Fund Overview
PMG Generation Fund is a New Zealand retail-offer property investment vehicle managed by PMG Funds. Structure: Managed investment scheme constituted as a unit trust; multi-rate PIE for tax purposes; FMCA-registered MIS (Scheme Number SCH12827). The manager states a target/forecast of: Manager states target gross cash distribution of 6.00 cents per unit per annum (1 April 2022 to 31 March 2023), equating to a projected gros (target only — not a forecast or guarantee; capital is at risk).
Asset Class
Property
Structure
Managed investment scheme constituted as a unit trust; multi-rate PIE for tax purposes; FMCA-registe
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Fund Documents
Documents are published by the issuer. Review the current version in full and seek independent advice before investing.
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Quick Info
This information is for wholesale investors only and does not constitute financial advice. All investments carry risk. Please seek professional advice before making investment decisions.
Frequently Asked Questions
What is PMG Generation Fund?
PMG Generation Fund is a New Zealand retail-offer property investment vehicle managed by PMG Funds. Structure: Managed investment scheme constituted as a unit trust; multi-rate PIE for tax purposes; FMCA-registered MIS (Scheme Number SCH12827). The manager states a target/forecast of: Manager states target gross cash distribution of 6.00 cents per unit per annum (1 April 2022 to 31 March 2023), equating to a projected gros (target only — not a forecast or guarantee; capital is at risk).
Who manages PMG Generation Fund?
PMG Generation Fund is managed by PMG Funds (FSPR FSP117931, NZBN 9429031593229) based in Auckland. Manager registration on the Financial Service Providers Register is a legal requirement under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and does not itself constitute an endorsement.
What asset class is PMG Generation Fund?
PMG Generation Fund is classified as Property on Wholesale Investor NZ. Asset-class classification reflects the fund's stated investment focus per its Information Memorandum and is provided for navigation purposes only — review the IM for the full strategy and risk profile.
Is PMG Generation Fund evergreen or a closed-end fund?
PMG Generation Fund is a closed-end fund — it raises capital during a defined vintage window and runs to fund maturity. Capital is typically returned via distributions during operation and a final wind-up at fund maturity. Check whether a current vintage is open before applying.
What is the minimum investment in PMG Generation Fund?
The minimum investment is NZ$1K per the fund's current Information Memorandum. Minimums may change for new vintages or at manager discretion — confirm the current minimum directly with the manager before subscribing.
Is PMG Generation Fund a PIE fund?
PMG Generation Fund is structured as a Portfolio Investment Entity (PIE). PIE distributions are tax-paid at the investor's Prescribed Investor Rate (PIR), capped at 28% per Inland Revenue's PIE rules. PIRs are 10.5%, 17.5%, or 28% depending on the investor's prior-year taxable income. The PIE structure is generally favourable for investors whose marginal tax rate is above 28% (currently above NZ$78,100 of taxable income).
What is the target return for PMG Generation Fund?
Per the fund's current Information Memorandum, the target return is: "Manager states target gross cash distribution of 6.00 cents per unit per annum (1 April 2022 to 31 March 2023), equating to a projected gross cash distribution return of 5.26% p.a. on the $1.14 offer price. Distributions are not guaranteed and may vary.". Target returns are forward-looking projections set by the manager and are not guarantees of future performance. Actual returns may differ materially from target. Review the IM's full target-return language, fee deductions, and accompanying risk factors before relying on this figure.
Where can I read the IM or PDS for PMG Generation Fund?
PMG Generation Fund has a public Product Disclosure Statement (PDS) linked from its Wholesale Investor NZ profile page. Documents are sourced from the manager's own published disclosures. Some wholesale funds gate full disclosure behind a wholesale-investor self-certification — review the document index on the fund page and contact the manager if a specific document is not surfaced.