Carbon Fund 2020 Annual Report

Salt Listed Funds





Annual Report
For the period ended 31 March 2020

Salt Listed Funds Annual Report
2



1.0 - DETAILS OF SCHEME
Name of Scheme
Salt Listed Funds (‘Scheme’)

Type of Scheme
Managed Fund

Name of Manager
Salt Investment Funds Limited

Name of Supervisor
The New Zealand Guardian Trust Company Limited

Date and Status of Latest PDS
30 June 2020 and open for applications

Latest Fund Updates for Scheme
The latest fund update for the Carbon Fund is dated 31 March 2020

Latest Financial Statements
The Scheme’s latest financial statements are for the financial year ended 31 March 2020. Those financial statements, and the
auditor’s report on those financial statements, were lodged with the Registrar of Financial Service Providers on 30 June 2020. The
financial statements and auditor’s report are available on the scheme register at www.companiesoffice.govt.nz/disclose


2.0 - INFORMATION ON CONTRIBUTIONS & SCHEME PARTICIPANTS
Number of Managed Investment Products (units) on issue:


1 April 2019 31 March 2020
Carbon Fund 1,527,333 4,990,691

3.0 - CHANGES RELATING TO THE SCHEME
No material changes were made to the scheme during the 2020 accounting period.

4.0 - OTHER INFORMATION FOR PARTICULAR TYPES OF MANAGED FUNDS
The unit prices for the Fund at the initial issue and allotment date and the end of the accounting period are shown below:


1 April 2019 31 March 2020
Carbon Fund 1.0125 0.9544
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Table of contents
1.0 Details of Scheme
2.0 Information on contributions & Scheme participants
3.0 Changes relating to the Scheme
4.0 Other information for particular types of managed fund
5.0 Changes to persons involved in the Scheme
6.0 How to find further information
7.0 Contact details & complaints

Salt Listed Funds Annual Report
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5.0 - CHANGES TO PERSONS INVOLVED IN THE SCHEME
During the accounting period, Paul Turnbull was appointed as Chief Investment Officer of Salt Funds Management
Limited, effective 17 June 2019.

There were no changes to the Scheme’s Supervisor.

There were no changes in control (within the meaning of clause 48 of Schedule 1 of the FMCA) of the Manager during
the accounting period.

6.0 - HOW TO FIND FURTHER INFORMATION
Further information relating to the Scheme, including financial statements, PDS, annual reports, quarterly fund
updates, the master trust deed and establishment deed for the Fund, and SIPO, is available on the offer register (offer
number OFR12502) and the scheme register (scheme number SCH12498) free of charge at www.companiesoffice.govt.
nz/disclose

A copy of the information on the offer register or scheme register is available on request from the Registrar of Financial
Service Providers.

You may also receive a statement of the units held within 14 days of allotment of your investment.

Quarterly fund updates and the information on the offer register or scheme register can also be obtained, free of
charge from our website www.carbonfund.co.nz and on request to info@carbonfund.co.nz.

You can inspect documents we hold that are relevant to you, and other documents legally required to be provided to
you, at our offices during normal business hours, or request an extract of those documents, by written request to us.
These will be provided free of charge. Direct investors in the Fund can also obtain an estimate of unit holdings in the
same way.

You can find general information about us, Salt Funds Management Limited, and the investment management team on
our website at www.saltfunds.co.nz.

7.0 - CONTACT DETAILS & COMPLAINTS
Manager
Salt Investment Funds Limited
Level 3, 44 Queen Street, 1010
PO Box 106-587,
Auckland 1143
09 869 2933

Supervisor
The New Zealand Guardian Trust Company
Limited Level 14, 191 Queen Street, 1010
Auckland
09 909 5100 or 0800 87 87 82

Securities Registrar
Link Market Services Limited
PO Box 91976, Auckland, 1142
Level 11, Deloitte Centre, 80 Queen Street, 1010
Auckland
09 375 5990

Complaints
Queries or complaints about units in the Fund, the offer of units, or the Scheme can be made to:
Salt Investment Funds Limited
PO Box 106-587, 1143
Auckland
Attn: Operations Manager
Phone: 09 869 2933
Email: info@carbonfund.co.nz

You can also lodge a complaint with the Supervisor at the contact details provided above.

We and the Supervisor are each a member of an approved dispute resolution scheme operated by Financial Services
Complaints Limited (FSCL). If you have complained to us and you have reached the end of our internal complaints
process without your complaint being resolved to your satisfaction, FSCL may be able to consider your complaint. FSCL
will not charge a fee to any complainant to investigate or resolve a complaint.

You can contact FSCL at:
Financial Services Complaints Limited
PO Box 5967, 6145
Wellington
Phone: 0800 347 257
Email: complaints@fscl.org.nz