Term Advantage Fund
Fund overview
The Term Advantage Fund is a passively managed fund, with all investments held in a New Zealand dollar denominated bank deposit with a New Zealand registered bank with a minimum Standard and Poor’s credit rating of AA. Currently, that bank is Rabobank.
Key features
- Aims to provide investors with pre-tax returns similar to a bank deposit, but generally with a maximum final tax rate of 28%.
Please note a memorandum of amendments to the Term Advantage Fund prospectus was registered on 9 January 2012, a copy of which can be found under the Manager’s name on the Companies Office website.
Fund facts as at 30 September 2011
| Code | TAF D |
| Type of fund | Unit Trust. This fund is a Portfolio Investment Entity (PIE). |
| Performance objective | Aims to provide investors with pre-tax returns similar to a bank term deposit. |
| Investment approach | Passively managed fund, with all investments held in a New Zealand denominated bank deposit with a New Zealand registered bank. |
| FUM | $69.8 million |
| Inception date | 13 December 2010 |
| Minimum suggested timeframe | Determined by term selected by investor |
| Risk profile | Low |
| Access | AMP WealthView, FNZ |
Rates as at 18 May 2012
Investors should consider the Term Advantage Fund Investment Statement before making any decision regarding the product.
| Term* | Rate |
|---|---|
| Three months | 3.50% |
| Six months | 4.30% |
| One year | 4.60% |
- Minimum deposit is New Zealand $5,000 or as otherwise authorised by AMP Capital Investors if accessed through an administration and custodial service.
- All returns are paid at maturity and/or, if the term crosses over 31 March, at year end for Portfolio Investment entities (31 March).
- Returns are not compounded.
- Rates of return are before tax.
- Rates are not available to financial institutions.
- Rates are subject to change.
- For more information about this fund see the Term Advantage Fund Investment Statement.