ONEANSWER SINGLE-ASSET-CLASS FUNDS · can choose the OneAnswer Single-Asset-Class Funds or any other third-party funds. You can find helpful resources online Our website has valuable

ONEANSWER

GUIDE AND PRODUCT DISCLOSURE STATEMENT

3 NOVEMBER 2016

ISSUER AND MANAGER:

ANZ NEW ZEALAND

INVESTMENTS LIMITED

ONEANSWER SINGLE-ASSET-CLASS FUNDS

AN INDIVIDUAL APPROACH TO INVESTING

Getting started 2–Guide

Why invest in the funds? 3–Guide

Case study – a tailored approach, with the benefit of advice 6–Guide

A snapshot of the funds 7–Guide

Our funds and external fund managers 9–Guide

WHAT’S IN THIS PACK?

Key information summary 3–PDS

How does this investment work? 10–PDS

Description of your investment options 12–PDS

What are the risks of investing? 17–PDS

What are the fees? 18–PDS

What taxes will you pay? 20–PDS

Who is involved? 20–PDS

How to complain 21–PDS

Where you can find more information 22–PDS

How to apply 22–PDS

Application forms After page 22–PDS

PART ONE – GUIDE

PART TWO – PRODUCT DISCLOSURE STATEMENT (PDS)

1–Guide

ONEANSWERSINGLE-ASSET-CLASS

FUNDS

WELCOME TO THE

GETTING STARTED

Read this guide and the PDS

1Seek advice from your

financial adviser

2Complete the

application form (at the back of the PDS)

3

SEEK ADVICE

We recommend you seek advice from a financial adviser. Financial advisers can provide you with guidance and support based on your personal financial situation. A financial adviser can

provide you with a copy of their disclosure statement on request and free of charge.

You can find definitions of the terms used throughout the guide and PDS in the other material information, available on the offer register at business.govt.nz/disclose (search OneAnswer Single-Asset-Class Funds).

2–Guide

You’re in control

You, with your financial adviser, decide which fund or funds to invest in, and how much to invest in each fund.

Choose from one or more of our eight single-asset- class funds.

Our funds can be:

• your total investment solution, or

• used as your individual asset class solution, along with other investments you might hold.

You can personalise your investment portfolio

You can:

• create a personalised portfolio to complement your financial requirements

• choose a level of risk and expected return that suits you.

Your investment is professionally managed

The funds are professionally managed by our highly experienced investment management team.

For some international assets we also use a small number of carefully chosen professional external fund managers. They follow a consistent and disciplined process for managing investments, which we actively monitor.

We use active management

All our funds are actively managed. Through active management we look to add value to your investment both from varying the investment mix and/or from investment selection.

You can find out more about us, and our investment team, at anzinvestments.co.nz.

See pages 9–Guide to 10–Guide for more information on the external fund managers we use.

WHY INVEST IN THE FUNDS?

Build a diversified portfolio

Each single-asset-class fund accesses a range of investments within its stated asset class. It is up to you and your adviser to decide how you combine each fund to ensure diversification across asset classes.

We’re trusted by many New Zealanders

We’ve operated in New Zealand since 1989 and manage more than $20 billion on behalf of individuals, trusts, corporates, KiwiSaver schemes, superannuation schemes, government organisations and charities.

We are New Zealand’s largest fund manager – more than 720,000 New Zealanders trust us to manage their investments.

You can find out more about us at anzinvestments.co.nz.

Your adviser has choice

Your adviser is not an ANZ employee or agent. Your adviser can choose the OneAnswer Single-Asset-Class Funds or any other third-party funds.

You can find helpful resources online

Our website has valuable information and resources that can help you manage your investment.

You’ll also find the latest:

• fund performance

• fund unit prices

• fund fact sheets

• fund updates.

If you bank with ANZ, you can find up-to-date information about your investment in ANZ Internet Banking or via the ANZ goMoney app.

anzinvestments.co.nz/SACfunds

3–Guide

WE HAVE AN IMPRESSIVE TRACK RECORD

Awards

Morningstar Awards, Fund Manager of the Year, New Zealand Category

Winner: 2015, 2012, 2006, 2005, 2004, 2001 and 2000 Finalist: 2016, 2014, 2013, 2010 and 2002

FundSource Awards*, Fund Manager of the Year

Winner: 2014, 2013, 2012, 2010, 2008 and 2006 Finalist: 2009, 2007 and 2005

Morningstar Awards, International Equities Category, New Zealand

Winner: 2016, 2015, 2014, 2013, 2010, 2009 and 2008

See anzinvestments.co.nz/awards for our full awards history, ratings and disclaimers.

Morningstar Analyst Ratings™

International Property Fund – this fund is the highest rated (out of two funds with research coverage) in its category, assigned on 18 January 2016.

International Share Fund – this fund is the highest rated (out of five funds with research coverage) in its category, assigned on 9 May 2016.

Australian Share Fund – this fund is the highest rated (out of two funds with research coverage) in its category, assigned on 18 January 2016.

Property Securities Fund – this fund is the highest rated (out of two funds with research coverage) in its category, assigned on 26 November 2015.

Our investment team and funds have been recognised by numerous awards and ratings from independent research houses.

* There were no FundSource Awards in 2015.

** Morningstar has consented to the use of this quote. For more information about Morningstar, see our website.

“The number of international equities options available to New Zealand investors is expanding, however, we continue to believe the OneAnswer International Share Fund

is a stand-out choice. The multi-manager approach is impressive across the board – stable line-up of quality managers, impressive team in charge of manager selection and portfolio construction, category-leading performance history, all at a reasonable cost.”

– International Share Fund, Morningstar Analyst Report, published 9 May 2016**

4–Guide

5–Guide

Amy seeks advice from her financial adviser, David, who suggests that given her current investments are concentrated in Australasia, it would be prudent to diversify by investing this money into funds that invest into overseas asset classes, such as international equities and international fixed interest.

After considering Amy’s financial needs, goals and tolerance for risk, David recommends she invests into the International Share Fund, the International Property Fund and the International Fixed Interest Fund. He explains that each of these funds invests in a broad range of underlying

assets offering Amy broad diversification within each asset class. David also explains that as each fund invests into a single asset class, it will have a different level of risk and return – it’s important to get the right asset class mix across her investments.

Amy is comfortable as she knows she’s received good financial advice, and that her investments are well diversified across asset classes in New Zealand, and also overseas.

We recommend that, like Amy, you talk to your financial adviser about the investment options available to you.

Amy currently has a number of investments, including an investment property and $100,000 invested in a mix of Australasian equities and New Zealand fixed interest assets. She also has an additional $200,000 to invest.

CASE STUDY: A TAILORED APPROACH, WITH THE BENEFIT OF ADVICE

AMY’S PORTFOLIO

Australasian equities

New Zealand fixed interest


International equities

International fixed interest

Investment property

International listed property

NEW INVESTMENT PORTFOLIOEXISTING INVESTMENT PORTFOLIO


Investment property

6–Guide

How do you join?

All you need to do is:

1. read the PDS

2. seek advice from your financial adviser

3. complete and send us an application form.

Remember to provide your email address, so we can keep you up-to-date with your investment.

If you have any questions, contact your financial adviser or contact us:

[email protected]

0800 736 034

What are the funds?

A selection of eight funds targeting specific asset classes.

The main asset classes include:

• Fixed interest: debt securities issued by entities such as governments, corporations, local authorities and banks (called issuers). The issuer generally pays a set (or fixed) interest rate for a set period of time.

• Equities: part-ownership of a company or similar entity. Equities include units and shares. Shareholders share any profits or losses of the relevant entity.

• Listed property: equities or units in listed property trusts or companies. Those trusts or companies own or invest directly in commercial property.

We also offer a multi-asset-class Balanced Fund that invests in the above asset classes, cash and cash equivalents, with a very small allocation to alternative assets.

For information on the external fund managers that manage each asset class, see page 9–Guide. Also see more detail on the funds on pages 12–PDS to 15–PDS.

A SNAPSHOT OF THE FUNDS

Flexible payment options

You can make regular payments

You can make regular fortnightly, monthly or quarterly payments straight from your bank account. The minimum regular payment per fund is $50.

You can make lump sum payments

If you do not want to make regular payments, you must make an initial lump sum payment of $500 or more when you first join a fund.

You can also make additional lump sum payments of $500 or more at any time, whether or not you have a regular payment set up.

Or, you can do both

The funds are flexible enough that you can make contributions on a regular basis as well as adding a lump sum investment.

For more information about payment options, see pages 10–PDS to 11–PDS.

You can withdraw at any time

You can request a withdrawal on any business day. You decide when and how much to withdraw.

You can also set up a regular withdrawal to supplement your income or support your lifestyle.

For more information, including minimum withdrawal amounts, see page 11–PDS.

Each fund has a maximum fee

The annual fund charge is the total fee for your investment. The fee is a percentage of the net asset value of each fund, and is deducted from it.

You will not pay more than this fee.

For more information, see page 18–PDS.

Investing involves risks

Investing in the funds will involve taking some risk.

Your investment might not do as well as expected and you may not receive back the full amount you invested.

We recommend that you talk to your financial adviser about the investment options available to you.

Your investment is not guaranteed

Your investment in the funds is not guaranteed by anyone.

7–Guide

Your payments

The payments you make can be regular or lump sum amounts.

See pages 10–PDS to 11–PDS.

Returns

Your investment can go up or down because of the performance of your fund.

Returns reflect gains or losses made when assets our funds invest in change in value or earn income.

Fees

There is an annual fund charge that varies depending on the fund you’re invested in.

It’s deducted straight from the fund.

See page 18–PDS.

Taxes

If you’re an individual or joint investor, taxes (or tax rebates) that apply to your investment are automatically deducted from (or added to) your account at the prescribed investor rate (PIR) you provide us with.

If you’re not an individual or joint investor, you may need to pay tax yourself.

See page 20–PDS.

–/+–+/–

YOUR INVESTMENT IS MADE UP OF:

Make sure you’re on the right tax rate. Check your PIR. See page 20–PDS for more information. !

8–Guide

OUR FUNDS AND EXTERNAL FUND MANAGERS

The single-asset-class funds invest into underlying funds that we manage. Each underlying fund focuses its investments on a specific asset class. We believe this management structure benefits you because it creates efficiencies and we have greater control of the overall cost to you.

The core asset classes we invest in and the external fund managers of our underlying funds are shown below. They may change from time to time.

Our multi-asset-class Balanced Fund invests most of its assets into our underlying funds. The Balanced Fund spreads its investment over hundreds of assets in local and international markets. Our investment team monitor and adjust the asset class allocation, depending on how they believe each will perform.

For more information about the Balanced Fund, see pages 14–PDS to 15–PDS.


ANZ InvestmentsNew Zealand Share Fund

ANZ InvestmentsEquity

Selection Fund

Arnhem Investment Management

Australian Share Fund

The Franklin Equity Group

LSV Asset Management

MFS Institutional Advisors

Vontobel


International Share Fund

We set and adjust the mix of asset classes that make up each fund. Additionally we manage cash and cash equivalents, New Zealand fixed interest, Australasian listed property and some Australasian equities. We look for high-quality assets with an attractive return profile at a reasonable price.

Arnhem Investment Management Pty Limited (Arnhem), a delegate of BNP Paribas Investment Partners (Australia) Limited, manages a portfolio of Australian equities. Arnhem aims to invest in companies with above-average, sustainable earnings growth.

ANZ Investments

The Franklin Equity Group (Franklin), a part of Franklin Templeton Investments, manages a portfolio of international equities. Franklin aims to invest in quality companies with the potential to produce sustainable earnings and cash flow growth.

The Franklin Equity Group

MFS Institutional Advisors Inc. (MFSI) manages a portfolio of international equities. MFSI aims to invest in quality companies with sustainable, above-average growth and returns.

MFS Institutional AdvisorsArnhem Investment Management

9–Guide

OUR SELECTION AND MONITORING PROCESS

Our investment team selects the assets for most of the Australasian assets. For the international assets, we select external fund managers who we believe are among the best in their class.

Our selection follows an extensive research process. A number of factors are considered, such as people (experience and stability of the team), process (consistency of philosophy and style), business and performance.

The managers’ performance, strategy and investment processes are monitored on a regular basis.

You can find the current external fund managers in the SIPO which is available on the offer register at business.govt.nz/disclose (search OneAnswer Single-Asset-Class Funds).

Australasian listed property

ANZ InvestmentsProperty Securities Fund


ANZ InvestmentsNew Zealand Fixed Interest

Fund

International listed property

CBRE ClarionInternational

Property Fund


Vanguard Investments Australia

International Fixed Interest

Fund

Vanguard Investments Australia Limited (Vanguard) manages a portfolio of international fixed interest assets issued by governments. Vanguard also manages a portfolio of international credit securities.

Vanguard Investments Australia

CBRE Clarion Securities LLC (CBRE Clarion) manages a portfolio of international listed property assets. CBRE Clarion seeks to construct a well-diversified portfolio of listed property assets.

CBRE Clarion

LSV Asset Management (LSV) manages a portfolio of international equities. LSV aims to invest in out-of-favour or undervalued stocks that have the potential for near-term appreciation.

LSV Asset Management

Vontobel Asset Management Inc (Vontobel) manages a portfolio of international equities. Vontobel aims to invest in sensibly priced, high-quality companies that can grow earnings faster than the market on a sustainable basis.

Vontobel

10–Guide

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 business.govt.nz/disclose. ANZ New Zealand Investments Limited has prepared this document in accordance with

the Financial Markets Conduct Act 2013. You can also seek advice from a financial adviser to help you make an investment decision.

3 November 2016 Issuer and manager: ANZ New Zealand Investments Limited

PRODUCTDISCLOSURESTATEMENT


2–Guide

What is this?

This is a managed investment scheme. Your money will be pooled with other investors’ money and invested in various investments. ANZ New Zealand Investments Limited (ANZ Investments, we, us and our) will invest your money and charge you a fee for its services. The returns you receive are dependent on the investment decisions of ANZ Investments and the performance of the investments. The value of those investments may go up or down. The types of investments and the fees you will be charged are described in this document.

What will your money be invested in?

The OneAnswer Single-Asset-Class Funds (the funds) offers nine funds.

These investment options are summarised on pages 4–PDS to 7–PDS.

More information about the investment target and strategy for each investment option is provided at page 12–PDS.

Who manages the funds?

ANZ Investments is the manager of the funds.

See page 20–PDS for more information.

How can you get your money out?

You can request a withdrawal on any business day. Unless you’re making a full withdrawal, you must leave a minimum of $500 in your investment account. The minimum amount you can withdraw is:

• $500 if you’re making a lump sum withdrawal, or

• $100 per fund if you’re making a regular withdrawal.

We can defer or suspend withdrawals in certain limited circumstances.

Your investment in the funds can be sold but there is no established market for trading these financial products. This means that you may not be able to find a buyer for your investment.

See page 11–PDS for more information.

How will your investment be taxed?

Each fund is a portfolio investment entity (PIE).

The amount of tax you pay in respect of a PIE is based on your prescribed investor rate (PIR). This can be 0%, 10.5%, 17.5% or 28%.

See section 6 of the PDS (What taxes will you pay?) on page 20–PDS for more information.

Where can you find more key information?

ANZ Investments is required to publish quarterly updates for each fund. The updates show the returns, and the total fees actually charged to investors, during the previous year. The latest fund updates are available at anzinvestments.co.nz/fundupdates. The manager will also give you copies of those documents on request.

1. KEY INFORMATION SUMMARY

3–PDS

Fund Description Investment objectives

Aims to achieve a positive yearly return (after the fund charge and before tax) that over the long term:

Risk indicator Estimated annual fund charge

(percentage of net asset value of the fund)

New Zealand Fixed Interest Fund

Invests mainly in New Zealand fixed interest assets. Investments may include:

• fixed interest assets issued by New Zealand or international entities denominated in New Zealand dollars, and

• cash and cash equivalents.

outperforms the relevant market index. 0.74%

International Fixed Interest Fund

Invests mainly in international fixed interest assets. Investments may include:

• fixed interest assets issued by governments or international companies, and


is in line with the relevant market index. 0.94%

Property Securities Fund

Invests mainly in New Zealand and Australian listed property assets. Investments may include:

• listed companies, funds or trusts that invest in property, and



International Property Fund

Invests mainly in international listed property assets. Investments may include:




New Zealand Share Fund

Invests mainly in New Zealand equities. Investments may include:

• equities in companies that are listed or intend to list on the New Zealand stock exchange, and



Our funds

* In calculating the risk indicator for the International Fixed Interest Fund and the International Property Fund, a mix of actual and market index returns have been used. Market index returns have been used for the period 30 September 2011 to 30 September 2013, as these funds began operating on 19 September 2013. As a result, the risk indicators may provide a less reliable indicator of the potential future volatility of these funds.

See page 17–PDS for an explanation of the risk indicator and for information about other risks that are not included in the risk indicator. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at sorted.org.nz/tools/investor-kickstarter.

4–PDS











Invests mainly in international fixed interest assets. Investments may include:

• fixed interest assets issued by governments or international companies, and


is in line with the relevant market index. 0.94%
















Higher riskPotentially higher returns

73 62 51 4Lower riskPotentially

lower returns


73* 62 51 4Lower riskPotentially

lower returns


73 62 5*1 4Lower riskPotentially

lower returns



lower returns



lower returns



5–PDS

Our funds (continued)





Equity Selection Fund

Invests mainly in New Zealand and Australian equities. Investments may include:

• equities in companies that are listed or intend to list on the New Zealand or Australian stock exchanges, and




Invests mainly in Australian equities. Investments may include:

• equities in companies that are listed or in the process of listing on the Australian stock exchange, and




Invests mainly in international equities. Investments may include:

• equities in companies that are listed on a recognised stock exchange, and



Balanced Fund

Invests mainly in growth assets (equities and listed property), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund also has a small exposure to alternative assets.

is 3.9% over inflation (allowing for a negative return 4.8 years in every 20).

1.30%


6–PDS




















Balanced Fund



1.30%




lower returns



lower returns



lower returns



lower returns

7–PDS

8–PDS

1. Key information summary 3–PDS

2. How does this investment work? 10–PDS

3. Description of your investment options 12–PDS

4. What are the risks of investing? 17–PDS

5. What are the fees? 18–PDS

6. What taxes will you pay? 20–PDS

7. Who is involved? 20–PDS

8. How to complain 21–PDS

9. Where you can find more information 22–PDS

10. How to apply 22–PDS

Application forms After page 22–PDS

CONTENTS

9–PDS

2. HOW DOES THIS INVESTMENT WORK?

What are the main benefits?

Your investment is professionally managed

The funds are managed by our highly experienced investment management team. The team selects most of the Australasian assets. A small number of external fund managers select the international assets.

You can build a diversified portfolio

Each single-asset-class fund accesses a range of investments within its stated asset class. To gain diversification across asset classes, you will need to invest in a number of these funds or the Balanced Fund.

Your investment is actively managed

Active management aims to add value to your investment by varying the investment mix and investment selection.

You have access to a range of funds

The range of single-asset-class funds allows you to choose the combination that is best suited to you. Use the funds as your total investment solution or as your individual asset class solution, along with other investments you might hold.

Your investment is flexible

The funds provide you with flexible investment and withdrawal options. You can choose:

• which fund(s) your money is invested in

• how much, and when to, invest, and

• when to withdraw your money.

Your investment has a maximum fee

Each fund has an annual fund charge that is the total fee for your investment. This fee is a percentage of the net asset value of your fund and is deducted from it. You will not pay more than this fee.

Making investments

When you first join the funds, you must either set up regular investments, or make a lump sum investment.

Making regular investments

You can make regular fortnightly, monthly or quarterly investments by setting up a direct debit. The minimum regular payment amount per fund is $50. To set up a direct debit, you can either:

• complete the direct debit form at the back of the PDS and send it to us, or

• call us on 0800 736 034 or +64 9 356 4000.

You can increase, reduce or suspend your regular direct debit payments at any time by sending us a new direct debit form or by calling us.

The funds are a managed investment scheme, registered under the Financial Markets Conduct Act 2013 under the name ‘ANZ Investments Single-Asset-Class Scheme’. Each fund is a separate trust governed by a governing document dated 30 September 2016. This document appoints the manager, and the supervisor.

The OneAnswer Single-Asset-Class Funds has nine investment funds. Eight of these funds are single-asset-class funds, which focus on specific asset classes. We also offer a multi-asset-class Balanced Fund. Each fund has a different level of risk and expected return.

The funds generally invest in underlying funds that we manage. Each underlying fund focuses its investments on a specific asset class. The assets of the underlying funds are either selected by us or by carefully chosen external fund managers.

Your investment is pooled with other investors in the same fund. Every time money is put into your investment account, you receive units in the fund you’re invested in. The number of units you hold, when multiplied by the unit price, represents the value of your investment in a fund, not including any unpaid tax or tax rebates.

The price of a unit depends on the value of the relevant fund. As the value of the fund’s assets change each day, so will the price of your units.

The assets of one fund are not available to be applied to meet the liabilities of any other fund.

No distributions are made from the funds. Income is re-invested in the funds.

The range of single-asset-class funds allows you to choose the combination

that is best suited to you

10–PDS

Reducing or suspending your regular payments is also subject to maintaining a minimum regular payment amount per fund of $50 and a minimum investment account balance of $500. If your investment account balance falls below $500, we can redeem your units.

Making lump sum investments

If you don’t want to make regular payments, you must make a lump sum payment of at least $500 when you first join.

You can also make additional lump sum payments of $500 or more at any time, whether or not you have a regular payment set up, by any of the following methods.

Internet banking or phone banking

Select ‘OneAnswer SAC Funds’ from the Bill Payee list, or make your payment to:

OA Single-Asset-Class Application Account

ANZ

01-0102-0706418-00

If you are invested in more than one fund, we will use the same percentage amount per fund that you chose for your last payment. If you do not want us to allocate your payment in this way, please complete and send us the transaction form at the back of the PDS.

Cheque

Make your cheque out to ‘OA Single-Asset-Class Application Account’ and send it to us along with the completed transaction form at the back of the PDS.

See page 20–PDS for our address.

Important

• Remember to include your surname, date of birth and investor number as the references when you make a payment.

• If you don’t provide us with the correct details, we can’t credit your investment account with the amount you pay.

• It usually takes up to three business days for a lump sum payment to reach your investment account.

• By making additional investments, you agree to be bound by the funds’ terms and conditions current at the time of making the investment, as set out in the application form, guide, PDS, offer register and governing document applicable at that time.

• We can change the minimum payment amounts and minimum investment account balance.

Withdrawing your investments

You can request a withdrawal on any business day. Unless you’re making a full withdrawal, you must leave a minimum of $500 in your investment account. The minimum amount you can withdraw is:

• $500 if you’re making a lump sum withdrawal, or

• $100 per fund if you’re making a regular withdrawal.

You can set up a regular monthly, quarterly, six-monthly or annual withdrawal. We can change the minimum withdrawal amounts.

To make a withdrawal, please send us a completed withdrawal form. You can download a copy of the form at anzinvestments.co.nz/documents, or call us on 0800 736 034 for a copy of this form.

We usually process withdrawals and make payment to your bank account within a week of receiving your request.

We can defer withdrawals, or suspend them for an unlimited period, in certain limited circumstances set out in the governing document.

We may separate out certain assets within a fund’s portfolio and make special arrangements for those assets, if doing so will protect investors’ interests. This may affect you accessing part of your investment.

For more information see the governing document available on the offer register at business.govt.nz/disclose (search for OneAnswer Single-Asset-Class Funds).

You can transfer your units

You can sell some or all of your units to someone else. A transfer is treated as a withdrawal for the seller and a purchase for the buyer.

We don’t currently charge a fee for transfers. We don’t offer a secondary market for the sale of units, and we don’t believe there is one. We can refuse a transfer.

How to switch between funds

You can switch your investment from one fund to another fund. The minimum amount you can switch is $500. We can change the minimum switch amount.

To make a switch, complete the transaction form at the back of the PDS. Your financial adviser can assist you with the switching process.

We can set requirements for switching, including restrictions on redirecting contributions to another fund.

Our ability to defer or suspend withdrawals and separate out assets can affect switches (see above).

11–PDS

Fund Description Target investment mix summary

Investment objectives


Risk indicator Minimum suggested timeframe for holding the investments





outperforms the relevant market index.

5 years


Invests mainly in international fixed interest assets. Investments may include:• fixed interest assets issued by governments

or international companies, and


is in line with the relevant market index.

5 years






10 years






10 years






10 years

3. DESCRIPTION OF YOUR INVESTMENT OPTIONS

Listed property100%

Listed property100%


100%


100%

100%Australasian equities

Key

Income assets: Cash and cash equivalents New Zealand and international fixed interest

Growth assets: Listed property Australasian and international equities Other (such as alternative assets)


Important

• We cannot guarantee that each fund’s investment objectives will be achieved.

• Further information about the assets in each fund can be found in the fund updates at anzinvestments.co.nz/fundupdates.

12–PDS










5 years


Invests mainly in international fixed interest assets. Investments may include:• fixed interest assets issued by governments

or international companies, and


is in line with the relevant market index.

5 years






10 years






10 years






10 years



lower returns


73* 62 51 4Lower riskPotentially

lower returns


73 62 5*1 4Lower riskPotentially

lower returns



lower returns



lower returns

Key




Important



13–PDS










10 years






10 years






10 years

Balanced Fund



6 years

Key



Important




100%

Australasian equities100%


100%

6%29%10%55%

14–PDS










10 years






10 years






10 years

Balanced Fund



6 years

Key



Important





lower returns



lower returns



lower returns4



lower returns

15–PDS

More information about how our funds invest

Our statement of investment policy and objectives (SIPO) contains information about how our funds invest. It details the investment objectives, strategies, target investment mix and ranges, and underlying external fund managers.

We can make changes to the SIPO after consultation with the supervisor without letting you know. Material changes to the SIPO will be included in the funds’ annual report.

The current SIPO is available on the offer register at business.govt.nz/disclose (search OneAnswer Single-Asset-Class Funds).

16–PDS

Understanding the risk indicator

Managed funds in New Zealand must have a standard risk indicator. The risk indicator is designed to help investors understand the uncertainties both for loss and growth that may affect their investment. You can compare funds using the risk indicator.

4. WHAT ARE THE RISKS OF INVESTING?



lower returns

See pages 12–PDS to 15–PDS for the risk indicators that apply to each of our funds.

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way.

To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at sorted.org.nz/tools/investor-kickstarter.

Note that even the lowest category does not mean a risk-free investment, and there may be other risks that are not captured by this rating.

This risk indicator is not a guarantee of a fund’s future performance. The risk indicator is based on the returns data for the five years to 30 September 2016. While risk indicators are usually relatively stable, they do shift from time to time. You can see the most recent risk indicator in the latest fund update for each fund.

General investment risks

Some of the things that may cause a fund’s value to move up and down, which affect the risk indicator, are:

Market risk

Risk that an asset’s, or an asset class’s, market value may change due to a number of factors. These can include changes in the economy, the performance of individual entities, the regulatory environment, investor sentiment, political events, inflation, and interest and currency rates.

The level of market risk a fund is exposed to depends on the asset classes it invests in. For example, equities and listed property assets are considered to be more risky than cash and cash equivalents and fixed interest assets.

As most of the funds are single-asset-class funds, they’re exposed to the specific risks associated with the asset class in which they invest. They don’t benefit from diversifying investments across asset classes and poor performance within the asset class may have a significant effect on the fund.

Currency risk

Risk of changes in currency exchange rates. Assets denominated in foreign currencies face currency risk.

For example, for a fund with foreign currency exposure, if the New Zealand dollar increases in value against a given foreign currency, all else being equal, the New Zealand dollar value of the fund will fall.

Liquidity risk

Risk that an asset cannot be sold at the desired time (and at recent market value).

Such illiquid assets may impact your ability to withdraw, transfer or switch your investment.

Active management risk

Risk that arises from our, or our external fund managers’, active management of investments. All of the funds are actively managed.

For example, if we choose investments that underperform, or we mistime market changes, returns may be lower.

Derivative risk

Risk that arises from the use of derivatives where the value is derived from the performance of another asset, an index (such as a share market index or a commodity index), an interest rate or an exchange rate.

For example, investment losses could be caused by the other party to the derivatives contract failing to meet its contract obligations.

For more information on risks, see the offer register at business.govt.nz/disclose (search OneAnswer Single-Asset-Class Funds).

17–PDS

You will be charged fees for investing in the funds. Fees are deducted from your investment and will reduce your returns. If ANZ Investments invests in other funds, those funds may also charge fees. The fees you pay will be charged in two ways:

• regular charges (for example, annual fund charges). Small differences in these fees can have a big impact on your investment over the long term

• one-off fees (currently none).

The annual fund charge:

• is made up of our management fee, the supervisor’s fee, fund expenses, and fees and expenses of underlying funds

• is calculated as a percentage of the net asset value of the fund

• includes GST where applicable

• is calculated daily and will reduce a fund’s unit price (so you won’t see the annual fund charge on your annual statement).

The annual fund charge is capped, so you won’t pay more than the amount set out in the table above. However, the actual annual fund charge you pay may be lower than these amounts because, when calculating the cap, we estimate the expenses of the funds, and the fees and expenses of underlying funds.

You can find more information on our annual fund charge and how it is calculated on the offer register at business.govt.nz/disclose (search OneAnswer Single-Asset-Class Funds).

We don’t currently charge any contribution, establishment, switching, termination or withdrawal fees.

5. WHAT ARE THE FEES?

Fund Annual fund charge

(percentage of net asset value of each fund)

New Zealand Fixed Interest Fund 0.74%

International Fixed Interest Fund 0.94%

Property Securities Fund 1.19%

International Property Fund 1.34%

New Zealand Share Fund 1.19%

Equity Selection Fund 1.29%

Australian Share Fund 1.29%

International Share Fund 1.29%

Balanced Fund 1.30%

Annual fund charges

The fees can be changed

We can change fees from time to time, and can introduce new fees. We’ll give you at least three months’ notice of any increase in our management fee or the supervisor’s fee or the introduction of a new fee.

We must publish a fund update for each fund showing the fees actually charged during the most recent year.

Fund updates, including past updates, are available at anzinvestments.co.nz/fundupdates.

18–PDS

EXAMPLE OF HOW FEES APPLY TO AN INVESTOR

Daniel invests $10,000 in the New Zealand Share Fund.

He is not charged an establishment fee or a contribution fee.

This means the starting value of his investment is $10,000.

He is charged management and administration fees, which work out to about $119 (1.19% of $10,000). These fees might be more or less if his account balance has increased or decreased over the year.

Estimated total fees for the first year

Fund charges: $119

See the latest fund update for an example of the actual returns and fees investors were charged over the past year.

This example only applies to the New Zealand Share Fund. If you are considering investing in other funds in the OneAnswer Single-Asset-Class Funds, this example may not be representative of the actual fees you may be charged.

19–PDS

6. WHAT TAXES WILL YOU PAY?

Name Role

Supervisor and custodian

The New Zealand Guardian Trust Company Limited

The supervisor is a licensed supervisor who is independent of us.

They supervise how we manage the funds, for the benefit of you and other investors.

As the custodian, they hold the funds’ assets ‘in trust’ for you, entirely separate from our assets.

Who else is involved?

ANZ Investments is the manager

We’re the manager of the funds and are responsible for their management and administration.

You can contact us at:

[email protected]

0800 736 034

ANZ Investments – Customer Services ANZ Centre, 23-29 Albert Street, Auckland Freepost 324, PO Box 7149, Wellesley Street, Auckland 1141

We’re a wholly owned subsidiary of ANZ Bank New Zealand Limited.

Investments in the funds aren’t deposits in ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited or their subsidiaries (together ‘ANZ Group’), nor are they liabilities of ANZ Group. ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.

Your investment in the funds isn’t guaranteed by ANZ Group, The New Zealand Guardian Trust Company Limited, any of their directors or any other person.

7. WHO IS INVOLVED?

Each of the funds is a portfolio investment entity. The amount of tax you pay is based on your prescribed investor rate (PIR). To determine your PIR, go to our application form after page 22–PDS. If you are unsure of your PIR, we recommend you seek professional advice or contact the Inland Revenue Department.

It is your responsibility to tell us your PIR when you invest or if your PIR changes. If you do not tell us, a default rate may be applied. If the advised PIR is lower than the correct PIR, you will need to complete a personal tax return and pay any tax shortfall, interest and penalties. If the default rate or the advised PIR is higher than the correct PIR, you will not get a refund of any overpaid tax.

In addition to your PIR, you also need to tell us your IRD number. If you do not tell us, the default PIR of 28% will apply.

We arrange for all taxes that apply to your investment account to be paid (or refunded). This is done by cancelling (or issuing) units in your investment account. We do this at the end of the tax year (following 31 March), or earlier if:

• you withdraw, transfer or switch all of your savings from a fund

• the value of your units is so low that it doesn’t meet your expected tax liability.

However if your PIR is 0%, you will need to pay any tax on your share of PIE income yourself.

Make sure you provide us with the right PIR so you pay the correct tax on your investment.

Provide us with the right PIR

!

20–PDS

8. HOW TO COMPLAIN

Contact your adviser first

If you have any problems with the funds, please contact your financial adviser.

Contact us second

If you don’t have a financial adviser, or if your financial adviser has been unable to help you, please contact us. As the manager of the funds, we’re committed to resolving your complaint as quickly as possible.

[email protected]

0800 736 034

ANZ Investments – Customer Services ANZ Centre, 23-29 Albert Street, Auckland Freepost 324, PO Box 7149, Wellesley Street, Auckland 1141

Contact the supervisor after that

You can contact The New Zealand Guardian Trust Company Limited at:

[email protected]

09 909 5100

Relationship Manager – OneAnswer Single-Asset-Class Funds The New Zealand Guardian Trust Company Limited 191 Queen Street, Auckland PO Box 274, Auckland 1140

If you’re still not happy

You can get free independent assistance from the following respective dispute resolution schemes.

Our dispute resolution scheme

You can contact the Banking Ombudsman at:

[email protected]

0800 805 950

The Banking Ombudsman 1 Post Office Square, Wellington 6011 Freepost 218002, PO Box 25327, Featherston Street, Wellington 6146

The supervisor’s dispute resolution scheme

You can contact Financial Services Complaints Limited at:

[email protected]

0800 347 257

Financial Services Complaints Limited 101 Lambton Quay, Wellington PO Box 5967, Wellington 6145

You won’t be charged a fee

You won’t be charged a fee by us, the supervisor or the dispute resolution scheme for investigating or resolving a complaint.

21–PDS

9. WHERE YOU CAN FIND MORE INFORMATION

Further information about the funds is available:

In our guide A helpful guide to the funds, including how to make the funds work for you, an overview, a case study and information about the underlying external fund managers.

On our website Valuable information and resources to help you manage your investment, including transaction forms, fund performance, unit prices, monthly fact sheets and quarterly fund updates.

anzinvestments.co.nz/SACfunds

On Disclose Disclose is a website that contains two registers – an offer register and a scheme register. These include current information on the funds, including the governing document, financial statements, SIPO and PDS. Search ‘OneAnswer Single-Asset-Class Funds’ on the offer register or ‘ANZ Investments Single-Asset-Class Scheme’ on the scheme register. The most recent PDS may help you make decisions about whether or not to acquire further units in the funds.

business.govt.nz/disclose

10. HOW TO APPLY

To join, complete and send us the relevant application form(s). You may also wish to speak with your financial adviser.

Note, you need to be in New Zealand to invest in the funds.

You can make a request to the Registrar of Financial Service Providers for a copy of the information on Disclose. You can contact them by:

03 962 6162

Registrar of Financial Service Providers c/- The Companies Office 135 Albert Street, Auckland Private Bag 92061, Victoria Street West, Auckland 1142

You can also obtain a copy of this information free of charge by contacting us.

22–PDS

This page has been left blank intentionally.

How will we use your information?

When you become an investor in the funds, you agree that ANZ Group, ANZ Investments and the supervisor can:

• get information and ask questions about you that we consider justified for our business purposes, including asking and getting information from ANZ Group and credit reference agencies

• collect, use and disclose information about you to comply with any laws in New Zealand or overseas applying to us or the accounts, products or services we provide to you (and you agree to give us that information if we ask you for it)

• give information about you to each other or any government authority in New Zealand or overseas. We can give information about you to help us comply with laws in New Zealand or overseas, or to help us decide what we need to do to comply with the law in New Zealand or overseas

• use and obtain information about you, and let third parties have the information, to the extent reasonably necessary to administer your investment account or to promote to you other products of ANZ Investments or related companies of ANZ Investments

• if you joined the funds through a financial adviser, disclose information about you to your adviser (including their staff )

• otherwise collect, use and disclose your personal information in accordance with the Privacy Act 1993 and our privacy policy.

We take your privacy very seriously and maintain high security standards. Information you provide to us will be kept strictly confidential. The agencies that are collecting and securely holding that information are ANZ Investments, the supervisor, ANZ Group and members of their respective groups of companies.

You have a right to see the information held by us – email [email protected]. You may also ask that your information be corrected. You may have to pay a fee.

We can monitor or record your phone calls with our contact centre. We do this mainly to try and improve our service. Provided we follow our privacy policy, we can also:

• use information we collect during those calls

• give that information to other people or organisations.

For further information about our privacy policy and how this applies to your information (including information collected through monitoring or recording phone calls) see the ‘Security and Privacy Statement’ section on anzinvestments.co.nz.

APPLICATION FORMS FOR THE FUNDS

This information will assist you to complete the relevant application form(s).

Make sure we have your correct prescribed investor rate (PIR)

If you’re an individual

The following diagram will help you to determine your PIR. Inland Revenue can require us to use a different PIR if they consider that you have given us an incorrect PIR.

No

No

Your PIR is

28%

Your PIR is

10.5%Your PIR is

17.5%

Your PIR is

28%

Your PIR is

28%

Was your total taxable income and attributed PIE income (after deducting any attributed PIE loss)* in that year $48,000 or less?

Was your total taxable income and attributed PIE income (after deducting any attributed PIE loss)* in that year $70,000 or less?

In either of the two income years before the relevant year was your taxable income $14,000 or less?

In either of the two income years before the relevant year was your taxable income $48,000 or less?

Are you a New Zealand tax resident? No

No

No

Yes

Yes Yes

Yes Yes

* Your attributed PIE income or loss for an income year is the amount of income or loss attributed to you by PIEs (including the funds) in that income year, as recorded in the tax certificates issued by PIEs to you at the end of each income year. An income year generally runs from 1 April of the previous year to 31 March of the current year.

If you have considered the two previous income years and determine that you qualify for two different rates, your PIR is the lower rate.

Your worldwide income must generally be included in ‘taxable income’ when determining your PIR, even if you were not resident in New Zealand when that income was earned. Exceptions apply (for more information see ird.govt.nz or consult a tax adviser).

If you’re not an individual

• Are you a New Zealand tax resident company, unit trust, registered charity, superannuation scheme, PIE or PIE investor proxy?

Your PIR is 0%. You will need to pay any tax on your attributed PIE income yourself.

Superannuation schemes that are trusts may select another PIR – see below.

• Are you a New Zealand resident trustee (other than of a registered charity)?

Seek advice from a tax professional to help you choose the PIR that best suits your beneficiaries.

If you’re invested with another person

If you’re investing jointly with another person and your PIRs are the same, tell us which investor to attribute the income to and the applicable PIR. If your PIRs are not the same, we must attribute the income to the investor with the highest PIR. If you do not make a selection, we attribute the income to the first-named investor at the default rate of 28%.

Get advice if you’re uncertain

How an investment in a fund affects your tax may depend on your individual circumstances. If you’re uncertain, you should consult a tax adviser.

The information in this section (Application forms for the funds) forms part of the application form(s).

ONEANSWER SINGLE-ASSET-CLASS FUNDSFORM 1 – APPLICATION FORM

(INDIVIDUALS AND JOINT INVESTORS)

Product disclosure statement (PDS) dated 3 November 2016

FORM

1

Post this form to: ANZ Investments, Freepost 324, PO Box 7149, Wellesley Street, Auckland 1141, or email to [email protected].

1. Investor informationInvestor 1 (principal account holder)

Mr Miss Mrs Ms

Other

Gender Male Female

Date of birth D D M M Y Y Y Y

First name(s)

Surname

Home address

Postcode

Postal address (if di� erent from your home address)

Postcode

Home phone

Mobile

Email

Country of birth

Occupation

ANZ customer (or investor) number (if known)

IRD number

(call Inland Revenue on 0800 775 247 for help)

Please tick:

Are you a US resident for tax purposes or a US citizen? Yes No

Are you a New Zealand resident for tax purposes? Yes No

If you’re not a New Zealand or US resident for tax purposes, what is your country of residence for tax purposes?

What is your prescribed investor rate in New Zealand? 10.5% 17.5% 28%

2. Taxpayer informationSee the prescribed investor rate diagram at the beginning of the application forms for help.

Name of taxpayer

(the taxpayer for joint investors is the investor with the highest prescribed investor rate)

Investor 2 (if applicable)

Mr Miss Mrs Ms

Other

Gender Male Female

Date of birth D D M M Y Y Y Y

First name(s)

Surname

Home address

Postcode

Postal address (if di� erent from your home address)

Postcode

Home phone

Mobile

Email

Country of birth

Occupation


IRD number

(call Inland Revenue on 0800 775 247 for help)

Please tick:

Are you a US resident for tax purposes or a US citizen? Yes No

Are you a New Zealand resident for tax purposes? Yes No

If you’re not a New Zealand or US resident for tax purposes, what is your country of residence for tax purposes?

What is your prescribed investor rate in New Zealand? 10.5% 17.5% 28%


3. Payment and investment options (at least one must be selected)Regular payment

Regular payment by direct debit (minimum $50 per fund). Complete and include Form 3.

Please invest my regular payments between the fund(s) as indicated below:

New Zealand Fixed Interest Fund $

International Fixed Interest Fund $

Property Securities Fund $

International Property Fund $

New Zealand Share Fund $

Equity Selection Fund $

Australian Share Fund $

International Share Fund $

Balanced Fund $

Total $

(the total dollar value must be the same as your regular payment amount indicated on Form 3)

Lump sum payment

Lump sum payment by cheque (minimum $500)

Lump sum payment by online or phone banking (minimum $500)

Lump sum payment by one-o� direct debit (minimum $500)

See page 11–PDS for the information you need to include with your payment and the fund bank account you need to pay to. Your application form will be processed once we receive your payment.

Please invest my lump sum payment between the fund(s) as indicated below:









Balanced Fund $

Total $

(the total dollar value must be the same as your lump sum amount)


ADVISER USE ONLY

All relevant sections have been completed.

Identi� cation and residential address documents have been included.

A signed Direct Debit Form (Form 3) has been completed and included (if applicable).

A lump sum payment has been made or cheque attached (if applicable).

Adviser name

FSP number

Distributor company name

Distributor(agency) code

Issuer and manager: ANZ New Zealand Investments Limited 11/16 18134

4. Confi rming your identity (tick the documents you’re sending us) We’ll need to verify:

(A) your identity, by receiving a certi� ed or veri� ed copy of one of the following (which must be current):

Investor 1: passport � rearms licence

Investor 2: passport � rearms licence

(B) your residential address, by receiving a certi� ed or veri� ed copy of one of the following (which can’t be more than three months old):

Investor 1: bank statement power bill home phone bill Inland Revenue statement

Investor 2: bank statement power bill home phone bill Inland Revenue statement

Talk to your adviser for help getting documents veri� ed. If you don’t have any of these documents, see anzinvestments.co.nz/myid for the full list of acceptable documents. This website also describes other ways documents can be certi� ed.

5. Source of fundsPlease con� rm your source of funds (non-New Zealand residents only):

6. Investing on behalf of a child or under a power of attorneyIf the investor is aged 17 years or younger:

• a certi� ed copy of the investor’s birth certi� cate must be included with this application • this form must be signed by the investor’s guardian. If the guardian is not the investor’s parent, as named on the birth certi� cate, we will need

additional documents to con� rm the guardian’s appointment and identity. Call us on 0800 736 034 to discuss these requirements• the investor’s guardian must also complete Form 5 – Authorised Signatories Form, available at anzinvestments.co.nz.

If you are signing for the investor under a power of attorney:

• a certi� ed copy of the power of attorney must be included with this application• the attorney must also complete Form 5 – Authorised Signatories Form, available at anzinvestments.co.nz.

7. Your agreementBy signing this application form, you con� rm that you have received and read the OneAnswer Single-Asset-Class Funds product disclosure statement dated 3 November 2016 and that you agree to be bound by the OneAnswer Single-Asset-Class Funds’ terms and conditions current at the time of any investment. These are set out in the guide and product disclosure statement, online register entry, application form and governing document. You are also con� rming that you understand:

• the value of your investment will move up and down over time• your investment is not guaranteed by anyone• by providing your email address, you will receive emails from ANZ Investments (or its related companies) about your investment (including

annual reports) and, from time to time, any other relevant product or service o� ers• that you consent to receiving transaction con� rmations for your investment in the OneAnswer Single-Asset-Class Funds every six months• that you consent to receiving information about your investment in the OneAnswer Single-Asset-Class Funds (including transaction

con� rmation) electronically (including via ANZ Internet Banking or ANZ goMoney)• by providing a mobile number, you agree to receive text messages from ANZ Investments, and• investments in the OneAnswer Single-Asset-Class Funds are not deposits in ANZ Bank New Zealand Limited or Australia and New Zealand

Banking Group Limited or their subsidiaries (together ‘ANZ Group’), nor are they liabilities of ANZ Group. ANZ Group does not stand behind or guarantee ANZ New Zealand Investments Limited. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment.

Joint applications must be signed by all applicants.

Signature

Date D D M M 2 0 Y Y

Signature


This page has been left blank intentionally.

ONEANSWER SINGLE-ASSET-CLASS FUNDSFORM 2 – APPLICATION FORM (COMPANIES,

PARTNERSHIPS, TRUSTS AND ESTATES)


FORM

2

1. Company, Partnership, Trust or Estate information

Company, Partnership, Trust or Estate name

Company registration number


Registered address

Postcode

Country

Postal address (if di� erent from registered address)

Postcode

Country

Contact phone

Email

2. Taxpayer informationPlease refer to the prescribed investor rate diagram at the beginning of the application forms for help.

Name of taxpayer

(e.g. Company, Partnership, Trust or Estate name)

Is the taxpayer a New Zealand resident for tax purposes? Yes No

If no, state the taxpayer’s country of residence for tax purposes

Taxpayer’s IRD number (call Inland Revenue on 0800 775 247 for help)

Taxpayer’s prescribed investor rate 0% 10.5% 17.5% 28%

What is the taxpayer’s country of establishment?

(e.g. where a Company or Partnership is incorporated or where a Trust is legally established or where the probate for an Estate has been granted.)

Continued over the page

Post this form to: ANZ Investments, Freepost 324, PO Box 7149, Wellesley Street, Auckland 1141, or email to [email protected]. Please also complete and include Form 2A (for a Company or Partnership) or Form 2B (for a Trust or Estate). Trusts must also complete Form 2C (Trust Account Declaration). These forms are available at anzinvestments.co.nz/documents.













Balanced Fund $

Total $


Lump sum payment














Balanced Fund $

Total $














Balanced Fund $

Total $


Lump sum payment














Balanced Fund $

Total $



4. Trusts and Partnerships onlyFor trusts/partnerships with three or more trustees/partners, the following persons are authorised to provide instructions on behalf of all the trustees/partners:

First name(s) Surname



5. Investing under a power of attorneyIf you are signing for the investor under a power of attorney:

• a certi� ed copy of the power of attorney must be included with this application

• the attorney must also complete Form 5 – Authorised Signatories Form, available at anzinvestments.co.nz.

6. AgreementBy signing this application form, you con� rm that you have received and read the OneAnswer Single-Asset-Class Funds product disclosure statement dated 3 November 2016 and that you agree to be bound by the OneAnswer Single-Asset-Class Funds’ terms and conditions current at the time of any investment. These are set out in the guide and product disclosure statement, online register entry, application form and governing document. You are also con� rming that you understand:

• the value of your investment will move up and down over time

• your investment is not guaranteed by anyone

• by providing your email address, you will receive emails from ANZ Investments (or its related companies) about your investment (including annual reports) and, from time to time, any other relevant product or service o� ers

• that you consent to receiving transaction con� rmations for your investment in the OneAnswer Single-Asset-Class Funds every six months

• that you consent to receiving information about your investment in the OneAnswer Single-Asset-Class Funds (including transaction con� rmation) electronically (including via ANZ Internet Banking or ANZ goMoney)

• by providing a mobile number, you agree to receive text messages from ANZ Investments, and

• investments in the OneAnswer Single-Asset-Class Funds are not deposits in ANZ Bank New Zealand Limited or Australia and New Zealand Banking Group Limited or their subsidiaries (together ‘ANZ Group’), nor are they liabilities of ANZ Group. ANZ Group does not stand behind or guarantee ANZ New Zealand Investments Limited. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment.

In addition, by signing this application form, trusts and partnerships certify that:

• the trust/partnership has been duly established and is validly existing under the laws of New Zealand

• the trust/partnership has not been terminated and no event requiring the vesting of the trust’s/partnership’s assets has occurred

• all the trustees/partners of the trust/partnership have signed this application form

• all the trustees/partners are authorised to execute this application form, and

• the investment to be made in accordance with this application will not cause any limitation on the powers of the trustees/partners to be exceeded, and is in the best interests of the trust/partnership.

Continued over the page


ADVISER USE ONLY


Form 2A or Form 2B and all supporting documents have been included (as applicable).

Form 2C completed for all Trust applications.



Adviser name

FSP number



7. Signature(s) (use the space below if more signatures are required)

Name

Signature


Name

Signature


Name

Signature




ADVISER USE ONLY


Form 2A or Form 2B and all supporting documents have been included (as applicable).

Form 2C completed for all Trust applications.



Adviser name

FSP number



7. Signature(s) (use the space below if more signatures are required)

Name

Signature


Name

Signature


Name

Signature



ONEANSWER SINGLE-ASSET-CLASS FUNDSFORM 3 – DIRECT DEBIT FORM


FORM

3

1. Investor information

First name(s)

Surname

First name(s)

Surname

or Company/Trust/Partnership/Estate name:


2. What would you like to do? (tick one) I want to set up a direct debit I want to set up a one-o� direct debit I want to change the details of an existing direct debit

I want to cancel my existing direct debit

3. Is the investor the bank account holder? Yes (please complete sections 4, 5 and 6)

No (please complete section 6 and get the bank account holder to complete sections 4, 5 and 7)

4. Contribution details Contribution amount $ (minimum $50) Start date D D M M 2 0 Y Y

Frequency (tick one) one-o� fortnightly monthly quarterly

5. Bank instructions and details of the bank account holder Name of bank account holder: Bank Branch Account number Su� x

If the bank account holder is not the investor, please con� rm

his/her/their relationship to the investor: Bank and branch (hereinafter referred to as the “Bank”):

To my/our Bank Manager: I/We authorise you until further notice in writing to debit my/our account with all amounts which ANZ New Zealand Investments Limited (hereinafter referred to as the “Initiator”), the registered Initiator of the above authorisation code, may initiate by direct debit. I/We acknowledge and accept that the Bank accepts this authority only on the conditions listed on the reverse of this form.

Information to appear on my/our bank statement

I N V E S T M E N T

A N Z I N V E S T

Payer particulars Payer code

6. Investor agreementYou agree and acknowledge that any correspondence relating to this direct debit will be sent to you.

Signature


Signature


7. Agreement by the bank account holder (if not the investor)The bank account holder consents to any correspondence relating to this direct debit being sent to the investor.

Signature



Please allow 10 working days for the direct debit to be established.

AUTHORITY TO ACCEPT DIRECT DEBITS

(Not to operate as an assignment or agreement)

AUTHORISATION CODE

(user number)

0 1 0 8 4 4 5


FOR BANK USE ONLY

Date Received Recorded By Checked By Bank StampApproved

0539

09 2013

Original – Retain at Branch. Copy – Forward to Initiator if requested.


Conditions of this authority1. The Initiator:

(a) Has agreed to give advance notice of the net amount of each Direct Debit and the due date of the debiting at least 10 calendar days (but not more than 2 calendar months) before the date when the Direct Debit will be initiated. This notice will be provided in writing (including by electronic means and SMS where the Customer has provided prior written consent (including by electronic means including SMS) to communicate electronically). The advance notice will include the following message:

“Unless advice to the contrary is received from you by (date*), the amount of $……… will be directly debited to your account on (initiating date).”

* This date will be at least two (2) days prior to the initiating date to allow for amendment of Direct Debits.

(b) May, upon the relationship which gave rise to this Authority being terminated, give notice to the Bank that no further Direct Debits are to be initiated under the Authority. Upon receipt of such notice the Bank may terminate this Authority as to future payments by notice in writing to me/us.

(c) May, upon receiving an “authority transfer form” (dated after the date of this authority) signed by me/us and addressed to a bank to which I/we have transferred my/our bank account, initiate Direct Debits in reliance of that transfer form and this Authority from the account identi� ed in the authority transfer form.

2. The Customer may:

(a) At any time, terminate this Authority as to future payments by giving written notice of termination to the Bank and to the Initiator.

(b) Stop payment of any Direct Debit to be initiated under this Authority by the Initiator by giving written notice to the Bank prior to the Direct Debit being paid by the Bank.

3. The Customer acknowledges that:

(a) This Authority will remain in full force and e� ect in respect of all Direct Debits passed to my/our account in good faith notwithstanding my/our death, bankruptcy or other revocation of this Authority until actual notice of such event is received by the Bank.

(b) In any event this Authority is subject to any arrangement now or hereafter existing between me/us and the Bank in relation to my/our account.

(c) Any dispute as to the correctness or validity of an amount debited to my/our account shall not be the concern of the Bank except in so far as the Direct Debit has not been paid in accordance with this Authority. Any other disputes lies between me/us and the Initiator.

(d) Where the Bank has used reasonable care and skill in acting in accordance with this authority, the Bank accepts no responsibility or liability in respect of:

– the accuracy of information about Direct Debits on Bank statements; and

– any variations between notices given by the Initiator and the amounts of Direct Debits.

(e) The Bank is not responsible for, or under any liability in respect of the Initiator’s failure to give notice in accordance with 1(a) nor for the non-receipt or late receipt of notice by me/us for any reason whatsoever. In any such situation the dispute lies between me/us and the Initiator.

4. The Bank may:

(a) In its absolute discretion conclusively determine the order of priority of payment by it of any monies pursuant to this or any other Authority, cheque or draft properly signed by me/us and given to or drawn on the Bank.

(b) At any time terminate this Authority as to future payments by notice in writing to me/us.

(c) Charge its current fees for this service in force from time-to-time.

(d) Upon receipt of an “authority to transfer form” signed by me/us from a bank to which my/our account has been transferred, transfer to that bank this Authority to Accept Direct Debits.


FOR BANK USE ONLY

Date Received Recorded By Checked By Bank StampApproved

0539

09 2013

Original – Retain at Branch. Copy – Forward to Initiator if requested.


Conditions of this authority1. The Initiator:

(a) Has agreed to give advance notice of the net amount of each Direct Debit and the due date of the debiting at least 10 calendar days (but not more than 2 calendar months) before the date when the Direct Debit will be initiated. This notice will be provided in writing (including by electronic means and SMS where the Customer has provided prior written consent (including by electronic means including SMS) to communicate electronically). The advance notice will include the following message:

“Unless advice to the contrary is received from you by (date*), the amount of $……… will be directly debited to your account on (initiating date).”

* This date will be at least two (2) days prior to the initiating date to allow for amendment of Direct Debits.

(b) May, upon the relationship which gave rise to this Authority being terminated, give notice to the Bank that no further Direct Debits are to be initiated under the Authority. Upon receipt of such notice the Bank may terminate this Authority as to future payments by notice in writing to me/us.

(c) May, upon receiving an “authority transfer form” (dated after the date of this authority) signed by me/us and addressed to a bank to which I/we have transferred my/our bank account, initiate Direct Debits in reliance of that transfer form and this Authority from the account identi� ed in the authority transfer form.

2. The Customer may:

(a) At any time, terminate this Authority as to future payments by giving written notice of termination to the Bank and to the Initiator.

(b) Stop payment of any Direct Debit to be initiated under this Authority by the Initiator by giving written notice to the Bank prior to the Direct Debit being paid by the Bank.

3. The Customer acknowledges that:

(a) This Authority will remain in full force and e� ect in respect of all Direct Debits passed to my/our account in good faith notwithstanding my/our death, bankruptcy or other revocation of this Authority until actual notice of such event is received by the Bank.

(b) In any event this Authority is subject to any arrangement now or hereafter existing between me/us and the Bank in relation to my/our account.

(c) Any dispute as to the correctness or validity of an amount debited to my/our account shall not be the concern of the Bank except in so far as the Direct Debit has not been paid in accordance with this Authority. Any other disputes lies between me/us and the Initiator.

(d) Where the Bank has used reasonable care and skill in acting in accordance with this authority, the Bank accepts no responsibility or liability in respect of:

– the accuracy of information about Direct Debits on Bank statements; and

– any variations between notices given by the Initiator and the amounts of Direct Debits.

(e) The Bank is not responsible for, or under any liability in respect of the Initiator’s failure to give notice in accordance with 1(a) nor for the non-receipt or late receipt of notice by me/us for any reason whatsoever. In any such situation the dispute lies between me/us and the Initiator.

4. The Bank may:

(a) In its absolute discretion conclusively determine the order of priority of payment by it of any monies pursuant to this or any other Authority, cheque or draft properly signed by me/us and given to or drawn on the Bank.

(b) At any time terminate this Authority as to future payments by notice in writing to me/us.

(c) Charge its current fees for this service in force from time-to-time.

(d) Upon receipt of an “authority to transfer form” signed by me/us from a bank to which my/our account has been transferred, transfer to that bank this Authority to Accept Direct Debits.

ONEANSWER SINGLE-ASSET-CLASS FUNDSFORM 4 – TRANSACTION FORM


FORM

4

1. Investor information



Company/Partnership/Trust/Estate name


IRD number (please call Inland Revenue on 0800 775 247 for help)

Contact phone

Email

2. What would you like to do? Update your prescribed investor rate (please complete sections 3 and 6)

Change the fund(s) you invest in (please complete sections 4 and 6)

Make a lump sum payment (please complete sections 5 and 6)

3. Update your prescribed investor ratePrescribed investor rate 0% 10.5% 17.5% 28% (see the prescribed investor rate diagram at the beginning

of the application forms for help)

4. Change the fund(s) you invest in Switch your current balance to another fund(s) (complete column A)

Switch your future payments to another fund(s) (complete column B)

Switch both your current balance and future payments to another fund(s) (complete columns A and B)

A. Switch your current balance B. Switch your future payments to the following fund(s): to the following fund(s):

New Zealand Fixed Interest Fund % or $

% or $

International Fixed Interest Fund % or $

% or $

Property Securities Fund % or $

% or $

International Property Fund % or $

% or $

New Zealand Share Fund % or $

% or $

Equity Selection Fund % or $

% or $

Australian Share Fund % or $

% or $

International Share Fund % or $

% or $

Balanced Fund % or $

% or $

Total 100% or $

100% or $


1. Percentages must be whole numbers and add up to 100%.

2. If you make regular payments by direct debit, the total dollar value in column B must be the same as your existing regular payment. To increase or reduce your regular payments, please complete a new direct debit form (Form 3).

3. The minimum switch amount is $500.

or


5. Make a lump sum payment

Lump sum payment amount (minimum $500) $

Please tick one:

I have attached a cheque

I have deposited a lump sum payment via online or phone banking

See page 11–PDS for the information you need to include with your payment and the fund bank account you need to pay to. Your transaction form will be processed once we receive your payment.

If the payment is from a third party, please con� rm the relationship of the third party to the investor (e.g. parent):

Please invest my lump sum payment (tick one):

As per my existing investment selection

As indicated below









Balanced Fund $

Total $

(the total dollar value must be the same as your lump sum amount above)

6. Your agreementBy signing this transaction form, you con� rm that you have received and read the OneAnswer Single-Asset-Class Funds product disclosure statement dated 3 November 2016 and that you agree to be bound by the OneAnswer Single-Asset-Class Funds’ terms and conditions current at the time of any investment. These are set out in the guide and product disclosure statement, online register entry, application form and governing document. If signed under power of attorney, that attorney con� rms that he/she has not received notice of revocation of that power.

Signature


Signature


ADVISER USE ONLY

Adviser name

Distributorcompany name

FSP number




5. Make a lump sum payment

Lump sum payment amount (minimum $500) $

Please tick one:

I have attached a cheque

I have deposited a lump sum payment via online or phone banking

See page 11–PDS for the information you need to include with your payment and the fund bank account you need to pay to. Your transaction form will be processed once we receive your payment.

If the payment is from a third party, please con� rm the relationship of the third party to the investor (e.g. parent):

Please invest my lump sum payment (tick one):

As per my existing investment selection

As indicated below









Balanced Fund $

Total $

(the total dollar value must be the same as your lump sum amount above)

6. Your agreementBy signing this transaction form, you con� rm that you have received and read the OneAnswer Single-Asset-Class Funds product disclosure statement dated 3 November 2016 and that you agree to be bound by the OneAnswer Single-Asset-Class Funds’ terms and conditions current at the time of any investment. These are set out in the guide and product disclosure statement, online register entry, application form and governing document. If signed under power of attorney, that attorney con� rms that he/she has not received notice of revocation of that power.

Signature


Signature


ADVISER USE ONLY

Adviser name

Distributorcompany name

FSP number



AN

Z New

Zealand Investments Lim

ited 11/16 18134Contact us

Call 0800 736 034

Email [email protected]

Visit anzinvestments.co.nz

Documents

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