Objective
This Fund is designed to provide income by capturing the yield from investment grade corporate bonds. It aims to outperform the New Zealand corporate bond market.
Investment Approach
This Fund draws on the detailed credit research of Harbour Fixed Income team, and follows a diversified, low-turnover strategy. It targets corporate bonds specifically, which lends it a slightly higher credit risk profile than the Harbour NZ Core Fixed Interest Fund.
Quick Facts
Type |
|
Income, Fixed Interest |
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 |
|
Medium term |
Fees |
|
0.45% 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 Funds’ distributions).
Harbour NZ Corporate Bond Fund
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour NZ Corporate Bond Fund Apr 30, 2022 |
Gross return inc. imputation credits | -1.65% | -3.87% | -7.36% | -3.09% | 0.10% | 2.05% |
| Benchmark return | -1.63% | -3.86% | -7.21% | -3.70% | -0.32% | 1.79% | |
|
Harbour NZ Corporate Bond Fund Apr 30, 2022 |
Return after fees before tax | -1.71% | -4.00% | -7.82% | -3.56% | -0.40% | 1.49% |
Gross returns means including imputation credits and before all fees, tax & expenses. 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 S&P/NZX A Grade Corporate Bond Total Return Index |
|||||||
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour NZ Corporate Bond Fund | 2022-05-19 | 1.0276 |
| Harbour NZ Corporate Bond Fund | 2022-04-29 | 1.0163 |
These unit prices are after fees before tax, and assume distributions are reinvested. |
||
| Fund name | Date | Cents per Unit NZD |
|---|---|---|
| Harbour NZ Corporate Bond Fund | 2022-03-22 | 0.82 |
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
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.