NZD Growth Fund
The NZD Growth Fund is a New Zealand Dollar denominated fund employing an active asset allocation strategy and a passive investment management strategy invested 16% in income assets (New Zealand and international fixed interest), with 84% exposure to growth assets (Australasian and international equities).
Investment Objectives
The fund seeks to track composite indices (before annual fund charge and tax), comprising 8% Bloomberg NZ Bond Govt 0+ Yr Index, 8% Bloomberg Barclays Global Aggregate Corporate Index, 30% S&P/NZX 50 Gross Index (including imputation credits) and 54% 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 |
New Zealand fixed interest | Simplicity NZ Bond Fund | 8% | |
International fixed interest |
iShares Core Global Bond UCITS ETF |
8% | |
Australasian equities |
Simplicity NZ Limited | Simplicity NZ Share Fund | 15% |
Australasian equities |
Harbour Asset Management Limited | Harbour NZ Index Shares Fund | 15% |
International equities |
BlackRock Asset Management Limited | Blackrock iShares Core MSCI World ex Australia ESG Leaders ETF | 54% |
Total assets | 100% |
Fund Performance
Please find below the latest performance figures for the NZD Growth Fund as at 31 May 2022. The returns are after fees and taxes:
PIR Tax Rate |
Month |
Quarter |
6-months |
12-months |
Inception |
28% |
-2.97% |
-2.40% |
-7.37% |
-5.36% |
5.47% |
0% |
-2.92% |
-2.40% |
-7.39% |
-5.60% |
5.42% |
* NZD Growth 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 Growth Fund from inception on 24 December 2018 to 31 May 2022. The chart shows cumulative investment performance after fees, and tax (at 28%):
Product Disclosure Statement
Download the PDS for more information about Garrison Bridge.
This is a replacement Product Disclosure Statement for the Garrison Bridge Superannuation Scheme.