Fund purpose
This Fund is designed as a short term, higher liquidity and lower volatility investment option. The objective of the Fund is to outperform the benchmark of the portfolio by 85 basis points per annum over a rolling 3-year period.
Fund benchmark
S&P/NZX Bank Bills 90-Day Index.
Investment Approach
This Fund holds liquid money market securities, NZ Government stock, corporate bonds and term deposits. It aims to generate returns in two ways: using Harbour's research-driven process to capture the higher yield that longer term securities can offer, then actively managing liquidity and interest rate exposure so funds are available when investors need them.
Quick Facts
Type |
|
Fixed interest |
Investment horizon |
|
Short or medium term |
Fees |
|
0.25%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).
Harbour Enhanced Cash Fund Performance
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour Enhanced Cash Fund | 2024-12-19 | 1.4796 |
| Harbour Enhanced Cash Fund | 2024-11-29 | 1.4752 |
These unit prices are after fees before tax. |
||
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour Enhanced Cash Fund Nov 30, 2024 |
Gross return inc. imputation credits | 0.46% | 1.44% | 6.66% | 6.26% | 4.60% | 3.35% |
| Benchmark return | 0.40% | 1.31% | 5.68% | 5.47% | 4.28% | 2.77% | |
|
Harbour Enhanced Cash Fund Nov 30, 2024 |
Return after fees before tax | 0.41% | 1.36% | 6.39% | 5.99% | 4.33% | 3.08% |
Past performance is not indicative of future results. Gross returns means including imputation credits and before all fees, tax & expenses. Inception: 27 April 2012. The Harbour NZ Short Duration Fund (Wholesale) transitioned to the Harbour Enhanced Cash Fund on 1 August 2019. Returns from 1 August 2019 onward are a combination of both funds. Benchmark: S&P/NZX Bank Bill 90-day Index. |
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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.
The Harbour Enhanced Cash Fund, prior to 31 July 2019, was formerly the wholesale Harbour NZ Short Duration Fund. This Fund transitioned to the Harbour Enhanced Cash Fund on 1 August 2019.