Mint Diversified Income Fund is a diversified managed fund operated by Mint; PIE-structured; FMA risk indicator 4/7. Headline terms: annual fund charge 0.98% · minimum investment NZ$1,000 · distributions quarterly. Compared with 66 other same-category funds on this site, the 0.98% annual fund charge sits in line with the same-category median of 0.99%.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
1.01%
vs peer avg 0.89%
Risk indicator
3/7
1 = lower risk · 7 = higher risk
5-year return p.a.
1.35%
peer avg 2.19%
Fund size
NZ$41.1m
23% growth · 77% income
This is a multi-asset class Fund that offers diversification by investing across a number of asset classes both in New Zealand and internationally, including cash, fixed interest and equities (including listed property if held). The objective of the Fund is to deliver a total return (through a combination of income and capital growth) in excess of the Consumers Price Index (CPI) by 3% per annum, before fees, over the medium to long term.
Benchmark track record
Compare Diversified consistency →How Mint Diversified Income Fund performed against its own market-index benchmark each year, after fees and tax — from the FMA fund-update dataset. Historical track record, not current-year performance; past performance is not a guide to the future.
Beat its benchmark in 1 of 7 years
annual returns to 30/06/2022Since inception: 3.07% p.a. after fees & tax vs benchmark 4.75%.
How Mint Diversified Income Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Benchmark
- Composite index derived from the underlying asset classes of the Fund
- Top 3 holdings
- Mint Australasian Equity Fund (15.4%) · Cash at Bank - WBC (6.6%) · NZGB 4.50% 15/05/2030 (4.4%)
Key facts
Fund start date
31 August 2014
Min. investment
NZ$1,000
Subsequent: NZ$1,000
Distributions
Quarterly
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and Cash Equivalents | 5% | 0% | 15% |
| Fixed Interest | 65% | 40% | 90% |
| Australasian Equities (including Listed Property if held) | 20% | 0% | 30% |
| International Equities (including Listed Property if held) | 10% | 0% | 30% |
Responsible-investment approach
Responsible investment forms a core part of Mint's philosophy. Mint is a signatory of the UN-supported Principles for Responsible Investment and the Aotearoa New Zealand Stewardship Code, and a member of the Responsible Investment Association Australasia. ESG factors form a material part of the investment process for direct investments, and exclusions are set out in Mint's Responsible Investment Policy.
Exclusions
- See RI Policy for applicable exclusions
Derivatives policy
The Funds are permitted to use derivatives consistent with their investment objectives and risk profile and with Mint's Derivatives Policy. Predominantly these are forward foreign exchange contracts but can also include other derivative instruments implemented to manage portfolio risk, currency risk and to provide economic efficiency.
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- Mint Asset Management runs six active funds spanning NZ/Australian equities, listed property, fixed interest, SRI equity, and two diversified multi-asset portfolios, all with explicit outperformance objectives.
- Annual fund charges range from 0.63% (Wedge Trans-Tasman Bond Fund) to 1.21% (Mint Diversified Growth Fund), with no performance fees disclosed in the fund-level facts provided.
- Risk indicators range from 3/7 for the bond fund to 5/7 for the four equity and diversified growth funds, reflecting materially different volatility profiles across the scheme.
- The SRI Equity Fund is specifically designed to meet responsible investment criteria, distinguishing it from the other equity funds which have no stated ESG screening requirement.
Generated 2026-05-29 from Mint Asset Management Funds OMI (dated 2025-03-24). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
Scheme disclosures
From the Other Material Information (OMI) document. Scheme-level — applies to every fund in this scheme.
Trustee / Supervisor
Public Trust
Auditor
PricewaterhouseCoopers
Custodian
Mint Nominees Limited
How this fund compares to peers
Mechanical comparison vs the 67 other diversified funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
1.01%
Category median: 0.99%
Mid-pack — cheaper than 47% of peers
5y return p.a. (after fees)
+1.35%
Category median: +3.27%
Lower than most peers (bottom 13% over period)
Fund size
NZ$41.1m
Category median: NZ$57.5m
38th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$495
Compounded charge over 5 years (excl. returns)
$10 more than peer median
Read the full fee-vs-peers breakdown →
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Top 10 holdings
| Holding | % of fund |
|---|---|
| MA Mint Australasian Equity Fund | 15.39% |
| $ Cash at Bank - WBC | 6.62% |
| N4 NZGB 4.50% 15/05/2030 | 4.41% |
 Kiwibank Limited-Preference | 4.11% |
| 34 LLC 3.4% 27/10/2027 | 2.85% |
| C5 CHANN 5.8% 20/05/2027 | 2.82% |
| MA Mint Australasian Property Fund | 2.55% |
| T5 TPNZ 5.893% 03/15/2028 | 2.54% |
| C4 CHURC 4.95% 15/10/2031 | 2.49% |
| 10 10 | 2.36% |
Documents
- Quarterly Fund Update327 kB · file fingerprint recorded
- Supporting document648 kB · file fingerprint recorded
- Annual Report361 kB · file fingerprint recorded
- Statement of Investment Policy158 kB · file fingerprint recorded
- Product Disclosure Statement1853 kB · file fingerprint recorded
- Supporting document1425 kB · file fingerprint recorded
- Supporting document1205 kB · file fingerprint recorded
- Supporting document813 kB · file fingerprint recorded
Also via Sorted Smart Investor
FMA Disclose mirrors and historical files from Sorted.
- MINT DIVERSIFIED INCOME FUND (FND950) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 4.56 KB
- Mint Product Disclosure Statement October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.81 MB
- Mint Diversified Income Mar 2026.pdf The quarterly update published by the provider PDF, 326.84 KB
- Mint Stewardship Policy September 2023.pdf Stewardship Policy PDF, 1.01 MB
- Personal Account Trading&Restricted Securities 202409 final.pdf Personal Account Trading & Restricted Securities Policy PDF, 244.13 KB
- Related Parties Policy 201906.pdf Related Parties Policy PDF, 299.18 KB
- Mint Responsible Investment Policy March 2025 final.pdf Responsible Investment Policy PDF, 1.01 MB
- MINTOMI March 2025.pdf Other Material Information PDF, 779.09 KB
- Mint Statementof Investment Policy Objectives March 2025.pdf Statement of investment policy and objectives PDF, 158.12 KB
About this category
Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
About Mint
Active manager offering Australasian equities, property, diversified and SRI strategies.
See all funds from Mint →Common questions
Questions people ask about Mint Diversified Income Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
Are monthly income funds a good investment?
Whether an income fund suits your circumstances depends on your goals, time horizon, and risk tolerance. Mint Diversified Income Fund is structured to provide income through a ~77.28% allocation to income assets, with a risk indicator of 3/7 on the FMA standardised scale; review the current PDS and check FMA Disclose to understand the specific income characteristics and risks.
Is an income Fund a good investment?
Income funds serve different investor needs and carry varying risk levels depending on their asset mix. Mint Diversified Income Fund has delivered a 5-year return after fees and before tax of 1.87% p.a. as at the latest QFU; compare this with your own objectives and risk profile using the FMA Disclose register and current PDS.
What does PDS stand for?
PDS stands for Product Disclosure Statement — the document that outlines the key features, risks, fees, and terms of a managed fund. You can access Mint Diversified Income Fund's PDS via the manager's website at https://mintasset.co.nz or through the FMA Disclose register.
Head-to-head
Compare Mint Diversified Income Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified funds
Same manager
Other funds by Mint
- Mint Australasian Equity FundAustralasian Equities
- Mint New Zealand SRI Equity FundAustralasian Equities
- Mint Diversified Growth FundDiversified
FMA risk band
Same risk band (4/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
View risk band 4 funds →AI & integrations
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the Mint Diversified Income Fund?
Mint Diversified Income Fund is managed by Mint. Active manager offering Australasian equities, property, diversified and SRI strategies.
What asset class is the Mint Diversified Income Fund?
It is a diversified managed fund. The fund has a income risk profile. Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
What are the fees for the Mint Diversified Income Fund?
The annual fund charge for the Mint Diversified Income Fund is 1.01% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the Mint Diversified Income Fund?
The risk indicator is 3/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the Mint Diversified Income Fund a PIE fund?
Yes. The Mint Diversified Income Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the Mint Diversified Income Fund?
Fund size (assets under management) is NZ$41 million as at the latest Quarterly Fund Update. Asset mix is approximately 23% growth assets and 77% income assets.
What does the Mint Diversified Income Fund invest in?
The latest published top holdings are: Mint Australasian Equity Fund (0.15%), Cash at Bank - WBC (0.07%), NZGB 4.50% 15/05/2030 (0.04%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the Mint Diversified Income Fund?
The Mint Diversified Income Fund is available via Mint directly. Always read the current Product Disclosure Statement before investing.
Are monthly income funds a good investment?
Whether an income fund suits your circumstances depends on your goals, time horizon, and risk tolerance. Mint Diversified Income Fund is structured to provide income through a ~77.28% allocation to income assets, with a risk indicator of 3/7 on the FMA standardised scale; review the current PDS and check FMA Disclose to understand the specific income characteristics and risks.
Is an income Fund a good investment?
Income funds serve different investor needs and carry varying risk levels depending on their asset mix. Mint Diversified Income Fund has delivered a 5-year return after fees and before tax of 1.87% p.a. as at the latest QFU; compare this with your own objectives and risk profile using the FMA Disclose register and current PDS.
What does PDS stand for?
PDS stands for Product Disclosure Statement — the document that outlines the key features, risks, fees, and terms of a managed fund. You can access Mint Diversified Income Fund's PDS via the manager's website at https://mintasset.co.nz or through the FMA Disclose register.