The NZD Conservative Fund is a New Zealand Dollar denominated fund employing an active asset allocation strategy and a passive investment management strategy invested 70% in income assets (New Zealand and international fixed interest), with 30% exposure to growth assets (Australasian and international equities).

 

Investment Objectives

The fund seeks to track composite indices (before annual fund charge and tax), comprising 10% S&P/NZX Bank Bills 90-Day Index, 40% Bloomberg NZ Bond Govt 0+ Yr Index, 20% Bloomberg Barclays Global Aggregate Corporate Index, 20% S&P/NZX 50 Gross Index (including imputation credits) and 10% MSCI World Ex Australia Custom ESG Leaders 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

Cash and cash equivalents

Harbour Asset Management Limited

Harbour Enhanced Cash Fund

10%

New Zealand fixed interest

Simplicity NZ Limited Simplicity NZ Bond Fund 40%

International fixed interest

BlackRock Asset Management Limited NZX/iShares Core Global Bond UCITS ETF 20%

Australasian equities

Simplicity NZ Limited Simplicity NZ Share Fund 20%

International equities

BlackRock Asset Management Limited Blackrock iShares Core MSCI World ex Australia ESG Leaders ETF 10%
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 2021.  The returns are after and fees and taxes:

 

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

28%

-0.23%  -2.91%  -1.59%  -5.68%  2.13%

0%

-0.08%

-3.70%

-2.47%

-7.62%

2.07%

* NZD Conservative Fund was established on 24 December 2018

* Returns for periods longer than one year are annualised

 

The chart below illustrates the performance of $100,000 invested in the NZD Conservative Fund from inception on 24 December 2018 to 30 November 2021. The chart shows cumulative investment performance after fees, and tax (at 28%):