Fund purpose

This Fund is designed to provide income by capturing the yield from investment grade corporate bonds. It aims to outperform
the New Zealand corporate bond market. The objective of the Fund is to exceed the return of the benchmark portfolio after
fees on a rolling 12-month basis.

Fund benchmark

S&P/NZX Investment Grade Corporate Bond Total Return Index.

Investment approach

This Fund draws on the detailed credit research of the Harbour Fixed Income team, and follows a diversified, low-turnover
strategy. It aims to capture the credit and liquidity premium attached to corporate bonds, bank securities and local authority stock, which lends it a slightly higher credit risk profile relative to other fixed interest funds containing government stock.

Quick Facts

Type
 
Income, Fixed Interest
Pays distributions?
 
Yes, this Fund pays a quarterly distribution. The amount paid reflects the yield earned from the securities inside the Fund that quarter
Investment horizon
 
Medium term
Fees
 
0.45% pa - see Product Disclosure Statement for more details
Risk/return
 
Lower

Growth of $10,000 invested in Fund since inception

(Cumulative returns after fees, before tax. This includes the reinvestment of the Funds’ distributions).

Harbour NZ Corporate Bond Fund

view after fees
view before fees
Fund name 1mnth 3mnth 1 year 2 year pa 3 year pa 5 year pa

Harbour NZ Corporate Bond Fund

Oct 31, 2023

Gross return inc. imputation credits 0.12% -0.57% 3.11% -0.70% -2.40% 1.10%
Benchmark return 0.06% -0.69% 2.84% -0.96% -2.81% 0.76%

Harbour NZ Corporate Bond Fund

Oct 31, 2023

Return after fees before tax 0.10% -0.69% 2.63% -1.15% -2.85% 0.61%

Past performance is not indicative of future results. Gross returns means including imputation credits and before all fees, tax & expenses. The after fees before tax return includes the reinvestment of the Funds’ distribution. Inception 16 February 2009. The benchmark for the Fund is S&P/NZX Investment Grade Corporate Bond Total Return Index

Unit price
Previous month end price
Fund name Date Unit Price NZD
Harbour NZ Corporate Bond Fund 2023-12-07 0.9814
Harbour NZ Corporate Bond Fund 2023-11-30 0.9796

These unit prices are after fees before tax, and assume distributions are reinvested.

Fund name Date Cents per Unit NZD
Harbour NZ Corporate Bond Fund 2023-09-20 1.46

Responsible investing

We employ a strategy of integration and company engagement, meaning our team researches the companies we invest in and actively checks for any environmental, social or governance (ESG) risks that may apply. It helps our Portfolio Manager develop an understanding of each company, and influences the allocation of capital. This fund also includes negative screening to remove companies whose business activities may lead to significant harm. Zero-tolerance exclusions include the production of tobacco, nuclear explosives, cluster munitions, anti-personnel mines, pornography and controversial firearms.

Additional information on screening thresholds and processes are outlined in the exclusions section of our ESG Policy.

Investor Documents

Fund Updates contain important information for investors, covering topics such as performance, fees and holdings. They are published quarterly by all licensed fund managers under the Financial Markets Conduct Act 2013 (FMCA), and follow a standardised format. You can also view the Portfolio Holdings for this fund on the Sorted Smart Investor website. 

Fund Fact Sheets are documents we publish monthly. These do not follow a legally prescribed format.

Investment Team for this Fund

George Henderson is the Portfolio Manager

The Harbour Investment Funds Product Disclosure Statement, Statement of Investment Policy and Objectives, Other Material Information and latest collection of quarterly Fund Updates can be found in the footer of this website. These documents have been prepared in accordance with the Financial Markets Conduct Act 2013 (FMC Act). If you aren't sure about anything, we recommend you seek advice from a qualified financial advisor.