Fund purpose
The Fund objective is to exceed the Official Cash Rate (OCR) plus 3.5% per annum over rolling 3-year periods. Multi asset funds are a whole portfolio in one fund, containing a balance of different asset classes. Investors can pick one, or mix funds together.
Fund benchmark
68% S&P/NZX A Grade Corporate Bond Total Return, 16% S&P/ASX 200 Industrials Index and 16% S&P/NZX Portfolio Index.
Investment approach
The Fund invests approximately 32% in growth assets and 68% in defensive assets, primarily New Zealand fixed interest securities and dividend-paying Australasian shares. The Fund is actively managed, harnessing the expertise of Harbour's award winning investment team for domestic asset classes, and best-in-class externally-managed global funds. The team change the allocation of assets to proactively mitigate risks and take advantage of opportunities across market cycles.
Quick Facts
Type |
|
Income |
Pays distributions? |
|
Yes. The Fund’s distribution is derived from medium-term return expectations consistent with maintaining a 28% tax-paying investor’s capital value after fees and taxes are paid. Medium-term return projections are not forecasts or a guarantee of total returns, rather they are intended to provide a useful financial planning signal for investors. |
Investment horizon |
|
Medium term |
Fees |
|
0.63% pa* |
Risk/return |
|
Medium |
Current distribution rate |
5.25% pa* |
*See Product Disclosure Statement for more details
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 Income Fund
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour Income Fund Oct 31, 2024 |
Gross return inc. imputation credits | 0.98% | 3.08% | 16.33% | 9.42% | 5.34% | 5.89% |
| Benchmark return | 0.06% | 1.69% | 15.22% | 7.87% | 3.13% | 3.25% | |
|
Harbour Income Fund Oct 31, 2024 |
Return after fees before tax | 0.97% | 2.92% | 15.52% | 8.74% | 4.69% | 5.26% |
Past performance is not indicative of future results. Gross returns means including imputation credits and before all fees, tax & expenses. Inception: 28 October 2015. Benchmark: 68% S&P/NZX A Grade Corporate Bond Total Return, 16% S&P/ASX 200 Industrials Index (100% hedged to NZD), 16% S&P/NZX 50 Portfolio Index. |
|||||||
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour Income Fund | 2024-11-20 | 1.0669 |
| Harbour Income Fund | 2024-10-31 | 1.0646 |
These unit prices are after fees before tax, and assume distributions are reinvested. |
||
| Fund name | Date | Cents per Unit NZD |
|---|---|---|
| Harbour Income Fund | 2024-10-22 | 0.47 |
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/voting, 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 not only whether we invest in companies, but also how much. The fund also utilises external managers, who must meaningfully integrate ESG and impact into their processes.
Additional information on screening thresholds and processes are outlined in our ESG Policy and the fund Statement of Investment Policy & Objectives (SIPO).
Investment Team for this Fund
Mark Brown 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.