# NZ Funds Income Generator

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** NZ Funds (New Zealand Funds Management Limited)
- **Asset class:** Diversified Funds
- **Risk profile:** income
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The NZ Funds Income Generator is a diversified managed fund run by NZ Funds. NZ-owned manager offering Wealth Builder strategies, Income Generator, and a series of Global and New Zealand sector portfolios.

## Fund data

- **Annual fund charge:** 1.67% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 0.90% p.a.
- **Risk indicator:** 4/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$16 million
- **Asset mix:** 98% growth assets · 2% income assets
- **Fund started:** 22 October 2020

## Top 10 holdings

1. Goldman Sachs Futures — 9.86%
2. Rio Tinto Ltd — 6.75%
3. Woolworths Group Ltd — 6.38%
4. Telstra Corp Ltd — 5.91%
5. Commonwealth Bank of Australia — 5.85%
6. Westpac Banking Corp — 5.57%
7. National Australia Bank Ltd — 5.43%
8. Transurban Group — 5.20%
9. Wesfarmers Ltd — 4.91%
10. Goodman Group — 4.78%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## How to invest

Available via: NZ Funds directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=NZ%20Funds%20Income%20Generator
- **Product Disclosure Statement:** /disclose-document/mdoc7ac00774299b90a1e2e03edac4d6570/NZ-Funds-Income-Generator-PDS-28-October-2025.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10803/OFR12958/FND20526/
- **Manager website:** https://www.nzfunds.co.nz

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

- **Canonical HTML:** https://managedfunds.nz/funds/nz-funds/income-generator/
- **Markdown (this file):** https://managedfunds.nz/funds/nz-funds/income-generator/markdown.md
- **Structured data (JSON):** https://managedfunds.nz/funds/nz-funds/income-generator/data.json
- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
- **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt

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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.