Fund purpose

The Fund is designed to deliver positive absolute returns through the economic cycle with low volatility and low correlation of returns with equity markets.

Fund benchmark

The Fund is not managed in relation to a benchmark. However, we report performance against: S&P/NZX Bank Bills 90-Day Index plus 2%.

To calculate the risk indicator we use: 15% S&P/NZX 50 Index; 15% S&P/ASX 200 Index & 70% S&P/NZX Bank Bills 90-Day Index.

Investment approach

The Fund principally holds 'long' and 'short' positions in listed Australasian equities reflecting our conviction in their likelihood of providing medium to long term capital growth. We can actively allocate investments between Australasian listed equities, fixed interest and cash. The Fund may also use derivatives to hedge currency and equity risk.

Quick Facts

Type
 
Equity
Investment horizon
 
Long term
Fees
 
0.99%pa*
Risk/return
 
Medium

*may pay a performance fee, see Product Disclosure Statement for more details

Growth of $10,000 invested in Fund since inception

(cumulative returns after fees, before tax).

Harbour Long Short Fund Performance

Unit price
Previous month end price
Fund name Date Unit Price NZD
Harbour Long Short Fund 2024-06-13 1.3163
Harbour Long Short Fund 2024-05-31 1.3212

These unit prices are after fees before tax.

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

Harbour Long Short Fund

May 31, 2024

Gross return inc. imputation credits 1.53% 4.01% 7.28% 4.61% 3.87% 8.11%
Benchmark return 0.15% 1.59% 6.33% 5.05% 3.58% -

Harbour Long Short Fund

May 31, 2024

Return after fees before tax 1.43% 3.73% 6.09% 3.50% 2.38% -

Past performance is not indicative of future results. Gross returns means including imputation credits and before all fees, tax & expenses. Inception: 03 January 2019. Performance Benchmark: S&P/NZX Bank Bills 90-Day Index plus 2%. Market Index is 15% S&P/NZX50 Index; 15% S&P/ASX 200 Index & 70% S&P/NZX Bank Bills 90-Day Index.

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

Craig Stent is the Portfolio Manager

Craig Stent, CFA
Executive Director, Head of Equities
Øyvinn Rimer
Director, Senior Research Analyst

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.