Carbon Fund — Annual Report 2021

Jun 30, 2021

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Salt Listed Funds

Annual Report For the year ended 31 March 2021

Table of contents

1.0	Details of Scheme	2
2.0	Information on contributions & Scheme participants	2
3.0	Changes relating to the Scheme	2
4.0	Other information for particular types of managed fund	2
5.0	Changes to persons involved in the Scheme	3
6.0	How to find further information	3
7.0	Contact details & complaints	3

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

12 March 2021 and open for applications

Latest Fund Updates for Scheme

The latest fund update for the Carbon Fund is dated 31 March 2021

Latest Financial Statements

The Scheme’s latest financial statements are for the financial year ended 31 March 2021. Those financial statements, and the auditor’s report on those financial statements, were lodged with the Registrar of Financial Service Providers on 30 June 2021. 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 2020	31 March 2021
Carbon Fund	4,990,691	10,300,243

3.0 - CHANGES RELATING TO THE SCHEME

On the 12th March 2021 the Product Disclosure Statement (PDS) was amended to include the following changes:

• i. Insertion of section 11. Important information for Australian investors, and

• ii. Addition of Australian Financial Complaints Authority under section 8 for any Australian investors to make complaints to.

You can obtain a copy of the latest PDS, which reflects these changes, from our website at www.carbonfund.co.nz

4.0 - OTHER INFORMATION FOR PARTICULAR TYPES OF MANAGED FUNDS

The unit prices for the Fund within the Scheme at the beginning and end of the accounting period are shown below:

	1 April 2020	31 March 2021
Carbon Fund	0.9544	1.3147

Salt Listed Funds Annual Report

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5.0 - CHANGES TO PERSONS INVOLVED IN THE SCHEME

There were no changes to the Scheme’s Manager.

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, 1143 Auckland 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

Salt Listed Funds Annual Report

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You can lodge a complaint with us:

Call : 09 967 7276 during normal business hours Email : info@saltfunds.co.nz

Write to : Salt Investment Funds Limited, PO Box 106-587, Auckland, 1143

You can lodge a complaint with the Supervisor:

Call : 09 909 5100 or 0800 87 87 82 during normal business hours Write to : Level 14, 191 Queen Street, Auckland

You can lodge a complaint with our independent dispute resolution scheme:

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. Call : 0800 347 257 during normal business hours Email : complaints@fscl.org.nz Write to : Financial Services Complaints Limited, PO Box 5967, Wellington 6145

If you are an Australian resident, instead of complaining to FSCL, you may lodge a complaint with:

The Australian Financial Complaints Authority (AFCA) Australian Financial Complaints Authority GPO Box 3, Melbourne VIC 3001 Call : 1800 931 678 (free call) Email : info@afca.org.au Online : www.afca.org.au

AFCA will not charge a fee to any complainant to investigate or resolve a complaint. Time limits may apply to complaints to FSCL or AFCA and so you should act promptly or otherwise consult the FSCL and AFCA websites to find out if or when the time limit relevant to your circumstances expires.

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