FUND DETAILS:

INCEPTION DATE:

12 November 2015

INDEX TRACKED:

Does not track an index

DIVIDEND PAYMENT DATES:

Mar / Jun / Sep / Dec

ASSET CLASS:

Cash and Cash Equivalents

GEOGRAPHIC FOCUS:

NZ

CODE:

NZC

AS AT:

23/04/2018

MARKET PRICE:

$2.987

NTA:

$2.98953

YIELD:

2.73%

TOTAL FUND VALUE:

$116,265,797

FUND CHARGES:

0.33%

 

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Funds Summary


TOP 10 HOLDINGS

Top 10 issuer exposure as at 31 March 2018. Updated quarterly.

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- SBS Bank 02/08/18 TD -- 8.44%
-- Kiwibank Ltd 13/05/19 FRN -- 6.95%
-- Meridian Energy Ltd 29/10/19 FRN -- 5.26%
-- ANZ Bank New Zealand Ltd 22/03/19 FRN -- 4.80%
-- Inland Revenue Deposit 19/04/18 RCD -- 4.02%
-- Westpac Banking Corp 20/06/18 TD -- 3.52%
-- China Construction Bank 22/02/19 TD -- 3.45%
-- Kiwibank Ltd 15/02/19 TD -- 3.15%
-- Bank of New Zealand 14/09/20 FRN -- 3.02%
-- Westpac Banking Corp 11/04/18 TD -- 2.66%

PORTFOLIO CHARACTERISTICS

As at 28 February 2018.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (days) 98 45
Yield (%) 3.05 1.82
Sector Breakdown (%)
New Zealand Banks 78.5
New Zealand Government 12.1
Corporates and SOEs 9.4

Fund Performance

Net Tangible Assets (NTA) per Unit Performance

1 Month 3 Months 1 Year 3 Years Annualised 5 Years Annualised
Investor Returns* 0.14% 0.47% 1.99%
  1. * Returns are as at 29 March 2018 and are calculated on NTA movement, assuming distributions are reinvested on payment date, and are after tax at 28% and fund charges.

Table of Dividends

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2018-02-27 INT 1.616654 0.188167 0.414665 2018-03-20
2017-11-29 INT 1.564058 0.174808 0.385225 2017-12-20
2017-08-30 INT 1.596151 0.149917 0.330373 2017-09-20
2017-05-30 FIN 1.617088 0.285369 0.628868 2017-06-22
2017-02-27 FIN 1.680946 0.296637 0.653701 2017-03-21

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZC MKTUPDTE: NZC: NZC NTA 23-04-2018 $2.99000 24 Apr 2018, 08:30am MKTUPDTE

SMARTINCOME Funds