RUSSELL INVESTMENTS

New Zealand Fixed Interest Fund

Total Net Assets

$135.4M

as of 31/08/2024

Fund Inception Date

14/02/2013

Performance
AS OF 31/08/2024
Latest Month Last 3 months Year to Date 1 Yr 3 Yrs 5 Yrs 10 Yrs Since Inception

Source data: Bloomberg. Please see disclaimer for further details and full benchmark history. Net of fee performance assume highest possible Total Annual Fund Charge (see PDS). Past performance is no indication of future performance.

Historical distributions

EX-DATE INCOME DIVIDEND  RE-INVEST NAV
28/03/24 0.01 1.1467
29/09/23 0.01 1.0873
31/03/23 0.01 1.1224
30/09/22 0.01 1.1020
31/03/22 0.01 1.1562
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 1.2430
28/09/18 0.01 1.2060
29/03/18 0.01 1.1898
29/09/17 0.01 1.1732
31/03/17 0.01 1.1576
Portfolio

Top 10 Issuers

As of 31/08/2024

Country Weight INDEX 
New Zealand Government Bond 40.94% 66.76%
Housing New Zealand Ltd 4.54% 3.21%
New Zealand Local Government Funding Agency Bond 4.61% 6.25%
Bank of New Zealand 3.89% 0.00%
New Zealand Government Inflation Linked Bond 2.47% 0.00%
Kiwibank Ltd 2.90% 0.00%
Auckland Council 2.27% 0.43%
Westpac New Zealand Ltd 2.35% 0.00%
Spark Finance Ltd 2.05% 0.00%
Cooperatieve Rabobank UA/New Zealand 2.67% 0.00%

Strategic manager allocations

As at 28/06/2019

Description Allocation Manager Style
Harbour Asset Management Short-term local rates 50.00%
Western Asset Management Medium-term thematic strategy 50.00%
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

0.08%

As of 17 June 2024

SELL SPREAD

0.08%

As of 17 June 2024

EX-DATE

31/3/2023

Dividend distribution

0.01

FEES – MANAGER EXCL. GST

0.40%

FEES – IN-FUND COSTS*

0.09%

FEES – ESTIMATED TOTAL ANNUAL FUND CHARGES**

0.49%

Statistics
As of 31/08/2024

3-YEAR BETA

1.02

5-YEAR BETA

1.01

3-YEAR VOLATILITY

5.26%

5-YEAR VOLATILITY

4.77%

3-YEAR TRACKING ERROR

0.32%

5-YEAR TRACKING ERROR

0.74%

EFFECTIVE DURATION

5.10

YIELD TO WORST

4.98%

AVERAGE LIFE

6.06

AVERAGE CREDIT RATING

AA

 
Literature

 

*in-fund costs include Forex/CLS trades, fund and registry administration audit, tax and legal, benchmark licenses etc. For full details of what is included, refer to the PDS

**these fees include management fees, supervisor’s fee, custody transaction costs etc., and are accrued and updated on our website approximately monthly. For full details of what is included, refer to the PDS

FundRock NZ Limited (FundRock) is the issuer and manager of the funds on this page and Russell Investment Group Limited (RIGL) is the investment manager. Product Disclosure Statements are available from RIGL or FundRock and on https://disclose-register.companiesoffice.govt.nz. The information contained on this website is not an offer of units in the funds offered within the Scheme or a proposal or an invitation to make an offer to sell, or a recommendation to subscribe for or purchase, any units in the funds. If you are making an investment directly then you will be required to complete the application form, which can be obtained from FundRock. The information and any opinions on this website are based on sources that RIGL believes are reliable and accurate. RIGL, its directors, officers and employees make no representations or warranties of any kind as to the accuracy or completeness of the information contained herein and disclaim liability for any loss, damage, cost or expense that may arise from any reliance on the information or any opinions, conclusions or recommendations contained in it, whether that loss or damage is caused by any fault or negligence on the part of RIGL, or otherwise, except for any statutory liability which cannot be excluded. All opinions reflect RIGL’s judgement on the date of this website and are subject to change without notice. This disclaimer extends to FundRock, and any entity that may distribute this publication. The information on this website is not intended to be financial advice for the purposes of the Financial Markets Conduct Act 2013 as amended by the Financial Services Legislation Amendment Act 2019. In particular, in preparing this document, Russell Investments did not take into account the investment objectives, financial situation and particular needs of any particular person. Professional investment advice from an appropriately qualified adviser should be taken before making any investment. Past performance is not necessarily indicative of future performance, unit prices may go down as well as up and an investor in the fund may not recover the full amount the capital that they invest. No part of this information may be reproduced without the permission of RIGL or FundRock.

Performance figures assume reinvestment of income. The benchmark return shown does not include any fees and is not intended to be an indicator of the return to an investor. Performance data is provided for informational purposes only and is not intended to imply a recommendation about a product or form the basis for making an investment decision

Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material or guarantee the accuracy or completeness of any information herein, nor does Bloomberg make any warranty, express or implied, as to the results to be obtained therefrom, and, to the maximum extent allowed by law, Bloomberg shall not have any liability or responsibility for injury or damages arising in connection therewith.

Benchmark changes: As at 28 Jun 2019 the index changed to the Bloomberg NZ Bond composite index. From December 2014 through to June 2019 the benchmark was 75:25 weighted average of the S&P/NZX NZ Government Stock Index and S&P/NZX A-Grade Corporate Index. Prior to December 2014 the benchmark was the S&P/NZX NZ Government Stock Index.