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AMP Capital Investment Funds Index Funds

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AMP Capital Investment Funds Index Funds AMP Capital Investment Funds Off Platform On Platform IndexAPIR Code FundsAMP1285AU AMP1285AU Minimum A$10,000 Check with your Investment provider or speak with your financial adviser Management 0.75% pa of the 0.60% pa of the Costs Fund’s net asset Fund’s net assets Product Disclosure Statement 5 May 2021Risk Level Low to Medium Distribution Monthly Frequency Suggested Minimum 3 years Investment Timeframe This document replaces the Product Disclosure Statement dated 22 July 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 with other investors’ money and You may at any time request the redemption of some invested in various investments. AMP Investment or all of your investment. For each fund, payment Management (N.Z.) Limited will invest your money will normally be made within 10 business days of the and charge you a fee for its services. The returns you Manager receiving a redemption request from you. receive are dependent on the investment decisions We have the ability, in certain circumstances, to of AMP Investment Management (N.Z.) Limited, and suspend redemptions (for instance, where we of its investment managers and the performance of believe, in good faith, that it is not practicable or the investments. The value of those investments would be prejudicial to investors’ interests for the may go up or down. The types of investments Supervisor to realise assets or borrow to permit and the fees you will be charged are described in redemptions - this could be because of market or this document. asset conditions or other circumstances). What will your money be invested in? See section 2 of the PDS “How does this investment work?” on page 4 for more information. There are four investment options offered under this Product Disclosure Statement (PDS). Your investment in the AMP Capital Index Funds can be sold but there is no established market for trading These investment options are summarised below. these financial products. This means that you may More information about the investment target and not be able to find a buyer for your investment. strategy for each investment option is provided in section 3 of the PDS, “Description of your investment How will your investment be taxed? options” on page 6. All of the funds offered under this PDS are Portfolio Who manages the AMP Capital Index Funds? Investment Entities (PIEs). The manager of the funds is AMP Investment The amount of tax you pay in respect of a PIE is Management (N.Z.) Limited (Manager). based on your Prescribed Investor Rate (PIR). To determine your PIR go to www.ird.govt.nz/toii/pir. See section 7 of the PDS, “Who is involved?” on page 10 for more information about us. See section 6 of the PDS “What taxes will you pay?” on page 9 for more information. What are the returns? Where can you find more key information? The return on your investment comes from: AMP Investment Management (N.Z.) Limited is – any increase or decrease in the unit price, and required to publish quarterly updates for each fund. – any income distributions made from the fund. The updates show the returns, and the total fees The Funds distribute income half yearly. The actually charged to investors, during the previous Manager’s policy is to distribute 72% of the income year. The latest fund updates are available at www. of each fund (adjusted for any imputation credits ampcapital.com. The Manager will also give you that may be available). copies of those documents on request. See section 2 of the PDS, “How does this investment work?” on page 4 for more information. Fund charges Indicative Buy (estimated) (of / sell spread* the value of the (of each fund’s assets investment/ Fund name Description Risk indicator each year) redemption) Potentially lower Potentially NZ Shares The fund is a passively managed returns higher returns 0.33% 0.44% / 0.44% Index Fund New Zealand shares portfolio that is designed to track the return of 1 2 3 4 5 6 7 the S&P/NZX 50 Index. Lower risk Higher risk See note 1 below Potentially lower Potentially Hedged The fund is a passively managed returns higher returns 0.40% 0.17% / 0.06% Global Fixed international fixed interest Interest Index portfolio that is designed to track 1 2 3 4 5 6 7 Fund the return of the Bloomberg Barclays Global Aggregate Index. Lower risk Higher risk The fund is fully hedged to New See notes 1 & 2 below Zealand dollars. AMP Capital Investment Funds Index Funds Product Disclosure Statement 2 Fund charges Indicative Buy (estimated) (of / sell spread* the value of the (of each fund’s assets investment/ Fund name Description Risk indicator each year) redemption) Potentially lower Potentially All Country The fund is a passively managed returns higher returns 0.40% 0.07% / 0.07% Global Shares international shares portfolio that Index Fund is designed to track the return of 1 2 3 4 5 6 7 the MSCI All Country World ex Tobacco Index. The fund targets Lower risk Higher risk a position of being 69% gross hedged to the New Zealand See notes 3 & 4 below dollar. The hedges are based on the currency components of the underlying index. Potentially lower Potentially Australasian The fund is a passively managed returns higher returns 0.44% 0.47% / 0.47% Property portfolio that provides access Index Fund to Australasian listed property 1 2 3 4 5 6 7 investments through a single fund. It aims to generate medium to Lower risk Higher risk high returns over the long term See note 5 & 6 below by investing in listed property securities in New Zealand and Australia. Notes: 1 A combination of actual fund returns and market index returns were used to determine the risk indicator for the NZ Shares Index Fund and the Hedged Global Fixed Interest Index Fund as these funds commenced operation on 1 December 2017. The risk indicator may therefore provide a less reliable indicator of potential future volatility of these funds. For the five year period ending 31 March 2021, market index returns have been used up to 1 December 2017 with actual fund returns used for the balance of the period to 31 March 2021. 2 From 21 June 2021 the Hedged Global Fixed Interest Index Fund will be governed by the Ethical Leaders Charter and will be managed to specific ‘responsible investment’ criteria which prohibits investments in certain companies or activities, and encourages investment in companies with strong environmental, social and governance characteristics. Also on 21 June 2021, the fund will change its name to the Ethical Leaders Hedged Global Fixed Interest Index Fund and the benchmark will change from the Bloomberg Barclays Global Aggregate Index to the Bloomberg Barclays MSCI Global Aggregate SRI Select ex Fossil Fuels Index. The Manager will also seek certification by the Responsible Investment Association of Australasia (RIAA**). 3. A combination of actual fund returns and market index returns were used to determine the risk indicator for the All Country Global Shares Index Fund as this fund commenced operation on 14 December 2017. The risk indicator may therefore provide a less reliable indicator of potential future volatility of this fund. For the five year period ending 31 March 2021, market index returns have been used up to 14 December 2017 with actual fund returns used for the balance of the period to 31 March 2021. 4. For the All Country Global Shares Index Fund, the MSCI All Country World Index was used as a proxy for the MSCI All Country World ex Tobacco Index as the MSCI All Country World ex Tobacco Index was not being calculated for that period and the differences between these two indices are not material. 5. Prior to 1 April 2018, the Australasian Property Index Fund was called the AMP Capital NZ Property Fund. 6. A combination of actual fund returns and market index returns were used to determine the risk indicator for the Australasian Property Index Fund. This is due to changes in this fund’s investment policy taking effect from 1 April 2015. The risk indicator may therefore provide a less reliable indicator of potential future volatility of this fund. For the five year period ending 31 March 2021, market index returns have been used up to 1 April 2015 with actual fund returns used for the balance of the period to 31 March 2021. * 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. ** RIAA is the industry body representing responsible and ethical investors across Australia and New Zealand. For more information on RIAA and what certification means, please see the offer register at www.companiesoffice.govt.nz/disclose in the document titled ‘Other material information’, located under the ‘Documents’ tab on the managed fund offer register for the AMP Capital Investment Funds.
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