EasyFunds

Designed for everyday investors, EasyFunds are simple to understand and monitor.

They use an index tracking, or passive, approach. This means each fund aims to achieve a return that matches the performance of the markets it invests in.

They have also been designed to be tax efficient for investors to handle. EasyFunds is a PIE investment, meaning any income earned in EasyFunds will be taxed at either 0%, 19.5% or 30%.

EasyFunds invest in:

• Diversified income assets - cash, New Zealand and world fixed interest products.
• Diversified growth assets - global property, Australasian and world shares.

There are five funds for you to choose from. Each has a different mix of asset types. This means we can help you choose the fund which suits your investment needs best.

EasyFund Defensive

Conservative capital growth over the short to medium term. 80% income assets, 20% growth.

Further information on this fund.

EasyFund Conservative

Conservative to moderate capital growth over the medium to long term. 70% income assets, 30% growth.

Further information on this fund.

EasyFund Moderate

Moderate capital growth over the medium to long term. 60% income assets, 40% growth.

Further information on this fund.

EasyFund Balanced

Long-term capital growth. 40% income assets, 60% growth.

Further information on this fund.

EasyFund Growth

Higher long-term capital growth. 20% income assets, 80% growth.

Further information on this fund.

Full descriptions are available in this EasyFunds brochure.

For more information on all funds, please contact one of our investment advisers. They'll listen carefully to understand your goals and offer advice to help you make the right decision.

As a valued customer, we don't believe we need to charge you a fee for advice, research or for the preparation of your investment plan. However, investments have joining fees, discounted brokerage and an ongoing annual fee.

There are no fees for switching between funds or for existing EasyFunds.

Management fee

This fee is paid as a percentage of the gross asset value of the fund. It's an annual management fee, which is paid to the manager for investment management and other functions of maintaining this fund. The management fee is set by the manager from time to time, but can be no greater than 3% annually (plus any GST) of the gross asset value of the fund, unless the establishment deed is first amended to allow a greater percentage.

Trustee fee

This fee is based on the aggregate gross asset value of the funds. It's an annual fee paid to the trustee for its trustee and custodial services. The trustee is also able to charge special fees to reflect additional services provided. The trustee fee is scaled based on the overall money held in EasyFunds. 0.06% is the maximum percentage charged.

Service fee

This fee is charged as a percentage of the moneys invested in the fund. The service fee is a one-off charge deducted from all moneys invested (including regular contributions), and is paid to the manager. The service fee is set from time to time by the manager and can be no greater than 3% annually of the application moneys received (plus any GST), unless the establishment deed is first amended to allow a greater percentage.