The NZD Conservative Fund is a New Zealand dollar denominated fund employing a passive management strategy invested in 80% income assets (New Zealand fixed interest), with a 20% exposure to growth assets (New Zealand equities).

 

Investment Objectives

The fund seeks to track a composite index (before annual fund charge and tax), comprising 80% Bloomberg NZBond Govt 0+ Yr Index and 20% S&P/NZX50 Index.


Investment Managers

The table below sets out the target asset allocation and underlying investment managers for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

Asset Class

Investment Manager

 Product Name Benchmark Asset Allocation 1

New Zealand Fixed Interest

Simplicity NZ Ltd

Simplicity NZ Bond Fund

 80%

Australasian Equities

 Simplicity NZ Ltd Simplicity NZ Share Fund 20%
Total assets 100%

 

1 The Benchmark Asset Allocation, Maximum and Operating ranges are set out in the SIPO.

 

Fund Performance

Please find below the latest performance figures for the NZD Conservative Fund as at 30 November 2019.  The returns are after and fees and taxes:

 

PIR Tax Rate Month Quarter 6-months 12-months Inception

28%

0.89%

0.56%

3.69%

n/a

9.30%

0%

0.76%

-0.14%

3.75%

n/a

9.59%

* NZD Conservative Fund was established on 24 December 2018

 

The chart below illustrates the performance of $100,000 invested in the NZD Conservative Fund from inception on 24 December 2018 to 30 November 2019. The chart shows cumulative investment performance after fees, and tax (at 28%):