Personal Managed Funds and Future Lifestyle Plan
If you are interested in the performance of the Funds go to Unit Prices:
The Trust Deeds for the relevant Funds allow the Manager and/or the Trustee to vary the current fees or impose fees from time to time.
| For more information on investing or your current investment in Personal Managed Funds (including any funds that have been closed or are being wound up), contact an AXA Customer Relationship Representative between 8.30am and 5.00pm on any business day by calling 0800 081 081. | ||
|---|---|---|
| Balanced Fund | Active Growth Fund | |
| Entry Fee | Nil | |
| Management Fee1 | 1.75 % p.a. + GST** | |
| Trustee Fee1 | 0.065 % p.a. of the Fund's average daily gross asset value + GST*** | |
| Switching Fee | A switching fee will only apply where the switch is into a Fund with a higher entry fee, in which case the fee will be the difference between the entry fees | |
| Early Withdrawal Fee | Under normal circumstances, 1% of the amount withdrawn or $200 (whichever is the lower) if you make a withdrawal within two years of commencing your investment. This fee does not apply to withdrawals by way of switches into another fund or funds in the Personal Managed Funds range. | |
| International Bond Trust | International Equity Trust | ||
|---|---|---|---|
| Entry Fee | 3.00% from the value of each contribution made | 5.00% from the value of each contribution made | |
| Management Fee1 | 1.25% p.a. + GST** | 1.50% p.a. + GST** | |
| Trustee Fee1 | 0.065 % p.a. of the Fund's average daily gross asset value + GST*** | ||
| Switching Fee | A switching fee will only apply where the switch is into a Fund with a higher entry fee, in which case the fee will be the difference between the entry fees | ||
Download the current Investment Statement for Personal Managed Funds PDF 456KB.
| FLP Conservative Growth Fund |
FLP Balanced Growth Fund |
FLP Dynamic Growth Fund |
|
|---|---|---|---|
| Entry Fee | Nil | ||
| Management Fee2 | 1.50 % p.a. | ||
| Early Withdrawal Fee | Under certain circumstances an early withdrawal fee of $200 will apply if you withdraw funds within one year of becoming a member of the Plan | ||
Please note: the Future Lifestyle Plan was closed to applications for new members from 1 January 2009.
Small print
- The Management Fee and Trustee Fee are calculated and deducted daily from the Funds' gross asset value.
- The Management Fee is calculated and deducted daily from the Fund's net asset value. This fee is discounted for investors with an investment of more than $100,000, and for those invested for more than 10 years. For full details on the Management Fee please see the Future Lifestyle Plan Investment Statement.
** In addition to the Management Fee, goods and services tax ("GST") is currently payable on 10% of the amount of the Management Fee.
*** In addition to the Trustee Fee, goods and services tax ("GST") is currently payable on 75% of the amount of the Trustee Fee.
The Funds are offered and managed by AXA Wealth Management Limited - a wholly owned subsidiary of AXA New Zealand Limited. The value of investments and the income from them may go down as well as up and is not guaranteed by any entity including AXA Wealth Management Limited and its associated companies or Bank of New Zealand (BNZ) or any of its related companies. Any investment in any of the Funds does not constitute a deposit with, or liability of, BNZ. Past performance is not necessarily a guide to future performance. You may not get back the full amount invested.
Before you make any decisions regarding saving or investment, it’s important to understand your current financial situation and determine your personal goals. We strongly recommend that you seek advice from your BNZ Investment Adviser.
BNZ Authorised Financial Advisers' disclosure statements are available on request and free of charge.
