Objective

This Fund is designed as a short term, higher liquidity and lower volatility investment option. It aims to utilise Harbour’s research to generate returns over and above the New Zealand cash rate.

Investment Approach

The fund holds liquid money market securities, NZ Government stock, corporate bonds and term deposits. It aims to generate returns in two ways: using our research-driven process to capture the higher yield that longer term securities can offer, then actively managing liquidity and interest rate exposure so your funds are available when you 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

Unit price
Previous month end price
Fund name Date Unit Price NZD
Harbour Enhanced Cash Fund 2019-10-17 1.2665
Harbour Enhanced Cash Fund 2019-09-30 1.2652

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 Enhanced Cash Fund

Sep 30, 2019

Gross return inc. imputation credits 0.15% 0.69% 2.80% 2.77% 2.76% 3.26%
Benchmark return 0.10% 0.40% 1.88% 1.92% 1.98% 2.44%

Harbour Enhanced Cash Fund

Sep 30, 2019

Return after fees before tax 0.13% 0.64% 2.55% 2.51% 2.49% 3.00%

Gross returns means including imputation credits and before all fees, tax & expenses. For the Harbour Enhanced Cash Fund, Returns (before fees) prior to 31 July 2019 were for the wholesale Harbour NZ Short Duration Fund. This Fund transitioned to the Harbour Enhanced Cash Fund on 1 August 2019. As a result, Returns from 1 August 2019 onward are a combination of both Funds. Returns (after fees) are for the Harbour Enhanced Cash Fund only, inception date: 1 August 2019. Returns for periods less than a year are for the relevant period and not annualised; those of a longer period are annualised for the period shown. Past performance is not indicative of future results. The benchmark for the Fund is S&P/NZX Bank Bills 90-Day Index

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.

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

Investment Team for this Fund

George Henderson, CFA
Portfolio Manager
Mark Brown
Director, Head of Fixed Income

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.