FUND DETAILS:

INCEPTION DATE:

12 November 2015

INDEX TRACKED:

Does not track an index

DIVIDEND PAYMENT DATES:

Mar / Jun / Sep / Dec

ASSET CLASS:

New Zealand Fixed Interest

GEOGRAPHIC FOCUS:

NZ

CODE:

NZB

AS AT:

13/07/2020

MARKET PRICE:

$3.146

NTA:

$3.15

YIELD:

3.00%

TOTAL FUND VALUE:

$346,049,360

FUND CHARGES:

0.54%

 

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Funds Summary


TOP 10 HOLDINGS

Top 10 issuer exposure as at 31 March 2020. Updated quarterly.

TICKER ISSUER INDUSTRY SECTOR WEIGHTING
-- New Zealand Government 20/09/25 IB NZ Government 7.89%
-- NZ Local Govt. Funding Agency 14/04/33 GB Local Authority 6.92%
-- Insurance Australia Group Ltd 15/06/43 CB Corporates & SOEs 3.20%
-- Bank of New Zealand 15/06/23 CB NZ Bank 3.01%
-- ASB Bank Ltd 07/09/23 CB NZ Bank 2.73%
-- TR Group Ltd 07/03/24 CB Corporates & SOEs 2.56%
-- Chorus Ltd 06/12/23 CB Corporates & SOEs 2.45%
-- Fonterra Co-operative Group Ltd 19/06/25 CB Corporates & SOEs 2.43%
-- ANZ Bank New Zealand Ltd 20/03/24 CB NZ Government 2.40%
-- Genesis Energy Ltd 03/04/25 CB Corporates & SOEs 2.37%

PORTFOLIO CHARACTERISTICS

As at 31 May 2020.

PORTFOLIO CHARACTERISTICS FUND BENCHMARK
Duration (years) 3.77 3.33
Yield (%) 1.28 0.86
Credit Ratings (%)
AAA 0.4
AA+ to AA- 50.4
A+ to A- 21.6
BBB+ to BBB- 27.6

Fund Performance

Net Tangible Assets (NTA) per Unit Performance

1 Month 3 Months 1 Year 3 Years Annualised 5 Years Annualised
Investor Returns (After fees, after tax 28%) 0.22% 3.15% 4.24% 4.25%
Returns (After fees, before tax) 0.31% 4.41% 5.75% 5.89%
Returns (Before fees, before tax) 0.36% 4.55% 6.33% 6.47%
Index Returns* 0.12% 3.42% 5.82% 5.70%
  1. *S&P/NZX A-Grade Corporate Bond Index. Returns as at 30 June 2020.

Table of Dividends

Historic Dividends

EX DIVIDEND PERIOD AMOUNT SUPPL. IMPUTATION PAYABLE
2020-05-28 FIN 1.778726 0.100192 0.220792 2020-06-19
2020-02-27 INT 1.736741 0.306484 0.675399 2020-03-20
2019-11-28 INT 1.732460 0.305728 0.673735 2019-12-18
2019-08-29 INT 1.877222 0.331275 0.730031 2019-09-20
2019-05-30 FIN 2.114063 0.373070 0.822135 2019-06-20

Market Announcements

CODE TITLE DATE TYPE
MKTUPDTE NZB MKTUPDTE: NZB: NZB NTA 10-07-2020 $3.14530 13 Jul 2020, 10:26am MKTUPDTE