Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management fee.
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 data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.
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 |
|---|---|---|
| 2020 | 1.67% | 3.38% |
| 2019 | 2.69% | 4.22% |
| 2018 | 2.37% | 2.91% |
| 2017 | 1.63% | 0.83% |
| 2016 | 2.91% | 4.53% |
| 2015 | 5.21% | 6.13% |
| 2014 | 1.36% | -1.36% |
| 2013 | 4.22% | 4.67% |
| 2012 | 3.86% | 5.92% |
| 2011 | 3.79% | 5.04% |
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 Tue June 30th 2020.
Showing the top 10 investments for this fund:
-
NZ Govt Stock 15/04/37 2.75%
New Zealand NZ Fixed Interest AA+9.59% -
NZ Govt Stock 20/04/29 3%
New Zealand NZ Fixed Interest AA+8.23% -
NZ Govt Stock 15/04/25 2.75%
New Zealand NZ Fixed Interest AA+6.83% -
NZ Govt Stock 15/5/2031 1.50%
New Zealand NZ Fixed Interest AA+6.58% -
NZ Govt Stock 14/4/2033 3.50%
New Zealand NZ Fixed Interest AA+5.82% -
NZ Govt Stock 5.5% 2023
New Zealand NZ Fixed Interest AA+5.13% -
NZ Govt Stock 4.5% 2027
New Zealand NZ Fixed Interest AA+5.05% -
ASB 19/8/24 1.83%
New Zealand NZ Fixed Interest AA-4.3% -
Kiwibank 20/09/24 2.155%
New Zealand NZ Fixed Interest A+3.6% -
ANZ Bank 20/3/24 3.03%
New Zealand NZ Fixed Interest AA-2.69%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.02% |
| New Zealand Fixed Interest | 100.0% | 99.98% |
| 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% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.
Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.
-
Issue of concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.00%
-
Animal Testing:0.00%
-
Fossil Fuels:0.00%
-
Gambling:0.00%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.00%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.00%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.
Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.
Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.
In their own words
"The New Zealand Fixed Interest Fund invests mainly in New Zealand fixed interest assets. Investments may include:• fixed interest assets in New Zealand dollars or issued by New Zealand located or incorporated entities and hedged back to New Zealand dollars and • cash and cash equivalents.The fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long-term is in line with the relevant market index."
| Value | $14M NZD |
| Period of data report | Tue June 30th 2020 |
| Members | Not provided |
| Fund started | Sun March 31st 1991 |
| Total annual fund fees | 0.71% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.55% |
| Administration charges | 0.16% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Paul Huxford |
Currently: Chief Investment Officer New Zealand (2 years, 0 months) |
|
Iain Cox |
Currently: Australasian Head of Fixed Interest and Cash (6 years, 4 months) |
|
Mia Prkusic |
Currently: Fund Manager Fixed Interest (0 years, 10 months) |
|
Ray Jack |
Currently: Credit Analyst (4 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
