Fund purpose
The Fund is designed to provide capital growth over time and produce attractive levels of income too. The objective of the Fund is to generate higher yield than the New Zealand and Australian markets.
Fund benchmark
The Fund is not managed in relation to a benchmark. However, we report performance against: 60% S&P/ASX Industrials Index (equally weighted and 90% hedged to NZD) and 40% S&P/NZX 50 Portfolio Index.
Investment approach
The stock picking process for this Fund blends a strong quantitative selection process across Australasia with a quality and fundamental overlay. The Fund predominantly invests in equities which generate attractive dividend yields, but also holds cash and fixed interest securities. It is designed to be more diversified than typical Australasian equity funds, and provide scope for regular sustainable income.
Quick Facts
Type |
|
Equity, Income |
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 |
|
Long term |
Fees |
|
1.03% pa -see Product Disclosure Statement for more details |
Risk/return |
|
Higher |
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 Australasian Equity Income Fund
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour Australasian Equity Income Fund Oct 31, 2024 |
Gross return inc. imputation credits | 1.32% | 3.17% | 18.40% | 8.12% | 4.15% | 6.93% |
| Benchmark return | -0.02% | 1.26% | 22.99% | 8.95% | 1.72% | 6.10% | |
|
Harbour Australasian Equity Income Fund Oct 31, 2024 |
Return after fees before tax | 1.27% | 2.93% | 17.20% | 6.99% | 3.02% | 5.79% |
Past performance is not indicative of future results. Inception: 1 November 2011. Benchmark: 60% S&P/ASX Industrials Index & 40% S&P/NZX 50 Portfolio Index. Return before fees & tax, including imputation credits, is for the wholesale fund, into which this fund invests. |
|||||||
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour Australasian Equity Income Fund | 2024-11-20 | 2.1752 |
| Harbour Australasian Equity Income Fund | 2024-10-31 | 2.1678 |
These unit prices are after fees before tax, and assume distributions are reinvested. |
||
| Fund name | Date | Cents per Unit NZD |
|---|---|---|
| Harbour Australasian Equity Income Fund | 2024-09-24 | 3.32 |
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.
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.
Investment Team for this Fund
Craig Stent 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.