RUSSELL INVESTMENTS

New Zealand Fixed Interest Fund

Total Net Assets

$206.7M

as of 31/08/2021

Fund Inception Date

14/02/2013

Performance
AS OF 31/10/2021
Latest Month Last 3 months Year to Date 1 Yr 3 Yrs 5 Yrs 10 Yrs Since Inception Fund Inception Date

Growth of hypothetical $10,000 (since inception)

As of 31/08/2021

 

Past performance is not a reliable indicator of future performance. Performance for periods longer than 1 year are annualised. Performance is reported net of Total Annual Fund Charge but before tax. This information has been prepared for the purpose of providing general information, without taking into account your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation or needs. Please consult your financial adviser. This information has been compiled from sources considered to be reliable, but is not guaranteed. Any potential investor should consider the relevant Product Disclosure Statement in deciding whether to acquire, or continue to hold units in a fund.

Historical distributions

Ex-Date Income Dividend Re-invest nav
Portfolio

Top 10 Issuers

As of 30/09/2021

Company Weight
New Zealand government 38.24%
NZ Local government funding agency limited 7.45%
Housing New Zealand limited 3.68%
Transpower New Zealand limited 3.08%
Bank of New Zealand 3.08%
Westpac New Zealand limited 2.38%
Landwirtsch Rentenbank 2.32%
 ASB Bank limited  2.27%
Auckland council 2.02%
ANZ Bank New Zealand limited 1.99%

Strategic manager allocations

As at 28/06/2019

Description Allocation Manager Style
 Harbour Asset Management     50.0%   Short-term local rates 
 Western Asset Management     50.0%   Medium-term thematic strategy 
Key Facts

Portfolio Manager

Clive Smith

Fund Inception Date

14/02/2013

Benchmark

Bloomberg NZ Bond Composite 0+ Index (TR)

Dealing Frequency

Daily

BUY SPREAD

0.10%

As of 30 Sep 2021

SELL SPREAD

0.15%

As of 30 Sep 2021

EX-DATE

30/09/2021

Dividend distribution

0.01

As of 30 Sep 2021

FEEs - Manager

0.40%

ESTIMATED FEES OTHER INCL. GST

0.09%

FEES - TOTAL ANNUAL FUND CHARGES

0.49%

Statistics
As at 31 Oct 2021

3-YEAR BETA

0.97 

5-YEAR BETA

0.96

3-YEAR VOLATILITY

4.02%

5-YEAR VOLATILITY

3.32%

3-YEAR TRACKING ERROR

0.94%

5-YEAR TRACKING ERROR

0.76%

EFFECTIVE DURATION

5.11

YIELD TO WORST

1.69%

AVERAGE LIFE

5.61

AVERAGE CREDIT RATING

AA

 
Literature

Implemented Investment Solutions Limited is the issuer of the funds on this page and Russell Investment Group Limited (RIGL) is the investment manager. Other useful information about these funds is available on the relevant fund’s offer register entry at www.companiesoffice.govt.nz/disclose.

The information on this page has been prepared for the purpose of providing general information, without taking into account your objectives, financial situation or needs and should not be relied upon in making an investment decision. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation or needs. Please consult your financial adviser. This information has been compiled from sources considered to be reliable, but is not guaranteed. Any potential investor should consider the relevant Product Disclosure Statement in deciding whether to acquire, or continue to hold units in a fund.

RIGL is part of Russell Investments. Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates, with a significant minority stake held by funds managed by Reverence Capital Partners. Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.