Fund purpose
This Fund is designed as a risk-diversifier for those who may already hold riskier assets (such as equities or property). It aims to generate returns over and above the New Zealand fixed interest market. The objective of the Fund is to outperform the benchmark by 100 basis points per annum over a rolling 3-year period.
Fund benchmark
Bloomberg NZBond Composite 0+ Yr Index.
Investment approach
This Fund is built to generate returns through investing primarily in a mix of New Zealand Government and corporate fixed interest securities. The Fund is actively managed, which means the Fixed Income team is able to use Harbour's macroeconomic and security research to make active investment decisions and target additional returns or hedge against risks.
Quick Facts
Type |
|
Fixed Interest |
Pays distribution? |
|
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 |
|
0.63% pa - see Product Disclosure Statement for more details |
Risk/return |
|
Medium |
Growth of $10,000 invested in Fund since inception
(Cumulative returns after fees, before tax. This includes the reinvestment of the Fund's distributions).
Harbour NZ Core Fixed Interest Fund
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour NZ Core Fixed Interest Fund Nov 30, 2024 |
Gross return inc. imputation credits | 0.72% | 1.01% | 9.61% | 6.33% | 2.45% | 1.54% |
| Benchmark return | 0.57% | 0.70% | 8.04% | 5.05% | 1.34% | 0.22% | |
|
Harbour NZ Core Fixed Interest Fund Nov 30, 2024 |
Return after fees before tax | 0.67% | 0.87% | 8.91% | 5.65% | 1.77% | 0.87% |
Past performance is not indicative of future results. Inception: 24 May 2011. Benchmark: Bloomberg NZBond Composite 0+ Yr Index, effective 1 January 2019. Prior benchmark was 50/50 weighted average of S&P/NZX Govt Bond Index & S&P/NZX A-Grade Corporate Bond Total Return Index. Return before fees & tax is for the wholesale fund, into which this fund invests. |
|||||||
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour NZ Core Fixed Interest Fund | 2024-12-19 | 1.0162 |
| Harbour NZ Core Fixed Interest Fund | 2024-11-29 | 1.0286 |
These unit prices are after fees before tax, and assume distributions are reinvested. |
||
| Fund name | Date | Cents per Unit NZD |
|---|---|---|
| Harbour NZ Core Fixed Interest Fund | 2024-12-18 | 1.19 |
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
Mark Brown 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.