MyFarm KiwiFruit Fund vs MyFarm Solar Fund

The most material structural difference between these two MyFarm Investments funds is their underlying asset class and associated risk-return profile: the KiwiFruit Fund holds agricultural property — horticultural land and orchards — while the Solar Fund invests in renewable energy infrastructure, specifically solar assets. This distinction drives meaningfully different return mechanics. The KiwiFruit Fund targets "long-term total return, including cash distributions and capital growth, of 10% p.a.," blending income and appreciation. The Solar Fund targets "forecast cash distributions of 10-12% p.a., paid quarterly," and layers in a tax-efficiency argument — "with depreciation benefits, estimated to be the equivalent of an average 15% p.a. return on a fully taxable investment, from years two to ten, assuming a tax rate of 33%" — making the gross-equivalent comparison between funds non-trivial.

Scale differs substantially: the KiwiFruit Fund reports AUM of approximately NZD 210 million against the Solar Fund's NZD 13.9 million, which launched in June 2025 and carries the track-record limitations of a newer vehicle. The Solar Fund discloses a maximum LVR of 35%; the KiwiFruit Fund's IM does not specify an LVR cap. The KiwiFruit Fund discloses quarterly redemptions; the Solar Fund's IM does not specify a redemption mechanism. The Solar Fund states a minimum investment of NZD 50,000; the KiwiFruit Fund does not disclose a minimum in the extracted facts. Both funds are wholesale-only, AIP-eligible, distribute quarterly, and share the same manager and FSP registration.

Verify all details against the source IM or PDS before relying on any of this comparison.