Objective

This Fund is designed to provide capital growth over time and produce attractive levels of income too.

Investment Approach

The stock picking process for this Fund blends a strong quantitative selection process with a qualitative research overlay. The Fund predominantly invests in equities, but also holds cash and fixed interest securities. It is designed to be more diversified than typical equity funds, and provide scope for regular sustainable income from equity yields.

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
 
1.05% pa
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 Australasian Equity Income Fund

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view before fees
Fund name 1mnth 3mnth 1 year 2 year pa 3 year pa 5 year pa

Harbour Australasian Equity Income Fund

May 31, 2018

Gross return inc. imputation credits 3.11% 5.10% 6.59% 6.79% 8.00% 12.42%
Benchmark return 2.50% 3.64% 15.25% 12.14% 12.34% 13.56%

Harbour Australasian Equity Income Fund

May 31, 2018

Return after fees before tax 3.01% 4.80% 5.44% 5.61% 6.80% 11.16%

Gross returns means including imputation credits and before all fees, tax & expenses. The gross return listed reflects the Harbour Wholesale Fund in which this Fund invests, and the after tax return reflects the Harbour Investment Fund. 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. The after fees before tax return includes the reinvestment of the Funds’ distribution. Past performance is not indicative of future results. The benchmark for the Fund is 60% S&P/ASX Industrials Index (equally weighted and 90% hedged to NZD) and 40% S&P/NZX Portfolio Index

Unit price
Previous month end price
Fund name Date Unit Price NZD
Harbour Australasian Equity Income Fund 2018-06-20 1.7607
Harbour Australasian Equity Income Fund 2018-05-31 1.7298

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 2018-06-20 1.88

Investment Team for this Fund

Craig Stent, CFA
Executive Director, Head of Equities
Shane Solly, CFA
Director, Portfolio Manager
Andrew Bascand
Managing Director

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.