financial year, apportioned on a You may request a redemption of some or all of your investment
monthly basis. The fund aims to pay a stream of identical monthly at any time. For each fund, payment will normally be made within
distributions. However, if circumstances require, the amount of 10 business days of our receiving a redemption request from you.
each distribution may be varied within a twelve-month distribution However, we have the ability, in certain circumstances, to suspend
period. The capability to vary the distribution amount may be used to redemptions (for instance, where we believe, in good faith, that it
provision or build a reserve within the Fund, or to release previously is not practicable or would be prejudicial to investors’ interests for
reserved income and/or capital of the Fund and thus can lead to the Supervisor to realise assets or borrow to permit redemptions
either an upward or downward adjustment in the distribution – this could be because of market or asset conditions or other
amount. The regular practice will be a monthly distribution reflecting circumstances).
the apportionment of the fund’s income stream. When you redeem all or part of your investment from a fund, we will
redeem your investment at the unit price for that fund adjusted for
the applicable sell spread for that fund.
AMP Capital Goals Based Funds Product Disclosure Statement | 5How to switch between funds This PDS provides information on the AMP Capital Goals Based Funds.
You may at any time request to switch your investment between the Information on other AMP Capital Investment Funds not offered
funds offered under this PDS or to any other AMP Capital Investment under this PDS is provided in the following PDS documents:
Fund offered by us. A switch will be treated as a redemption from one • AMP Capital Cash and Fixed Interest Funds PDS
fund or funds and an application into the other fund or funds. • AMP Capital Global Shares Funds PDS
You will not be charged a switch fee but the buy and sell spreads will • AMP Capital New Zealand and Australian Shares Funds PDS
apply on each redemption and application under the switch. More • AMP Capital Property, Infrastructure and Commodities Funds PDS
information about the buy and sell spreads can be found in section 5 • AMP Capital Ethical Leaders Diversified Funds PDS
of the PDS, “What are the fees?” on page 8. • AMP Capital Index Funds PDS.
3. Description of your investment options
MINIMUM
SUGGESTED
SUMMARY OF INVESTMENT OBJECTIVES AND RISK INVESTMENT
FUND STRATEGY TARGET ASSET MIX CATEGORY TIMEFRAME
GLOBAL Objective: To provide a Real Return of greater than 5% per annum Cash and cash equivalents 3 4 years
MULTI-ASSET over a rolling five year period. 0 - 100%
FUND Strategy: Assets are managed using an approach with multiple International fixed interest
managers. The underlying funds provide diversity across asset 0 - 100%
classes, sectors, geographies and investment managers, and have Australasian equities
the ability to change the investment allocations in order to navigate 0 - 75%
the ups and downs of the investment cycle. Risk mitigation
International equities
strategies within the underlying funds are designed to lower
0 - 75%
expected volatility in returns and reduce the impact of market
related events. Listed property
0 - 75%
The underlying funds do not have a target asset allocation, rather
the funds operate within broad ranges. Unlisted property
0 - 30%
Active currency hedging back to Australian dollars is undertaken
within the underlying funds. The Australian dollar exposure of the Other
fund (the combined market value 0 - 75%
of the underlying funds) will be hedged back to
New Zealand dollars.
INCOME Objective: To maximise the amount of the monthly distribution Cash and cash equivalents 4 3 years
GENERATOR payments by outperforming, over the medium term, the weighted 10%
average return of the market indices used to measure performance
FUND New Zealand fixed interest
of the underlying funds/assets in which the fund invests.
25%
Strategy: Investment in a diversified mix of growth
International fixed interest
and defensive assets aims to provide regular income along with a
positive return on capital over the long term. Payment of a fixed 25%
monthly distribution is delivered by actively managing a diversified Australasian equities
range of income-producing assets such as fixed interest securities, 30%
corporate bonds, equities and infrastructure. Environmental, Social International equities
and Governance characteristics are integrated into the underlying 5%
investment managers’ investment process.
Listed property
The fund’s foreign currency exposure (excluding Australian dollar 5%
exposure) is fully hedged back to New Zealand dollars. Australian
dollar exposure is not currently hedged.
The Manager can make changes to the Statement of Investment The Manager’s use of the various market indices referred to here
Policy and Objectives (SIPO) of any fund in accordance with the is subject to certain terms, conditions and disclaimers as described in
Trust Deed and the FMC Act. Before making changes to the SIPO, the the offer register at www.companiesoffice.govt.nz/disclose in
Manager will consider if the changes are in your best interests and the document titled ‘Other material information’, located under
consult with the Supervisor. We will give notice of changes to unit the ‘Documents’ tab on the managed fund offer register for the
holders of the relevant fund prior to effecting any material changes. AMP Capital Investment Funds.
The most current SIPO for the funds can be found on the scheme Further information about the assets in each fund can be found in
register at www.companiesoffice.govt.nz/disclose. the fund updates at www.ampcapital.com.
6 | AMP Capital Goals Based Funds Product Disclosure Statement4. What are the risks of investing? We manage currency risk for each of the funds which have exposure
to overseas assets by a currency management policy, where some or
Understanding the risk indicator all of the currency exposure is hedged back to New Zealand dollars.
Managed funds in New Zealand must have a standard risk indicator. The currency management policy for each fund is detailed in the
The risk indicator is designed to help investors understand the AMP Capital Investment Funds SIPO.
uncertainties both for loss and growth that may affect their
Liquidity risk
investment. You can compare funds using the risk indicator.
In volatile market conditions, a fund’s assets may not necessarily
be as easily realisable as they may have been at a previous point in
time, or may only be able to be realised at a lower value than might
Potentially lower returns Potentially higher returns be expected in normal market conditions. This could have a negative
effect on the value of a fund’s assets and its performance, and in turn
may affect the value of your investment, the returns you receive from
1 2 3 4 5 6 7 the fund and the applicable buy/sell spreads.
Global Multi-Asset Fund - Asset allocation and concentration risk
Lower risk Higher risk The Global Multi-Asset Fund invests in the Australian AMP Capital
Multi-Asset Fund and the Schroder Real Return Fund. The investment
managers of the Australian AMP Capital Multi-Asset Fund and the
See section 1 of the PDS, “Key information summary” on page 3 for Schroder Real Return Fund each have the flexibility to significantly
the risk indicators for the funds offered under this this PDS. change the asset class mix at any time and within broad ranges.
The risk indicator is rated from 1 (low) to 7 (high). The rating Therefore, the Global Multi-Asset Fund may be concentrated in a
reflects how much the value of the fund’s assets goes up and down particular asset class or type of investment vehicle, geographical
(volatility). A higher risk generally means higher potential returns over area or industry at any point in time, which may subject the Global
time, but more ups and downs along the way. Multi-Asset Fund to significant performance volatility relative to its
objective. If this volatility occurs, the Global Multi-Asset Fund may fail
To help you clarify your own attitude to risk, you can seek financial to meet its stated performance objective.
advice or work out your risk profile at www.sorted.org.nz.
Note that even the lowest category does not mean a risk-free Other specific risks
investment, and there are other risks (described under the heading Income Generator Fund – Capital and Distribution Risk
‘Other specific risks’) that are not captured by this rating. In the event of adverse market conditions, the income generated
by the fund may become insufficient to meet the monthly fixed
This risk indicator is not a guarantee of a fund’s future performance.
distributions. If this occurs, it will be necessary for either the
The risk indicator is based on the returns data for the five years
distributions to be made by selling some of the fund’s assets, or the
to 31 March 2020 (see page 3 for more detail on how these were
Manager may elect to temporarily suspend distributions. In the
calculated). While risk indicators are usually relatively stable, they do
event of distributions being made from the sale of assets, there will
shift from time to time. You can see the most recent risk indicator in
be a commensurate reduction in the assets available to be invested
the latest fund updates for these funds.
by the fund. Where the Manager forms the view that it is in the best
interests of investors to suspend distributions, then it may do so by
General investment risks
providing written notice to investors and the Supervisor. During the
Some of the things that may cause the funds’ value to move up and
period for which any such suspension is in effect, any income that
down, which affect the risk indicator, are:
would otherwise have been paid as distributions will be retained
Market risk within the fund and, as such, will be reflected as an increase in the
Market risk is the risk of losses in a fund’s investments arising due to price of the fund’s units.
the market prices of those investments changing.
PIE tax will be calculated on your share of allocated taxable income of
This is of significance to the AMP Capital Goals Based Funds as the fund. This PIE tax will be deducted and paid for those investor’s
the assets of those funds are market linked, and are therefore with a PIR greater than 0%. PIE tax on allocated taxable income is
susceptible to general market fluctuations and individual security deducted on the redemption of units and at PIE year end, generally
price fluctuations. on 31 March each year. There could be a reduction in the value of
Currency risk your investment in the fund due to satisfying PIE tax liability, as
Currency risk is the risk of exchange rate fluctuations between the appropriate and the monthly distributions paid to you.
New Zealand dollar (the currency in which the funds are valued) and No PIE tax will be deducted from your income distribution or retained
foreign currencies. in the Fund for the payment of PIE tax.
Currency risk will affect funds that invest in offshore assets that are
not fully hedged back to New Zealand dollars. The AMP Capital Goals
Based Funds all have assets invested offshore and therefore
the returns of these funds can be affected by movements between
the New Zealand dollar and other currencies if they are not
adequately hedged.
AMP Capital Goals Based Funds Product Disclosure Statement | 75. What are the fees? There are no other one-off fees currently being charged to any of the
funds offered under this PDS.
You will be charged fees for investing in the AMP Capital Goals Based
Funds. Fees are deducted from your investment and will reduce your
Alistair invests $10,000 in the Global Multi-Asset Fund. A buy
returns. If any of the funds invest in other funds, those other funds
spread of 0.15% is incorporated in the unit price that he pays for his
may also charge fees. The fees you pay will be charged in two ways:
investment. This equates to $15.
Regular charges - for example annual fund charges. Small differences
This brings the starting value of his investment to $9,985.
in these fees can have a big impact on your investment over the
long term. He is also charged management and administration fees, which work
out to about $127 (1.27 % of $9,985). These fees might be more or less
One-off fees - for example the initial buy spread.
if the value of his investment has increased or decreased over the year.
Annual Fund Charges
Estimated total fees for the first year
ESTIMATED TOTAL Individual action fees: $15
MANAGEMENT ADMINISTRATION ANNUAL Fund charges: $127
FEES CHARGES FUND
(excluding GST) (including GST) CHARGES
Example of how fees apply to an investor
See the latest fund update for an example of the actual returns and
Global Multi- 1.15% 0.12% 1.27% fees investors were charged over the past year.
Asset Fund This example applies only to the Global Multi-Asset Fund. If you are
Income 0.80% 0.07% 0.87% considering investing in other funds in the scheme, this example may
Generator not be representative of the actual fees you may be charged.
Fund
The fees can be changed
We can change fees from time to time. We can also add new fees. The
Management fees - We charge an annual management fee to each
rules about fee changes are in the Trust Deed which can be found on
fund as set out above. GST is currently charged at 15% on 10% of the
the scheme register at www.companiesoffice.govt.nz/disclose.
management fee in accordance with the non-binding IRD agreement
with the Financial Services Council of New Zealand Incorporated on AMP Investment Management (N.Z.) Limited must publish a fund
behalf of the funds management industry. GST on management fees update for each fund showing the fees actually charged during the
is currently under review and therefore this percentage may change most recent year. Fund updates, including past updates are available
in the future. on the offer register at www.companiesoffice.govt.nz/disclose.
Administration charges - These charges cover the general
management of the fund eg supervisor, legal, custodian and audit 6. What taxes will you pay?
fees. Subject to the exception noted below, they also cover charges
Each fund is a Portfolio Investment Entity. The amount of tax you
payable in respect of the underlying funds that the above funds
pay is based on your PIR. To determine your PIR, go to www.ird.govt.
invest in. These charges are an estimate. Actual charges over the
nz/toii/pir/. If you are unsure of your PIR, we recommend you seek
previous 12 months are available in the latest fund update.
professional advice or contact the Inland Revenue Department. It is
Individual Action Fees your responsibility to tell the Manager (or, if you invest through an
administration and/or custodial service, the provider of that service)
Buy/Sell spreads
your PIR when you invest or if your PIR changes. If you do not tell the
Indicative buy and sell spreads as at the date of this PDS are set out in
Manager (or the provider of the administration and/or custodial service
the table below:
you invest through, if applicable), a default rate may be applied. If the
BUY SPREAD SELL SPREAD advised PIR is lower than the correct PIR, you will need to complete a
personal tax return and pay any tax shortfall, interest, and penalties. If
Global Multi-Asset Fund 0.15% 0.28% the default rate or the advised PIR is higher than the correct PIR, you will
not get a refund of any overpaid tax.
Income Generator Fund 0.65% 0.68%
These spreads may change at any time and without notice to
investors. 7. Who is involved?
Explanation About AMP Investment Management (N.Z.) Limited
Buy/Sell spreads - When you enter or leave a fund, any buy or sell AMP Investment Management (N.Z.) Limited is the manager of
spreads applicable at that time will be a cost to you. The buy spread the funds.
is added to the unit price on entry to the fund, and the sell spread is You can contact us by:
deducted from the unit price on exit from the fund. The
buy/sell spreads belong to the fund and are not fees paid to us or any Telephone: 0800 400 499
investment manager. The purpose of buy/sell spreads is to make sure Overseas: +64 (4) 494 2157
that any transaction costs incurred as a result of an investor entering Email: ampcapitalnz@ampcapital.com
or leaving the fund are borne by that investor, and not other investors In writing:
in the fund. There is no GST charged on buy/sell spreads. AMP Investment Management (N.Z.) Limited
We determine the buy/sell spreads based on what we consider to be PO Box 3764
a fair amount payable having regard to expected transaction costs. Wellington 6140
We may change the buy/sell spreads from time to time and without
notice to investors.
8 | AMP Capital Goals Based Funds Product Disclosure StatementIn person: Manager Corporate Trusts
Level 1, Meridian Building, The New Zealand Guardian Trust Company Limited
55 Lady Elizabeth Lane Level 2, Perpetual Guardian House
Queens Wharf 99 Customhouse Quay
Wellington 6011 PO Box 3845, Wellington 6140
Telephone: (04) 901 5406
Who else is involved?
TITLE NAME ROLE
9. Where you can find more information
Supervisor The New Zealand Supervisor of the funds under Further information relating to the AMP Capital Goals Based Funds
Guardian Trust the FMC Act, responsible for is available on the offer register and the scheme register at www.
Company Limited supervising AMP Investment companiesoffice.govt.nz/disclose and a copy of information on
Management (N.Z) Limited as the offer register or scheme register is available on request to the
manager of the funds. Registrar of Financial Service Providers.
Custodian BNP Paribas Appointed by the Supervisor to
Fund Services hold the assets of the funds on Other information we will provide
Australasia Pty Ltd behalf of investors. You can also obtain the following information, free of charge:
Investment AMP Capital Makes decisions about what the INFORMATION HOW TO OBTAIN
Manager Investors (New funds invest in. The investment
Zealand) Limited manager may also appoint Latest unit price The latest unit price is available on our website
sub-investment managers to www.ampcapital.com.
manage fund assets.
Fund information You can inspect documents we hold that are
Administration AMP Capital Appointed by the Manager. relevant to you relevant to you, and other documents that are
Manager Investors (New Provides administration legally required to be provided to you, at our
Zealand) Limited functions for the funds. offices during normal business hours, or request
an extract of those documents, by written
More information, including the Trust Deed, is available on the request to us.
scheme register at www.companiesoffice.govt.nz/disclose.
Fund updates The fund updates for the funds will be publicly
You will invest in the Funds through an administration and custodial available from our website and can be requested
service we deal with. In this case, the administration and custodial from us.
service will hold the units in the Funds on your behalf. You should
refer to the administration and custodial service terms and the
You will also be sent an annual tax statement which will include the
relevant marketing information about investing in the funds through
amount of PIE income allocated to you and the amount of tax paid at
that service for more information.
your chosen PIR. You will also be asked to confirm your IRD number
and PIR.
8. How to complain You can find general information about us, the funds, and our
Any complaints or problems with the investment should be directed management team on our website www.ampcapital.com.
to the Manager using the contact details in section 7 of the PDS,
“Who is involved?” on page 8.
10. How to apply
In addition, the Manager is a member of Financial Services
You will invest in the Funds through an administration and custodial
Complaints Limited, a dispute resolution scheme approved under the
service we deal with. In this case you will not be a direct investor in
Financial Service Providers (Registration and Dispute Resolution) Act
a Fund and will not have a direct relationship with the Supervisor
2008. Under that scheme, if you have any complaints or problems
or ourselves. Instead, the Supervisor and the Manager have a direct
with your investment, you should first try to resolve these with the
relationship with the administration and custodial service, and they
Manager.
will be able to exercise any rights attached to units held. We will
If your complaint cannot be resolved with the Manager, you may send all reports, distribution notifications, and documentation to the
direct your complaint to: administration and custodial service, not directly to you.
Financial Services Complaints Limited We have entered into arrangements with select administration
4th Floor, 101 Lambton Quay and custodial services in relation to investing in the Funds. As such,
PO Box 5967, Wellington you should contact your financial adviser or administration and
Telephone: 0800 347 25 custodial service for more information on minimum investment or
Overseas: +64 (4) 472 3725 withdrawal levels and cut off times for application. You should refer
Fax: +64 (4) 472 3728 to the administration and custodial service terms and the relevant
marketing information about investing in the funds through that
The scheme will not charge a fee to any complainant to investigate or
service.
resolve a complaint.
If you wish to invest in the Funds and you do not have a financial
If you are not satisfied with the outcome of your complaint you can
advisor or administration and custodial service then please contact us
contact the Supervisor:
using the contact details in section 7 of this PDS, “Who is involved?”
on page 8.
AMP Capital Goals Based Funds Product Disclosure Statement | 9Glossary “Australian AMP Capital Multi-Asset Fund” means AMP Capital Multi- Asset Fund a fund managed by AMP Capital Investors Limited, a company incorporated in Australia. “Current Value” means the value of the assets of the fund less the value of the liabilities of the fund as defined in more detail in the Trust Deed. “FMC Act” means the Financial Markets Conduct Act 2013. “Global Multi-Asset Fund” means AMP Capital Global Multi-Asset Fund. “Gross Return” means the return before the deduction of tax, expenses and fees and assumes all income is reinvested. “Manager” means AMP Investment Management (N.Z.) Limited. “Real Return” means Gross Return adjusted for trimmed mean inflation. “Income Generator Fund” means AMP Capital Income Generator Fund. “Trust Deed” means the AMP Capital Investment Retail Funds Trust Deed dated 24 November 2015 (as amended and consolidated from time to time). Words or phrases not defined in this Glossary have the same meaning as in the Trust Deed. 10 | AMP Capital Goals Based Funds Product Disclosure Statement
Contact details Wellington office Level 1, Meridian Building 55 Lady Elizabeth Lane Queens Wharf Wellington 6011 PO Box 3764 Wellington 6140 Auckland office Level 16, PwC Tower 188 Quay Street Auckland 1010 PO Box 5346, Wellesley Street, Auckland 1141 Telephone 0800 400 499 Overseas: +64 (4) 494 2157 8.30am - 5.00pm New Zealand time, Monday to Friday E: ampcapitalnz@ampcapital.com W: ampcapital.com
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