Change in Valuation Method
On 8th August 2013, the method of rounding applied at the fourth decimal place of the daily unit price for each of the ASB KiwiSaver Scheme funds was changed. The method of rounding was changed from Swedish rounding, to rounding down. The change had no effect on the net asset value of each fund. The effect of the change on the value of members' accounts was between 0 and 0.01% depending on the fund.
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.business.govt.nz/disclose (search for ASB KiwiSaver Scheme).