Our Midlands Income Wholesale Fund is a tailored investment for ‘Wholesale Investors’ only.
It provides access to our Midlands Smarter PIE Fund, but a lower fee structure and therefore higher returns for investors.
Higher returns for Wholesale Investors
5.88%*
*Annualised return, after fees but before tax for quarter ended 30 June 2026. Returns are not guaranteed & past performance is not a reliable indicator of future performance.
On Call*
Regular cash returns
No fixed investment ‘term’
Minimum $5,000
Maximum PIR (tax rate) 28%
We have the right to suspend or defer withdrawals in some particular circumstances.
See our Product Disclosure Statement for more information.
Latest Annualised Return
6.13 - 6.63%*
*Annualised return, after fees but before tax, facilitated by way of quarterly fee rebate for quarter ended 30 June 2026. Returns are not guaranteed & past performance is not a reliable indicator of future performance. Wholesale Investors only.
Notice period 30 – 90 days
Regular cash returns
No fixed investment ‘term’
Minimum $100,000
Maximum PIR (tax rate) 28%
*No PDS has been prepared for the Midlands Income Wholesale Fund – please refer to the information memorandum.
Lower Fees. Higher Returns.
Introducing the Midlands Income Wholesale Fund.
The Midlands Income Wholesale Fund invests soley into the Midlands Smarter PIE Fund, but at a lower fee structure and therefore higher returns for wholesale investors. That means your investment is backed by residential, commercial and rural property assets throughout New Zealand.
Midlands offers lower fees in exchange for a larger investment (minimum $100,000) with a 30, 60 or 90 day notice period. This is facilitated by way of a quarterly fee rebate. Returns are announced quarterly and can be paid quarterly into your nominated bank account OR reinvested into the Fund, to grow your long term wealth. It’s your choice.
WHAT IS A WHOLESALE INVESTMENT?
The Midlands Income Wholesale Fund is a wholesale investment and is only available to ‘wholesale investors’ under the Financial Markets Conduct Act 2013 (FMCA). Generally speaking, wholesale investments do not have the same level of regulation as retail investments and have fewer protections for the investor. In contrast, the Midlands Smarter PIE Fund is a highly regulated ‘retail investment’, and is therefore subject to governance, disclosure, and licensing requirements, including audits and ongoing supervision, all of which are designed to help protect retail investors.
For example, a Product Disclosure Statement is required for retail investments (including the Midlands Smarter PIE Fund) but is not required for wholesale investments. A PDS document is designed to help investors make an informed decision by outlining the key characteristics, risks and features of the investment in language suitable for an inexperienced investor.
Firms offering wholesale funds are not required to be licensed by the FMA, and wholesale funds do not normally have a licensed supervisor appointed to oversee the funds activities.
WHO IS A WHOLESALE INVESTOR?
To invest in the Midlands Income Wholesale Fund, each investor must meet the FMCA criteria to qualify as a ‘Wholesale Investor’. Wholesale Investors are defined in law and, broadly speaking, are people or organisations who are large in size or who have sufficient previous investing experience that means they don’t require the same protections as retail investors. Further information about Wholesale Investors is also available on the FMA website:
Before we can accept an investment into the Midlands Income Wholesale Fund, an investor must complete either a ‘Wholesale Investor Certificate’ or an ‘Eligible Investor Certificate’. An Eligible Investor Certificate must be confirmed by a financial adviser, lawyer or chartered accountant.
You can find Midlands Wholesale Investor Certificate and Eligible Investor Certificates here.
If you wish to invest in the Midlands Income Wholesale Fund, complete the certificate that reflects your circumstances along with the Midlands Income Wholesale Fund Application Form.
