RUSSELL INVESTMENTS
New Zealand Fixed Interest Fund|
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 |
|---|---|---|---|---|---|---|---|---|---|
|
New Zealand Fixed Interest Fund (GROSS)
|
-2.7% | -4.12% | -5.83% | -7.43% | 1.87% | 2.85% | - | 3.9% | 14/02/2013 |
|
New Zealand Fixed Interest Fund (NET)
|
-2.67% | -4.30% | -6.43% | -8.14% | 1.10% | 2.07% | - | 3.11% | 14/02/2013 |
|
Bloomberg NZ Bond Composite 0+ Index (TR) Benchmark
|
-2.88% | -4.70% | -6.81% | -8.78% | 1.25% | 2.19% | - | 3.27% | 14/02/2013 |
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 |
|---|---|---|
| 30/09/2021 | 0.01 | 1.23 |
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 |
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%
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
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.