** 20. Interval at which Daily Daily participatory interests are priced Distributions For the Income Multifund there are All income distributed regularly or distribution and accumulation reinvested at option of the classes of shares. The distribution class pays quarterly distributions. For the Balanced and Growth Multifunds there is no distribution of income (i.e. all income stay within the portfolio as part of NAV) ** 22. Switching Allowed charges differ Allowed charges differ – – ** 23. Pledging of securities The Directors have determined Allowed only for purposes of (See 10) that securities will not be pledged borrowing (refer to borrowing in for investment purposes par 10 above) Allowed only for purposes of short term borrowing. ** 24. lending Although allowed for Allowed, may not exceed 50% of investments” the fund market value the portfolio, plus “permitted will not enter into securities other conditions as prescribed in lending transactions Deed. Scrip borrowing The fund will not enter into securities borrowing transactions Not allowed ** 25. Certificates, if issued and Shares will be in non-certificated needed for redemption Issued on request and registered form. 26. Reporting to supervisory Requirement to report quarterly Quarterly and annually authority and annually in addition to adhoc reporting eg reporting of breaches 27.Inspection powers by Yes Yes supervisory authority ** 28. Reporting to investors Semi-annual (unaudited) and Annually annual (audited) financial statements. ** 29. Legal structure if different Open Ended Investment Company Collective Investment Scheme, from trust whether trust based or Open Ended Investment Company
** 20. Interval at which participatory interests are priced Daily Daily Distributions For the Income Multifund there are distribution and accumulation classes of shares. The distribution class pays quarterly distributions. For the Balanced and Growth Multifunds there is no distribution of income (i.e. all income stay within the portfolio as part of NAV) All income distributed regularly or reinvested at option of the ** 22. Switching Allowed – charges differ Allowed – charges differ ** 23. Pledging of securities (See 10) The Directors have determined that securities will not be pledged for investment purposes Allowed only for purposes of short term borrowing. Allowed only for purposes of borrowing (refer to borrowing in par 10 above) ** 24. lending Scrip borrowing Although allowed for “permitted investments” the fund will not enter into securities lending transactions The fund will not enter into securities borrowing transactions Allowed, may not exceed 50% of market value the portfolio, plus other conditions as prescribed in Deed. Not allowed ** 25. Certificates, if issued and needed for redemption Shares will be in non-certificated and registered form. Issued on request 26. Reporting to supervisory authority Requirement to report quarterly and annually in addition to adhoc reporting eg reporting of breaches Quarterly and annually 27.Inspection powers by supervisory authority Yes Yes ** 28. Reporting to investors Semi-annual (unaudited) and annual (audited) financial statements. Annually ** 29. Legal structure if different from trust Open Ended Investment Company Collective Investment Scheme, whether trust based or Open Ended Investment Company
NIMF%20-%20List%20of%20Similarities%20and%20Diffirences%20(Marketing).docx