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
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour NZ Corporate Bond Fund Oct 31, 2024 |
Gross return inc. imputation credits | -0.20% | 1.55% | 11.35% | 7.15% | 3.16% | 1.93% |
| Benchmark return | -0.27% | 1.50% | 10.68% | 6.69% | 2.78% | 1.46% | |
|
Harbour NZ Corporate Bond Fund Oct 31, 2024 |
Return after fees before tax | -0.25% | 1.44% | 10.85% | 6.66% | 2.70% | 1.46% |
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 |
|||||||
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour NZ Corporate Bond Fund | 2024-11-20 | 0.9975 |
| Harbour NZ Corporate Bond Fund | 2024-10-31 | 0.9986 |
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 | 2024-09-24 | 1.33 |
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.