Funds

Harbour NZ Corporate Bond Fund

Total Ethical Concerns: 2.98%

The average total concerns of all managed defensive funds is 1.99%.

Companies of Concern

  • Environmental Harm 2.98%

    • Fonterra
      2.98%
      2.98%

From the Fund Provider

  • About this fund

    About this Fund

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

    Value $517M NZD
    Period of data report 31st March 2025
    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

    George Henderson

    Currently: Portfolio Manager (6 years, 9 months)
    Previously: Portfolio Manager, Royal London Asset Management (11 years, 6 months)

    Simon Pannett

    Currently: Director, Senior Credit Analyst (11 years, 8 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 31st March 2025.

  • Past Returns

    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
    2025 3.87% 5.26%
    2024 3.43% 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%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • NZ Government Stock 15/05/2031 1.50%

      New Zealand NZ Fixed Interest AAA

      4.67%
    • NZ Local Gov Fund Agency 15/05/30 4.50%

      New Zealand NZ Fixed Interest AAA

      4.38%
    • Westpac NZ Limited 24/09/2029 4.337%

      New Zealand NZ Fixed Interest AA-

      3.63%
    • Fonterra Cooperative Grp 08/11/29 4.60%

      New Zealand NZ Fixed Interest A-

      2.98%
    • NZ Government Stock 15/05/2028 0.25%

      New Zealand NZ Fixed Interest AAA

      2.87%
    • Housing New Zealand Ltd 24/04/30 2.183%

      New Zealand NZ Fixed Interest AAA

      2.84%
    • NZ Government Stock 15/05/2032 2.00%

      New Zealand NZ Fixed Interest AAA

      2.52%
    • Kiwibank Limited 02/04/2027 Frn

      Australia NZ Fixed Interest A1

      2.4%
    • NZ Local Gov Fund Agency 15/05/31 2.25%

      New Zealand NZ Fixed Interest AAA

      2.27%
    • Nzgs Index Linked Bond 20/09/2030 3.00%

      New Zealand NZ Fixed Interest AAA

      2.22%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 1.33%
    New Zealand Fixed Interest 95.0% 98.67%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Fossil Fuels
  • 0.0% Weapons
  • 2.98% Environmental Harm

Companies of Concern

  • Environmental Harm

    • Fonterra
      2.98%
      2.98%

About this Fund

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

Value $517M NZD
Period of data report 31st March 2025
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

George Henderson

Currently: Portfolio Manager (6 years, 9 months)
Previously: Portfolio Manager, Royal London Asset Management (11 years, 6 months)

Simon Pannett

Currently: Director, Senior Credit Analyst (11 years, 8 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 31st March 2025.

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
2025 3.87% 5.26%
2024 3.43% 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%

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 31st March 2025.

Top 10 Investments

  • NZ Government Stock 15/05/2031 1.50%

    New Zealand NZ Fixed Interest AAA

    4.67%
  • NZ Local Gov Fund Agency 15/05/30 4.50%

    New Zealand NZ Fixed Interest AAA

    4.38%
  • Westpac NZ Limited 24/09/2029 4.337%

    New Zealand NZ Fixed Interest AA-

    3.63%
  • Fonterra Cooperative Grp 08/11/29 4.60%

    New Zealand NZ Fixed Interest A-

    2.98%
  • NZ Government Stock 15/05/2028 0.25%

    New Zealand NZ Fixed Interest AAA

    2.87%
  • Housing New Zealand Ltd 24/04/30 2.183%

    New Zealand NZ Fixed Interest AAA

    2.84%
  • NZ Government Stock 15/05/2032 2.00%

    New Zealand NZ Fixed Interest AAA

    2.52%
  • Kiwibank Limited 02/04/2027 Frn

    Australia NZ Fixed Interest A1

    2.4%
  • NZ Local Gov Fund Agency 15/05/31 2.25%

    New Zealand NZ Fixed Interest AAA

    2.27%
  • Nzgs Index Linked Bond 20/09/2030 3.00%

    New Zealand NZ Fixed Interest AAA

    2.22%
Type Target Actual
Cash and Cash Equivalents 5.0% 1.33%
New Zealand Fixed Interest 95.0% 98.67%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.