PIEs on NZSX

[fungus pudding]

Where can I find a list of PIEs among NZX listings? Obviously the listed property trusts are (not that any of their web sites say so) - but is there a list of others somewhere?

[alokdhir]

All Smartshares Index funds and KFL , MLN , BRM are also listed PIEs

[777]

Just the property companies and the Fisher three that I know of. Some of SPG is a dividend rather than a PIE distribution. Something to do with stapled securities which I don't fully understand.

[iceman]

I invest in a few Smartshare ETFs and they are all PIEs

[fungus pudding]

I invest in a few Smartshare ETFs and they are all PIEs

Yet there is no mention of this on their website - or on any other websites as far as I can see.

[iceman]

Yet there is no mention of this on their website - or on any other websites as far as I can see.

It is silly how difficult it is to find but in the "product disclosure statement" on their website, this is what it says:
"How will your investment be taxed?
Each fund is a listed portfolio investment entity (PIE).
As a listed PIE, each fund will pay tax on taxable income
at the rate of 28%. See section 6 for more information."

[SBQ]

It is silly how difficult it is to find but in the "product disclosure statement" on their website, this is what it says:
"How will your investment be taxed?
Each fund is a listed portfolio investment entity (PIE).
As a listed PIE, each fund will pay tax on taxable income
at the rate of 28%. See section 6 for more information."

Is that flat rate 28%? I was under the assumption PIEs pay tax at RWT of UP TO 28% max. ?

[777]

Is that flat rate 28%? I was under the assumption PIEs pay tax at RWT of UP TO 28% max. ?

No. All listed PIE's pay at 28%.

[fungus pudding]

It is silly how difficult it is to find but in the "product disclosure statement" on their website, this is what it says:
"How will your investment be taxed?
Each fund is a listed portfolio investment entity (PIE).
As a listed PIE, each fund will pay tax on taxable income
at the rate of 28%. See section 6 for more information."

It's more than silly. It doesn't help the company or the shareholders to make it so difficult to find.

[SBQ]

It's more than silly. It doesn't help the company or the shareholders to make it so difficult to find.

Lol well as I mentioned before, taxation is never 'openly' discussed by NZ financial advisors, then why should the various managed funds be transparent about the whole tax situation?

I'm shocked to see how a PIE fund pays 28% considering the NZ public companies (who these managed funds hold) also pay a corporate tax rate of 28%. Doesn't seem a lot is left over for the individual investor after taxes and fund management fees take their cut.