MyFarm KiwiFruit Fund

The MyFarm KiwiFruit Fund is an opportunity for wholesale investors to invest in a diversified portfolio of established SunGoldTM kiwifruit orchards and Zespri shares, that is targeting a long-term total return of 10% p.a.*

With a combined asset value of over $217 million, MyFarm KiwiFruit Fund is one of New Zealand’s largest kiwifruit investments. Investors in the Fund will share in the ownership of 17 orchards (159 hectares) located across Bay of Plenty and Northland, and planted almost exclusively (98%) in SunGoldTM.** The Fund has ambitions to continue to build on its position as Zespri's second largest shareholding entity – with an aim to invest up 15% of its assets in these historically-lucrative shares.

The Fund is currently seeking $35 million of new capital to support its growth objectives: to acquire a further 3.1 million Zespri shares and to buy and develop additional SunGold orchards.

The kiwifruit industry is undoubtedly one of New Zealand’s best export success stories, with exports forecast to continue to grow to an estimated $3.9 billion in 2025.[1] SunGold is New Zealand’s most productive, most profitable kiwifruit variety – providing the potential for high grower returns.

By virtue of its size, one of the Fund’s standout features is its eligibility and capability to take a significant shareholding in Zespri – the world’s largest marketer of kiwifruit. Only growers can invest in these shares, which have a track record of paying gross dividends in the range of 15-20% p.a.

The MyFarm KiwiFruit Fund is an Acceptable Managed Fund for Active Investor Plus Visa applicants.

Investment Highlights.

• An investment in a portfolio of 17 SunGold kiwifruit orchards located in Bay of Plenty and Northland and a significant holding of Zespri shares (ZGL).
• Targeted total return, including capital growth, of 10% p.a.* over the long-term. In its first financial year, the Fund produced a total return of 12.8% (including a cash distribution of 4.5% on annualised basis).
• Targeted long-term cash distributions of 6 -9% p.a. In Financial Year ‘26, the Fund is targeting distributions of 6.0-7.0% p.a. based on price of a $1.00 per Unit.
• Cash returns will be driven by orchard profitability and income from shares in Zespri Group Limited.
• Tax benefits: from depreciation of SunGold licence and imputation credits. As an illustration, for investors on a 33% tax rate, a cash distribution of 7.5% p.a. is estimated to be the equivalent of a 9.6% p.a. return on a fully taxable investment.
• The Fund provides a range of liquidity options: Investors successfully traded over 5 million Units in the 12 months to 31^st August 2025.
• Minimum investment in new Units $250,000.
• Available to wholesale investors only.
• The Fund is an Acceptable Managed Fund for Active Investor Plus Visa applicants.

It’s fair to say we’re excited about the Fund’s track record and future potential. The scale of the Fund provides significant benefits for investor returns:

• Access to multiple revenue streams: orchard income and dividends from Zespri shares. The Fund aims to own up to 6.7 million Zespri shares or 15% of its total asset value, whichever is greater. As of today, the Fund already owns 3.64 million shares, making it Zespri’s second largest shareholding entity.
• Potential to provide consistent returns. Geographic diversification means capital expenditure costs are spread across a bigger base – as are the risks from weather and other one-off events.
• Economies of scale. Reduced costs, including financing and overheads, due to the scale of the Fund.
• Strategic agility. Potential to keep improving the quality of the portfolio by reinvesting in existing orchards or trading up (selling and buying orchards).

The MyFarm KiwiFruit Fund is open to wholesale investors - it is not available for retail investors.

To request the Private Placement Memorandum and Opportunity Overview for this Offer, click on the "Request Information Memorandum" button on the right-hand side of the screen.

Please watch the Offer video by clicking on the tile below.

If you would like to talk through the details of the KiwiFruit Fund, please feel free to contact us.