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
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

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

Harbour Income Fund

Jan 31, 2024

Gross return inc. imputation credits 0.37% 6.84% 7.23% 3.92% 3.80% 6.05%
Benchmark return 0.35% 7.36% 5.06% 2.42% 0.67% 3.78%

Harbour Income Fund

Jan 31, 2024

Return after fees before tax 0.36% 6.65% 6.63% 3.32% 3.15% 5.39%

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.

Unit price
Previous month end price
Fund name Date Unit Price NZD
Harbour Income Fund 2024-02-20 1.0158
Harbour Income Fund 2024-01-31 1.0241

These unit prices are after fees before tax, and assume distributions are reinvested.

Fund name Date Cents per Unit NZD
Harbour Income Fund 2024-01-23 0.45

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 the exclusions section of our ESG Policy.

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.

Investment Team for this Fund

Mark Brown is the Portfolio Manager

Mark Brown
Director, Head of Fixed Income
Craig Stent, CFA
Executive Director, Head of Equities
Simon Pannett, CFA
Director, Senior Credit Analyst

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.