TOWER Global Fund Fund Profile Sheet
Risk Indicator

Description of the Fund

The Fund provides exposure to international shares. Shares in companies are acquired on the basis of their current market price and potential ability to generate returns in the long term.

The Fund may gain its investment exposure by investing into other managed funds, including other funds managed by a company in the Fisher Funds Group.

As at 27 June 2013, the Fund gains investment exposure to emerging market shares via the PFD Somerset Emerging Markets Dividend Growth Fund, a managed fund of which Somerset Capital Management LLP is the investment manager.

For more information on Somerset Capital Management LLP, please visit http://somersetcm.com/.

Foreign currency exposure arising from the Fundís investments in international shares, whether direct or indirect, is usually 70% hedged back to New Zealand dollars, however actual hedging levels may vary away from this benchmark at times within a permitted range of 0-100% to New Zealand dollars (in each case on a net of tax basis using the prevailing top Prescribed Investor Rate). Please refer to the Investment Statement for more information.

This Fund has been a portfolio investment entity from 1 October 2007 (more specifically, what is now called a multi-rate PIE (PIE)). For information on PIEs, please refer to the Investment Statement or please click here.

Objective of the Fund

To achieve capital growth by actively investing in a diversified portfolio of international equities.

The performance objective is to outperform the MSCI All Country World Index (Net).

Who is the Fund Suitable For?

Investors who seek an aggressive portfolio approach to investing in international sharemarkets.

Investment Statement

Before you make a decision to invest, please read the TOWER Investment Series Investment Statement and then complete the application form found at the back of the investment statement.  Click here for minimum investment information for investments made prior to 1 November 2005.

Note: all fees in the Investment Information table below are stated as a percentage of funds under management except for the Entry Fee which is a percentage of your initial investment and any subsequent invest and the Trustee Fee which is a percentage of the Fund's gross asset value.

Fund particulars

Launched:November 1985
Fund type:Unit Trust

Investment Information

Entry Fee (excluding GST):Up to 5.50%
Exit Fee (excluding GST):Nil
Management Fee (p.a. excluding GST):1.50%
Custody Fee (p.a. excluding GST):0.02%
Trustee Fee (p.a. excluding GST):0.07% (subject to a minimum fee of $3,000 p.a.)
Minimum Investment:$5,000
Minimum Additional Investment:$1,000
Minimum Regular Investment (per month):$250
Minimum Withdrawal:$500
Minimum Account Balance:$5,000

Portfolio breakdown as at 31 December 2013+

The chart will appear within this DIV. This text will be replaced by the chart.
 

+The portfolio breakdown above is updated monthly and may change slightly during the month.

Fund performance as at 31 December 2013*

3 months:5.29%
1 year:21.45%
3 years (p.a.):7.83%
5 years (p.a.):10.23%
7 years (p.a.):2.79%
Since inception (p.a.):5.15%

* Data used prior to 1 October 2007 was calculated after tax and management fees but before entry fees which may vary between investors. Data used from 1 October 2007 is calculated before tax and entry fees but after management fees. Performance figures have been annualised for periods greater than 1 year. Distributions, if any, are assumed to be reinvested. Returns are in NZ dollars. Investors are reminded that past performance is not necessarily indicative of future returns.

Value of $10,000 invested since November 1985 as at 31 December 2013

Data used prior to 1 October 2007 was calculated after tax and management fees but before entry fees which may vary between investors. Data used from 1 October 2007 is calculated before tax and entry fees but after management fees. Distributions, if any, are assumed to be reinvested. Returns are in NZ dollars. Please note that the chart's vertical axis does not begin at $0. Investors are reminded that past performance is not necessarily indicative of future returns.

Disclaimer

This information may not be reproduced or distributed to any other person.  It is not a securities recommendation, nor does it contain financial advice nor is it intended to provide advice to investors. In preparing this information, no individual investor's personal circumstances have been taken into account. This document should not be relied upon as the basis for an investment decision. Investors considering investing in the Fund must obtain a copy of the current Investment Statement and are advised to consult their financial adviser (their financial adviserís disclosure statement is available on request and free of charge). Neither TOWER Managed Funds Limited, the Trustee, nor any other person or company guarantees or promises the repayment of, or returns on, investments in the Fund.


For more information please talk to your financial adviser, email us at investments@tower.co.nz or call us on 0800 379 372.

© 2013 TOWER Managed Funds Limited and its related companies. All rights reserved.