Fund purpose
The Fund is designed to deliver positive absolute returns through the economic cycle with low volatility and low correlation of returns with equity markets.
Fund benchmark
The Fund is not managed in relation to a benchmark. However, we report performance against: S&P/NZX Bank Bills 90-Day Index plus 2%.
To calculate the risk indicator we use: 15% S&P/NZX 50 Index; 15% S&P/ASX 200 Index & 70% S&P/NZX Bank Bills 90-Day Index.
Investment approach
The Fund principally holds 'long' and 'short' positions in listed Australasian equities reflecting our conviction in their likelihood of providing medium to long term capital growth. We can actively allocate investments between Australasian listed equities, fixed interest and cash. The Fund may also use derivatives to hedge currency and equity risk.
Quick Facts
Type |
|
Equity |
Investment horizon |
|
Long term |
Fees |
|
0.99%pa* |
Risk/return |
|
Medium |
*may pay a performance fee, see Product Disclosure Statement for more details
Growth of $10,000 invested in Fund since inception
(cumulative returns after fees, before tax).
Harbour Long Short Fund Performance
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour Long Short Fund | 2024-11-20 | 1.3726 |
| Harbour Long Short Fund | 2024-10-31 | 1.375 |
These unit prices are after fees before tax. |
||
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour Long Short Fund Oct 31, 2024 |
Gross return inc. imputation credits | 0.85% | 2.48% | 15.40% | 8.12% | 3.01% | 8.52% |
| Benchmark return | 0.52% | 1.64% | 10.59% | 6.87% | 4.45% | 4.05% | |
|
Harbour Long Short Fund Oct 31, 2024 |
Return after fees before tax | 0.71% | 2.10% | 14.05% | 6.89% | 1.83% | 6.18% |
Past performance is not indicative of future results. Gross returns means including imputation credits and before all fees, tax & expenses. Inception: 03 January 2019. Performance Benchmark: S&P/NZX Bank Bills 90-Day Index plus 2%. Market Index is 15% S&P/NZX50 Index; 15% S&P/ASX 200 Index & 70% S&P/NZX Bank Bills 90-Day Index. |
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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.