The Foundation Series Hedged US 500 Fund (the Fund) is a PIE-compliant New Zealand-domiciled fund with investment management undertaken by InvestNow Saving and Investment Service (InvestNow). FundRock NZ Limited is the issuer and manager of the Fund. The Fund is registered as an offer within a Managed Investment Scheme under the Financial Markets Conduct Act 2013 and is regulated by the FMA.
The Fund aims for high long-run returns by investing in an Exchange-Traded Fund that invests in shares of the largest companies listed on stock markets in the United States.
The Fund’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term.
The Fund aims to have all foreign currency exposure hedged to the New Zealand dollar.
The Fund’s investment benchmark is the Morningstar US Target Market Exposure TR Hedged NZD Index.
