Funds

BNZ Private Wealth Series New Zealand Fixed Interest Fund

Total Ethical Concerns: 2.09%

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

Companies of Concern

  • Environmental Harm 2.09%

    • Fonterra
      2.09%
      2.09%

From the Fund Provider

  • About this fund

    About this Fund

    The New Zealand Fixed Interest Fund invests in New Zealand fixed interest securities, primarily investment-grade government and corporate bonds. It aims to provide a gross return in excess of its benchmark index, over the medium term.

    Value $178M NZD
    Period of data report 31st March 2025
    Fund started 2nd March 2017
    Total annual fund fees 0.39%
    Total performance based fees 0.0%
    Manager's basic fee 0.39%
    Other management and administration charges 0.0%
    Total other charges 0.0
    Total other charges currency NZD

    Andrew Bascand

    Currently: Chair, Investment Committee (0 years, 1 months)
    Previously: ​Managing Director, Harbour Asset Management Ltd (other position) (15 years, 3 months)

    Richard Ansell

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Independent Director, BNZ Investment Services Ltd (other position) (6 years, 1 months)

    Louis Nel

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Head of External Managers & Partnerships, Harbour Asset Management Limited (other position) (0 years, 8 months)

    Chris Di Leva

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Head of Multi-Asset & Global Investments, Harbour Asset Management Ltd (other position) (6 years, 6 months)

    Murray Brown

    Currently: Member, Investment Committee (0 years, 1 months)
    Previously: Independent Director, Harbour Asset Management Ltd (other position) (5 years, 1 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% 4.84%
    2024 3.43% 2.93%
    2023 -0.79% -0.51%
    2022 -2.46% -4.58%
    2021 2.15% 1.02%
    2020 1.75% 2.18%
    2019 2.76% 4.14%
    2018 1.94% 3.4%

    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

    • New Zealand 4.5% 15/05/2035

      New Zealand NZ Fixed Interest AAA

      8.12%
    • NZ Government Bond 2.75% 15/04/2037

      New Zealand NZ Fixed Interest AAA

      7.04%
    • NZ Government Bond 4.5% 15/04/2027

      New Zealand NZ Fixed Interest AAA

      6.9%
    • New Zealand 4.25% 15/05/2036

      New Zealand Cash and Equivalents AAA

      4.84%
    • NZ Government Bond 2% 15/05/2032

      New Zealand NZ Fixed Interest AAA

      4.69%
    • NZ Government Bond 1.75% 15/05/2041

      New Zealand NZ Fixed Interest AAA

      4.37%
    • NZ Government Bond 1.5% 15/05/2031

      New Zealand NZ Fixed Interest AAA

      4.31%
    • NZ Government Inflation Index Bond 3.2502% 20/09/2030

      New Zealand NZ Fixed Interest AAA

      3.29%
    • NZ Government Bond 4.5% 15/05/2030

      New Zealand NZ Fixed Interest AAA

      3.28%
    • NZ Government Bond 3% 20/04/2029

      New Zealand NZ Fixed Interest AAA

      2.84%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 0.28%
    New Zealand Fixed Interest 100.0% 99.72%
    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
  • 2.09% Environmental Harm

Companies of Concern

  • Environmental Harm

    • Fonterra
      2.09%
      2.09%

About this Fund

The New Zealand Fixed Interest Fund invests in New Zealand fixed interest securities, primarily investment-grade government and corporate bonds. It aims to provide a gross return in excess of its benchmark index, over the medium term.

Value $178M NZD
Period of data report 31st March 2025
Fund started 2nd March 2017
Total annual fund fees 0.39%
Total performance based fees 0.0%
Manager's basic fee 0.39%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Andrew Bascand

Currently: Chair, Investment Committee (0 years, 1 months)
Previously: ​Managing Director, Harbour Asset Management Ltd (other position) (15 years, 3 months)

Richard Ansell

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Independent Director, BNZ Investment Services Ltd (other position) (6 years, 1 months)

Louis Nel

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Head of External Managers & Partnerships, Harbour Asset Management Limited (other position) (0 years, 8 months)

Chris Di Leva

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Head of Multi-Asset & Global Investments, Harbour Asset Management Ltd (other position) (6 years, 6 months)

Murray Brown

Currently: Member, Investment Committee (0 years, 1 months)
Previously: Independent Director, Harbour Asset Management Ltd (other position) (5 years, 1 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% 4.84%
2024 3.43% 2.93%
2023 -0.79% -0.51%
2022 -2.46% -4.58%
2021 2.15% 1.02%
2020 1.75% 2.18%
2019 2.76% 4.14%
2018 1.94% 3.4%

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

  • New Zealand 4.5% 15/05/2035

    New Zealand NZ Fixed Interest AAA

    8.12%
  • NZ Government Bond 2.75% 15/04/2037

    New Zealand NZ Fixed Interest AAA

    7.04%
  • NZ Government Bond 4.5% 15/04/2027

    New Zealand NZ Fixed Interest AAA

    6.9%
  • New Zealand 4.25% 15/05/2036

    New Zealand Cash and Equivalents AAA

    4.84%
  • NZ Government Bond 2% 15/05/2032

    New Zealand NZ Fixed Interest AAA

    4.69%
  • NZ Government Bond 1.75% 15/05/2041

    New Zealand NZ Fixed Interest AAA

    4.37%
  • NZ Government Bond 1.5% 15/05/2031

    New Zealand NZ Fixed Interest AAA

    4.31%
  • NZ Government Inflation Index Bond 3.2502% 20/09/2030

    New Zealand NZ Fixed Interest AAA

    3.29%
  • NZ Government Bond 4.5% 15/05/2030

    New Zealand NZ Fixed Interest AAA

    3.28%
  • NZ Government Bond 3% 20/04/2029

    New Zealand NZ Fixed Interest AAA

    2.84%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.28%
New Zealand Fixed Interest 100.0% 99.72%
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.