1) Raiz portfolios are made of 3 ASNB funds;
2) When will the income distribution be announced?
For all the three funds above that Raiz is investing in, it will be announced on 31 Mar 2021.
3) How much is the income distribution?
You will only know once it is announced on 31 Mar 2021.
4) How much will I get? What is the calculation? Is it pro-rated?
The calculation of the income distribution is based on the units you own as at 31 Mar 2021, regardless of when you invest. It is also not pro-rated.
The income distributed by all three funds will be re-invested as additional units into your Raiz account and will be automatically credited on 1 Apr 2021.
5) When is the last day to deposit with Raiz for me to be entitled for the income distribution?
The last day to deposit is 22 Mar (Monday) – so we can invest your money the next day (23 Mar) before the suspension period starting 24 Mar until 31 Mar 2021.
You can still make deposit to your Raiz account as usual during this suspension period (24 – 31 Mar 2021), but it will only be invested on 1 Apr 2021.
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The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product.
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The past return performance of the Raiz product should not be relied on for deciding to invest in Raiz and is not a good predictor of future performance.
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