Objective

This Fund is designed for investors who want both capital growth and a steady and sustainable income. It aims to exceed the official cash rate plus 3.5% per annum (over rolling 3 year periods).

Investment Approach

The Income Fund is diversified, with holdings across different asset classes. There is flexibility for the team to change the allocation of assets to proactively mitigate risks and take advantage of opportunities across market cycles.

The Fund is actively managed, harnessing the expertise of Harbour’s two award-winning investment teams, Equities and Fixed Income. It blends Harbour’s best research and ideas with robust operational processes, under the watchful eye of Portfolio Manager Mark Brown.

Quick Facts

Type
 
Income
Pays distributions?
 
Yes
Investment horizon
 
Medium term
Fees
 
0.63% pa*
Risk/return
 
Lower to medium

*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

Sep 30, 2018

Gross return inc. imputation credits 0.16% 2.07% 6.71% 3.66% - -
Benchmark return -0.15% 1.99% 7.87% 4.21% - -

Harbour Income Fund

Sep 30, 2018

Return after fees before tax 0.09% 1.90% 5.90% 4.54% - -

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 68% S&P/NZX A- Grade Corporate Bond Total Return Index; 16% S&P/ASX 200 Industrials Index (100% hedged to NZ Dollars); and 16% S&P/NZX Portfolio Index

Unit price
Previous month end price
Fund name Date Unit Price NZD
Harbour Income Fund 2018-10-16 0.9794
Harbour Income Fund 2018-09-28 0.9908

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

Fund name Date Cents per Unit NZD
Harbour Income Fund 2018-09-17 1.25

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
Director, Fixed Income Portfolio Manager
Simon Pannett
Director, Research Analyst
Craig Stent, CFA
Executive Director, Head of Equities

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.