RUSSELL INVESTMENTS
New Zealand Fixed Interest Fund|
AS OF 31/12/2022
|
Latest Month | Last 3 months | Year to Date | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Since Inception |
|---|---|---|---|---|---|---|---|---|
|
New Zealand Fixed Interest Fund (Gross)
|
-1.04% | 0.35% | -6.59% | -6.59% | -2.02% | 0.79% | - | 2.85% |
|
New Zealand Fixed Interest Fund (Net)
|
-1.09% | 0.23% | -7.04% | -7.04% | -2.67% | 0.09% | - | 2.10% |
|
Bloomberg NZ Bond Composite 0+ Index (TR) Benchmark
|
-1.06% | 0.09% | -7.14% | -7.14% | -2.81% | 0.21% | - | 2.20% |
Historical distributions
| EX-DATE | INCOME DIVIDEND | RE-INVEST NAV |
| 30/09/22 | 0.01 | 1.102 |
| 31/03/22 | 0.01 | 1.15620 |
| 30/09/21 | 0.01 | 1.2295 |
| 31/03/21 | 0.01 | 1.2525 |
| 30/09/20 | 0.01 | 1.3224 |
| 31/03/20 | 0.01 | 1.2676 |
| 30/09/19 | 0.01 | 1.2818 |
| 29/03/19 | 0.01 | 1.243 |
| 28/09/18 | 0.01 | 1.206 |
| 29/03/18 | 0.01 | 1.1898 |
| 29/09/17 | 0.01 | 1.1732 |
| 31/03/17 | 0.01 | 1.1576 |
Top 10 Issuers
As of 30/11/2022
| Country | Weight | INDEX |
|---|---|---|
| NEW ZEALAND GOVERNMENT | 37.43% | 62.00% |
| NZ LOCAL GOVT FUNDING AGENCY LTD | 8.33% | 8.13% |
| HOUSING NEW ZEALAND LIMITED | 4.72% | 3.56% |
| ASB BANK LIMITED | 3.37% | 1.14% |
| WESTPAC NEW ZEALAND LIMITED | 3.33% | 1.85% |
| ANZ BANK NEW ZEALAND LIMITED | 2.08% | 0.88% |
| BANK OF NEW ZEALAND | 2.07% | 1.45% |
| KIWIBANK LIMITED | 1.80% | 0.53% |
| INTL BANK FOR RECONSTRUCTION & DEV | 1.77% | 3.64% |
| DUNEDIN CITY TREASURY LIMITED | 1.65% | 0.09% |
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 |
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 31 Mar 2022
SELL SPREAD
0.15%
As of 31 Mar 2022
EX-DATE
30/9/2022
Dividend distribution
0.01
FEEs - Manager
0.40%
ESTIMATED FEES OTHER INCL. GST
0.09%
FEES - TOTAL ANNUAL FUND CHARGES
0.49%
3-YEAR BETA
1.01
5-YEAR BETA
0.99
3-YEAR VOLATILITY
4.68%
5-YEAR VOLATILITY
3.96%
3-YEAR TRACKING ERROR
0.95%
5-YEAR TRACKING ERROR
0.77%
EFFECTIVE DURATION
4.69
YIELD TO WORST
1.80%
AVERAGE LIFE
5.52
AVERAGE CREDIT RATING
AA
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. Net Returns above assume highest management fee. 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.