Funds

Harbour NZ Corporate Bond Fund

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Issues of concern

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2024 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

About this fund

In their own words

The Fund provides access to favourable income yields through a diversified portfolio of primarily investment grade corporate bond fixed income securities.

Value $497M NZD
Period of data report 30th Sept. 2024
Fund started 16th Feb. 2009
Total annual fund fees 0.46%
Total performance based fees 0.0%
Manager's basic fee 0.39%
Other management and administration charges 0.07%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

George Henderson

Currently: Portfolio Manager (6 years, 3 months)
Previously: Portfolio Manager, Royal London Asset Management (11 years, 6 months)

Simon Pannett

Currently: Director, Senior Credit Analyst (11 years, 2 months)
Previously: Investment Solutions, UK Investment Analyst (2 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2024 3.59% 4.08%
2023 -0.79% -0.02%
2022 -2.46% -4.24%
2021 2.15% 2.13%
2020 1.75% 2.64%
2019 2.76% 3.7%
2018 1.94% 2.98%
2017 1.52% 1.86%
2016 2.91% 4.14%
2015 5.21% 4.98%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.

Top 10 Investments

  • NZ Local Gov Fund Agency 15/05/30 4.50%
    New Zealand NZ Fixed Interest AAA
    4.54%
  • Westpac NZ Limited 24/09/2029 4.337%
    New Zealand NZ Fixed Interest AA-
    4.48%
  • NZ Local Gov Fund Agency 15/05/31 2.25%
    New Zealand NZ Fixed Interest AAA
    3.18%
  • NZ Government Stock 15/05/2028 0.25%
    New Zealand NZ Fixed Interest AAA
    2.94%
  • Housing New Zealand Ltd 24/04/30 2.183%
    New Zealand NZ Fixed Interest AAA
    2.93%
  • Kiwibank Limited 02/04/2027 Frn
    Australia NZ Fixed Interest A1
    2.47%
  • Bank Of New Zealand 07/06/2027 4.985%
    New Zealand NZ Fixed Interest AA-
    2.41%
  • Nzgs Index Linked Bond 20/09/2030 3.00%
    New Zealand NZ Fixed Interest AAA
    2.29%
  • Rabobank NZ Limited 08/12/2026 Frn
    New Zealand NZ Fixed Interest A+
    2.23%
  • NZ Local Gov Fund Agency 15/04/37 2.00%
    New Zealand NZ Fixed Interest AAA
    2.05%
Type Target Actual
Cash and Cash Equivalents 5.0% 3.09%
New Zealand Fixed Interest 95.0% 96.91%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested against the fund's targets.

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.