Objective
This Fund is designed as a risk-diversifier for those who may already hold riskier assets (such as equities or property). It aims to utilise Harbour’s research to generate returns over and above the New Zealand fixed interest market.
Investment Approach
This Fund is built to generate returns through investing in a mix of New Zealand government and corporate fixed interest securities. The Fund is actively managed, which means the Fixed Income team is able to use Harbour’s macroeconomic and security research to make active investment decisions and target additional returns or hedge against risks.
Quick Facts
Type |
|
Fixed Interest |
Pays distribution? |
|
Yes, this Fund pays a quarterly distribution. The amount paid reflects the yield earned from the securities inside the Fund that quarter |
Investment horizon |
|
Medium term |
Fees |
|
0.63% 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. This includes the reinvestment of the Fund's distributions).
Harbour NZ Core Fixed Interest Fund
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour NZ Core Fixed Interest Fund Nov 30, 2018 |
Gross return inc. imputation credits | 0.03% | 0.44% | 3.79% | 4.59% | 4.74% | 5.55% |
| Benchmark return | -0.05% | 0.32% | 3.87% | 4.31% | 4.25% | 5.29% | |
|
Harbour NZ Core Fixed Interest Fund Nov 30, 2018 |
Return after fees before tax | -0.05% | 0.28% | 3.10% | 3.93% | 4.03% | 4.78% |
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 Fund’s distribution. Past performance is not indicative of future results. The benchmark for the Fund is 50/50 weighted average of the S&P/NZX Government Bond Index and S&P/NZX A Grade Corporate Bond Total Return Index |
|||||||
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour NZ Core Fixed Interest Fund | 2018-12-11 | 1.1240 |
| Harbour NZ Core Fixed Interest Fund | 2018-11-30 | 1.1195 |
These unit prices are after fees before tax, and assume distributions are reinvested. |
||
| Fund name | Date | Cents per Unit NZD |
|---|---|---|
| Harbour NZ Core Fixed Interest Fund | 2018-09-17 | 0.68 |
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
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.