TOWER BondPlus Fund Fund Profile Sheet
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Description of the Fund

The Fund is widely diversified across the world's financial markets for cash, bonds, and foreign currencies. It predominantly invests in international fixed income securities including sovereign debt, agency debt, corporate credits, asset-backed securities and mortgage-backed securities.

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 via the PIMCO Cayman Global Bond (NZD-Hedged) Fund, a managed fund of which Pacific Investment Management Company LLC (PIMCO) is the investment manager, and a segregated pool of assets of which Wellington International Management Company Pte Ltd (Wellington) is the investment manager.

For more information on PIMCO or Wellington, please visit www.pimco.com and www.wellington.com respectively.

The Fundís foreign currency exposure is targeted to be 100% hedged back to the New Zealand dollar on a net of tax basis.

This Fund is a multi-rate Portfolio Investment Entity (PIE). For information on PIEs, please refer to the Investment Statement or please click here.

Objective of the Fund

To maximise long-term total returns subject to risks normally associated with investing in fixed interest securities, money markets and foreign exchange markets.

The performance objective is to outperform the Barclay's Capital Global Aggregate Bond Index (100% hedged in New Zealand dollars).

Who is the Fund suitable for?

Investors who seek fixed income diversification through international exposure.

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 investments and the Trustee Fee which is a percentage of the Fundís gross asset value.

Fund particulars

Launched:September 1990
Fund type:Unit Trust

Investment Information

Entry Fee (excluding GST):Up to 1.50%
Exit Fee (excluding GST):Nil
Management Fee (p.a. excluding GST):1.05%
Custody Fee (p.a. excluding GST):0.02%
Trustee Fee (p.a. excluding GST):0.07%
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+

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

Fund performance as at 31 December 2013*

3 months:1.47%
1 year:0.45%
3 years (p.a.):7.66%
5 years (p.a.):9.31%
7 years (p.a.):6.94%
Since inception (p.a.):5.60%

* 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 October 1990 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. Note: Prior to 14/01/03 the Fund invested into New Zealand bond securities rather than global securities.

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.